A Simple Rock, Paper, Scissors program
From the top:

Imports

Since you're only using one thing from random, you might as well only import that one thing:

from random import randint


As PEP8 recommends, whenever the time comes order your imports by standard imports, then third-party imports, then lastly local imports.

Use of Parentheses

In Python 2, your print statements do not require parentheses. If you're on Python 3, print function calls require them. Other areas (such as your while loop and return statement for collections) do not require parentheses around them.

As a later note: You can use commas within print statements to have spaces between things or you can concatenate two strings with the + operator, e.g.

&gt;&gt;&gt; print "Hello", "World!"
Hello World!
&gt;&gt;&gt; print "Hello" + "World!"
HelloWorld!


I wouldn't mix the two though (might make things look messy), and this is just a helpful note on the difference.

Unnecessary Comments

A lot of your code is self-documenting already and do not require comments (which is a good thing).

You should only comment areas that you believe might be hard to understand, e.g. calculation for the game result.

If you end up using functions, you might want to add some helpful docstrings to describe what's going on, or rename the function e.g.

def calculate_winner(x, y):
    """&lt;Explain how calculate_winner works here&gt;."""
    #...etc...


Code Organization

A lot of your code doesn't seem to need to be in functions, e.g. translate_choices and compare. You only ever use them once, and its all related to your game.

This is a bit of personal preference, but it might be nicer to move all your code into a function and avoid having global variables. This way, if others end up importing your code they won't encounter conflicts.

def play_rps():
    # ... rest of your code here ...


Also, it might be good to make sure your code only runs if it's called as main, e.g.

if __name__ == '__main__':
    play_rps()


and being called via python rps_name.py or however the file name hosting your code may be.

More info on __main__ here.

Handling User Choice

Instead of making a list every time, why not use the keys from the dictionary you already made?

while user_choice not in options:
    # do user_choice stuff here


Also, to make the logic a bit simpler in the while loop, you can remove the break statement by only checking for invalid inputs:

while user_choice not in options:
    #...print prompt for user choice here...
    user_choice = raw_input()

    if user_choice not in options:
        print '\nPlease pick either 1, 2, or 3!\n'


Lastly, you can also merge the later conversion of raw_input into an integer into your while loop:

try:
    user_choice = int(raw_input())
except ValueError:
    # input was not a valid integer
    user_choice = None

if user_choice not in options:
    print '\nPlease pick either 1, 2, or 3!\n'


Unnecessary Semicolons

Do you come from a C++/Java background? Reason I ask is because you seem to have a lot of semicolons in your code (which aren't required for python).

End Product

With the suggestions I listed above (and a few small things such as splitting up your option prompt), here's the code I came up with:

from random import randint

def play_rps():
    print "Hello! Let\'s play Rock-Paper-Scissors!\n"

    options = {1:"rock", 2:"paper", 3:"scissors"}
    player_result = ["tie", "win", "lose"]

    user_choice = None

    # get user choice
    while user_choice not in options:
        print "Game options:"
        print "-------------"
        print "1) Rock"
        print "2) Scissors"
        print "3) Paper"

        try:
            user_choice = int(raw_input("Your choice: "))
        except ValueError:
            # input was not a valid integer
            user_choice = None

        if user_choice not in options:
            print "\nPlease pick either 1, 2, or 3!\n"

    # calculate computer choice
    computer_choice = randint(1, 3)

    print "\nYou chose: " + options[user_choice] + "!"
    print 'Computer chose: ' + options[computer_choice] + "!"

    # calculate winner
    result = player_result[ (user_choice-computer_choice) % 3]
    print 'You ' + result + '!'

if __name__ == '__main__':
    run_game = play_rps()


NOTE: With the above format, it also makes creating a loop (if you choose to have a replay option) much easier.