Published Monday, 21 July 2014
Minister Foster and Minister Farry with FinTru CEO Darragh McCarthy. (© Presseye)
Financial Transparency Utility (FinTrU) Ltd is creating a centre of excellence in the city to support its growth plans.
The firm provides outsourced financial regulatory processes to investment banks and other financial institutions.
The recruitment process is beginning immediately with positions to be filled by 2016.
Enterprise Minister Arlene Foster and Employment Minister Stephen Farry made the announcement on Monday.
Ms Foster said: "The financial services sector is an important driver of growth in Northern Ireland and the new jobs announced today will generate £1.9m for the local economy. The roles will be a mix of supervisory, associate and graduate posts and will provide excellent employment opportunities.
"Invest Northern Ireland's international investment team and the Department for Employment and Learning's Assured Skills team worked closely with FinTrU over the past nine months to encourage the company to select Northern Ireland as a location for the new centre.
"The company's decision was also influenced by the availability of good quality graduate talent and our cost-competitive business environment. This investment reflects the confidence that international companies have in Northern Ireland's ability to deliver."
Invest NI has offered over £480,000 of support for the new jobs, and almost £120,000 through its Skills Growth Programme. The Department of Employment and Learning also offered £240,000 through its Assured Skills Programme.
Employment and Learning Minister Dr Stephen Farry added: "FinTru is a new and exciting Financial Services company and I welcome the jobs announcement today. Assured Skills funding from my Department will ensure that FinTrU has the necessary support for training initiatives to develop the skills required for these new roles.
"The Financial Services Sector is an important sector which can help local businesses in other sectors to expand and grow, as we work towards rebalancing the economy. This investment is further proof that Northern Ireland is a good place to invest and recognition by companies based outside Northern Ireland, that we have a highly educated and skilled workforce in place to support their business needs."
Darragh McCarthy, FinTru's Chief Executive Officer, said: "With increasing regulatory requirements within the financial services sector, we identified an opportunity to provide process outsourcing to help companies achieve transparency and compliance.
"We're confident that we will find the calibre of staff we require in Northern Ireland to help us exploit the market opportunities."
© UTV News