With Schwab I realize background check is needed for employment. After employment, are background checks continuous or is it only with reason or permission that background checks are run again, like new position, etc?
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Schwab does continuous background checks. They’ll know within 24-48 hours of someone being arrested.
Welcome to Schwab. Felon's Friends run the show here Son. You no different you fit it. Just don't use the ladies room that'll get you fired.
@bn know how confidential / private disclosures are? Do they get reported to your manager? Or they stay within the control group or HR
Self reporting is all employees in all roles. There are extra reporting requirements for licenses applicable to them.
@aa Interesting about the DUI! Do you know if any of those with the DUI, did they have to disclose any of the charges?
I have not read our employment documents - recently or when I was hired. I know for a fact the FINRA perspective. I am unsure on other positions, like IT or facilities or security. I suspect they treat all employees the same, but I am unhelpful in citing a source or knowing for sure.
Just because they run background checks does not mean any blip on that causes issue. Once upon a time we called my team DUI row as like 6 people out of 15 had to leave to go to diversion/AA/court dates during the work day. There are certain charges that cannot let you keep your licenses (like fraud), but plenty that do. Sorry I cannot be more helpful on non-FRINA roles, but want to reassure that it's not just anything that can cause a fire-able offence.
@a8 Self report only applies to FINRA license? What about say work in IT?
I believe it is continuous, though I don't know at what frequency. Most recently a year or two ago, they took our fingerprints again as a company-wide initiative (I had been there well over a decade). As the last poster mentioned, you have to self-report items if you have any FINRA licenses - you can google FINRA Reporting Requirements for details.
If it matters, I have not ever been dr-g tested by the company. I was with my contracting firm when I started, but being employed directly that has never happened to me nor have I ever heard it happening to anyone else.
What ya trying to hide, son?
Continuous, with criminal reports, investigations or complaints added to your record. You are obligated to self-report applicable items also. Continuous reporting is imperfect, but that’s dependent on source than process.