Front Office Market Risk

They sit on the trading floor... it doesn't mean they're legit front office bringing in revenue. I worked in market risk prior to trading. But they do have connection to the traders, though, they don't want to drink with you at the bar nor invite you lol

This is another one who says FO https://www.barclaysimpson.com/job/front-office-market-risk-manager-cre…

FO at its most boiled down point literally just means your team generates revenue for the bank. Risk teams mitigate risk but do not generate revenue therefore they inherently cannot be FO.

Bro my LinkedIn reads Analyst @ NYC based Hedge Fund and it's vague AF..... Anyone who's actually FO doesn't need to specify it. Btw if I see the word "risk" it immediately means middle office at best.

A more accurate description of your friend's role would be to say that it is client facing and not front office. There is a difference between generating revenue in the front office and client facing. There are many middle office roles that are client facing and not generating revenue, making them middle office.

However, it is very possible to have a front office role in market risk or risk management in general. There are many boutique firms as well as larger ones that provide risk management advisory services to internal and external clients. They generate revenue as they are compensated through fees, so if you are doing this, then yes you could be considered front office.

I suspect that this is not what your friend's role is from the description. They are likely sitting next to the desk on the floor and are client facing, but not directly generating revenue. I would just leave it at that. Your friend can call it whatever they want, but a spade is a spade. At the end of the day, they are supporting the trading desk. Key word: supporting.

Bahahahaha

"Market risk front office"... Not insecure about being in the BO at all...

Who tf cares?

My guess what would be that your mate works in the "traded risk" team within the bank's market risk division. Generally, professionals in TR: i) Do work closely with the traders (and are even considered "the first line of defence" by some banks; ii) Get a say in whether bigger, more risky positions are put on (but not in terms of formulating them - more outright "yes" or "no," or asking for additional colour); iii) Do also, on occasion, meet clients (although more often the PRA, etc).

It's about as "front office" as you can get in risk, but is a bit of a stretch to directly call it "front office." Even "front / middle office" is questionable. Considered an attractive position for risk professionals working in more conventional risk roles that want a greater say in the bank's trades. Can pay very well, but unlikely to pay as well as a successful trader.

There are some risk positions that actually trade, and that makes them FO. The risk group sees the consolidated positions of the entire firm...and when the firm gets skewed too heavy in any one direction...the senior risk manager has the authority to put on trades to hedge the firm...and these can be big trades, with big P&L.

most (95%) of positions in risk are not this...they are analysts who work for this guy. if you are the senior risk manager for FICC at morgan stanley or wherever, you might buy or sell 1 bln 10yr notes when the firm is too exposed (seen it happen). However, if you work in the risk group on their consolidated risk database reporting tool..you are not FO...its more like an IT job. Then there are risk assessment people who determine credit worthiness of customers, and how much exposure the firm wants to have with them. Thats sortof front office, because you might be talking to customers....but its more middle office (because its not sales...its more credit evaluation analysis...however, talking to clients has some cache i suppose...you want these people to have reasonable social skills).

Its mostly a grey area..but who cares...its a job.

Lol