Vendor Risk & Financial Management Analyst (Contract)

Itrs Insights; London; Hybrid; GBP 35,000 - 50,000; Full time

Job summary

A leading company in the SaaS sector is seeking a Vendor Risk & Financial Management Analyst for a 6-month full-time contract in London. The successful candidate will manage IT contracts, oversee costs, and ensure compliance with regulations. This role offers a hybrid work schedule and is ideal for individuals with a background in IT contract administration and cost management.

Qualifications

• At least 2 years of experience in IT contract administration or cost management.
• Experience with cost management practices.

Responsibilities

• Organise and verify vendor security contact details for contracts.
• Monitor project budgets and costs to ensure adherence to financial constraints.
• Assist in gathering requirements for IT DR/BCP services.

Skills

IT contract administration

Cost management

Compliance

Risk management

Communication

Education

Professional certification in contract management

Job description

Recognised as a Great Place to Work, ITRS is an Enterprise SaaS provider with industry-leading solutions. Our prestigious customer base includes 90% of the world's top investment banks. We are backed by leading private equity investors and are rapidly growing.

Our headquarters are in Shoreditch - London's tech hub – with offices in other UK and global locations from the Netherlands to Manila, NYC and Florida. We pride ourselves on a diverse, friendly, dynamic culture - with a focus on internal promotion and developing our people.

Scope of Role

We are looking for a systematic person to help with IT Controls, including organising IT Contracts, Costs, and supporting important ISD controls as part of our team. You will ensure the accuracy and compliance of contracts, manage costs, and support financial integrity, security, and regulatory compliance.

This role is based on a 6-month full-time contract. Reporting to our Global Head of IT at our London HQ, you will benefit from a hybrid work schedule.

As a Vendor Risk & Financial Management Analyst, you will:

1. Contract Management:
   • Organise and verify third-party vendor security contact details for current and new contracts during the IT third-party vetting process.
   • Ensure all contracts comply with company policies, legal requirements, and industry standards.
   • Maintain our contract database by reviewing and updating metadata.
   • Monitor contract deadlines, renewals, and termination dates, coordinating with relevant departments.
2. Cost & Administration:
   • Monitor project budgets and costs to ensure adherence to financial constraints and company policies.
   • Review and analyze cost reports, forecasts, and budgets to identify potential savings.
   • Assist in preparing IT financial budgets and reports.
   • Reconcile discrepancies in contracted services, invoicing, and payments with IT, vendors, and finance teams.
   • Support the termination of unnecessary IT contracted services.
3. Compliance and Risk Management:
   • Assist in gathering requirements for IT DR/BCP services and SLA specifications.
   • Ensure compliance with relevant regulations, laws, and standards related to contracts and costs.
   • Help develop procurement and contract frameworks and procedures.
   • Identify potential contract risks and suggest mitigation strategies.
4. Communication and Coordination:
   • Facilitate communication between departments such as legal and finance to ensure smooth contract execution and cost management.
   • Provide training and support to staff on contract management and cost control procedures.
5. Documentation and Reporting:
   • Keep organized and accurate records of contracts, cost reports, and related documents.
   • Prepare regular reports on contract status, IT controls, financial performance, and variances for management review.
   • Support audit processes by providing necessary documentation.

Requirements

• At least 2 years of experience in IT contract administration, cost management, or a similar role.
• Experience with cost management practices.

Preferred Qualifications

• Experience with common IT controls.
• Professional certification in contract management (e.g., CPCM) or related field.

ITRS is an Equal Opportunity employer. We celebrate diversity and are committed to creating an inclusive environment where all employees can thrive. We welcome applications from all community members, recognizing that a diverse workforce enhances our strength.

Apply for this Job

Please note that the ITRS Recruitment portal is powered by Workable. Use of the portal is subject to the privacy policy.