So I recently got an offer to join a BB's graduate scheme for IB. I'll be signing the contract next week. One thing i'm worried about relates to background checks which are performed so that you can get your FCA designation (CF30) at the BB - I believe you get this designation upon passing the FCA exams.
The issue is, I currently work at a Big 4 firm in their audit function but have received written warnings in the past. These remained on file for 6 months but I didn't go down the formal disciplinary path i.e. referring a panel because it was described to me as an unappealing process . They were given out for BS reasons. One for incorrect coding of timesheets (in Jan 2018) and then another for forwarding an email to a manager with the answers for a internal training thing (he asked me to) in July 2020.
Does anyone know whether the offer will be rescinded on this basis? I don't want to be in a position where I hand my notice in at the Big 4 firm, then the BB reneges the offer.
I'm due to start in July and I've got a 1 month notice period, so not sure if the background check will be complete by early June?
Any advice on the above? Worked my ass off to get the BB offer (especially from audit), and now it's just causing me tonnes of anxiety.
lmao, i was almost in a similar situation although i don't believe i got a warning.
think you should just straight up ask big 4 HR, will the warning be disclosed during a reference check in the future? (do not say employment reference check, just say reference check)
i suspect it will not be disclosed as it did not get to formal disciplinary.
even if it was flagged in the background check i would recommend you still quit and try to reason with the BB or u will regret later
Appreciate the advice. I've reached out to HR. Fingers crossed it all works out!
Update: For anyone concerned, none of these warnings were disclosed as they had expired. Hopefully this post will help allay fears for someone else.
Nice!!
glad it worked out for you. congrats on going directly from audit to ibd, no easy feat
Hey I am in a similar position are you sure the earning were not disclosed ? I am so nervous about this my warnings expired almost 1.5 years ago but I think they maintain old earning on personnel file. I know the regulated references ask for such things I was actually given a disciplinary warning at the time so not sure
Hey mate. Yeah I can confirm they weren't disclosed. I rang HR to confirm this. I had written warnings. My warnings were also retained on file (think they do this for the duration of your employment). Probably best to speak to your firm's HR and ask whether this will be disclosed given that they were from ages ago.
Feel free to PM.
Hi, so I am in a similar situation. I have an offer from an elite boutique. Currently, the reference has kicked off and they will be requesting for a regulated reference letter soon from my previous employer which is a bulge bracket firm. At the moment, I am in a non regulated role so they didn’t ask for a regulated reference before. I got a final written warning during my time at my previous employer but it’s been more than a year now. They did mention that they will keep the record a year following which it will be removed but they also said then that if I move move into a Certified role and they receive a regulated reference request in the next 6 years, they will be obligated to disclose the final written warning on that regulatory reference. Is that true? It’s been more than a year and they are currently not responding and I haven’t seen the regulated reference letter yet. Any advice? Were they just saying it for the sake of it?
Yes if your previous employer receives a request for a regulated reference they will need to disclose the final written warning.
Are you certain your new employer will ask for a regulated reference or just standard reference ie proof of employment
Yes if your previous employer receives a request for a regulated reference they will need to disclose the final written warning.
Are you certain your new employer will ask for a regulated reference or just standard reference ie proof of employment
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