CIBC · 1 day ago
US Chief Procurement Officer (Senior Director)
Chicago, IL
Full-time
Onsite
Lead/Staff
$250K/yr - $350K/yrCIBC is building a relationship-oriented bank for the modern world and is seeking a US Senior Director of Procurement. This role is responsible for leading the procurement function for CIBC’s US Region, optimizing procurement capabilities, supplier management, and ensuring compliance with service level agreements.
BankingCredit CardsFinancial Services
Responsibilities
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
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
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
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
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
Qualification
Required
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
Benefits
Medical
Dental
Vision
Health Savings Account
Life Insurance
Disability
Paid Time Off (Sick, Parental, Vacation)
Holidays
401(k)
Additional perks for team members
Company
CIBC
CIBC is a financial service company that offers business solutions.
Founded in 1867
10001+ employees
Funding
Current Stage
Public CompanyTotal Funding
$3.08B2026-01-09Post Ipo Debt· $700M
2025-09-22Post Ipo Debt· $325.48M
2025-07-09Post Ipo Debt· $750M
Leadership Team
David Garnier Nova Scotia
Vice President
Ozge Yeloglu
VP Enterprise Advanced Analytics
Recent News
2026-02-06
2026-02-04
2026-02-03
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