Are you really sure you want an array? So far it looks like a map.
Might it be better to create a simple class that encorporates the 2 pieces of data and stores them in the array?
Then after that, i am splitting that string and stroing that in a array.
In that case I wouldn't be manually setting those names from the ID's.
I would either be looking up the title (Investment Accounting, etc..) from a given ID (IA, etc...).
There are a number of ways that you could do this; from a database, from a properties file, you could even use an enum if it is unlikely to change or you can hardcode it with if statements etc.
I just personally don't think going with the array you have there is the best idea.