Banking & Finance

Pre-employment screening is commonplace in the financial services sector, largely because of the unparalleled access to sensitive personal and financial data. Turnaround time, Data Security, Quality, Level of Detail, and Accuracy of information are at the top of the list when choosing a background checking partner.

FSA Requirements:

BackCheck fully understands the importance of implementing a thorough screening programme when dealing with banking and finance candidates.  Our tailored packages enable your company to be fully compliant with the FSA by determining if your candidate is fit and fully qualified for the role they will be moving into. We offer packages for controlled and non-controlled positions to suit the level of detail and information that you require.

As per the FSA’s requirements, our packages are designed to assess the honesty, integrity, reputation, competence, capability and financial soundness of your candidates. Our HR Interviewing teams are fully trained in the requirements surrounding controlled function positions and therefore are able to investigate the candidate’s background appropriately.

People, Process & Technology combine to deliver quality results

BackCheck has taken the time and invested resources to hire and train professional interviewers who use our world-class technologies to deliver timely, accurate information:

• Entry-level staff through to the C-Suite – Customised packages and service delivery methods to meet your requirements.
  
  
• Multi-site implementation – Ordering and reporting systems designed for the largest scale, allowing you easy but secure access to information at the branch and national level.
  
  
• International Checks – many qualified candidates now come from overseas.  Read about our Global Solutions, which are chosen by many of our banking and finance customers.

As consumers become more aware of security threats and identity theft, it is increasingly important for firms in the financial sector to thoroughly screen their employment candidates. Poor credit histories, records of fraud or theft, and substandard work performance are commonly revealed during the background check process.

Examples of the services we offer for our financial clients include:

Financial Package:

• Credit Bureau Enquiry with Electoral Roll and ID Verification- 18% of applicants have an alias, poor credit, or other flag in their credit*
• Investigative Reference Checks - 31% of references supplied to us have Red Flags that you will want to know about*
• Employment Verification - 30% of CVs contain embellishments, or outright fabrication*
• Education Verification & Credential Verification - 8% of applicants misrepresent their education*
  

Controlled Function Financial Package:

• Standard Criminal Disclosure - 20% of applicants will have red flags
• Financial Reference Checks - 31% of references supplied to us have Red Flags that you will want to know about*
• Controlled Function Employment Verification - 30% of CVs contain embellishments, or outright fabrication*
• FSA Register and Disciplinary Search
  

To further protect their organisation, some have chosen:

• Public Safety Verification/Terrorist Watch List

* Statistics provided are taken from analysis of BackCheck's Banking & Finance clients.