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.
Nationwide Experience
BackCheck has extensive experience in designing employment screening programs suitable for companies in the financial sector. From major banks and insurers, to financial advisors and local credit unions, BackCheck is a trusted partner of many financial organizations and we complete background checks for tens of thousands of employees seeking work in this sector.
BackCheck regularly assists with OSFI Compliance. We understand the unique operating environments within which you work, the unique regulations, and the heightened public scrutiny surrounding the actions of financial institutions, especially as it relates to privacy of information.
Our 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:
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- 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.
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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.
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| To further protect their organization, some have chosen: |
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- OSFI compliant screening packages for directors and senior executives – Contact Us to learn more
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Case Study - Banking & Finance
In order to reduce costs and improve effectiveness of their pre-employment screening process, a prominent Canadian bank asked BackCheck to coordinate its background checking program.
Averaging 9,000 onboards per year, the bank quickly was able to consolidate nationwide hiring through a single agent and cut back on inefficiencies. The organization quickly recognized that nearly 8% of their hiring candidates were untruthful about their academic history. Interestingly, that number rose during the recession.
This banking customer consolidated their background checking program with one vendor, after previously using several. This enabled the bank to not only have a consistent process, but also a consistent reporting structure. This bank was able to learn, for example, that over 1/3 of their candidates were embellishing their resumés and that this number has increased since the start of the recession.
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 READ MORE BACKCHECK CASE STUDIES |
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