Periodic Staff Vetting

Periodic staff vetting is an integral part of UBS's focus on non-financial risk that helps to protect the firm and create a transparent and positive work environment. UBS's approach is recognized as a best practice commitment to further safeguard the firm's reputation and reduce unnecessary risk. Periodic vetting is applied to external staff in risk-sensitive positions inclusive of subcontractors / 4th party staff.

Frequency

External staff in risk-sensitive positions are subject to be re-vetted on a 3 year cycle basis (or more frequent if required by the regulator). UBS initiates the re-vetting by informing / instructing the Suppliers in advance about the process, related tasks and about affected staff in-scope.

Required Checks

Periodic vetting is limited to credit and criminal record checks as well as global background check conducted by UBS. Checks are conducted in accordance with local law and in line with the UBS defined Country Specifications available on this website.

Affected Staff

Periodic vetting applies to external staff in risk-sensitive positions as determined by UBS. These are positions that grant the owner an enhanced authority due to e.g. privileged access to systems, networks, data and knowhow owned by UBS, or other specific positions that are considered to require the highest levels of personal integrity.