80 financial services roles announced

Published Monday, 21 July 2014
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A London-based financial services company is creating 80 new jobs in Belfast.

80 financial services roles announced
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
Comments Comments
Ulster in Ulster wrote (188 days ago):
Have to laugh at people moaning in the west.. And in other news protesting about fracking which could be a massive boost to your area. Never happy
Suzanne in Derry wrote (189 days ago):
More high end jobs for Belfast! What about Derry the unemplyment blackspot of Northern ireland? All we get is call centre jobs.
Niall in Tyrone wrote (189 days ago):
Belfast again, what about us in the west? It's ok when you want us to vote for you, but when it comes to giving us job opportunities then we suddenly become irrelevant
Alan in Enniskillen wrote (189 days ago):
All smiles again in Belfast, WHAT ABOUT THE WEST OF THE COUNTRY?
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