Global Banking Chief Operating Officer

3 weeks ago


London, Greater London, United Kingdom clevelcrossing - Jobboard Full time
Global Banking Chief Operating Officer

We are seeking a highly skilled and experienced Global Banking Chief Operating Officer to join our team at Allen & Overy LLP. As a key member of our Global Banking management team, you will play a critical role in the development and implementation of our Global Banking Strategy.

Key Responsibilities
  • Lead the development and implementation of the Global Banking Strategy, working closely with the Global Banking Practice Partners to achieve our strategic aims.
  • Provide analysis and financial reporting to the Co-heads of Global Banking, highlighting areas for development and concern, and recommending actions to address these.
  • Review and provide feedback on budgets and investment plans submitted by the Banking groups globally.
  • Prepare and assess business cases for lateral partner proposals and financial projections of proposed partner promotions and equity progression.
  • Provide guidance on equity planning, allocation of discretionary points, and management in the wider Banking practice.
  • Manage the global Banking partner compensation process, including advising on proposals, drafting memos, and reviewing and moderating proposals across the other practice groups for consistency.
  • Support the partner review process globally, providing financial analysis and preparing review meeting minutes.
  • Help prepare our internal Banking partner candidates for the firm's partnership selection process on topics such as financial metrics, billing, staff retention, staff development, conflicts, client selection, equity models, and diversity.
  • Lead key strategic projects for the Global Banking practice, and coordinate Banking participation in firmwide projects.
  • Organise the annual Global Banking Partners meeting, providing ideas for agenda topics, speakers, and breakout sessions, and planning and managing the event itself.
  • Coordinate the Banking pro bono strategy and help drive increase in legal pro bono and community affairs engagement.
  • Oversight of the formal resource allocation team and driving improvements in resource allocation across Banking.
  • Proactively share knowledge and regularly present on financial information, profitability, and approaches to pricing.
Management Role in London Banking
  • Ensure the London Banking objectives are aligned with the Global Banking Strategy.
  • Enforce financial discipline among partners and the wider practice, ensuring billing targets are met, collections are timely, and older debts are chased.
  • Provide relevant and clear financial information to partners, highlighting areas of concern and recommending actions required to improve.
  • Drive the Investment Planning process within London Banking.
  • Support partners having difficulties in resourcing matters, providing resourcing solutions by using their internal network of other practice groups, offices, and Peerpoint contacts.
  • Drive the budgeting process for London Banking.
  • Business Continuity Plan owner for London Banking, leading a team to implement Banking's business recovery coordination.
  • Review of office space requirements for the practice and liaising with Business Services to ensure efficient use of our space.
  • Work with HR to support moderation of associate performance and bonus modelling for Banking.
  • Lead the support team for London Banking and ensure coordination between Finance, BD, HR, IT, and the Group Manager.
  • As a senior member of support staff, take an active role in firm programmes such as the Emerging Leaders development workshops, and support staff development programmes.
  • Lead other firm projects which require senior support leadership.

Allen & Overy LLP is committed to being an inclusive employer and we are happy to consider flexible working arrangements.



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