EmployeeScreenIQ Partners with BankersOnline.com to Offer Banker Background Check
April 13, 2011
Jointly developed by the two companies, “Banker Background Check” draws upon EmployeeScreenIQ’s in-depth industry experience. Three levels of screening ensure that an institution fully complies with Federal banking hiring regulations: the robust screening process includes social security number traces, countrywide criminal searches, Federal District criminal record searches, Homeland Security checks, and financial sanctions checks. Higher levels of screening also include pre-employment credit reports, Federal bankruptcy searches and education and employment verifications.
Our partnership with BankersOnline.com is designed to help financial firms deter theft and embezzlement, as well as help prevent litigation over hiring practices. An effective background screening process can reduce turnover by verifying an individual’s skills, certification and education prior to a hiring decision. We’re proud to offer our services and expertise to BankersOnline.com and the financial space.
“When you consider the costs of retraining or replacing an unqualified employee, it’s easy to see the critical need for background screening services,” said Mary Beth Guard, executive editor of BankersOnline.com. “Additionally, Section 19 of the Federal Deposit Insurance Act prohibits financial institutions from hiring an employee or consultant who has been convicted of a criminal offense involving dishonesty or money laundering without written FDIC consent. Steep financial penalties await those institutions who hire individuals in violation—it’s clear that employment screening is no longer a luxury, but a necessity in the banking industry.”