Are you prepared for pre-employment screening?

With existing and upcoming regulatory pressures meaning that banks are under increasing scrutiny, banks are hiring more and more projects and change management professionals. Pre-employment screening in the banking and financial services jobs market is stringent – especially for contract roles. If you make sure you’re prepared for what’s involved by reading what employers typically look for, you may be able to minimise the delays and speed up the process.

"Increasing numbers of banking and financial services organisations carry out pre-employment screening on new hires, whether on a permanent or contract basis," says James Murray, Associate Director at Robert Walters.

"This ensures that they meet the legislative requirements enforced upon them and are sure that those who have access to their databases are qualified for the job," he adds.

Why should I prepare for pre-employment screening?

Increasing numbers of banking and financial services organisations carry out pre-employment screening on new hires, whether on a permanent or contract basis. 

The majority of firms require a full screening to be completed prior to a contract’s start date so you will not be able to start the job until it’s been finalised. Some of the documentation you’ll need might take time to get hold of so we recommend that you pull all the information required together as soon as you can.

Key documentation required

The documentation you’ll need to provide does vary from one employer to another. To give an example of documentation that can be prepared beforehand, common requirements may include (but are not limited to):

• The registry of residence
• The family relation certificate
• Graduation certificate of final education institute
• A copy of your bank book showing your name and account number as the account holder
• Copy of your Korean ID or ARC front and back
• Confirmation certificate of your registered Korean Health Insurance
• Letter of employment by your previous employers
• Copies of professional licenses and certificates 
• Image file of your photo
• Withholding Tax file from previous companies of current year

• For foreigners, the criminal check which needs to be apostilled by the government of your own country

Be prepared so you can start your job quicker

Successful applicants will usually be informed of exact requirements at the time of hire, if not before. But if you address these issues before you are even asked, you’ll be able to start your job as normal.