US Chief Procurement Officer (Senior Director)

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 US Senior Director, Procurement is responsible for leading the end-to-end procurement function for CIBC’s US Region, overseeing centralized intake, category strategy, supplier selection, negotiation, contracting, supplier performance, invoice management, and lifecycle governance. This leadership role is a key member of the Global Procurement team and a champion of the TPM 360 transformation, driving modernization of the Procurement and Third-Party Management Lifecycle (TPML) to enhance agility, reduce manual processes through digital solutions, improve transparency, manage risk, and deliver outstanding stakeholder and supplier experiences.

The position is accountable for optimizing procurement capabilities, supplier management, and contracting across the US Region, ensuring value for money and compliance with service level agreements. The role also manages supply chain efficiency and effectiveness, risk minimization, and contingency planning with secondary suppliers.

Additionally, the US Senior Director, Procurement leads the US Affiliate Management process, including all intercompany arrangements within the US Region and between the Parent and US entities. Responsibilities include planning, maintaining, identifying, negotiating, and contracting intercompany arrangements, ensuring effective and optimized affiliate program operations and alignment with service level objectives.

How You’ll Succeed

Governance & Risk Management:

• Manage and monitor effective governance of US procurement and affiliate management initiatives, including policies, operating frameworks, continuous improvement, and risk mitigation aligned with enterprise standards.

• Ensure compliance with CIBC’s Code of Conduct, Risk Appetite, policies, and controls; support audits and timely remediation.

• Monitor country risk and provide recommendations regarding international suppliers.

Procurement Leadership:

• Serve as the single point of contact for third-party demand in the US, establishing centralized intake processes and consistent category strategies.

• Oversee consistent application of procurement methodology across outsourcing and sourcing initiatives.

• Build procurement capabilities and optimize supplier and contracting processes.

Stakeholder Engagement:

• Develop and maintain strong relationships with US SBU/LOB leaders, enterprise partners, and external suppliers.

• Execute procurement initiatives supporting internal business requirements and manage project progress with external suppliers.

• Ensure agreements with external partners balance strategic advantage, commercial value, quality, and risk.

Transformation & Digital Enablement:

• Lead US execution of TPM 360 objectives, including operating model documentation, KPI/SLA definition, fast-path risk and contracting models, escalation paths, and procurement value dashboards.

• Champion digital enablement, automation, and AI to reduce manual work and improve transparency and user experience.

• Conduct self-assessment and industry benchmarking to refine the US TPML roadmap and prioritize quick wins.

• Supplier & Affiliate Management:

• Provide market analysis and benchmarking to demonstrate value for money and leading procurement practices.

• Increase US spend under management through proactive category strategies.

• Co-manage strategic, high-spend, mission-critical vendors with business leaders.

• Develop and manage supplier performance programs, including scorecards, SLAs, reviews, and corrective actions.

• Manage relationships with CIBC Legal and external legal partners for efficient negotiation and contract lifecycle management.

• Lead the US Affiliate Management process for intercompany arrangements, ensuring optimal value and service delivery.

Key Metrics

• Team leadership of senior category managers, support staff, and Affiliate Management team.

• Success measures tracked via dashboards: cycle-time reduction, cost savings, spend under management, supplier performance, SLA attainment, stakeholder experience, risk/compliance, automation/adoption rates.

• Participation in relevant councils and committees (Affiliate Management Council, Third Party Operating Council, Procurement Senior Leadership Team).

Cross-Functional Relationships

• Internal: Heads of US SBUs/LOBs and their teams, ensuring alignment of procurement solutions with business requirements.

• Enterprise Partners: TPGO, Technology, GORM, Legal, Finance/AP, and related control groups for joint accountability and effectiveness.

• External: Suppliers, vendors, and partners supporting procurement of goods and services.

• People Leadership Accountabilities

• Drive positive experience for clients and employees, embodying CIBC’s values: Always Professional, Radically Simple, Genuinely Caring.

• Hire, develop, and manage performance of team members, providing development opportunities and fair feedback.

• Ensure compliance with policies and controls, applying them consistently.

Who You Are

You demonstrate experience in the following areas:

• Comply with all applicable CIBC and Line of Business policies, guidelines, and controls.

• Ensure team compliance with all relevant policies and standards.

• Own key vendor relationships and contracts; manage escalations related to supplier onboarding, risk, benchmarking, and contracting delays within delegated authorities.

• Serve as Policy Owner (US) for procurement-related policies.

• Key Capabilities

• Extensive knowledge of the financial services industry and experience as a senior strategic leader within large organizations.

• Proven change leadership and experience in multi-function operating model transformations.

• Expert service delivery, category management, and strategic sourcing skills.

• Ability to drive transformational change and co-manage strategic vendors.

• Innovative thinker with advanced analytical and problem-solving abilities; adept at applying digital, data, automation/AI solutions.

• Superior leadership, people management, and influencing skills.

• Advanced presentation and relationship-building abilities; executive presence to advise senior leaders.

• Strategic vision with ability to manage complexity and hands-on execution.

• Ownership of decisions and actions, keeping stakeholders informed and focused on corporate objectives.

• You act like an owner. You thrive when you're empowered to take initiative, go above and beyond, and deliver results.

• You give meaning to data. You enjoy investigating complex problems and making sense of information. You communicate detailed information in a meaningful way.

• You put our clients first. You engage with purpose to find the right solutions. You go the extra mile because it's the right thing to do. You have the ability to collaborate with traders, business analysts, and other developers.

• 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 working in Agile/Scrum teams.

CIBC offers a competitive total rewards package. The expected salary range for this role is $250,000 - $350,000, based on experience, qualifications, and location. The successful candidate may be eligible for incentive compensation and discretionary bonuses. CIBC provides a comprehensive benefits program, including Medical, Dental, Vision, Health Savings Account, Life Insurance, Disability, Paid Time Off (Sick, Parental, Vacation), Holidays, 401(k), and additional perks for team members.

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*, 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

  [email protected]

• 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, 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

IL-70 W Madison St, 8th Fl

Employment Type

Regular

Weekly Hours

40

Skills

Cost Effectiveness Analysis, Customer Experience (CX), Employee Experience, Leadership, Process Changes, Project Delivery, Project Management Oversight, Results-Oriented, Strategic Objectives, Strategic Projects