Roles and responsibilities within a financial institution—a guide for an in-house banking and finance lawyer
Roles and responsibilities within a financial institution—a guide for an in-house banking and finance lawyer

The following Banking & Finance practice note provides comprehensive and up to date legal information covering:

  • Roles and responsibilities within a financial institution—a guide for an in-house banking and finance lawyer
  • Roles and responsibilities within a financial institution
  • Front office
  • Middle office
  • Tax
  • Compliance and risk management
  • Corporate treasury
  • Back office
  • Operations
  • Technology

IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marks the end of the Brexit transition/implementation period entered into following the UK’s withdrawal from the EU. At this point in time (referred to in UK law as ‘IP completion day’), key transitional arrangements come to an end and significant changes begin to take effect across the UK’s legal regime. This document contains guidance on subjects impacted by these changes. Before continuing your research, see Practice Note: What does IP completion day mean for lending lawyers?

Roles and responsibilities within a financial institution

This Practice Note is designed to cover the key roles within a financial institution, the responsibilities that each such role has and how and when an in-house lawyer may come into contact with these roles.

Financial institutions may include investment banks, retail banks, private wealth banks or other investment arms—including asset managers or funds. This Practice Note is primarily aimed at in-house banking and finance lawyers working at investment banks.

Front office

The front office is the client-facing side of a bank which generates the bank's revenue.

Some of the roles of individuals working in the front office might include:

  1. selling new trading ideas and concepts to investors

  2. helping clients find solutions to their financing issues

  3. originating and/or distributing investment products

  4. trading secondary market products

  5. issuing debt securities via the debt capital markets

  6. commercial lending, and

  7. compiling

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