Vendor Risk & Financial Management Analyst (Contract)
Vendor Risk & Financial Management Analyst (Contract)

Vendor Risk & Financial Management Analyst (Contract)

London Temporary 36000 - 60000 £ / year (est.) Home office (partial)
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At a Glance

  • Tasks: Manage IT contracts, monitor costs, and ensure compliance with regulations.
  • Company: Join ITRS, a top SaaS provider for leading investment banks, based in Shoreditch.
  • Benefits: Enjoy a hybrid work schedule and a supportive, diverse culture focused on growth.
  • Why this job: Be part of a dynamic team that values internal promotion and professional development.
  • Qualifications: 2+ years in IT contract administration or cost management; certification preferred.
  • Other info: This is a 6-month full-time contract role with opportunities for learning and growth.

The predicted salary is between 36000 - 60000 £ per year.

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: 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. 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. 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. 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. 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. #J-18808-Ljbffr

Vendor Risk & Financial Management Analyst (Contract) employer: Itrs Insights

ITRS is an exceptional employer, recognised as a Great Place to Work, offering a dynamic and inclusive culture that prioritises employee development and internal promotion. Located in Shoreditch, London's vibrant tech hub, employees benefit from a hybrid work schedule and the opportunity to collaborate with top-tier clients in the financial sector, ensuring meaningful and rewarding work experiences.
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Contact Detail:

Itrs Insights Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Vendor Risk & Financial Management Analyst (Contract)

✨Tip Number 1

Familiarise yourself with IT contract management and compliance standards. Understanding the specific regulations and industry standards that ITRS adheres to will give you an edge in discussions during interviews.

✨Tip Number 2

Network with professionals in the financial management and IT sectors. Engaging with individuals who work at ITRS or similar companies can provide insights into the company culture and expectations for the role.

✨Tip Number 3

Prepare to discuss your experience with cost management practices in detail. Be ready to share specific examples of how you've successfully managed budgets and identified savings in previous roles.

✨Tip Number 4

Showcase your communication skills. Since the role involves facilitating communication between departments, be prepared to demonstrate how you've effectively coordinated with various teams in past experiences.

We think you need these skills to ace Vendor Risk & Financial Management Analyst (Contract)

Contract Management
Cost Management
Financial Analysis
Regulatory Compliance
Risk Assessment
Attention to Detail
Communication Skills
Organisational Skills
Project Budgeting
Data Management
Problem-Solving Skills
Documentation Skills
Collaboration Skills
IT Controls Knowledge
Training and Support

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights relevant experience in IT contract administration and cost management. Use specific examples that demonstrate your skills in compliance, risk management, and communication.

Craft a Strong Cover Letter: Write a cover letter that addresses the key responsibilities of the Vendor Risk & Financial Management Analyst role. Emphasise your systematic approach to managing contracts and costs, and how your experience aligns with ITRS's values.

Highlight Relevant Experience: In your application, clearly outline your experience with IT controls and any professional certifications you hold. Mention any specific projects where you successfully managed vendor relationships or financial reporting.

Proofread Your Application: Before submitting, carefully proofread your application for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial for this role.

How to prepare for a job interview at Itrs Insights

✨Understand the Role

Make sure you thoroughly understand the responsibilities of a Vendor Risk & Financial Management Analyst. Familiarise yourself with contract management, cost administration, and compliance requirements as outlined in the job description.

✨Showcase Relevant Experience

Prepare to discuss your previous experience in IT contract administration or cost management. Highlight specific examples where you've successfully managed contracts or budgets, and how that experience aligns with the role.

✨Demonstrate Communication Skills

Since this role involves facilitating communication between departments, be ready to provide examples of how you've effectively communicated with different teams in the past. This could include training staff or coordinating with legal and finance departments.

✨Prepare Questions

Have a few insightful questions ready to ask at the end of the interview. This shows your interest in the role and the company. You might ask about the team dynamics, the tools they use for contract management, or how success is measured in this position.

Vendor Risk & Financial Management Analyst (Contract)
Itrs Insights
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