As I thought - it was indeed late for the grad program.
They asked me during the telephonic whether I wanted to convert the application into an off-cycle internship, as all grad positions are full.
Its for the QA (Quantitative Associate) division in GM. The interview was decent, mostly strengths-based. They asked me whether I could attend an Assessment Centre on the 23rd of Jan, however I didn;t hear back anything after the interview.
Now that the 23rd is past, I fear a rejection would be on its way.