Keeping Finance Fit and Proper
ENSURING CANDIDATE SUITABILITY
Social Media Check is a trusted partner in the financial services sector.
Firms in the financial sector must be satisfied that staff are fit and proper before making an application for their approval to the FCA. Companies are expected to be aware of relevant matters in determining the honesty, integrity and reputation of senior managers and certified persons.
Whilst there are no specific tests or rules, a business should have regard to the overall conduct of the individual and whether that person’s reputation might have an adverse impact upon the company. Once the individual is approved and in post, the firm must then assess their fitness and propriety on an ongoing basis, at least annually.
Social Media Check is great way to assess behavioural characteristics and mitigate risk against reputational damage for both the company and employee.
Ten key categories analysed with Social Media Check
These provide valuable insight into an individual’s behaviours, beliefs and attitudes which can play an important role in the vetting process. By ensuring that there is a good cultural fit with shared values that match the requirements of your organisation, you can avoid the risks of a bad hire and brand reputational damage.