Question

Settlements, clearances, record maintenance, regulatory compliance, accounting, etc. are functions of which level?

Q: Answer-Settlements, clearances, record maintenance, regulatory compliance, accounting, etc. are functions o...

The back office is the portion of a company made up of administration and support personnel who are not client-facing. Back-office functions include settlements, clearances, record maintenance, regulatory compliance, accounting, and IT services. A financial services firm is segmented into three parts the front office Direct facing with the client be it sales, marketing, or customer support, the middle office risk management, and the back office administrative and support services