Middle office

The group of employees in a financial services company that manages risk, calculates profits and losses, and (generally) is in charge of information technology. The middle office draws on the resources of both the front and the back offices.

Investopedia Says:
A financial services company is logically broken up into three parts: the front office includes sales personnel and corporate finance; the middle office manages risk and IT resources; and the back office provides administrative and support services.

Related Links:
Learn about a securities firm's various departments and the professionals who make the firm tick. Uncovering The Securities Firm

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Other Office Types:

• Class A Office Space
• Back Office
• Middle Office
• Front Office
• Mobile Office
• Paperless Office
• Serviced Office
• Small office/home office
• Virtual Office

The middle office comprises departments of a financial services company that manage position-keeping (i.e. control representation of transactions within transaction-registering system of a company). These divisions make sure these transaction representations properly capture profit flows given the technological resources. The middle office is usually part of Operations division, which normally is also in charge of settlement. Due to their critical role, Middle Office always acts in tandem with Front Office work on open markets, and is supervised by Back Office managers responsible for risk and p&l controls

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