Senior Counsel, Regulatory and Compliance

Indulge your passion for problem-solving and embrace the thrill of addressing risk head-on at Gallagher's global brokerage team. Join a family of diverse minds, united by a relentless pursuit of excellence. As part of our team, you'll be the architect of protection, safeguarding businesses and empowering their ambitions. Together, we'll build a legacy of trust and triumph in the dynamic world of risk management.

We believe that every candidate brings something special to the table, including you! So, even if you feel that you’re close but not an exact match, we encourage you to apply.

The Senior Counsel role is part of the GGB-US Legal Department and requires significant understanding of the insurance brokerage business, and the legal and regulatory framework that supports the business operation. Generally, the role requires the use of knowledge and experience in the industry to support the Compliance Department’s goals, which include evaluation of compliance risks, development of continuous improvement plans and supplementation of essential written policies/ guidelines/ standards and effectively communicating and implementing those standards within the organization. Senior Counsel will counsel and support the Licensing Team and Surplus Lines Departments, and coordinate with Operational Compliance Leads in the development of stronger processes to eliminate risk, create efficiency, and develop an audit plan to ensure insurance brokerage legal and regulatory compliance.

This position, located at GGB-US’ headquarters in Rolling Meadows, Illinois, will report directly to the GGB-US Chief Compliance Officer with a dotted line reporting to the Corporate Global Chief Compliance Officer. The successful candidate will initially be an individual contributor and critical partner to a variety of business segments who, over time, will organize process and integrate various compliance functions that are decentralized. The position demands the development and maintenance of essential relationships with business and compliance operations leaders, and our Gallagher Service Excellence team.

Main Accountabilities:

• Serve as a legal adviser on regulatory issues that impact GGB-US insurance brokerage and Specialty business including Licensure, Payment Card Industry Standards and E-Commerce, marketing, telemarketing, FCRA, TCPA, consumer protection, subscription/automatic renewal laws, data privacy laws.
• Review and approve, from a regulatory standpoint, all marketing and fulfillment material for insurance and discount medical plan organization licenses, including any supporting bond or insurance requirements used by GGB-US Affinity and its clients; communicate regulatory and business excellence standards to GGB-US stakeholders.
• Maintain file of marketing and fulfillment material, appropriate state filings, and ongoing audits to ensure compliance with legal requirements and vendor guidelines.
• Assist and support Operational Compliance Leads on development of internal training content for insurance compliance requirements.
• Align, support and collaborate with other members of the GGB-US Legal Team and provide review of client and third-party contracts for compliance required standards and terms.
• Work with Legal and Communications Teams to develop new process, procedure, and organization to resource material for the operations and sales teams.
• Monitor and interpret new regulations or law changes that affect the business and develop appropriate action plans and strategies to integrate such changes into business practice.
• Provide key oversight of all outside Licensing vendors.
• Support TPA licensing and business administration and compliance standards for the business.
• Review and coordinate with internal network security and IT teams on responses to client and other third-party compliance and risk assessment questionnaires, and RFP responses related to compliance matters.
• Participate in due diligence review of acquisition targets and outline risk and strategy for integration.
• Conduct investigation and prepare material responsive to state insurance regulators in connection with consumer complaints, required compliance filings, investigations, market conduct exams and informal inquiries.
• Participate as needed with internal investigations of legal matters that involve regulatory compliance.

Position Requirements:

• Bachelor’s degree and a minimum of 8 years of legal experience in insurance compliance and regulatory function.
• Minimum of 5 years of law firm or in-house experience working as an insurance regulatory advisor for an insurance broker or carrier required.
• D. Degree with proven academic success. Licensed in Illinois or any other state that approves in-house status.
• Prior experience working as a lead participant in a cross-functional team that supports business improvement through systems development, integration, design and training.
• Understands and has the ability to assist in operational compliance implementation.

Critical Competencies and Behaviors:

The Senior Counsel will provide essential support to the Chief Compliance Officer, will be a valued partner to the legal and business operations teams, and will possess the following competencies:

• Dedicated and committed to building and supporting the insurance compliance function in a fast paced, team-orientated environment with a specific focus on achieving favorable outcomes for the business.
• Drives and supports improved process through collaboration and training to excellence.
• Motivates individuals at all levels to strive for success and excellence.
• Unimpeachable integrity.
• Strategic, creative and analytically minded. Project focused, can set and meet deadlines; detail and task-oriented.
• Outstanding client management skills, with the ability to inspire confidence and trust through strong verbal and written communication; work directly with internal communications leaders and trainers to accomplish compliance-training goals.
• Strong interpersonal skills. Successfully interfaces with employees throughout the company by virtue of professional competence, personal integrity and approach.
• Ability to prioritize multiple assignments and work through complex compliance and regulatory issues.
• Possess advanced critical thinking and analytical ability.
• Able to work collegially, but effectively through others and build strong professional relationships.
• Solid judgment in making decisions and taking actions that build business momentum and market credibility.

#LI-KB1

We offer a competitive and comprehensive compensation package. The base salary range represents the anticipated low end and high end of the range for this position. The actual compensation will be influenced by a wide range of factors including, but not limited to previous experience, education, pay market/geography, complexity or scope, specialized skill set, lines of business/practice area, supply/demand, and scheduled hours. On top of a competitive salary, great teams and exciting career opportunities, we also offer a wide range of benefits.

Below are the minimum core benefits you’ll get, depending on your job level these benefits may improve:

• Medical/dental/vision plans, which start from day one!
• Life and accident insurance
• 401(K) and Roth options
• Tax-advantaged accounts (HSA, FSA)
• Educational expense reimbursement
• Paid parental leave

Other benefits include:

• Digital mental health services (Talkspace)
• Flexible work hours (availability varies by office and job function)
• Training programs
• Gallagher Thrive program – elevating your health through challenges, workshops and digital fitness programs for your overall wellbeing
• Charitable matching gift program
• And more...

We value inclusion and diversity

Click Here to review our U.S. Eligibility Requirements

Inclusion and diversity (I&D) is a core part of our business, and it’s embedded into the fabric of our organization. For more than 95 years, Gallagher has led with a commitment to sustainability and to support the communities where we live and work.

Gallagher embraces our employees’ diverse identities, experiences and talents, allowing us to better serve our clients and communities. We see inclusion as a conscious commitment and diversity as a vital strength. By embracing diversity in all its forms, we live out The Gallagher Way to its fullest.

Gallagher believes that all persons are entitled to equal employment opportunity and prohibits any form of discrimination by its managers, employees, vendors or customers based on race, color, religion, creed, gender (including pregnancy status), sexual orientation, gender identity (which includes transgender and other gender non-conforming individuals), gender expression, hair expression, marital status, parental status, age, national origin, ancestry, disability, medical condition, genetic information, veteran or military status, citizenship status, or any other characteristic protected (herein referred to as “protected characteristics”) by applicable federal, state, or local laws.

Equal employment opportunity will be extended in all aspects of the employer-employee relationship, including, but not limited to, recruitment, hiring, training, promotion, transfer, demotion, compensation, benefits, layoff, and termination. In addition, Gallagher will make reasonable accommodations to known physical or mental limitations of an otherwise qualified person with a disability, unless the accommodation would impose an undue hardship on the operation of our business.