Answer to Question #265153 in Accounting for Kajal

Question

The organization structure of a Bank’s Treasury unit involves designing of its operations

across Front office, Mid-office, and Back office. Describe each of these three operating

arms in terms of its nature, purpose / objectives, and the skills / qualifications of the

people employed in these 3 operating arms

Answer 1

1. Front desk

Day-to-day analysis and transactions linked to the management of funding, risk, cash, and liquidity are your responsibility.

2. Mid-office

It varies greatly by organization who is in charge of reporting and analysis.

3. Back office

Validate, settle, and account for deals are the core functions of the front office, which it administers and supports.