Originally posted by LondonManc
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Help - Onboarding screening for Bank as contractor
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Originally posted by BoggyMcCBoggyFace View PostMost if not all (even for contractors) will ask to see evidence of your highest level of education so if you have claimed a 1st class from Oxford make sure you have the physical degree certificate to bring in so they can check.The greatest trick the devil ever pulled was convincing the world that he didn't existComment
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Originally posted by ImaginativeTruth View PostBank Vetting is very very thorough and is getting tighter:
As a minimum you will need:...
Just mentioning it as most of the subsequent posters seem to be aghast at the suggested level of screening.Comment
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Originally posted by Lambert Simnel View PostThis is actually not far from my experience from being vetted for two different investment banks in the City in the last 18 months. Admittedly some of it (such as the county court judgements) is just a basic Y/N, though I'd guess that there would be more questions if I had any. I was definitely made aware that there would be a degree of background checks on my company as well. Nothing desperately intrusive for someone with as vanilla a life as mine, but certainly enough to give a good chance of discovering if an applicant might be vulnerable to blackmail or manipulation.
Just mentioning it as most of the subsequent posters seem to be aghast at the suggested level of screening.The greatest trick the devil ever pulled was convincing the world that he didn't existComment
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Originally posted by LondonManc View PostYes, the ticklist was fine for CCJs, convictions, etc - no problem. I just don't see my personal current account as being any of their business.Comment
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Originally posted by ImaginativeTruth View PostBank Vetting is very very thorough and is getting tighter:
As a minimum you will need:
5 years address history to the day, month and year
5 years employment history to the day, month and year with names, addresses, phone and email addresses of contacts
- explanation of any employment gaps over 30 days with evidence of travel or training or other etc
3 forms of ID to include Passport, Drivers licence and Address proofs - including all document numbers, scanned copies of documents, and sight of originals.
Agreement to Credit Check which (for one client) included permission for them to interview family, friends and neighbours
Agreement to Criminal Check
All company documents/ insurances as usual...
Plus you need to give disclosures on:
How often and to what extent you've been in overdraft in last 12 months
If you have any debt defaults, had CCj's, reached a debt settlement, paid in full settlements in 12 months of demand, been bankrupt
If your company has liabilities and their nature
If you have any court actions pending, in progress or likely of any kind or have reasonable expectation of any to be taken involving you (defending or prosecuting) - this is any court action excluding minor parking matters
If you have been a regulated person, or worked for a regulated entity and in what capacity
If you have left a company at any time for disciplinary, underperformance or whilst on performance management
The supplementary questions / disclosures are usually 50 or so.
Having yes to any of the above is not a problem usually, but being caught lying or having a check show the opposite of what you could reasonable of known to be true, WILL get you blackballed and blacklisted by the agent and the client permanently.
You pays your money and you takes your chances....
qhHe had a negative bluety on a quackhandle and was quadraspazzed on a lifeglug.
I look forward to your all knowing and likely sarcastic and unhelpful reply.
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Originally posted by quackhandle View PostSome correct; some a crock of tulip. Have had a few gaps in last 6 years, one over 6 months. Didn't get questioned about any of them when onboarding with current client co. Having an impeccable finance history helps though.
qhThe Chunt of Chunts.Comment
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Originally posted by Lambert Simnel View PostI think it's just an element of CYA. If it turns out you do actually get blackmailed for price sensitive information by your debtors, at least the Bank can claim they took all reasonable precautions to identify that risk beforehand. In practice, the misbehaviours within the banking industry over the last 10 years have rarely if ever been the sort of thing which this sort of screening would have picked up on.The greatest trick the devil ever pulled was convincing the world that he didn't existComment
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5 years address history to the day, month and year
5 years employment history to the day, month and year with names, addresses, phone and email addresses of contacts
- explanation of any employment gaps over 30 days with evidence of travel or training or other etc
I estimated 2 full working days in putting it together and responding to queries the first time I went through it. This included people calling me on a BH Sunday demanding same day scans of physical airline tickets (!) for a holiday I took when not working.
Never had any issues with credit/legal side.Comment
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Originally posted by quackhandle View PostSome correct; some a crock of tulip. Have had a few gaps in last 6 years, one over 6 months. Didn't get questioned about any of them when onboarding with current client co. Having an impeccable finance history helps though.
qhComment
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