At CI, we see a great place to work as one that is a safe place for everyone to have a voice, where people are empowered to take ownership over meaningful work, where there is an opportunity to grow through stretching themselves, where they can work on innovative products and projects, and where employees are supported and engaged in doing so.
Reporting to the VP Controller, the Director of Procurement is responsible for developing and implementing Company wide procurement strategies, managing complex sourcing projects and overseeing the procurement process to ensure value and efficiency. This role adds meaningful value to the Company by identifying and delivering cost savings, enhancing process efficiency with technology, and mitigating third-party risk. The role oversees service and quality assurance, with responsibility for developing, implementing, monitoring and addressing performance metrics for Procurement operations.
The Director of Procurement will be based at CI’s head office at 15 York Street, Toronto, Ontario.
WHAT YOU WILL DO:
Procurement Strategy & Operating Model
- Define and execute the Procurement strategy and operating model.
- Establish procurement policies, standards, processes, and governance.
- Build Procurement capabilities, tools, reporting, and organizational structure.
- Drive adoption of procurement practices across the organization.
Vendor Lifecycle Governance
- Design and oversee end-to-end vendor lifecycle management processes.
- Establish controls, approval frameworks, and engagement models for third-party relationships.
- Ensure clear ownership and accountability across business stakeholders and control functions.
- Maintain vendor governance, documentation, and audit evidence standards.
Commercial Advisory & Business Partnership
- Act as a trusted advisor to business leaders on vendor strategy, commercial considerations, and supplier decisions.
- Support business owners with negotiations, contract renewals, and supplier-related matters as needed.
- Provide market intelligence, benchmarking, and procurement guidance.
Third-Party Risk & Regulatory Compliance
- Partner with Legal, Compliance, Risk, Privacy, Finance, and Technology to ensure appropriate third-party oversight.
- Embed regulatory and risk management requirements into procurement processes.
- Monitor compliance with procurement policies and governance requirements.
Supplier & Spend Oversight
- Develop supplier segmentation, governance, and performance management frameworks.
- Improve spend visibility, reporting, and vendor portfolio management.
- Identify opportunities for cost optimization, consolidation, and value realization.
- Track procurement performance, savings, and business outcomes.
WHAT YOU WILL BRING:
Education
- Undergraduate degree related to Business, Commerce and/or Supply Chain Operations
- A professional procurement designation is an asset
- Chartered Professional Accountant (CPA) designation (Canada) is an asset
Experience
- A minimum of 3-5 years of senior Procurement experience in complex environments
- Extensive experience in strategic sourcing, contracting, supplier program management, and internal controls
Knowledge/Skills/Abilities
- Demonstrated ability to communicate and collaborate effectively with individuals at all levels in the organization
- Strong analytical, technical and problem-solving skills
- Ability to manage multiple concurrent projects within established deadlines
- Conceptual thinker with strategic planning skills and initiative
- Excellent interpersonal and communication skills including verbal, listening, written and presentation skills
- High degree of discretion, judgement, sensitivity, tact and diplomacy
- Works independently with a strong work ethic
- Exceptional attention to detail and time management skills
- Expertise and ability to provide advisory services
- Strong relationship building skills
- Demonstrated ability to work in cross functional teams
- Ability to plan and lead discussions
- Team player who works collaboratively with colleagues
- Strong computer skills including advanced MS Excel
This role follows our in office work model and requires employees to be onsite four days per week to support collaboration and business needs.
This opportunity is for an existing vacancy with the company. The anticipated base salary range for this position is $93,000 to $143,000. Exact salary depends on several factors such as experience, skills, education, and budget. Salary range may vary based on geographic location. In addition to base salary, this position is eligible for participation in a bonus program. In addition, The Company offers a variety of benefits to eligible employees, including health insurance coverage, wellness programs, life and disability insurance, retirement savings plans, paid leave programs, education-related programs, paid holidays and vacation time, and many others. Many of these benefits are subsidized or fully paid for by the company.
CI Financial is an independent company offering global wealth management and asset management advisory services through diverse financial services firms. Since 1965, we have consistently anticipated and responded to the changing needs of investors. We are driven by a commitment to provide individuals and institutions with the highest-quality investments and advice. Our commitment to the highest levels of performance means that whatever their position, CI employees must be comfortable in a fast-paced environment that will stretch them to tap into their highest potential. Employees with a healthy dose of ambition, a desire to commit to a curious mindset for continuous learning, and a willingness to go the extra mile thrive at CI.
A Supportive Environment for Success
We offer an in-office environment, competitive benefits, and a supportive workplace to help our employees thrive both personally and professionally.
WHAT WE OFFER
- Modern HQ location within walking distance from Union Station
- Training Reimbursement
- Paid Professional Designations
- Employee Savings Plan (ESP)
- Corporate Discount Program
- Enhanced group benefits
- Parental Leave Top–up program
- Paid time off for Volunteering
We are focused on building a diverse and inclusive workforce. If you are excited about this role and are not confident you meet all the qualification requirements, we encourage you to apply to investigate the opportunity further.
Please submit your resume in confidence by clicking “Apply”. Only qualified candidates selected for an interview will be contacted. CI Financial Corp. and all of our affiliates (“CI”) are committed to fair and accessible employment practices and provide reasonable accommodations for persons with disabilities. If you require accommodations in order to apply for any job opportunities, require this posting in an additional format, or require accommodation at any stage of the recruitment process please contact us at accessible.recruitment@ci.com, or call 416-364-1145 ext. 4747.
