A compliance officer, paralegal or an ISDA negotiator. One with some legal training but no actual practising certificate. To the chagrin of those who do hold practising certificates, Mudbloods are, like Hermione Grainger, capable of deep legal insight — often in respect of things you’ve overlooked — and more importantly, with decades of experience in the markets, having seen everything, possessed of a deeply burnished pragmatism which boy wizards will — or at any rate should — deeply envy.

See also

Dramatis personae: CEO | CFO | Client | Employees: Divers · Excuse pre-loaders · Survivors · Contractors · The Muppet Show | Middle management: COO · Consultant · MBA | Controllers: Financial reporting | Risk | Credit | Operations | IT | Legal: GC · Inhouse counsel · Docs unit · Litigator · Tax lawyer · US attorney Lawyer | Front office: Trading | Structuring | Sales |