## About the Role

We are looking for a Financial Analyst who will make the Bank’s and Group’s IT costs transparent, traceable, and allocated across products. The role exists to help the organization achieve more with the same resources by improving visibility into where technology spend goes and what value it delivers.

This position goes beyond reporting. You will be expected to analyze IT cost structures, identify opportunities for smarter spending, and propose practical improvements based on data.

You will work closely with IT leadership and the Finance Director’s team, contributing to budgeting, forecasting, and decision-making around IT investments and cost control.

## Key Responsibilities

– Build a clear view of Bank and Group IT costs and help determine the real cost of products and technologies
– Monitor the IT budget, analyze variances, and provide data-driven insights to management
– Track and review costs related to licenses, cloud services, and AI tools, identifying opportunities for more efficient spend
– Assess the financial justification of IT projects, including total cost of ownership and payback period
– Evaluate whether IT investments have delivered the expected results
– Work with IT leadership to improve budgeting, project prioritization, and cost management practices
– Automate cost tracking and reporting
– Contribute to the preparation of the Bank’s budget and financial forecasts

## Required Skills

– Higher education in finance, economics, IT management, or a similar field
– At least 3 years of experience in financial analysis, planning, controlling, auditing, or consulting
– Understanding of IT cost structures, including licenses, cloud services, supplier contracts, and IT projects
– Strong understanding of profit and loss, balance sheet, and cash flow
– Excellent MS Excel skills and experience building financial models
– Ability to work with large, messy datasets and identify patterns in them
– Confidence to challenge existing ways of working and suggest concrete, measurable improvements
– Ability to explain financial information clearly to IT colleagues and other non-finance stakeholders

## Preferred Skills

– Experience in IT cost control, IT finance partnering, or cloud cost management
– Experience with cost allocation models by product, department, or legal entity
– Understanding of IT project portfolio management and prioritization practices
– Experience with Power BI, SQL, or other data analysis and automation tools
– Understanding of artificial intelligence tool pricing models

## Cloud Platforms & Technologies

### Cloud and Cost-Related Concepts
– Cloud services
– AI tools

### Data and Analytics
– Power BI
– SQL

### Productivity Tools
– MS Excel

## FinOps Responsibilities

– Monitor and analyze IT spend across licenses, cloud services, and AI tools
– Improve visibility into IT costs and support cost allocation across products
– Assess total cost of ownership and payback for IT investments
– Support better budgeting, forecasting, and cost governance
– Identify opportunities to spend more efficiently through data analysis and cost review
– Automate cost reporting and tracking

## Benefits

– Direct influence on how the bank spends money, with regular collaboration with IT and Bank leadership
– Role within the Finance Director’s team, with ideas feeding into decisions
– Opportunity to contribute to improving the financial environment in Latvia as part of a new and promising bank
– Professional, responsive, and energetic team environment, plus team-building events
– Modern A-class office in central Riga at the VERDE office complex
– Hybrid working arrangement
– Daily fresh fruit, coffee, tea, and snacks in the office
– Extra days off and support in various life situations
– Private health insurance
– Pension pillar 3 contributions
– Paid telecommunications services after the probation period
– Salary from EUR 3,500 to EUR 4,000 gross per month, depending on experience and competencies

## Why You Might Be Interested

This role offers a strong combination of financial analysis, IT cost management, and decision support in a banking environment. It is well suited to someone who wants to work closely with both Finance and IT leadership and have a visible impact on budgeting and investment decisions. The position also includes hands-on responsibility for improving cost transparency, forecasting, and reporting. With a hybrid setup, a central Riga office, and a clear salary range, it provides a structured and practical opportunity for an experienced finance professional.