Vendor Risk & Financial Management Analyst (Contract)

ITRS; London; Hybrid; GBP 40,000 - 60,000; Full time

Job summary

Join a leading SaaS provider as a Vendor Risk & Financial Management Analyst on a 6-month contract. In this role, you will manage IT contracts, oversee cost management, and ensure compliance with regulations. This position offers a hybrid work schedule and is based in London, where you'll contribute to maintaining financial integrity and supporting audits.

Qualifications

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

Responsibilities

• Organise and manage third-party vendor contracts.
• Monitor project budgets and costs.
• Ensure compliance with regulations and standards.

Skills

Contract Management

Cost Management

Compliance

Communication

Education

Professional certification in contract management (e.g., CPCM)

Job description

Join to apply for the Vendor Risk & Financial Management Analyst (Contract) role at ITRS

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 help with important ISD controls to join our team. You will be someone who can ensure the accuracy and compliance of contracts, manage costs, supporting and maintaining financial integrity, Security and regulatory compliance.

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

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

Contract Management:

• Organise and agree third-party vendors' security contact details for current and new contracts for IT third-party vetting process.
• Ensure all contracts comply with company policies, legal requirements, and industry standards.
• Review and update data to help maintain our contract database.
• Monitor contract deadlines, renewals, and termination dates, and coordinate with relevant departments.

Cost & Administration:

• Monitor project budgets and costs to ensure adherence to financial constraints and company policies.
• Handle project administration related to costs, contract management, and vendor management including RFI & RFP.
• Review and analyze cost reports, forecasts, and budgets to identify cost-saving opportunities.
• Support the preparation of 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.

Compliance and Risk Management:

• Assist in gathering requirements for IT DR/BCP services and SLA requirements.
• Ensure compliance with relevant regulations, laws, and standards related to contracts and costs.
• Support the creation of procurement and contract frameworks and procedures.
• Identify potential contract risks and propose mitigation strategies.

Communication and Coordination:

• Facilitate communication between departments (legal, finance) for smooth contract execution and cost management.
• Provide training on contract management procedures and cost control measures.

Documentation and Reporting:

• Maintain organized records of contracts, reports, and related documents.
• Prepare regular reports on contract status, IT controls, financial performance, and cost variances for management.
• Support audits and provide necessary documentation.

Requirements

• 2+ years of experience in IT contract administration, cost management, or similar roles.
• Experience with cost management practices.

Preferred Qualifications

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

Benefits

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 strengthens our team.