Back-office definition

The internal operations of an organization that are not accessible or visible to the general public.

Of or having to do with the routine internal functions of a business or institution.

Departments that manage banks or financial companies’ accounting, administrative, information technology, and trading settlement operations. Those departments support the firms’ trading and underwriting activities but do not interact with clients. Typically, back offices are located in office space that is away from prime real estate, where the company’s headquarters are.