The middle office in the financial sector is the common name for a group of departments or processes responsible for checking and direct processing of client operations. Unlike the front office, middle office workers, as a rule, are not in direct contact with clients, but they carry out operations directly related to clients, for example, they check borrowers for creditworthiness , enter data into information systems received from the front. -office in unstructured form, invoice services, control the risks associated with a particular transaction.
Basic roles in the middle office:
Treasury
Lawyers (Compliance)
Product Control
Risk Management
The concept of a middle office arose in the banking sector in the early 1990s in order to bridge the information gap between the front and back office .