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Industry Solution

Financial Services

  • Do you need to conduct a Financial Conduct Authority (FCA) check on your staff?

  • Do you want to ensure your compliance within the Financial services sector?


Financial Services Overview

VettingGateway will help you to reduce the risk of a new candidate threat and ensure you remain compliant at all times.

How can we help in Financial Services

The financial services industry is more stringent than most other private sector industries, so conducting a thorough background check is essential. It's crucial that you conduct initial checks on an individual, and that you routinely complete these checks across the lifetime of the employment. This will not only deter an individual with the intent to commit a financial crime but will also ensure you maintain compliance as a business. VettingGateway can manage the entire pre-employment check process, collecting the relevant information from the applicant and conducting and completing the checks in the quickest possible time.

Checks for Financial Services

To conduct a basic background check on your new hire you could consider the following components:

  • 3 year employment history check

  • Digital Right to Work Check

  • Most recent education check or any education in the last 3 years

  • A UK Basic or Standard DBS Check 

To conduct a more advanced check and to have further confidence in who you are hiring we recommend the following checks:

  • Financial conduct authority check which looks at the financial services register

  • An adverse financial check to search financial data for CCJ’s, bankruptcies and more

  • An identity check to satisfy yourselves that the person is who they say they are

All of the above checks can be conducted seamlessly and easily from within the VettingGateway platform. Automation is key to this; each check will be requested at the click of a button and the results delivered straight into the platform for you to review.

You can even create your own set of referencing requirements by building a package of the above checks and implementing them as a bespoke referencing standard for your business.

Alternatively, if your business operates with a referencing standard already you can sign up here straight away and start telling VettingGateway your rules and requirements. We recommend that in the absence of a regulated standard you review the roles and responsibilities within your business and contact us to help you decide what could be the best requirements for your team.

FAQs for Financial Services

  • Why can’t I just conduct social media checks manually?
    As Social Media Checks rise in popularity, employers are advised to avoid the temptation to manually check the social media accounts of their candidates. The risks of compliance breaches and human bias are, quite simply, too great. Here are just some of the problems associated with manual Social Media Checks: Breaches in data and privacy laws Inaccurate information – it’s easier than you might think to check the wrong person Human bias and error Cumbersome and time-consuming – it is virtually impossible to scan and collect social media data as comprehensively as a purpose-built algorithm Candidate Experience – a candidate is likely to have a much more favourable view of an employer if they trust that their social media will not be accessed by a human. The impartial nature of using software to conduct a Social Media Check means that employers won’t lose the trust of their new hires during the background checking process.
  • What platforms are checked?
    The individual(s) you invite for Social Media Checks will be given the option to select from a range of commonly used platforms like Facebook, Instagram, Twitter, Flickr, Medium, Tumblr
  • What is included in the Social Media Check Report?
    At the end of each Social Media Check, you will be provided with a comprehensive but easy-to-read report highlighting any issues uncovered within the 7 key index measures. These include: Extremist groups Swearing & profanity Negative sentiment Hate speech Violent images Potential nudity Toxic language
  • How long does a Social Media Check take?
    The time to conduct a social media check depends on the number of accounts being scanned. A typical Social Media Check takes around 15 – 20 minutes from the point of consent being given to a report being generated.
  • Are Social Media Checks legal?
    With VettingGateway, you can be sure that your checks are compliant and legal. The platform ensures consent is obtained and that all scans are conducted consistently, eliminating any chance of human bias or error, that come from manual checks, which could later lead to disputes.
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