Background check for operations - How bad is this??
Hi, been a lurker for a long time but I have a question about the background check process at investment banks.
I was offered an role in operations at a bank that I'd really like, but I'm wondering what exactly they're looking for in the background check as I'm filling out the forms now.
When I was younger (5 years or so), I fell on some hard times and had a bit of trouble paying bills. To help deal with the electric, phone, etc. bills that were coming up, I would put as much of the other stuff on credit cards. In the end I couldn't pay off the cards and they went delinquent and they ultimately canceled my cards, so my credit wasn't the best and part of the background check involves a credit check.
Long story short, I got 10 years for armed robbery and assault with a deadly weapon. I managed to get the sentence reduced to 5 years though due to good behavior, and after a long job search I finally got this opportunity I really want.
So I'm wondering:
-
Is the credit check going to prevent me from getting the job? Do they care more about the credit or the criminal stuff or is it both?
-
How much do you think the criminal charges would hurt me? Is there any difference between FO and BO in terms of how much they'll look past that?
-
Do you think if they see I got the sentence reduced because of good behavior, that would help?
-
They ask for an explanation on why I have the conviction. What should I put in that space? Is it something where they want a sentence or two or am I supposed to type pages of detail in there?
Anyone whose gone through the process and can help would be much appreciated. Thanks
Are you really serious? Long story short- if this is even possibly true- you won't have a job. White collared financial crime- no job. Robbery? Armed? No financial firm will ever take you- ever. Please tell me this is a joke.
Well I paid my dues so I like to think people will be understanding of that and give me a 2nd chance, especially if they know about the good behavior. It's not exactly easy to get that when you're in that environment you know?
I disclosed the conviction and wrote a long story about my circumstances and why it lead me to do it and that I wouldn't do it again. The guy I robbed was a punk and he had it coming for years and my situation was a lot worse than him with my kid on the way.
I'm not trying to make excuses though, I served my time but I want to get another chance and do some good things and support my kids.
I mean I'm not trying to get into investment banking or manage money here its an operations role so it can't be that strict right? How long do these things take and what do I do if they ask about the credit since it's still bad to this day?
If you are really serious (which this can't be). Yes it matters. No one gives 2 craps you got your sentence reduced. Here is your only hope in the world (which you honestly don't have a chance for). Get it wiped from your record via your state program. CT has one. But if you are someone like me: I got a DUI. Was 21. I have since worked at the same place for a very long time, almost 20 years have passed, do tons of volunteer work, never got in trouble again, was given a crime stopper award from my local PD, teach Sunday school, and have since gotten an MBA. I think I could get my mistake excused. You- no way. Not with the info you gave us. Need money- go to work- not rob people!!?? Seriously you have NO chance whatsoever.
Lmao I was reading like.. "is this headed where I think it's headed?" lol dude go get a job at McD's
Will McD's even take this? I don't think a grocery store will? No place that has cash (or people) or requires you to be a halfway sane person will accept this. This has to be a troll.
Well, I assume you had to disclose being a felon on the application. So they must already know. However, I have a friend who couldn't get a phone banker position because he had stolen a candy bar when he was 19. So sounds like complete bs.
You could try an application with the Los Zetas cartel, but I'm not sure armed robbery is a "target" crime for their recruitment, but assault with a deadly weapon may get you through HR's automated screen.
Good idea. I have heard lateraling to other cartels can be tough without an MBA tho.
All about the networking
If you have a solid grasp on accounting it is doable.
"so my credit wasn't the best and part of the background check involves a credit check...Long story short, I got 10 years for armed robbery and assault with a deadly weapon"
I lost my shit
Holy shit. I hate laughing at his misfortune but that delivery went left so quickly.
Read this carefully: Never will you work on Wall Street. No firm will take on such an extreme liability unless maybe you can bang an HR lady with mental issues who doesn't care about all these red flags and then she gets pregnant with your lovechild leading her to abort the baby with you threatening to kill her and you blackmail her into giving you an interview with her life on the line which gets your foot in the door and then interviewer is also female in which case you rinse, repeat all the way up to upper middle management at which point you realize everyone above you is male so that's where your career progression stops unless you realize that you enjoy catching which will result in you vetting all the gay upper management and offering to get spitroasted by the CEO and CFO in return for one of their jobs in the near future when you will finally land the ultimate role and then you wake up and realize it was all just a dream and it's time to go be a plumber.
Talk about foot in the door approach. "I have bad credit is that bad? Oh, by the way, I also did 10 yrs for armed robbery"
lol nah you won't pass. did your shaved head and tear drop tattoos not tip them off? my vote for post/troll of the year goes to this one. WallStreetOasis.com please take note.
Nobody will care the sentence got reduced if it was for armed robbery because that is generally a felony in most states.
Idk what role this is in ops but if you do anything that requires a FINRA registration it may be an outright statutory disqualification anyway.
In what state is armed robbery not a felony?
"Well, waving a pistol in the cashiers face is really not that big of a deal. We are going to give you time served and a fine of $132.64."
This is a remarkably strange/detailed troll
I'm confused, don't you have to state whether you've ever been convicted of a crime before applying?
Unde ipsa omnis nihil tempora nemo reprehenderit cupiditate. Sed itaque dolores fugit illum. Et labore debitis est.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...