financial services pre employment screening
Industry Compliant Financial Services Employee Screening
We work with every type of financial business globally – here are some of our specialist areas.
Financial Services and Banking
We have extensive expertise providing background screening services to the financial sector – screening employees at all levels up to and including UK Financial Conduct Authority Senior Manager and Certificated Roles for investment banks, hedge funds, stockbroker firms, insurance companies, banks, and other wealth management organisations.
We also conduct pre employment background screening checks for companies that provide products and services to firms regulated by the Financial Conduct Authority (FCA) including technology businesses, call centres and recruitment agencies.
The employee background checks include; financial probity, directorships, employment referencing (including FCA referencing), academic and professional qualifications verifications, criminal record searches, sanction, watch list and PEP checks, as well as searches of the Financial Services Register. Background screening checks are tailored to your differing levels of risk by role, marketplaces, customer requirements, regulators etc. Our extensive global client experience across all sizes of organisation means we can advise you on what pre-employment vetting and ongoing screening checks you should be doing.
Background screening checks are tailored to your differing levels of risk by role, marketplaces, customer requirements, regulators etc. Our extensive global client experience across all sizes of organisation means our employee checking service can advise on pre-employment vetting and ongoing screening checks.
SMCR Senior Managers And Certification Regime
The aim of SMCR is to strengthen market integrity and prevent consumer harm by focusing on robust governance, increasing senior manager accountability and setting better conduct standards for staff at all levels.
Credence helps firms comply with the FCAs main assessment criteria when determining a person’s honesty, integrity and reputation, by providing robust pre-employment screening checks that reflect the screening requirements of the FCA.
The minimum standard of pre-employment screening for a Senior Manager or someone appointed to a Certified role includes 6 years of employment referencing (FCA reference template), employment gap management, a criminal record search (Standard Disclosure for Senior Managers), credit check, directorship search, FCA Register check and validation of relevant academic and professional qualifications. In addition, many of our clients include negative media searches, searches of social media sites and sanctions, watchlist and PEP checks.
All completed case reports undergo a through quality control review to ensure client screening requirements are met.
International Financial Sector Screening
International financial services background screening checks are vital in today’s interconnected world. With the globalization of finance and the rise of digital transactions, financial institutions must ensure the integrity and trustworthiness of their employees and clients.
These checks involve a thorough examination of an individual’s financial history, criminal records, professional qualifications, and reputation in the industry.
They help identify potential risks such as fraud, money laundering, or conflicts of interest. Robust background screening practices not only safeguard the financial institution but also protect clients, shareholders, and the overall stability of the global financial system. Adhering to stringent screening standards fosters transparency, accountability, and trust within the international financial services sector.