Our client, Arthur J. Gallagher & Co. (Gallagher) is a global FORTUNE 500 company, traded on the New York Stock Exchange under the symbol AJG. Gallagher and its subsidiaries are engaged in providing insurance brokerage, consulting services and third-party claims settlement and administration services to both domestic and international entities.
Gallagher plans, designs, and administers customized and cost-effective property/casualty insurance and risk management programs. Gallagher also furnishes a broad range of risk management services including claims and information management, risk control consulting and appraisals to help corporations and institutions reduce their cost of risk. In addition, Gallagher assists clients in all areas of their employee health/welfare and retirement plans, including plan design, funding and administration.
Since its founding in 1927, Gallagher has grown from a one-man agency to the world’s fourth largest insurance broker based on revenues, as well as the world’s largest third-party property/casualty claims administrator. As of November 1, 2020, Gallagher has nearly 33,000 employees, and a market capitalization of $20BB. Gallagher has operations in 49 countries and, through a network of correspondent brokers and consultants, offers client service capabilities in more than 150 countries around the world.
Gallagher believes that its major strength is its ability to deliver comprehensively structured insurance and risk management services to its clients. Gallagher’s brokers, agents and administrators act as intermediaries between insurers and their customers and Gallagher does not assume underwriting risks. Gallagher’s growth has been driven by its team’s ability to adapt to changing market conditions, identify and pursue emerging business opportunities, forge strong relationships with clients and insurance markets, and acquire other insurance brokers with similar cultures and complementary products and services. Gallagher considers itself a sales and marketing organization dedicated to providing excellence in risk management services to its clients.
Gallagher has been ranked by the Ethisphere Institute as one of the World’s Most Ethical Companies for 9 consecutive years, and has won numerous awards for its global business practices. In addition, Gallagher has been named to Forbes’ 2020 list of the World’s Best Employers for Women.
Gallagher’s unwavering commitment to ethics and compliance is contained in its Global Standards of Business Conduct, which embodies the shared values expressed in the Gallagher Way, the bedrock principles on which the company has operated since its inception.
Open as a result of an internal promotion, this position is located at Gallagher’s corporate headquarters in Rolling Meadows, Illinois, and reports to the Vice President and General Counsel. The Global Chief Compliance Officer will be responsible for providing global strategic leadership on ethics and compliance issues, driving compliance initiatives and projects to completion, as well as ensuring continuous implementation and enhancement of Gallagher’s global compliance program.
The Global Chief Compliance Officer will be a proven leader who possesses the executive presence to exercise influence and effectuate results, and who can build relationships throughout the global organization with Gallagher’s management team, CEO and Board of Directors, as well as with global business leaders.
The Global Chief Compliance Officer will be responsible for providing proactive, business-focused legal and compliance counsel to Gallagher’s global operations and will be required to:
Work collaboratively with a variety of stakeholders, including Gallagher’s senior management and Board of Directors, global compliance resources in the business units, as well as other Gallagher staff functions (e.g., human resources, internal audit, IT, risk management) to identify and minimize compliance risks and drive continuous implementation of compliance initiatives company-wide. Oversee employees engaged in compliance globally.
Maintain an ongoing monitoring program to measure the effectiveness of Gallagher's compliance program and to identify successes and as well as areas for further improvement;
Continually develop, drive and implement processes, policies and procedures to ensure compliance with Gallagher’s Global Standards of Business Conduct as well as key laws and regulations such as FCPA and those administered by OFAC;
Manage a small team of direct reports, as well as provide oversight and direction to a compliance team of about 100 employees worldwide;
Manage the Global Chief Privacy Officer, and provide direction and support on global privacy matters, including data privacy and cyber security;
Prepare reports on compliance initiatives and present to Gallagher’s senior management and Board of Directors as required;
Working closely with global business leaders and business unit compliance resources, be responsible for due diligence, education and monitoring of Gallagher’s suppliers, strategic vendors and business partners and agents to ensure their understanding of, and compliance with, Gallagher’s Global Standards of Business Conduct and applicable laws and regulations.
Provide advice, counsel and support on compliance issues arising out of Gallagher’s merger and acquisition activity, including due diligence and acquisition integration.
Collaborating closely with other stakeholders such as internal audit, IT, and/or Gallagher’s General Counsel, lead and/or assist in the investigation and evaluation of allegations of noncompliance. Develop, continuously monitor, and ensure implementation of corrective action plans.
Stay current and serve as a subject matter expert on legal and compliance developments, industry activities and emerging trends relating to Gallagher’s global business, including anti-corruption laws and requirements.
A JD from a leading law school, with proven academic success.
At least ten years relevant experience representing a global company in compliance matters, preferably in the financial services industry. Prior experience practicing commercial law in both a law firm and a corporation is a plus, as is prior experience with privacy matters, such as data privacy and cyber security.
Proven success serving as a change agent in developing and continuously implementing and enhancing a compliance program with a global company, including prior experience auditing and monitoring compliance processes and controls.
Strong project management capability, with a bias for well-informed action.
Demonstrated leadership talent, with the ability to motivate and interface with employees at all levels by virtue of keen business acumen, excellent judgment, professional competence, emotional intelligence, credibility, flexibility and personal integrity. Proven capability leading and influencing global cross-functional teams.
Exceptional interpersonal skills, with an ability to inspire trust and confidence with internal and external stakeholders with different cultural backgrounds.
Strong written and verbal communication skills, including the ability to clearly and concisely articulate complex legal concepts to a lay audience.
Ability to issue spot and provide incisive, practical and business-focused compliance advice and counsel. Creativity and resourcefulness. Strong problem solving skills with a pragmatic orientation.
Demonstrated experience in cost-effectively and proactively engaging and managing outside counsel and other service providers on a global basis.
An ability and desire to travel internationally to support global compliance.
License to practice law and in good standing under the Bar of any state that enables admission to practice as in-house counsel in Illinois.
About Insight Executive Search Partners, Inc.
Insight Executive Search Partners is a woman-owned boutique retained executive search firm. Insight was formed in 2006 by two veteran search professionals with over thirty years’ experience. We understand that top talent distinguishes top companies and we partner with our clients to help them gain the competitive edge. We are passionate about providing focus, responsiveness and high quality service to our clients to assist them in reaching their potential. Because of our boutique nature, we work with a select group of clients and are able to effectively recruit with minimal blocking. Our disciplined approach to the recruiting process, experience and sustained focus allows us to successfully execute our searches. We are rigorous about selecting leaders who will be a good cultural fit and who will positively impact our client’s organization.