Contract Specialist
Contract Specialist
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Job Description
Were building a relationship-oriented bank for the modern world. We need talented passionate professionals who are dedicated to doing whats 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
What youll be doing
Reporting to the Senior Manager the Contract Specialist must be able to provide advice and guidance on both routine and complex matters. The ideal candidate for this role should have a strong understanding of contract drafting; negotiation; contract law and demonstrate sound judgment to assist in the recommendation of approaches to resolving strategic or tactical issues.
At CIBC we enable the work environment most optimal for you to thrive in your role. Youll have the flexibility to manage your work activities within a hybrid work arrangement where youll spend 1-3 days per week on-site while other days will be remote.
How youll succeed
Review key business requirements and draft agreements using CIBC templates as applicable. Review and revise supplier documentation to conform with CIBC required standard terms and conditions;
Coordinate with supplier and internal stakeholders to draft required revisions to the satisfaction of all parties; Prepare final documentation package to facilitate contract approvals and contract signature and/or countersignature whilst ensuring that requisite due diligence related to vendor verification and spend approvals/limits are obtained) in compliance with CIBC policies and procedures. Prepare final vendor document package to ensure record management requirements are met as required.
Update contract management tool weekly to ensure deals assigned are reflected on the capacity tracking report used to track deals. Create maintain and update correspondence logs for each contract. Logs include but not limited to; formal communications emails etc. Maintain integrity accuracy accessibility and reliability of contract documents data and information and associated reporting.
Who you are
- Youre passionate about people. You find meaning in relationships and surround yourself with a diverse network of partners. You build trust through respect and authenticity.
- You embrace and champion change. Youll continuously evolve your thinking and the way you work in order to deliver your best.
- Your influence makes an impact. You know that relationships and networks are essential to success. You inspire outcomes by making yourself heard.
- Youre 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.
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
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 tests (such as simulation coding French proficiency MS Office). 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 34th FloorEmployment Type
RegularWeekly Hours
37.5Skills
Accountability Adaptability Attention-to-Detail Collaboration Contract Documentation Contract Management Contract Writing Detail-Oriented Documentations Due Diligence Electronic Records Management (ERM) Formal Communications TeamworkRequired Experience:
Unclear Seniority
Employment Type
Full-Time
