Risk
Risk management including market and credit risk.Compliance
Trade monitoring and compliance.Order Management
Front office executes trades and middle office manages the remainder of the trade lifecycle.Product Control
Product control such as position limits.Information Technology
Technology functions that are critical to the front office.Decision Support
Decision support such as performance reporting.Treasury
Management of collections, disbursements, investment and funding activities.Financial Controls
Financial controls and monitoring.Notes
The middle office differs widely from bank to bank. The same functions may exist at different levels in middle and back office. For example, compliance may be divided into middle and back office teams that perform complimentary roles.The term middle office is heavily associated with banking and investment banking but is occasionally used in other industries.| Overview: Middle Office | ||
Type | ||
Definition | An organizational layer of a bank that handles time sensitive controls, execution and decision support functions. | |
Related Concepts | ||
