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Celebrating 40 Years In Business

Financial Services Industry Background Checks

In today’s world, companies shouldn’t make hiring decisions without a comprehensive background check. The safety of your employees, customers, and assets is too important to put at risk.

At Barada Associates, we’ve been the trusted provider of human risk mitigation services since 1979 – which makes us one of the first employment screening businesses in the country. Our client-centric team has helped companies make successful personnel decisions using criminal reporting, state and federal sanctions list searches, and media screening for 40 years.

Barada protects banks and financial institutions from poor hiring decisions and ensures these businesses hire only qualified talent with a style and work ethic that matches the business environment and culture. Give Barada Associates a call today for a free 15-minute consultation.

Dependable Background Checks for the Financial Services Industry

It’s imperative to administer a background check before hiring someone to work at a bank, credit union, financial institution, or credit card company. Because employees in this industry have access to customers’ personal information, bank accounts, and other sensitive information, you need employees you can trust.

When you contact Barada, we’ll formulate a specific plan for your financial institution or bank. We take the time to get to know your company, how many employees you have, and what you’re looking for in a new hire. We know how busy financial services companies are, and human resource departments don’t have the time to perform detailed background checks on every new employee.

We’ve helped hundreds of financial services companies such as financial firms, investment banking companies, investment management firms, and more find qualified employees in the financial services sector. When you hire Barada Associates, you can rest assured that you’re getting a company that is working for you. Our quick turnaround times, quality of work, prices, and customer service differentiate us from the competition.

What Does a Financial Services Background Check Consists of?

For the financial service industry, Barada Associates offers in-depth criminal packages, employment credit reports, academic verifications, employment verifications, professional license verification (depending on the position/institution), and reference reviews. We can also offer skill assessments to ensure the candidate is qualified in basic math skills to work in a bank.

Here’s a more detailed look at some of our offerings:

Criminal Background Checks

No matter your industry – but especially in the financial services and banking industry – knowing whether a candidate or current employee has a criminal record is essential. Not being aware of the criminal records of any employees can put your company or coworkers in danger. We provide in-depth results that are cross-checked and verified. Our criminal history checks ensure you receive a rigorous criminal history report to help keep your financial institution and its customers safe from theft or fraud. Contact Barada Associates to perform a criminal background check today.

Professional Skills & Cognitive Assessments

After reference checking, skill and behavioral assessments are important in determining if the candidate is a good fit for the position. Professional skills and cognitive assessments can help you further identify whether candidates possess the right temperament for management, sales, employee supervision, or other job responsibilities.

Drug & Alcohol Testing

Our substance abuse screening services reduce workplace accidents by promoting a no-tolerance environment. We work with reputable national labs to process several types of tests.

License Verifications

Our verification services confirm your candidate’s credentials by verifying diplomas, licenses, and more. Don’t let an unqualified or untruthful candidate slip through with misleading or inaccurate information. We also offer employment history verification services to ensure that the employment history your candidate claims to have is accurate.

Reference Check Verification

Professional references help financial services employers learn more information about a job candidate that can be used when making a hiring decision. It’s been our experience that references will often share more information about a candidate with a third-party company than they will with a hiring firm.

Aside from providing in-depth interviews with a candidate’s references, Barada Associates also ensures that the applicant did not falsify who they put down as references. This is common, especially with such a competitive job market. It’s better to be overly cautious during your pre-employment hiring process and verify that all of the information the applicant provided is true.

Academic Background Checks

It’s important to ensure job candidates have the education they say they do, especially when your business hires a position requiring a certain amount of education, training, or certification. Barada Associates will ensure that all academic verification background checks are accurate.

Benefits of Background Screening for Financial Services Companies

Not only are background checks often required by law, but checks in the financial industry are crucial to uncovering whether the candidate has a criminal history, especially one related to fraud, embezzlement, or theft. A credit check can also be a useful tool during the screening process to learn more about how the job candidate handles their own personal finances.

The Federal Deposit Insurance Act prohibits federally insured banks from hiring job applicants convicted of theft, embezzlement, money laundering, or other financial crimes involving dishonesty to protect customers and their money. Barada Associates will ensure your financial institution is following the law to a T.

Other benefits of background screening include the following:

  • Improving the quality of hires
  • Reducing negligent hiring
  • Enhancing regulatory compliance
  • Improving workplace safety
  • Protecting customers’ sensitive information

Contact Barada for Your Financial Institution's Background Checking Needs

At Barada Associates, we help financial services companies perform employee background screening to find the right talent and create a safe working environment for their team and customers. Whether you’re an investment bank, investment services firm, work for financial services firms, or anything in between, we can help. We’re a people-first company, and your success is our success. For more information about financial services background checks, or to request a quote, contact Barada Associates today.

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