Lula Kosanic MBA CPA
Maternity Leave at Maternity leave- Claim this Profile
Click to upgrade to our gold package
for the full feature experience.
-
French -
-
Spanish -
Topline Score
Bio
Ryan Ackers, MBA
I had the pleasure of meeting Lula at an orientation as we were both starting our careers with CIBC. She had just moved over from another company and was in a much more senior role than I was; but took the time to offer great advice over coffee that helped me build my career. Fast forward 4 years: I had moved into the Recruitment profession and began working with Lula as a client partner. I placed several candidates in her group, and each one mentioned how much they enjoyed working with Lula and her team. She built a great working environment for those reporting to her and enhanced the bank's strategic sourcing and vendor management functions significantly, ensuring the bank got the best bang for its buck. Most important to me: She was a pleasure to work with. Our opportunity to work together ended after I relocated to Calgary for business. But Lula will always be one of the best clients I've ever had the pleasure of working with. I believe her colleagues would echo this statement.
Lori Vaudry Tersigni, ICD.D
Lula is a great leader who can mobilize change and achieve tremendous results for the business.
Ryan Ackers, MBA
I had the pleasure of meeting Lula at an orientation as we were both starting our careers with CIBC. She had just moved over from another company and was in a much more senior role than I was; but took the time to offer great advice over coffee that helped me build my career. Fast forward 4 years: I had moved into the Recruitment profession and began working with Lula as a client partner. I placed several candidates in her group, and each one mentioned how much they enjoyed working with Lula and her team. She built a great working environment for those reporting to her and enhanced the bank's strategic sourcing and vendor management functions significantly, ensuring the bank got the best bang for its buck. Most important to me: She was a pleasure to work with. Our opportunity to work together ended after I relocated to Calgary for business. But Lula will always be one of the best clients I've ever had the pleasure of working with. I believe her colleagues would echo this statement.
Lori Vaudry Tersigni, ICD.D
Lula is a great leader who can mobilize change and achieve tremendous results for the business.
Ryan Ackers, MBA
I had the pleasure of meeting Lula at an orientation as we were both starting our careers with CIBC. She had just moved over from another company and was in a much more senior role than I was; but took the time to offer great advice over coffee that helped me build my career. Fast forward 4 years: I had moved into the Recruitment profession and began working with Lula as a client partner. I placed several candidates in her group, and each one mentioned how much they enjoyed working with Lula and her team. She built a great working environment for those reporting to her and enhanced the bank's strategic sourcing and vendor management functions significantly, ensuring the bank got the best bang for its buck. Most important to me: She was a pleasure to work with. Our opportunity to work together ended after I relocated to Calgary for business. But Lula will always be one of the best clients I've ever had the pleasure of working with. I believe her colleagues would echo this statement.
Lori Vaudry Tersigni, ICD.D
Lula is a great leader who can mobilize change and achieve tremendous results for the business.
Ryan Ackers, MBA
I had the pleasure of meeting Lula at an orientation as we were both starting our careers with CIBC. She had just moved over from another company and was in a much more senior role than I was; but took the time to offer great advice over coffee that helped me build my career. Fast forward 4 years: I had moved into the Recruitment profession and began working with Lula as a client partner. I placed several candidates in her group, and each one mentioned how much they enjoyed working with Lula and her team. She built a great working environment for those reporting to her and enhanced the bank's strategic sourcing and vendor management functions significantly, ensuring the bank got the best bang for its buck. Most important to me: She was a pleasure to work with. Our opportunity to work together ended after I relocated to Calgary for business. But Lula will always be one of the best clients I've ever had the pleasure of working with. I believe her colleagues would echo this statement.
Lori Vaudry Tersigni, ICD.D
Lula is a great leader who can mobilize change and achieve tremendous results for the business.
