Organizing Our Initial Thoughts…
Proposed Mission: Is an “update” needed to our recommended
best practices for an effective back office in support of trading &
risk?
1. Exactly what is the scope of the trading “back office?”
• Consensus on back-office duties?
2. What are the risks of poor performance of these duties? Or:
Why does the risk organization have a stake in this?
3. Is our three-independent-office model in need of an
update?
• What are distinctive duties found in a trading back office that require
a center of expertise
• What are possible alternative organizational structures to consider?
Costs/Benefits?
• Should we advocate a distinct “Risk Back-office”?
www.ccro.org
3
Proposed Mission: Is an “update” needed to our recommended
best practices for an effective back office in support of trading &
risk?
1. Exactly what is the scope of the trading “back office?”
• Consensus on back-office duties?
2. What are the risks of poor performance of these duties? Or:
Why does the risk organization have a stake in this?
3. Is our three-independent-office model in need of an
update?
• What are distinctive duties found in a trading back office that require
a center of expertise
• What are possible alternative organizational structures to consider?
Costs/Benefits?
• Should we advocate a distinct “Risk Back-office”?
www.ccro.org
3
