GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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17:25 Jan 17, 2011 |
Serbian to English translations [PRO] Bus/Financial - Business/Commerce (general) | |||||||
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| Selected response from: Aida Samardzic Serbia Local time: 19:46 | ||||||
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operative operations Explanation: ??? |
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operative division works Explanation: Moj poslovni recnik M. Cvejic za operativa navodi: operative division... -------------------------------------------------- Note added at 55 mins (2011-01-17 18:21:37 GMT) -------------------------------------------------- http://www.proz.com/kudoz/serbian_to_english/marketing_marke... Takodje sam nasla nesto slicno u Kudozu! |
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operations Explanation: The operations division of an investment bank is often described as the 'engine room' of the organisation. Operations (also known as 'back office', and sometimes ‘middle office’) provide support to the client facing departments, such as trading, corporate finance, and corporate banking (which are sometimes known as the ‘front office’). The front office generates business for the bank, and operations ensure that that the business is administered in an efficient, controlled, risk-free and timely manner. They ensure that products, services and money change hands how they are supposed to. The exact definition of operations is sometimes extended to business services functions such as human resources, IT and public relations. Operations professionals run and manage day-to-day processes and develop new systems in order to maximise efficiency and profitability for the bank. They deal with incoming queries from their internal clients, resolve incorrect payments and ensure that client details are correct for the payment of funds. |
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4 hrs confidence: peer agreement (net): +1
1 day 2 hrs confidence:
1 day 4 hrs confidence: peer agreement (net): +1
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