Embark Launches New Fintech Skills School in Dundee

Dundee based financial services firm Embark Group (Embark) today launches a brand new training facility in the city which promises to create a pipeline of high-value technology roles and inject fresh investment into the local economy. This facility is the latest part of a wider initiative, started in 2020, which aims to create 150 new jobs in Dundee.

The Dundee Tech School is situated within Embark's West Marketgait office and has initially recruited 12 graduates and career changers into junior software developer roles. Recruitment to the specialist positions is supported by an intensive eight-week training and development programme, in association with leading tech training organisation QA and Embark fintech specialists.

The Tech School will be led by Engineering Community Lead, Rose Ulldemolins, who brings first-rate expertise and experience; having been on an almost identical career trajectory as the participants. Rose will work alongside the Embark Engineering Team to design, develop, and implement the internal training programme.

The school, which is also being supported by Scottish Enterprise, will play a leading role in solving the acute skills and recruitment challenge for technology businesses nationwide. With its people-first approach, this initiative will frontload essential learning, empowering students to develop their confidence, and commercial productivity within six months. 1 in 10 new job openings in the UK are now technology related and Embark's tech school will help fill the gap in training for graduates and new starters interested in a career in technology in Dundee.

The programme provides participants with a permanent role and a highly competitive salary from the very start of their employment. It is designed to plug participants into the Embark business in Dundee for the long term, rapidly providing them with the skills necessary to excel in a career in technology.

Embark has a deep commitment to Dundee and is focused on helping to create a financial hub outside Scotland's central belt. Since becoming part of Lloyds Banking Group in 2022, Embark has continued to increase its investment in the local area, growing its customer service team and making Dundee its largest office in the UK with around 200 colleagues. Founding The Dundee Tech school is the latest example of Lloyds Banking Group's ongoing purpose of Helping Britain Prosper.

Jackie Leiper, CEO of Embark Group, commented:

"Dundee is world renowned as a centre of excellence for digital skills and innovation, so it makes perfect sense for us to nurture future talent right here in the city.

"I'm really excited about launching Embark's first school dedicated to bringing more young people into fintech roles, which will increase the digital skills base in the local economy. For companies like ours to grow and provide customers with first class digital services it's essential we have a pipeline of talented and skilled software developers, so I'm looking forward to inducting our first intake of students in a few weeks' time."

Mark Newlands, Interim Director of Global Investment at Scottish Enterprise, said:

"We're very happy to continue our long-standing support for Embark with the establishment of its Dundee Tech School. The facility will help ensure future employees have the right skills for the role, by providing them with the latest expertise and knowledge to support Scotland's dynamic and growing fintech sector. This project is also an example of partnership at its best, with business and the public sector working together to support high value employment in the local area."

ENDS

For further information, please contact:

Eduard Lewis
The Agency Partnership (Embark Media Relations)
Email: [email protected]

About Embark Group
Embark Group is a technology-driven, financial services business and one of the leading digital retirement solutions providers to the advised and institutional markets in the UK.

In April 2023, Embark Group was named a Wealth Tech 100 company for the fifth consecutive year. The Wealth Tech 100 highlights the most innovative WealthTech companies in the UK that are delivering transformative technology to asset managers, banks and financial advisers.

Embark Group has more than £35.2bn in assets under administration on behalf of c.396,000 individual clients, operating across eight UK locations (London, Bolton, Dundee, Edinburgh, Leeds, Leicester, Salisbury and Swindon).

In January 2022, Embark became part of Lloyds Banking Group, a leading UK based financial services group providing a wide range of banking and financial services.

embarkgroup.co.uk
All figures as of May 2023.

About Scottish Enterprise
Scottish Enterprise (SE) is Scotland's national economic development agency and a non-departmental public body of the Scottish Government. It supports businesses to innovate and scale to transform the Scottish economy by focusing on new market opportunities through targeted investment, innovation and internationalism. Follow us on X (formerly Twitter) and LinkedIn.