Experience
-
Maternity leave
-
Financial Services
-
300 - 400 Employee
-
Maternity Leave
-
Dec 2019 - Present
-
-
-
Personal Sabbatical
-
United States
-
Travel Arrangements
-
1 - 100 Employee
-
Personal Sabbatical
-
Jul 2018 - Dec 2019
-
-
-
RBC
-
Canada
-
Banking
-
700 & Above Employee
-
Senior Director - Global IT Procurement
-
Sep 2017 - Jun 2018
Position overview: ============== Recruited to RBC to lead Global IT Procurement, accountable for strategy, programs, and policy across all IT categories: Services, Software, Hardware, Telecom, Emerging Technologies My leadership scope entails: ~ 35 staff | $3BB OpEx ~ 200+ supplier & contractual arrangements across Canada, US, Caribbean, Europe, and Asia Success measured by results ====================== • Established team presence at RBC line of business planning discussions to enable stronger collaboration through a shared pipeline of deal activity, and early engagement on over 90% of deals, with dedicated line of business procurement specialists • Developed a three year procurement strategy to focus on key portfolios, with alignment across stakeholder groups, achieving 100% of year 1 savings target within nine months • Developed a new procurement model to include key stakeholders (finance, legal, business, suppliers), and achieved approval for roll-out across 80% of bank lines of business, enabling adoption of an inclusive and consistent process across key stakeholder groups • Regarded as “strong business advocate and advisor”, creating improved team brand across stakeholder groups Show less
-
-
-
CIBC
-
Canada
-
Banking
-
700 & Above Employee
-
Senior Director - Expense, Vendor, Asset Management
-
Feb 2015 - Aug 2017
Position overview:==============My portfolio quickly expanded as I took on the expense management and asset management teams in addition to my existing vendor management assignment. In each new area, I uncovered the weaknesses, established a strategy, and re-engineered for efficiencies.My leadership scope entails:~ 55 staff | $500MM OpEx | $1.5BB in assets~ 180+ supplier & contractual arrangements across Canada, US, Europe, and Asia~ 3,000+ contract transactions | 10,000+ invoice approvals | 2,000+ asset transactionsSuccess measured by results======================• Mediated $120MM savings during the renewal of a $1.4BB multi-year outsourcing contract• Formed the asset management governance model to ensure software compliance which halted millions in wasted spend, lowered risk exposure by $8.5M, and diminished software audits by 75%• Revamped expense and asset management to achieve a $10MM annual savings Show less
-
-
Senior Director - Vendor Management
-
Apr 2012 - Feb 2015
Position overview:==============This was a promotion to a new role specifically to create a governance model across all suppliers. Vendor management was in disarray with 400 expired contracts which I eliminated within 6 months.My scope involved:~ 30 staff | $350MM OpEx~ Service providers in Canada, US, Europe, and Asia (outsourcing, telecom, software and hardware support)Success measured by results======================• Attained a $17M annual reduction on the largest $200M outsourcing supplier contract• Devised a top 7 supplier strategy (= 90% of spend) generating $35M in combined annual savings• Regarded as the “Best of Breed” Vendor Management Office in CIBC Show less
-
-
Director - Outsourcing Strategy and Governance
-
May 2009 - Apr 2012
Success measured by results======================• Wrote the business case to achieve a mandated cost reduction on CIBC’s largest outsourcing agreement, concluding the $1.2BB agreement in 8 weeks with $44M in annual saving.• Decreased $200MM in annual spend by $34MM in three years across two benchmark opportunities• Recognized with the CIBC Annual Achiever Award in 2011
-
-
Director - Strategy and Business Management
-
Aug 2007 - May 2009
Success measured by results======================• Tightened telecom processes, rewriting >50%, to slash internal audit deficiencies by 80% in 1 year• Aligned contract management and financial forecasting to deliver a $20M savings on contract spend
-
-
-
Bell
-
Canada
-
Telecommunications
-
700 & Above Employee
-
Associate Director
-
May 1997 - Aug 2007
ASSOCIATE DIRECTOR – Contractor Negotiations, Enterprise Business Clients (2004 – 2007) MANAGER – National Contract Operations, Small Business & Enterprise Markets (2000 – 2004) MANAGER – National Procurement, Enterprise Business Market (1997 – 2000) Success measured by results ====================== • Contributed $1BB in contract revenue over 3 years; surpassed revenue targets by 10% • Established the requirements and rolled out a nation-wide process to ensure enterprise deal requests met SOX compliance effectively lowering approval escalations by 70% Show less
-
-
Education
-
Queens University
MBA, Business -
Institute of Corporate Directors
ICD.D Not-for-Profit -
Certified Management Accountants
CMA, Management Accounting -
University of Toronto
Hon BA, International Relations