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

As the Director, Market Data Services on the Capital Markets Technology team, you will be responsible for enterprise market data functions, including strategy, governance, vendor management, cost control, and regulatory compliance. This role provides leadership across the organization to ensure market data is delivered efficiently, cost-effectively, and in compliance with contractual and regulatory obligations. You will own the end to end market data lifecycle, including onboarding, entitlement, usage tracking and termination. 

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 1-2 days per week on-site, while other days will be remote.

How you’ll succeed

People Leadership - You are a demonstrated people leader and have successfully managed small to medium sized teams. Lead, mentor, and develop a global market data team.Communication – Leverage multiple communication styles to keep all stakeholders informed of progress and outcomes.Negotiation strategy – Demonstrate leadership in negotiation strategy alignment and contract negotiations, as well as securing authorizations for agreement execution. You will be responsible for leading large Sourcing projects by creating the procurement plan, helping the business to define their needs, negotiating complex deals, and making sure that the business area is ready to manage the service delivery from the supplier.Administration and Governance - Ensure that business stakeholders and your partners in Procurement are equipped with accurate and timely information to make informed decisions. You will also be responsible for ensuring that the proper governance standards are followed and included in all contracts being signed; identifying key success factors and suggesting ways to improve the performance of your department; building and managing LOB relationships to enable the effective management and completion of Sourcing negotiations in your department.

Who you are 

You can demonstrate experience with at least 8 years of people leadership and market data management within a financial institution. Familiarity with market data inventory, entitlement, and usage monitoring tools (e.g. MDM systems, inventory platforms. Strong knowledge of market data vendors, exchanges, and licensing models. Proven experience managing enterprise-level vendor relationships and contracts.This includes developing negotiation tactics and deal management; Operating in a Professional Manner even in tense situations; Influencing without authority; Managing multiple deliverables under tight timelines. You are able to capture business requirements from various internal stakeholders and translate them into clear and concise supplier requirements. You demonstrate a strong understanding of the wealth and capital markets businesses, specifically as it pertains to market data; suppliers, data types, cross enterprise business consumers. You have completed a university degree in Business or Science.  An  MBA is preferredYou are a detail-oriented problem solver: You have exceptional analytical skills which you balance with a strategic mindset.You are a bold and accountable leader. You have experience developing and implementing strategic team goals. You have experience coaching employees and driving successful team performance.You are driven by collective success. You know that collaboration can transform a promising 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 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, 19th Floor

Employment Type

Regular

Weekly Hours

37.5

Skills

Corporate Services, Management Reporting, Procurement Services, Reporting and Analysis, Strategic Objectives, Vendor Management, Vendor Relationships, Work Collaboratively