Background Check Concerns for Investment Firm Employment
Hello everyone,
I recently received an offer from a large investment management firm known for its rigorous background check process. I’m feeling a bit anxious about how to report the reasons for my separations from previous jobs. I have experienced layoffs due to organizational restructuring on multiple occasions. However, I’ve always been reassured that these were not related to my performance, and I left each role on good terms.
Should I categorize these layoffs as terminations, or would that be detrimental to my application? This has never posed a problem with my past employers, but since this is my first position in finance, I understand the industry tends to be more strict. I’d like to note that my role will involve technology rather than direct client account management. Any advice would be greatly appreciated!
One response
It’s completely understandable to feel anxious about the background check process, especially when transitioning to a new and more stringent industry. In your case, since you were laid off due to reorganizations and have documentation stating it was not performance-related, you should feel confident explaining your situation as such.
Instead of labeling it as a termination, you might consider indicating that you were laid off due to company-wide restructuring. It’s important to provide context that your separations were not related to your performance and that you left on good terms. When you’re asked about the reasons for your departure, you can frame it positively by highlighting your contributions during your time there and emphasizing that the layoffs were part of broader business decisions beyond your control.
Since you’re applying for a tech position and not a client-facing role, having a solid explanation that underscores the positive aspects of your previous roles should suffice. Employers often appreciate transparency and honesty, so preparing a concise explanation can help ease your concerns. Good luck with your new position!