Help! Banking employer reference for dismissed employee

jonriker9

#n/a.....................

Kentish_Dave

Any regulated role requires a very honest history. Having made a mistake in the past may not be critical, but any new lie would be career ending.

[Deleted User]

Under the SM&CR, the person needing to be approved has to be "fit and proper". Having a gross misconduct dismissal in the previous 6 years, especially from a financial services firm, is likely to cause issues.

As Dave says, lying about the previous 6 years is certain to cause failure to be approved and also result in them not being able to ever take another approved person role.

Marcon

Sounds like this thread: https://forums.moneysavingexpert.com/discussion/6034287/help-hsbc-employer-reference-for-dismissed-employee

See post 12. Yes, they would have to disclose if asked.

jonriker9

thanks Camelot,


sounds like if she gets put forward, she'll probably be rejected by FCA; and with potentially problems with her existing employer.


With regards to this 6 years history, is that a cut-off point? That is, if either
a) she has worked for more than 6 yrs with current employer, and only then they put her forward, it doesn't cause an issue (with SMRC)
b) or even if she moves on to another (unregulated role) somewhere else, but eventually takes on a regulated role, and that is more than 6 yrs since her 'dismissal' case.

Kentish_Dave

It’s been a while since I had to go through initial vetting but I seem to remember that for each job I had to give my reason for leaving, going all the way back to my first job in banking well over a decade earlier.

I had a gap where I’d taken a break and I had to provide proof that I really had been away from work during that period.

As others have said, lie on this form and her career is over.

There is no cutoff point. I had a colleague who was poached to go to another bank, and he omitted a caution received as a minor for shoplifting from his declaration. The job offer was withdrawn, and my bank refused to let him back into his previous role as he’d lied to the regulator, and so was far too toxic to ever find a job in a regulated position again.