| 85% of financial service firms have uncovered lies on CVs

85% of HR and risk professionals in the financial services have experienced candidates presenting false information on their CVs or on job applications, study reveals.

The study, conducted by HireRight, also found that 75% uncovered flaws in applicants' CVs during the screening process that, otherwise, wouldn’t have been found.

Steve Girdler, Managing Director EMEA at HireRight, comments: “Whilst screening is a regulatory necessity in many cases, financial services businesses are increasingly seeing its intrinsic value with discrepancies continuing to be identified at all candidate levels of seniority – from entry to board room level. Screening is not a nice-to-have addition, but an essential last port of call in the recruitment process enabling employers to hire with confidence and mitigate business risk.”  

Screening occurs during the recruitment process after the initial process of sourcing job candidates is completed. This involves reviewing CVs and cover letters, conducting video or phone interviews and, ultimately, finding the right candidate.