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Chand Ranasinghe
Sr. Information Security Consultant - Supplier Risk Mgmt- Enterprise Security and Risk Services at CIBC
Professional Background
Chand Ranasinghe is a highly motivated and results-oriented professional with over 15 years of extensive experience in both B2B and B2C environments. He has established himself as a skilled team leader specializing in Contracts and Supplier Management, Information Security, and Third Party Risk Management. Chand's expertise spans across various industries, particularly within the Telecommunications and Banking sectors, where he has successfully led projects and initiatives that drive performance and growth. His unique combination of analytical thinking, quick learning ability, and technical knowledge allows him to navigate the complexities of operational and supplier management effectively.
Throughout his career, Chand has contributed significantly in several prominent roles, including his current position as a Senior Information Security Consultant specializing in Supplier Risk Management at CIBC. Here, he utilizes his deep understanding of Contract Development and Negotiations to ensure that third-party risks are effectively managed. His previous tenure as the Contracts and Supplier Governance Manager at Scotiabank further solidified his reputation as a trusted advisor in the supplier management realm, where he honed his skills in strategic sourcing, supplier relationship management, and compliance with contract law.
Chand’s profession is characterized by his commitment to process improvement and change management — two core competencies that are instrumental in today’s fast-paced business environment. His technical acumen extends to IT procurement and strategic sourcing, where he manages the lifecycle of supplier contracts, enabling businesses to reduce costs while maintaining high standards of quality and compliance.
Education and Achievements
Chand possesses a robust educational background in commerce and marketing, having studied at notable institutions that equipped him with the necessary skills to excel in his career. He previously studied Purchasing Management at the Purchasing Management Association of Canada (PMAC) /SCMA, which provided him with a solid foundation in procurement strategies and supplier relations. Additionally, he earned a Post Graduate Diploma in Marketing (DipM ACIM) from the Chartered Institute of Marketing in the UK, emphasizing his strategic marketing prowess and capability to manage product life cycles adeptly. Furthermore, his Bachelor of Commerce degree in Economics from the University of Colombo complements his extensive knowledge of business analysis and the telecommunications market.
Chand’s impressive track record includes key roles at leading organizations such as Shaw Communications and Rogers Communications. At Rogers Communications, he first joined as a Senior Business Analyst specializing in Performance Management, where he effectively analyzed business requirements and worked towards enhancing operational efficiency. His entrepreneurial spirit led him to progress rapidly within the company, eventually becoming the Product Manager for the Solutions Alliance Program. Here, he played a critical role in managing product offerings and ensuring alignment with market demands.
Throughout his career, Chand has consistently demonstrated his ability to drive cost-saving initiatives and improve supplier relationships, resulting in enhanced service delivery and procurement excellence.
Achievements
Chand Ranasinghe's career is marked by several notable achievements that reflect his commitment to excellence and leadership in the fields of supplier management and information security. He has successfully implemented supplier risk management frameworks that have enhanced compliance and mitigated risks across multiple organizations. His ability to negotiate contracts effectively has led to significant cost savings, making him an invaluable asset to his teams.
In his role at Scotiabank, Chand played a pivotal part in developing governance structures for managing third-party suppliers, which improved internal processes and stakeholder trust. His leadership in these initiatives has set benchmarks for best practices in supplier governance, ensuring that his organizations operate efficiently while maximizing value from suppliers.
Moreover, Chand’s expertise in business and financial analysis has empowered him to conduct comprehensive assessments that inform strategic decisions throughout his career. His thorough understanding of telecommunications technologies and trends has allowed him to align business strategies with market demands effectively.
In addition to his corporate accomplishments, Chand is also recognized for his contribution to developing insightful reporting mechanisms that translate supplier performance data into actionable strategies, further illustrating his unique combination of analytical skills and business acumen.
Overall, Chand Ranasinghe stands out as a dedicated professional whose diverse skill set and extensive experience make him a leader in supplier management, information security, and strategic sourcing. His journey is a testament to the impact of strong leadership, and his insights continue to inspire those around him to strive for success in their professional endeavors.
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