One of the many roles for HR in FCA regulated firms is to screen applicants joining or already within the business and see who is the right fit for the role and the company as a whole. This process serves as a critical filter that helps organisations identify the most suitable individual for their teams by assessing qualifications, skills potential, performance, and alignment with company values. Screening therefore plays a vital role in mitigating risk by ensuring individuals within key roles are suitable and competent while upholding a high standard of good practice across a business.
Even at a junior level, all roles should be screened. However, screening can take place at different levels within a firm and, depending on their position, employees may be subject to an initial screening only, annual screenings or other combinations in order to confirm their ongoing suitability and eligibility for their role.
Outsourced screening offers you experience and flexibility to ensure your stakeholders can trust in complete transparency of your screening processes. FeMan Consulting helps to confirm compliance with the FCA’s regulatory requirements and protect your business. Individuals will undergo a wide range of checks, ensuring they are well suited for the position, bringing honesty, competence, and credibility.
Types of background screening checks:
• Identity / Right to Work
Validating an individual's identity and their eligibility to work in the UK
• Financial
Conducting a credit check, looking for instances of County Court Judgements (CCJs) and bankruptcies that may affect their suitability for a role
• Education
Ensuring a person has the qualifications and credentials they say they have, to verify competence and integrity
• Employment History
Confirming information regarding their position, employment gaps, and any potential misconduct / disciplinary matters
• Disclosure and Barring Service (DBS)
Used to disclose informaAon about an individual’s criminal record. This includes comprehensive information on their spent and unspent convictions, cautions, reprimands, and final warnings.
While employee screening remains a crucial aspect of adhering to FCA regulatory requirements and upholding transparency within the company, undertaking the process in-house can be time consuming and tedious task that may not maintain the high standards required.
At FeMan Consulting, we can manage all your HR needs. Our team have experience with background screening, effectively onboarding new employees, establishing effective performance review processes and more. Our deep knowledge of the complexities of HR
allows us to offer customised solutions that align with your specific business objectives. With FeMan Consulting by your side, you can focus on what you do best – growing your business – while we handle the critical HR functions that drive success and ensure compliance.