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Strategic Partnership Manager

Job in Toronto, Ontario, C6A, Canada
Listing for: Manulife Financial
Full Time position
Listed on 2026-08-22
Job specializations:
  • Business
    Regulatory Compliance Specialist, Risk Manager/Analyst, Business Analyst, Supply Chain & Logistics
Salary/Wage Range or Industry Benchmark: 92900 - 142900 CAD Yearly CAD 92900.00 142900.00 YEAR
Job Description & How to Apply Below

As a Strategic Partnership Manager, you will play a critical role in leading initiatives, driving high value vendor relationships, optimizing third‑party performance, and enabling strong business outcomes through strategic sourcing, contracting, partnership management and governance. You will collaborate across multiple business areas to ensure competitive agreements are secured, manage risks effectively, and deliver exceptional service to our internal stakeholders, customers and vendors.

Key success factors for this role include effective contract execution, risk mitigation, vendor performance outcomes, stakeholder satisfaction, and achievement of commercial objectives.

Key Accountabilities Vendor Contracting
  • Provide leadership and subject matter expertise across procurement, business projects and outsourcing initiatives, including the development, end‑to‑end negotiation, contract drafting, risk concurrence and management of high value contracts.
  • Lead end‑to‑end contracting activities with key stakeholders across Business Units, Procurement, Vendor Information Security, Legal, Risk, and Vendor Governance, including RFIs (Requests for Information), RFPs (Requests for Proposals), MSAs (Master Service Agreements), SOWs (Statements of Work), amendments, change requests, work orders, and NDAs (Non‑Disclosure Agreements).
  • Ensure best‑in‑class service delivery and competitive commercial agreements by engaging appropriate stakeholder groups, optimizing total cost of ownership, driving long‑term partnership value, and adhering to required project, operational, procurement, and risk frameworks.
  • Function as a trusted advisor, ensuring alignment with all Procurement policies, sourcing best practices, and enterprise standards related to contracting.
Relationship Management
  • Build proactive and trusted partnerships with business stakeholders, Procurement, Legal, Risk, and Vendor Governance teams to identify cost‑effective, innovative solutions that enhance product and service delivery.
  • Partner closely with Vendor Governance Risk Management, Vendor Information Security Management, Operational Risk, Data Governance, Legal and other required stakeholders to appropriately assess, mitigate, and manage third‑party risk (including supporting the following activities: third‑party risk assessments, business continuity planning, concentration risk analysis and exit planning activities).
  • Build collaborative relationships with vendors and serve as a key liaison between vendors and business units to foster strong collaboration, maintain strategic alignment, and ensure vendors are positioned to deliver optimal performance and innovation.
Vendor Performance Management
  • Oversee vendor stakeholder compliance with all enterprise risk policies and ensure that vendors meet requirements set out by Vendor Governance—such as risk assessments, performance scorecards, audits, and business continuity planning.
  • Develop deep expertise in existing and future contracts, ensuring a full understanding of vendor obligations, KPIs (Key Performance Indicators) and SLAs (Service Level Agreements).
  • Establish, track, and report on KPIs, SLAs, contractual obligations as well as strategic objectives to measure vendor performance and identify gaps or issues requiring corrective action.
  • Conduct regular performance reviews, operational meetings, working group meetings, and touchpoints to ensure strategic alignment, address emerging issues, and strengthen vendor accountability.
Issue Management
  • Lead the resolution of major service disruptions related to contracted services, working with business stakeholders and vendors to restore service quickly and effectively.
  • Act as the primary escalation point for complex vendor related issues and disputes, driving root cause analysis and long‑term corrective actions.
Qualifications &

Experience:
  • Bachelor’s degree or equivalent business experience, with 5+ years of experience Strategic Partnerships, Insurance, and Contracting; experience in Vendor Management, Procurement, or Strategic Sourcing would be an asset.
  • Strong knowledge of Insurance business, operations, procurement processes, sourcing methodologies, contract law, as…
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