Belfast Telegraph

Dozens of new posts on way with financial services outsource firm Financial Transparency Utility

By Margaret Canning

A total of 80 new jobs are being created in Belfast by a London-based financial services company.

The jobs are with outsourcing business Financial Transparency Utility (FinTrU), in a 'centre of excellence' in Belfast to support growth in the future.

The company provides financial regulatory processes to investment banks and other financial insitutions.

Recruitment is due to start straight away for the jobs, which include graduate, associate and supervisory posts and pay an average £23,750 a year.

Darragh McCarthy, FinTrU's chief executive, 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."

The investment by FinTrU is being supported by a total of £600,000 from Invest NI, and by £240,000 from the Department for Employment and Learning through its assured skills programme.

Mr McCarthy, who is a graduate of University College, Dublin, said the Government support for training would help bring the new Belfast staff 'up to speed' on regulatory and training issues.

Enterprise Minister Arlene Foster said Invest NI and DEL had been working for the past nine months to encourage the company to set up in Northern Ireland.

She added: "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."

Employment Minister Stephen Farry described FinTrU as a "new and exciting" financial services company.

"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."

FinTrU is the second firm in business services to announce a new centre in Belfast in recent weeks.

Recruitment specialist Alexander Mann Associates announced a global client service centre in the city earlier this month.

Belfast Telegraph