Bank security service: principle of work, conditions, requirements for employees

2024 Author: Howard Calhoun | [email protected]. Last modified: 2024-01-07 20:55

In the article, we will consider how the bank security service (BSS) functions. Indeed, in any organization of the banking sector, reliable protection of objects that have value and are in its storage must be ensured. In addition, informational information relating to the bank itself, its transactions, and its customers are subject to protection.

What is this?

The function described above is the responsibility of the bank's security service. It is a special structure, the work of which often goes unnoticed by customers. Despite this, her work is complex and multifaceted.

SBB device

When applying for a loan, all issues are decided by the loan manager. It is the acceptance of applications, the signing of loan agreements. At the same time, the activities of the SBB often go unnoticed.

The main principle of the bank's financial security service is to take timely preventive measures. Which are necessary to eliminate or reduce fraud situations.

Main tasks andSBB functions

The main problems that employees of the structure have to work with daily are attempts to commit fraudulent activities, providing clients with false information and documents, inaccurate payment documents, as well as attempts to get hold of secret information.

The versatility of activities is also manifested in the performance of various functions (control, security), the implementation of certain tasks:

1. The security service works with clients who applied to a banking organization. Moreover, clients, as a rule, do not know that all procedures and instructions are carried out under the full control of the employees of the structure. Direct contact with the client is possible if the latter violates the rules for using the loan, does not make payments on it, refuses to cooperate with the bank after receiving the loan.
2. The security service also checks the borrower's documents, which he provides at the time of the loan agreement, the sources of information about the client using various resources, for example, the Internet.

3. If there is a need, service employees directly contact bank customers. They have the right to make calls to the place of work of the borrower, at the place of his residence. To confirm and verify the information that the borrower has deposited.
4. The security service of a bank, VTB for example, cooperates with law enforcement agencies. An interesting fact is thatmany members of the SSS are former law enforcement officers. This, as a rule, is one of the main requirements imposed by the bank on potential employees when they are employed in the specified structure.
5. The security service also checks the client's credit histories, not only in his bank, but also in others (if any). For this purpose, requests are made to credit bureaus, information from their own databases is used, which reflects data on all unscrupulous payers.
6. The most complete picture of the financial solvency of the borrower is compiled through cooperation with third parties, for example, tax and other banks. This means that the security service of Alfa-Bank, for example, can cooperate with a similar one of Sberbank or VTB Bank.

Monitoring

After the structure makes a decision regarding a certain client (negative or positive), its employees proceed to perform a monitoring function, ensuring the safety of property, which acts as a collateral object.

The final stage of the bank's security service is to collect the debt from the client, if any. To this end, SSS employees are preparing the documents that were collected during the audit, and the evidence base for filing a claim with the judicial authorities.

Objects checked by the servicebank security

One of the main responsibilities of the structure's employees is a thorough and thorough check of the documentation provided by borrowers when trying to obtain a loan. What it is for, no need to explain. This helps to avoid fraud. This verification occurs in a certain way.

The security service analyzes and checks the following types of documents that can confirm the solvency of the bank borrower:

1. Certificate confirming the amount of income. It indicates the details (TIN, OGRN), using which employees of the structure can, using specialized databases, clarify the information they are interested in about the organization in which the borrower is employed. To be more precise, the employees of the organization, managers, structure, contact information of the employer, location are checked against the database. That is, a security officer can immediately find out if the organization is in the process of declaring it bankrupt, if its property has been seized, if it is on the stop lists and black lists. Quite often, representatives of the SBB make control calls to the place of employment of a potential client. What else does bank security check?

2. Customer has a criminal record. In this case, they check not only the borrower, but also his next of kin. In addition, the service will need to check what fines, administrative pen alties, and other sanctions were actually applied to their future borrower.

   

3. Credit history. This stage of verification involves a thorough analysis of the borrower's credit history: whether he has ever violated credit obligations, how this happened. Also, employees of the structure as a whole evaluate the quality of cooperation between the borrower and the bank in the past.
4. Reputation. To check the reputation of a potential borrower, representatives of the security service of VTB Bank can make simple calls to neighbors, relatives, and colleagues for the purpose of questioning. In addition, data can be collected through the business community, the Internet, and the media. Currently, verification using the pages of Internet blogs and social networks is gaining immense popularity. In addition, such a method of collecting data about a potential client as mutually beneficial communication and informal exchange of information between the security structures of different banking organizations is not excluded. Such a technique allows you to identify the insolvency and dishonesty of customers. That is, if the borrower is blacklisted by one bank, then it is likely that he will be blacklisted by another bank cooperating with the first one.

Cooperation with law enforcement

Considerable assistance in collecting the necessary information is provided by the presence of established informal connections among security officers or a bank in such structures as law enforcement agencies, tax inspectorates, pension funds, and so on. Also detailed information about the potential client structure canreceive by contacting special bureaus.

Verdict

As a result of such a check, a verdict is issued on the reliability of the client. If the answer is positive, the loan application is submitted to the manager for further consideration. Otherwise, its further analysis stops, that is, the client receives a refusal to provide a loan.

Direct loss

Any mistake in applying for a bank security loan can result in a direct loss in the form of an outstanding loan. In this regard, workers in this structure are selected very carefully, making rather high demands on them. Typically, such banking structures employ lawyers, analysts, former law enforcement officers with certain knowledge and skills, well-established connections, extensive experience working with databases, prone to analysis, who notice any little things that can affect the final decision.