Background Screening in Insurance, Finance, and Banking
| Recommended Screening Packages | Financial Services Screening Package |
|---|---|
| Identity Verification | |
| National Federal Criminal Search | |
| National Criminal Database Search> | |
| Global Terrorist Watch Search | |
| OFAC-SDN Search | |
| Past Employment Verification | |
| Education Verification |
Background Screening Needs in Insurance, Finance, and Banking
Protecting Client Assets
Financial institutions are entrusted with safeguarding client assets. Background checks help mitigate the risk of internal fraud or theft.
Ensuring Regulatory Compliance
The financial services industry adheres to strict regulations regarding background checks for certain positions. Our services can help streamline adherence.
Building Trust with Clients
A commitment to thorough background screening demonstrates your dedication to protecting client information and fosters trust within the financial services industry.
SimpliVerified Services for the Financial Services Industry
Pre-Employment Screening
- National, Statewide, and County Criminal Searches: A broad search to identify any criminal history that might impact an individual’s suitability for sensitive financial roles.
- Sex Offender Search: Identify individuals on national and state sex offender registries.
- Employment Verification: A comprehensive check to ensure candidates meet the high standards of the financial sector.
- Education Verification: Ensure the accuracy of educational qualifications required for the position.
- Residence Verification: Confirm an applicant’s current or past residency for identity verification purposes.
- SSN Verification (when permissible by law): Verify the Social Security number provided to help prevent identity theft.
- I9 Verification: Streamline the I-9 employment eligibility verification process.
Additional Services to Consider
- MVR Verification: For positions that involve driving (e.g., courier services), obtain Motor Vehicle Records (MVRs) to assess driving history.
- Professional License Verification: Ensure the validity of professional licenses required for financial advisors, insurance agents, and other licensed positions.
- Credit Check (restrictions apply in some states): Consider a credit check for positions with financial responsibilities (e.g., loan officers, financial analysts).
- Social Media Searches (optional): Monitor publicly available social media information for potential risks or concerns (Note: Social media monitoring should comply with all applicable laws and regulations).
Benefits of Background Screening in Insurance, Finance, and Banking
Enhanced Security
Background checks help deter fraudulent activity and safeguard client assets from internal threats.
Improved Compliance
Our services can help ensure adherence to federal and state regulations regarding background checks in the financial services industry.
Promotes Trust and Confidence
A commitment to background screening demonstrates your dedication to client security and builds trust with your customers.
Building a Culture of Security
SimpliVerified understands the critical role trust plays in the financial services industry. We offer customizable background screening programs that can be tailored to the specific requirements of your institution and the level of access employees have to sensitive client information.