Sent stuff from company laptop to personal laptop
Hi, can y'all offer some advice?
Background: I was in the office and needed to run some personal errands at around 4:50pm (supervisor VP knew). Didn't want to take company laptop home that day (I bike with a backpack), so sent stuff to my personal email for convenience purposes.
Then: Compliance called and expressed concern. Damn I didn't know this could be a serious thing. I thought it would be convenient to do so.
Communication: talked with compliance, and then MD told me it would probably be a warning + deduction on group's bonus pool. I assume the whole deduction would go to my personal bonus pool (While I may not be perfect, I'm a top analyst in my group. Not sure how this will affect my total bonus $).
Next step: will have a call with group head, MD and compliance and HR people in the next couple days. I was worried that I might get fired, but MD said I won't.
Self-reflection: I realized now it's extremely important to do everything compliance policies say.
Any advice on what to say during the meeting ? Any experience dealing with this?
dam wow, i mean i am a intern and I do send files to my PC because my PC has bloomberg and work laptop doesnt and heard no complaints
It completely depends on what files
it was to formulate a data of a public company
I also know a senior at my bank who got fired because he left his IB confi documents out in the open accidentally and compliance saw it
Uhh I'm about to start FT in 2 weeks but I've sent stuff to my personal account during training & last year during my internship (zoom links, some primers, other non-important/non-firm related stuff) and never got a word about it. Good to know - I'll be a lot more careful now
Clown move by your compliance team tbh - seems to be wildly overreacting
This is very common, the IT security team and compliance get an email alert when someone sends attachments to the typical external email addresses like gmail, outlook, aol, etc.
You signed a clause somewhere outlining that you won't be doing these things. It is impossible for a company to know whether this was a legit process or whether someone who is about to be fired or quit the job is taking files with him.
From my compliance training, my understanding is there’s things they don’t care about sharing outside of work laptop (zoom links, expense reports, etc) but absolutely nothing confidential should be sent to a personal laptop. They have no way of verifying the security of any external email, so even to say you sent something to yourself for whatever reason is still a risk to them.
Have fun on the unemployment line.
Not cool man.
This is a complete overreaction by all parties involved except for you. Reduction in bonus pool? It's literally not this serious of an issue.
You still can print and lose sensitive documents, or take pictures of them, scan and email them without internal triggers. While I understand there are additional concerns with sending docs over email, all needed was a small warning.
Classic compliance. This reeks of incel energy on their part
i can't tell if this is bs or not. No compliance team would react this way unless they caught you sending firm materials to your personal laptop. People at every company from the analyst to MD handle personal stuff on their work computers and send it to their personal accounts.
I sent some work related materials, more specifically deal memos. I don’t even know how an internal memo is useful.
well that was a very poor decision. Deal memos are MNPI and of course will garner a harsh eye from compliance. In that case, they responded "appropriately". Never heard about someone's bonus being dinged for it though, or affected altogther.
What does MNPI stand for?
I believe that’s because a few months ago, one of my colleagues cleared his stock account(~$1000) without telling compliance. He got a warning and that was it. Now two things came together they decide to cut our bonus pool.
Material non public info. What bank do you work for lmao
I've seen people get fired for less. I'd be grateful your MD is going to bat for you. If (s)he wasn't you just might have been.
Compliance here
Normally I'd just send an email to you explaining why this isn't ok and making sure that you understand why. Dragging HR your MD and docking bonuses just seems like massive overkill. Just brush up on why firm policy says this isn't ok and be prepared to parrot it back on the phone call.
Thank you.
One more question: will this affect my employment later, when other employers conduct background checks?
You're welcome and it won't come up in a background check, or even as a reportable event on your U4.
Update: I got a verbal warning letter that essentially says "this is a verbal warning. if you do it again next time you might get fired".
Quick meeting: signed a letter of understanding stating that I understand this is a serious DLP break and will result in more serious disciplinary actions if it happens again.
Compliance said my group's bonus pool might get affected. I'm thinking a 1-3% deduction since before this shit happened, a colleague of mine sold stocks without informing compliance.
Don’t worry about it your group bonus won’t be deducted 1-3% that would be absurd. Your head of the group would raise hell if that were to happen (behind close doors without you knowing of course)
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