Financial services company to hire 29 workers in expansion

NORTHERN Ireland’s reputation as a financial services technology hub has been boosted by the addition of 29 new jobs. Funds-axis is creating the posts at its Weaver Court base in South Belfast with the help of £145,000 worth of Invest NI support. The expansion will help service clients across the UK, Europe and US and will bring £742,000 in additional annual salaries a year. The figure works out at an average of just over £25,000 a year for each employee. Funds-axis chief Darren Burrows said the business is continuing to expand. He added: “These new jobs will support the continued growth of our investment compliance, risk and regulatory reporting business.” Mr Burrows said the support from Invest NI is enabling the firm “to strengthen both our management team and our risk and compliance team, ensuring we are well placed for continued future growth.” Funds-axis customers are typically large financial institutions across Europe and the US, which are faced with a rising level of financial regulation. Jeremy Fitch, Invest NI’S executive director of business and sector development, said Northern Ireland is cementing its place of the fintech map. He added: “Funds-axis is one of a growing number of regulatory technology companies within our financial services sector. “The company’s product strategy has fuelled its expansion in recent years and is central to its current growth strategy, which will see Funds-axis take its headcount from 18 to 47 over the next three years.” The jobs on offer range from risk and compliance roles to positions in HR, marketing and finance. Mr Fitch said: “This is the latest in a number of recent investments in the sector, showing Northern Ireland is strengthening its position as a hub for financial technology services.”