Senior Manager, Procurement

The incumbent builds and maintains critical supplier relationships, negotiates deals with high complexity and supports ongoing monitoring requirements.

About Us

CIBC Caribbean is a relationship bank offering a full range of market leading financial services through our Corporate Banking, Private and Business Banking and Wealth Management segments through its leading digital banking network and locations across the region. CIBC Caribbean is one of the largest regionally listed financial services institutions in the Caribbean.

Maintaining the delivery of exceptional service to our clients requires teamwork. Meet our team of professionals who support delivery across the region. This support requires collaboration, innovation, governance, effective tools, technologies and efficient processes. There are many business segments that comprise our Head Office: Audit, Legal, Finance, Human Resources, Risk Management. Bring your expertise to a team of professionals who bring value to the entire organization.

About the Role

The Senior Manager, Procurement supports the Associate Director with oversight and management of spend optimization and operation of the procurement (sourcing) function within the Bank. The incumbent builds and maintains critical supplier relationships, negotiates deals with high complexity and supports ongoing monitoring requirements. The incumbent is the point person for all compliance queries, including regulatory, audit, governance and control, collaborating with stakeholders to ensure suppliers are continually adhering to Bank and regulatory standards. The incumbent deputises for the Associate Director as assigned / required.

About Success

• Leads the negotiation strategy for critical and high complexity supplier agreements, confirming the underlying operational process is efficient and the spend profile is feasible.
• Guides & coaches, the team to develop the expertise and industry best practices in vendor management in conjunction with the Associate Director, in areas including contracting and negotiating best practices.
• Identifies opportunities to improve / enhance existing service level agreements / objective collaborating with stakeholders, including executives, contract owners, senior managers, Third-Party Risk Management, and parent company counterparts.
• Manages the delivery of sourcing projects, including developing and implementing commodity metrics in supplier contracts aligned with business trends and practices, prioritising deliverables in conjunction with the Associate Director.
• Creates & leads teams to address significant sourcing issues, working with stakeholders.

About You

• Degree in a banking or business-related field, master’s an asset.
• Project Management or Agile certification and / or knowledge of agile process / methodology.
• 5-8 years’ experience in procurement or supply chain management with at least 3 – 5 years in a leadership or senior management role.
• Knowledge of legal principles dealing with contract language and requirements.
• Demonstrated success in leading negotiations with suppliers to develop win / win strategic relationships, and to influence and manage competing interests.
• Knowledge of ASP, SaaS or Cloud, and IT Services based contracts would be an asset.
• Experience in local regulatory requirements and framework regarding outsourcing arrangements for financial institutions in the Caribbean.

About our Offer

We use the same innovation and vigour for our benefits and reward package. It is attractively structured, and performance bonuses are offered. You will have a challenging, diverse experience with opportunities for professional growth. We value agility, collaboration, integrity, sense of ownership and urgency.

The position can be in Bahamas, Barbados, Cayman, or Trinidad.

Applications with detailed resumes should be submitted no later than September 10^th, 2025