Pre Employment Credit Checks for Financial and Insurance Industries
In banking, financial or insurance settings, employee background and credit checks can help:
- Reduce Turnover – Avoid hiring unreliable employees to reduce absenteeism and turnover-related costs.
- Protect Assets and Reduce Internal Theft – Avoid hiring candidates with a history of dishonest acts including employee theft, padded expenses and/or unauthorized purchases.
- Improve the Quality of your Applicant Pool – A formal employment screening program discourages applicants with something to hide and encourages honesty in the application and interview process.
Common Background Checks Requested:
Criminal Background Check – Check a potential employee’s criminal history in order to guard against theft, workplace violence and other unethical conduct.
Education & Employment History – Confirm the education and employment history to verify the accuracy of résumés and avoid hiring unreliable employees.
OFAC Search – Ensure that suspected terrorists do not have access to sensitive information or client accounts.
Consumer Credit Reports – Applicants in difficult financial straits may present a greater risk for misuse of funds and be poorly suited for positions involving financial responsibility.