Structure of an IB

Question 1

jargon to explain the 3 main sections of an ib?

Answer 1

front office

middle office

back office

Question 2

front office?

Answer 2

the face of the organisation

dealing directly with clients

e.g., sales & trading desks, research

Question 3

middle office?

Answer 3

role is to interact with front office employees

primarily checks & regulates the work done by front office

e.g., risk management, compliance

Question 4

back office?

Answer 4

not interacting with clients

e.g., IT/technology, operations