You've got a very good point. The "silly mistake to lie" probably has other underlying causes. I wouldn't hire if I was the hiring manager coz I will wonder to what extent would she consider no big deal to lie about. And I think that this bank also done a verbal reference check with the fake reporting manager too. So it's 2 former employees' reputation that got hit - the one who lied about her reporting manager, and the fake reporting manager who claimed to be her reporting manager.

If that bank hires her anyway, I'd be questioning that bank's hiring process and move my money to another bank 😂

This post has been edited by blu3gyrl: Nov 1 2021, 10:06 AM

i just submitted my statutory declaration last week and submitted resignation as well to my current company. the manager eager to recruit me and my CTOS is clean. so how long does it takes for HR to produce an offer letter to me?

About a week or two depending on the level, approved pay amount and the time it takes for the LO to be approved internally.

COngrats. which means it took a total of 2 weeks plus for them to process the background check

Thanks! Already 2 months into the role.

Resurfacing this topic again. Hopefully all of the taiko here can clarify my doubt.

For the past 12 years ive been only in one organization climbing up the corporate ladder. (Non bank)

3 months ago, i decided to move to one of the local bank here in malaysia.

Recently new opportunity came my way to join a foreign bank in malaysia. Offer letter signed, but i am not allowed to tender yet until my background check has been completed.

Im abit nervous with background check even though i have nothing to hide, and the foreign bank that i accepted their offer have a reputation in being a bit brutal when it comes to background check.

1) My ctos, experian report all clean
2) good paymaster and never missed any loan payment, ccris all 0
3) i have good relationship with my past employer even though i left then after serving for 12 years

My concern

1) well i am young, theres quite number of debt under my belt, and my credit rating marked only as good on ctos
2) 11/12 years ago when i started my career, i cant recall if im a good paymaster or not lol there maybe times that i might be late on my loan payment for couple of days or the most 1 month (i really cant recall)

Will my new employer review in dept the loan i took, and question why i have so many debts? And formulate incorrectly that im a risk due to number of loans that i have, that could potentially led to retraction of offer letter ?(note that i disclose everything to them)

Does the background check criteria differ between local and foreign bank?

My future boss keep on telling me, im already in local bank, the check more stringent, and i shudnt be worried (note that i know my future boss)

What do you guys think?

No issues on the loan last time if you've cleared them etc. The finance part is mostly on the current outstanding instead of those old ones that you've probably cleared. If HR asks, its more like a formality now.

Its more like their process and their checks under BNM guidelines. Diff banks/finance institutions (including insurance etc) will have slight differences in checks though.

Don't worry too much. Most of the show stopper for background check are related to criminal case and integrity (e.g. fake degree, fake employment history). CTOS and CCRIS are applicable only if you are handling the bank/company's fund or cash.

Haha thanks bro, i easily get worried about small things haha, in my new role yes i will be handling the bank client investment fund and cash. So yeah ccris and ctos would be applicable.

Should be fine i guess as long as i am not bankrupt or have any pending criminal charge under my name

Then, you can't run away from a few more critical criteria :

1) Eligibility for rehiring from your previous employers (past 8 years) . Some people left their jobs without full notice, MIA, etc and blacklisted.
2) Directorship in other companies. This could be conflict of interest.
3) Blacklist in CTOS, e. g. never pay telco bills, never pay installment for hire purchase (like those Aeon credit). In some cases, lost the legal case and never settle the compensation, break the training bond's, and etc.
4) Legal litigation.Being sued by third party for financial related matters.

If you don't have any of the above, nothing to worry.

This post has been edited by ongss: Jul 29 2022, 10:48 AM

At the end of the day, both local and foreign banks have to run the background check as this is a Bank Negara requirement for hiring. Both types of banks will outsource it to third parties anyway and aside from credit check the other things they will check is criminal record, litigation and also bankruptcy cases. The bank's local HR will also refer to your past companies, to verify your payslip as well as with the HR to ensure no performance issues as well (as a hiring manager at a local bank, when I had one hire in, the HR warned me that the candidate had a couple of bad reports from the past companies).

Oh yeah, if you have directorship in other companies or hold >30% of companies, you would need to negotiate with the HR of the bank on what is required for that. When I joined a local bank, I had to relinquish all directorship.

Thanks guys, yeah i know background check is mandatory, but to what extend the criteria like for example, i know they are doing credit review, but do they just look at ok no delay or bankrupt, or do they like really review and scrutinize total value of loan that i took, or check and see if my dsr is at the limit. Thats my concern actually.. haha

Other than that, i dont have bad debt, i never miss my payment, dont have criminal record, i dont hold any form of directorship of company...

Fingers crossed....

Thanks guys, yeah i know background check is mandatory, but to what extend the criteria like for example, i know they are doing credit review, but do they just look at ok no delay or bankrupt, or do they like really review and scrutinize total value of loan that i took, or check and see if my dsr is at the limit. Thats my concern actually.. haha

Other than that, i dont have bad debt, i never miss my payment, dont have criminal record, i dont hold any form of directorship of company...

Fingers crossed....

Yeah then should be fine, just have to wait for the report to go to the employer

So did you hire the candidate?

There were two candidates that had bad reports/reference from their previous employment. One I didn't hire and one I hired. During the first year, the candidate did well and didn't have much issues, but by the 2nd year the pattern started emerging (from constant Monday MCs to late delivery of work and complaints from other departments).

May I confirm, as of today, employer in Malaysia can get to know a person's employment history only by calling up reference name provided, or calling up ex-employer state in the resume, am I right?

Or is there other way to hire 3rd party like Jasa Integritas Malaysia Sdn Bhd?

If I missed out any topic already answered my above question, please link it.

Additional note: not finance or banking industry

Wow, good to hear this!

Now i love PDPA protection.