Financial service providers need to build trust with their clients, which is why it’s crucial to hire only the most qualified and trustworthy professionals. PlueOne Screening Solutions offers hassle-free background checks and pre-employment screening services to ensure companies only hire the best candidates.
Unique Hiring Challenges in the Financial Services Sector
Whether your company is in the banking, wealth management, fintech, or insurance sector, finding the right people for your open positions can be extremely challenging. There’s also a lot riding on your choice, as suboptimal hires can wreak havoc on your organization’s reputation and open the door to costly mistakes and even malfeasance. Of course, that’s in addition to many of the most common obstacles financial services companies face in hiring, such as:
- Compliance with numerous regulatory frameworks including SEC, FINRA, CFPB, and OCC
- Risk management with regard to employees handling sensitive personal information and financial data
- Needing to fill positions quickly while also being extremely cautious about who is hired
- Maintaining public trust in an increasingly digital financial environment
Overcoming these challenges can be extremely difficult without expert guidance at your side, and that’s precisely what PlusOne can provide for you. We deliver comprehensive financial background checks and screenings to make sure you’re hiring the most capable and reliable people for your organization. We’re a “one-stop shop” for practically everything you need during the pre-employment process, from education verification to drug screenings to criminal history checks. With our experts working alongside you, you’ll have a smooth and stress-free experience every step of the way.
Recommended Background Screening Services for Financial Services
With so much at stake for your financial services company, it’s essential to have a partner who can handle all your needs and provide you with complete peace of mind. At the same time, you have different roles within your company that require different approaches to vetting candidates. For example, a bank teller’s job is much different from that of a financial analyst. That’s why we tailor our services to provide you with a comprehensive package of capabilities that will meet your precise needs no matter what position you’re trying to fill. A few examples of the types of services we offer include:
- Social Security Identity Tracing
- County, State, and Federal Criminal Background Checks
- Employment Histories
- Education Verification
- Regulatory Licensing Verification
- Global Watchlist Screening
- Drug Testing and Continuous Monitoring
Financial Services Employment Screening Process
Your clients are counting on you to be responsible stewards of their money, and having the right people in place is non-negotiable. Your organization has some big responsibilities, none of which are more important than maintaining the trust of your clientele. That’s why PlusOne Screening Solutions is here to provide you with the most thorough and efficient hiring process. Our goal is to take as much of the burden off your shoulders as we can so you can continue to put your focus where it needs to be.
Our extensive screening process for financial services professionals is designed to make sure nothing is left to chance when it comes to vetting your job candidates:
- Application Review – The initial assessments we conduct confirm whether candidates meet the most basic qualifications for the position in question.
- Background Checks – We conduct extensive and exhaustive reviews on your job applicants, including comprehensive criminal background checks.
- Employment Verification – We work hard to verify candidates’ past work experience to ensure they have the prerequisite skills and background to be contributing members of your team.
- Drug Testing – You can ensure a safe, substance-free workplace through our thorough occupational health screenings.
- Pre-Employment Tests – We administer skill-based evaluations when necessary to match candidates with specific job requirements.
- Reference Checks – Confirm a candidate’s reliability and past performance by following up with his or her professional references.
With the help of our services, you’ll be able to hire with greater confidence than ever before. We make it much easier to put your faith in the people you choose to fill your open positions and offer the best possible service to your customers and clients.
Legal and Regulatory Compliance in Financial Background Checks
The financial sector is heavily regulated, and it’s critical that you have a pre-employment protocol in place that meets all your regulatory obligations. PlusOne Screening Solutions is well-versed in all the various legal and regulatory considerations that impact your operations, and we’re here to make sure you are full compliant with all of them, including:
- Labor Laws: Equal Employment Opportunity Commission rules are in place to protect job applicants’ rights and prevent discrimination during the hiring process.
- FCRA Compliance: Under the Fair Credit Reporting Act, care must be taken to prevent adverse action that could harm a candidate’s future prospects when conducting background checks.
- Industry Best Practices: Anyone you hire needs to be intimately familiar with standards put forth by the SEC, FINRA, and CFPB rules, among others.
Working with a seasoned third-party screening partner like PlusOne means you can be certain your pre-employment vetting will be as compliant as possible without sacrificing speed or efficiency. With our help, your financial services company can avoid legal penalties, reputational damage, or operational delays.
Best Practices for Background Checks in Financial Services
Comprehensive pre-employment screening services can take the worry off your shoulders and give you peace of mind. Some of the best practices you should follow include:
- Background Checks — Spotting potential red flags including criminal histories or inaccurate resumes is essential when screening job candidates.
- Pre-Employment Testing — Skills assessments make it possible to determine whether candidates actually have the right experience for whatever job you’re trying to fill.
- Employment History Verification — This helps determine whether the individual has the proper employment background that fits the responsibilities of the position.
- Drug Testing — With consistent and compliant screening, your company can ensure a drug-free workplace and prevent liabilities.
Work with PlusOne to develop a customized package that provides you with all the services you need to make the most informed hiring decision.
Why Choose PlusOne Screening Solutions for Financial Services Hiring?
There’s no better choice for peace of mind in your next round of hiring. We work closely with you to make sure what we’re doing fits all your requirements, including all the regulatory compliance needed within in the financial services industry. To learn more about what makes PlusOne your ideal partner for all your pre-employment screening needs, reach out and speak with a member of our staff today.
READY FOR YOUR HASSLE-FREE BACKGROUND SCREENING SOLUTION?
READY FOR YOUR HASSLE-FREE BACKGROUND SCREENING SOLUTION?
Please contact us for more information on employment screening for the Manufacturing industry.