Back Office
Definition of 'Back Office'Administration and support personnel in a financial services company. They carry out functions like settlements, clearances, record maintenance, regulatory compliance, and accounting. When order processing is slow due to high volume, it is commonly referred to as "back office crunch." |
|
Investopedia explains 'Back Office'A financial services company is logically broken up into three parts: the front office includes sales personnel and corporate finance, the middle office manages risk and IT resources, and the back office provides administrative and support services. |
Related Definitions
Articles Of Interest
-
The Path To Becoming A CEO
Think you have what it takes to be chief executive? Find out what those at the top have in common. -
Analyzing A Bank's Financial Statements
A careful review of a bank's financial statements can help you identify key factors in a potential investment. -
Uncovering The Securities Firm
Learn about the various departments of a securities firm and the professionals who make it work. -
The Basics Of Corporate Structure
CEOs, CFOs, presidents and vice presidents: learn how to tell the difference. -
Pages From The Bad CEO Playbook
Excess compensation, golden parachutes, tunneling and IPO spinning make these bad executives even worse. -
Pay Attention To The Proxy Statement
Don't overlook this overview of a company's well-being. -
Explaining Amortization In The Balance Sheet
Amortization is important to account for intangible assets. Read to find out more about amortization. -
Top 4 Most Competitive Financial Careers
If your goals include a big paycheck and working for a Wall Street firm, then you need to learn how to meet employers' expectations. -
Dealing With 10 Coworker Personality Conflicts
The financial world is filled with dysfunctional workers; find out if you're one of them and what you can do about it. -
6 Ways Mentors Elevate Your Career
Find out how experienced and credible mentors can get you where you want to go.
Free Annual Reports