Senior Contracts Specialist

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 Contract Support Group supports CIBC’s Procurement Organization in the negotiation of its third party service provider contracts mitigating risk to CIBC. Reporting to the Director, Contract Services Group, you will use CIBC’s Supplier Risk Management framework to draft contracts, attend negotiation sessions and provide advisory support to the Procurement Organization and internal CIBC business partners on supplier contracts.  A Senior Contracts Specialist is expected to manage a large number of medium to complex deals with competing priorities and be able to communicate status on workload with the Procurement Org team members that are being supported.

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

• Negotiation – lead negotiations on medium to complex deals to ensure the right protections for CIBC.
• Drafting Ability – Use CIBC’s supplier risk management framework to draft appropriate contract language. You also need to be able to articulate CIBC’s position during contract redlines and negotiation. If required, you will need to prepare clear, concise risk summaries for review and acceptance by business partners.
• Strategic Thinking Approach – You have a keen ability to provide insights, recommendations and strategic recommendations on contract negotiations based on CIBC’s supplier risk management framework and industry standards.
• Team Player and Leadership – Act both Collaboratively and Autonomously. You will manage a portfolio of deals working closely with Procurement, business and supplier partners as well as internal risk stakeholders and any other cross functional CIBC teams to achieve successful execution.
• Business Acumen and Relationship Building -  Forge strong relationships with CIBC’s various teams, by working with the business and internal partners, owning the end to end contracting process to deliver strong contracts with CIBC’s supplier partners.  You are a great communicator, with the ability to synthesize complex analysis, findings and recommendations, then package key messages for senior executives. You have a proven ability to partner, build confidence and influence multiple stakeholders at all levels across the organization and you’re a self-starter, with the ability to deal with ambiguity.

Who you are

• You have demonstrated experience in contracts management. You have at least 5 years of relevant experience in third-party contract management and negotiations in a regulated environment. It is an asset if you have formal education in Law
• You are collaborative.  You’re motivated by collective success. You know that teamwork can transform a good idea into a great one. You know that an inclusive team that enjoys working together can bring a vision to life.
• Detail oriented.  You know that details matter. You notice things that others don't. Your critical thinking skills help to inform your decision making.
• Your influence makes an impact. You know that relationships and networks are essential to success. You inspire outcomes by making yourself heard.
• 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 Mailbox.careers-carrieres@cibc.com

• 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

Archival Databases, Archival Management, Client Counseling, Corporate Records Management, Detail-Oriented, Fine Arts, Real Estate Management, Researching