New Click here to Enroll in NaBFID Analyst Intro Class on May 6

    Question

    Settlements, clearances, record maintenance, regulatory

    compliance, accounting, etc. are functions of which level?
    A front office Correct Answer Incorrect Answer
    B middle office Correct Answer Incorrect Answer
    C back office Correct Answer Incorrect Answer
    D middle management Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    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)

    Practice Next

    Relevant for Exams: