In today’s regulatory environment the use of technology to manage legal documentation is essential. The financial crisis has highlighted the inadequacy of traditional documentation systems to adequately capture the risks embedded within contracts. Frequently, however, banks have lacked the internal skill-set needed to deliver legal-data infrastructure to the satisfaction of regulators and internal departments.
D2 Legal Technology (www.d2legaltech.com) was formed in November 2011 to meet this specialist skills-gap. The firm consists of a team of experts with an understanding of the law and the way in which in-house legal teams operate, alongside practical reference-data and technology expertise. We have grown rapidly over the last nine years, due to industry and client demand, to a firm of some eighty consultants spread out over Europe, US and Asia.
JOB DESCRIPTION: Associate Consultant
We are currently recruiting for a new or recent law school graduate to contribute across a number of consulting engagements within investment bank clients. The role would suit an ambitious person interested in getting exposure to the capital markets, contracts, contract data, operations and technology.
A large proportion of our work involves working with bank clients to process and/or negotiate standard trading contracts (e.g., ISDA) and amendments to those contracts. Additionally, we work with clients to structure the data that represents the terms of their contracts and discuss those with stakeholders from Legal, Compliance, Credit, Collateral Management, Quants Strats and IT Reference Data departments – thereby creating opportunities to leverage technology to improve the quality and efficiency of the business processes that must correctly apply and process the terms contained within their trading agreements. Evolving banking regulations necessitate continued monitoring and enhancement of these contracts. For example, amendments are required to these contracts to react to the replacement of LIBOR. This change is affecting millions of financial contracts used by banks around the world.
In addition, the successful candidate will help support business development/marketing of D2LT’s services within the US.
- JD required.
- Problem solvers; with interests spanning law (across geographies), application of technology (including AI and Machine Learning), and an appreciation of the use of data to streamline business processes.
- Some capital markets experience (desirable).
- Excellent attention to detail and ability to follow instructions.
- Strong work ethic.
- Intermediate Microsoft Excel/Word/PowerPoint.
Key requirements of the successful candidate are strong work ethic and desire to succeed attitude, coupled with a drive to take advantage of the learning opportunities the role offers. Assignments will likely involve reviewing legal contracts and assessing the contract language relative to regulatory requirements. This role will initially require remote working. In the future, working with clients in New York city or other locations may be required.