Business

Belfast cashes in on 160 more financial services jobs as FinTrU expands

Announcing the FinTrU jobs are its chief executive Darragh McCarthy (left) and Belfast office site head Stephen Shaw, pictured with Invest NI chief executive Alastair Hamilton
Announcing the FinTrU jobs are its chief executive Darragh McCarthy (left) and Belfast office site head Stephen Shaw, pictured with Invest NI chief executive Alastair Hamilton Announcing the FinTrU jobs are its chief executive Darragh McCarthy (left) and Belfast office site head Stephen Shaw, pictured with Invest NI chief executive Alastair Hamilton

FINANCIAL services business FinTrU is creating 160 jobs in Belfast over the next five years as part of a multi-million pound Invest NI-backed investment.

The company, which is based at FinTrU House, a 17,600 sq ft three storey building in the Gasworks area, established its Belfast centre of excellence in 2014, recruiting 80 staff in supervisory, associate and graduate posts.

And now it plans to expand by adding 60 experienced financial services staff and 100 graduate roles by 2021 to support its continued growth.

FinTrU provides outsourced knowledge services, including financial regulatory reporting, compliance and legal services, to investment banks and other financial institutions.

Its chief executive Darragh McCarthy said: “We're delighted with progress to date at our Belfast centre, where we recruited our initial 80-strong workforce nine months ahead of schedule.

“The continued impact of increased regulation and the ongoing emphasis on cost reduction within the financial services sector is creating scope for us to expand our client base. This expansion will allow us to put additional resources in place to grow our service offering and capitalise on these business opportunities.

“The supply of talent in Northern Ireland, particularly at graduate level, is impressive and, coupled with the support from Invest NI and Assured Skills, it makes this region a highly attractive location to grow our company.”

Invest NI has offered FinTrU £1.1million to support its recruitment activities and associated training costs. The company is also benefiting from £480,000 under the Assured Skills programme which supports its pre-employment training academy.

The jobs agency's chief executive Alastair Hamilton, said: “FinTrU is an ambitious enterprise with aggressive expansion plans and this recruitment drive underlines its confidence in Northern Ireland as an investment location.

“The 160 new roles to be recruited over the next five years will generate £4.2 million ayear in additional salaries and provide valuable jobs opportunities for graduates from a range of disciplines.

“The company is a strong contributor to our vibrant financial services sector and is reaping the benefits of our knowledgeable and engaged talent base to leverage growth opportunities in its key markets.

“FinTrU’s recent renovation work at its Belfast headquarters highlights a long term commitment to Northern Ireland and the employment and training support from government will enable the company to go from strength to strength.”