Answer to Question #271237 in Finance for Rohit

Question

The organization structure of a Bank’s Treasury unit involves designing of its operations across Front office, Mid-office, and Back office. Describe each of these three operating arms in terms of its nature, purpose / objectives, and the skills / qualifications of the people employed in these 3 operating arms

Answer 1

Financial services firms tend to be broken up logically into 3 sections. Front office is based on the corporate finance and sales personell as middle office controls the IT and risk resources within the company. Back office necessitates support, payment as well as administrative services.