They work in technology, making sure that central systems are running correctly. They can also work in areas like central compliance, monitoring employees' conversations and making sure they're not trading forbidden securities on their own accounts. Back office jobs in investment banks can be considered uninteresting and undesirable. There's a reason for this.
It was a repetitive job with very slow career progression. The good news, however, is that as banks automate systems and look for ways of saving money, technology jobs in investment banks are far more important than they used to be. The other thing to note is that it's not cool to talk about the front, middle and back office any more. Goldman Sachs, for example, has renamed all the functions in its middle and back office "The Federation.
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