80 Finance Jobs Announced

80 jobs are to be created in Belfast by a London-based financial regulator through the establishment of a new centre of excellence.

Financial Transparency Utility (FinTrU) Ltd. provides outsourced financial regulatory processes to investment banks and other financial institutions. The company is creating a centre of excellence in Belfast to support its growth plans.

Enterprise Minister Arlene Foster said: "The financial services sector is an important driver of growth in Northern Ireland and the new jobs announced today will generate £1.9million 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."

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 has offered £240,000 through its Assured Skills Programme.

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. We plan to begin recruiting immediately and have all the positions in place by 2016. In addition, the excellent government support for training that has been offered to us will enable us to quickly bring staff up to speed on regulatory and technical issues."

(IT/CD)