Director, Procurement

We’re building a relationship-oriented bank for the modern world. We need talented, passionate professionals who are dedicated to doing what’s right for our clients.

At CIBC, we embrace your strengths and your ambitions, so you are empowered at work. Our team members have what they need to make a meaningful impact and are truly valued for who they are and what they contribute.

To learn more about CIBC, please visit CIBC.com

What you'll be doing

The Director, Procurement will be responsible for leading and overseeing strategic procurement, sourcing, and contracting initiatives across the Technology, Contact Centres, Data & AI portfolio. This role is accountable for managing a portfolio of functional groups, developing and executing sourcing strategies, and ensuring operational excellence in vendor management, governance, and compliance. The Director acts as a key relationship manager, providing strategic direction and advisory support to internal stakeholders and business partners, while fostering innovation and driving transformational initiatives aligned with CIBC’s strategic objectives.

At CIBC we enable the work environment most optimal for you to thrive in your role. You’ll have the flexibility to manage your work activities within a hybrid work arrangement where you’ll spend 1-3 days per week on-site, while other days will be remote.

How you’ll succeed

• Portfolio Management - Manage a portfolio supporting Technology, Contact Centres, and Data & AI teams, including pipeline development, supplier strategy, and execution of complex sourcing and contracting initiatives.
• Strategic Sourcing & Negotiation - Lead the development and execution of sourcing and negotiation strategies to meet business objectives. Ensure adherence to CIBC’s Sourcing Methodology Process, resulting in well-negotiated contracts with robust governance and compliance.
• Vendor Relationship Management - Build and maintain strong relationships with key technology and contact centre vendors. Collaborate with senior team members to support vendor management activities and ensure business unit engagement in supplier agreements.
• Stakeholder Engagement - Develop and maintain relationships with executives, business leaders, risk group stakeholders, and suppliers. Act as a strategic advisor to internal clients, capturing business requirements and translating them into clear supplier deliverables.
• Project & Initiative Leadership - Support and advance sourcing initiatives through effective project management. Represent Procurement on committees and working groups, demonstrating expertise in sourcing strategies and operational effectiveness.
• Team Support & Coaching - Oversee the work of Procurement Leads and support broader team management. Provide training, mentorship, and guidance to team members, fostering collaboration and an inclusive work environment.
• Communication & Influence - Communicate regularly with CIBC executives and business leaders, providing impactful updates and influencing management decisions to achieve consensus and resolve complex issues.
• Risk Management & Compliance - Ensure operational effectiveness and compliance for all sourcing-related initiatives. Implement procedures based on internal guidelines and proactively address issues identified by Governance, Compliance, and Internal Audit.

Who you are

• You can demonstrate experience in all aspects of the sourcing lifecycle, including developing and refining sourcing opportunities, supplier selection (e.g., RFPs), negotiation, and contracting.
• You are a bold and accountable leader. You have experience developing strategic recommendations, securing leadership buy-in, and driving execution through cross-functional teams.
• You understand that success is in the details. You notice things that others don't. Your critical thinking skills help to inform your decision making. As much as you are comfortable at the strategic and conceptual level, you are equally comfortable diving into the details to uncover opportunities and resolve issues.
• You give meaning to data. You enjoy investigating complex problems and making sense of information. You're confident in your ability to communicate detailed information in an impactful way.
• You're driven by collective success. You know that collaboration can transform a good idea into a great one. You understand the power of an inclusive team that enjoys working together to bring a shared vision to life.
• Values matter to you. You bring your real self to work and you live our values – trust, teamwork and accountability.

#LI-TA

What CIBC Offers

At CIBC, your goals are a priority. We start with your strengths and ambitions as an employee and strive to create opportunities to tap into your potential. We aspire to give you a career, rather than just a paycheck.

• We work to recognize you in meaningful, personalized ways including a competitive salary, incentive pay, banking benefits, a benefits program*, defined benefit pension plan*, an employee share purchase plan, a vacation offering, wellbeing support, and MomentMakers, our social, points-based recognition program.

• Our spaces and technological toolkit will make it simple to bring together great minds to create innovative solutions that make a difference for our clients.

• We cultivate a culture where you can express your ambition through initiatives like Purpose Day; a paid day off dedicated for you to use to invest in your growth and development.

*Subject to plan and program terms and conditions

What you need to know

• CIBC is committed to creating an inclusive environment where all team members and clients feel like they belong. We seek applicants with a wide range of abilities and we provide an accessible candidate experience. If you need accommodation, please contact [email protected]

• CIBC is committed to clarity in our hiring process. All roles posted are opportunities we’re actively recruiting for, unless stated otherwise.

• You need to be legally eligible to work at the location(s) specified above and, where applicable, must have a valid work or study permit.

• We may ask you to complete an attribute-based assessment and other skills test (such as simulation, coding, French proficiency).

• We use artificial intelligence tools during the recruitment process. Our goal for the application process is to get to know more about you, all that you have to offer, and give you the opportunity to learn more about us.

Job Location

Toronto-81 Bay, 14th Floor

Employment Type

Regular

Weekly Hours

37.5

Skills

Corporate Services, Management Reporting, Procurement Services, Regulatory Compliance, Reporting and Analysis, Strategic Objectives, Supplier Relationship Management, Vendor Management, Vendor Relationships, Work Collaboratively