Chief Operating Officer - Ireland

at  Lockton Inc

DESCRIPTION

Work with the CEO and the leadership teams in both the General Insurance and People Solutions businesses in Ireland to ensure that financial goals are exceeded, customer service is delivered, operational risk is managed and all Lockton principles are adhered to.
The role will ensure compliance with all statutory and regulatory obligations across Lockton Insurance Broker’s Ireland’s (LIBI) existing operations.
Working with the leadership team supporting the development and articulation of LIBI’s strategic plan and act as the principal reporting channel for LIBI in respect of these strategic goals, budgeting, financial performance, and operational matters.
Providing a conduit between the division, wider Lockton COO community, existing London Shared Service functions, external advisors, and the business with a view to establishing consistency and best practices to support the division and business.

KEY SHORT-TERM TASKS AND RESPONSIBILITIES

• Support the division and producers (revenue generators) with local client and prospecting activity, collaboration, and cross-selling opportunities across and outside of the LIBI..
• Build strong working relationships with the office principles and operations resource.
• Understand and take on responsibility for the LIBI’s operational processes.
• Support the development of the Operations Manager, working with them to embed the corporate operating principles and Lockton model office processes and controls

MEDIUM TERM AND GENERAL KEY TASKS AND RESPONSIBILITIES

• Oversee and manage the division’s finance and operations team.
• Works with the corporate Shared Services group to ensure that office goals and objectives are achieved and aligned with the best interests of corporate goals and objectives.
• Responsibility for the overall management of operational risk within the divisionLIBI which includes ensuring adequate resourcing, 1st line business controls, operational business continuity, managing errors and omissions and outsourcing oversight.
• Is responsible for ensuring business continuity, risk register, succession and other business critical plans are up to date.
• Ensure that the Lockton Companies Operating Principles are understood and implemented in the division.
• Responsibility for ensuring effective implementation of 1st line controls within the division to mitigate regulatory risk which includes financial crime, managing ARs/IARs, safeguarding information security, conflicts of interest and gifts & entertainment.
• Ensure that the applicable regulatory bodies principles for businesses and the commitments are understood by all Aassociates and that these are implemented through Lockton International’s procedures and compliance regime.
• Conduct supervisory meetings with office management teams to ensure clear and consistent reporting of operational issues in accordance with the compliance regime.

Continued roles and responsibilities -

• Responsibility for ensuring the budgeting process is conducted in an effective and timely manner for the division and that the results are effectively incorporated into the business plan, assisting IBA with managing aged debt profiles and premium collection.
• Responsible for monitoring financial performance and forecasting against budget, developing plans to take remedial action where appropriate.
• Responsible for understanding, accepting, and promoting the Lockton culture remaining consistent with the organisation’s philosophies and mission statement.
• Facilitate the sharing of best practice in financial and operational performance across the division.
• Responsible for the satisfactory resolution of disputes that may arise between Associates, business units, other offices or areas requiring an “arbiter”.
• Responsible, with the Business Unit leader and ExCom, for recruiting, hiring and the induction of new recruits.
• Across the division assess and develop the operating unit’s productivity, effectiveness and performance in turn holding managers accountable for their individual operating units through established performance objectives, training, education, coaching and mentoring