What does middle office mean?
Definitions for middle office
mid·dle of·fice
This dictionary definitions page includes all the possible meanings, example usage and translations of the word middle office.
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Wikipedia
Middle office
The middle office is a team of employees working in a financial services institution. Financial services institutions can be divided into three sections: the front, the middle and the back office. The front office is composed of customer-facing employees such as sales personnel. The middle office is made up of the risk managers and the information technology managers who manage risk and maintain the information resources. The back office is composed of the human resources department, office managers and customer care representatives who provide support, administrative and payment services. Generally, the back and middle office involves non-revenue generating operations related to risk management and ensuring proper execution of transactions. The middle office plays numerous roles in financial services organisations and investment banking. It ensures that deals negotiated during financial transactions are processed, booked and fulfilled. Workers manage global agreements concerning business transactions, risk management, and profit and loss. They ensure that documents are completed according to agreements. The information technology middle office designs software to support trading strategies. It manages contracted software systems such as Reuters 3000 and Bloomberg for trading. The information technology middle office assists both the back and front offices by monitoring and capturing market and marketing information.
Numerology
Chaldean Numerology
The numerical value of middle office in Chaldean Numerology is: 8
Pythagorean Numerology
The numerical value of middle office in Pythagorean Numerology is: 1
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"middle office." Definitions.net. STANDS4 LLC, 2024. Web. 21 May 2024. <https://www.definitions.net/definition/middle+office>.
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