Corporate Strategy for Financial Institutions

Question

Correct me if I am wrong, but I believe WSO is lacking a solid thread on Corporate Strategy for Financial Institutions (e.g. banking, capital markets, Asset Management, insurance...).

ClamKing101 · Accepted Answer

JamesHetfieldreformedJamesHetfield
This is considered to be a "Middle Office" function, correct?

.

I genuinely don't understand the point of classifying a position like this into middle/ backoffice or whatever.

These labels make sense in the context of directly supporting a business (i.e. operations or credit risk which directly support a trading desk.)

Ultimately, the functions may not directly generate revenue, but technically, neither does the CFO.

Well, I certainly did not come up with this idea, whatever I know, I learned from WSO.

ClamKing101 · Answer

JamesHetfieldOK, I am genuinely interest in this. Thanks for this.

For starters, is the Firmwide Strategy Unit in the Finance Div of Goldman an example of what you are talking about? Or the Firm Strategy and Execution Div at Morgan Stanley? This is considered to be a "Middle Office" function, correct?

And then the usual questions aimed at UG recruiting:

Where do you recruit? Do you have a specific list of "target schools" that you recruit from? What are you looking for in an incoming Analyst? What majors do you prefer?

mongoose · Answer

OK, I am genuinely interest in this. Thanks for this.

For starters, is the Firmwide Strategy Unit in the Finance Div of Goldman an example of what you are talking about? Or the Firm Strategy and Execution Div at Morgan Stanley? This is considered to be a "Middle Office" function, correct?

And then the usual questions aimed at UG recruiting:

Where do you recruit? Do you have a specific list of "target schools" that you recruit from? What are you looking for in an incoming Analyst? What majors do you prefer?

mongoose · Answer

reformedJamesHetfield
This is considered to be a "Middle Office" function, correct?

.

I genuinely don't understand the point of classifying a position like this into middle/ backoffice or whatever.

These labels make sense in the context of directly supporting a business (i.e. operations or credit risk which directly support a trading desk.)

Ultimately, the functions may not directly generate revenue, but technically, neither does the CFO.

Well, I certainly did not come up with this idea, whatever I know, I learned from WSO.

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Corporate Strategy for Financial Institutions

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Corporate Strategy for Financial Institutions

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