Understanding the front office. Front office back office.
Investment Banking Industry Overview And Guide For 2020
Front office back office. The front office has sales and marketing departments whereas the back office has the admin department finance and accounting department hr department warehousing etc. The front office is literally the banks interface with the market. The back office is the portion of a company made up of administration and support personnel who are not client facing. This is where people do their thing from sales types or computer types of jobs. Front office vs back office. The front office relies on the back office for support in the form of human resources internet technology it accounting and secretarial functions.
Front office and back office are usually the part of the room or area of the building where people work. Nowadays front office and back office are terms most bandied around in investment banking which is what this article focuses on. Les termes de front office littéralement boutique et de back office arrière boutique sont généralement utilisés pour décrire les parties de l. The front middle and back office are a dated concept and if youre thinking in those terms you work for a bank with cultural issues says one senior banker. These are places in which clerical professional or business activities are being conducted. The main responsibility of the front office is to generate revenue and also increase the revenue of the company whereas the otherss duty is reducing the overall costs for the business.
Font middle and back office. Investment position management. Back office functions include settlements clearances record maintenance. The front office sometimes also called front line refers to the front part of the company visible for the clients and in. Nowadays youre all in it. The terms front office and back office are generally used to describe the parts of the company or of its information system that are dedicated respectively to the direct relationship with the client and proper management of the company.
Workers in back office positions carry out administrative duties including accounting human resources legal and information technology. Back office refers to the behind the scenes tasks that support front office efforts but do not deal directly with clients. Trading arbitrage front office information systems. The front office coordinates and handles all the needs of the bank and its clients with respect to hedging and financing. In investment banks the relationship between the front and back office is a slightly different kettle of fish.
Gallery of Front Office Back Office
