Back Office
4 definitions

Administrative functions at an investment firm, such as those pertaining to transaction processing, record keeping, and regulatory compliance.

FK Reading Ease
0.6

FK Grade Level
Graduate School
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  • The department in a financial institution that processes and deals and handles delivery, settlement, and regulatory procedures.

    FK Reading Ease
    5.5

    FK Grade Level
    Graduate School
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  • "Back office": The part of the treasury organisation that administers and supports the trading activities of the treasury front office. The back office's main functions are to process, confirm, verify, settle, reconcile and record financial market transactions. The back office is also responsible for ensuring that the organisation's treasury management policy and controls are followed, as well as ensuring general compliance with rules and regulations. In a more general sense, the term refers to all administrative functions that support an organisation and includes areas such as payroll and expenses, accounts payable, accounts receivable and accounting.
    FK Reading Ease
    14.4

    FK Grade Level
    Graduate School
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  • Department responsible for the financial handling of trading operations.

    FK Reading Ease
    0.3

    FK Grade Level
    College
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