US Senior Director- Procurement

CIBC • Chicago, IL

9d • $200,000 - $300,000

About The Position

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.

Requirements

• 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.
• 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.

Responsibilities

• 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.

Benefits

• CIBC offers a competitive total rewards package.
• The expected salary range for this role is $200,000 - $300,000, 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 This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: No Education Listed