Banking & Financial Services / Associate / Engagement Manager / Madrid

Marsh; Madrid; Hybrid; EUR 70,000 - 95,000; Full time

Benefits offered by this job

Hybrid work model

Job summary

Oliver Wyman is seeking an Associate (Banking & Financial Services) to join its European practice in Madrid. The role focuses on solving complex finance and risk challenges, leading project work streams and collaborating with senior stakeholders across our European partners.

Required +5 years in Consulting or Banking, strong team management, and fluent English and Spanish. Data & analytics experience is a plus; travel to clients worldwide is expected. Hybrid work arrangement offered.

Qualifications

• 3–6 years of relevant experience in Financial Services consulting or banking.
• Undergraduate or advanced degree in STEM, finance, or economics.
• Fluent business English and Spanish.

Responsibilities

• Break down complex problems into discrete tasks and guide junior consultants.
• Plan and execute analysis and craft recommendations.
• Work with clients and project teams to move projects forward.
• Lead small teams to deliver work.

Skills

Financial services experience

Team management

Problem solving

English proficiency

Spanish proficiency

Education

STEM or finance degree

Economics degree

Job description

Company: Oliver Wyman

Description

Who We Are

Oliver Wyman is a global leader in management consulting. With offices in more than 70 cities across 30 countries, Oliver Wyman combines deep industry knowledge with specialized expertise in strategy, operations, risk management, and organization transformation. The firm has more than 7,000 professionals around the world who work with clients to optimize their business, improve their operations and risk profile, and accelerate their organizational performance to seize the most attractive opportunities. Oliver Wyman is a wholly owned subsidiary of Marsh & McLennan Companies [NYSE: MMC]. For more information, visit www.oliverwyman.com

Summary

The candidate would become part of Oliver Wyman’s Banking & Financial Services practice, and will be part of a team that will work hand to hand with the wider OW European partners and experts to develop business and to help our to solve their most complex and ambitious endeavours on topics such as finance and risk strategy, end to end credit transformations, capital accuracy and models, smart pricing, strategic planning and financial resource management, as well as artificial intelligence and risk modelling engagements (working alongside Oliver Wyman Data and Analytics specialists). Required +5 years of relevant experience in Consulting or Banking, excellent team management, communication and problem-solving skills and proficient English and Spanish. Data and analytics skills are positively considered. We are looking for top-performing profiles passionate about problem solving and content and thrilled by the opportunity to develop a career in a leading strategic house, with sustained double-digit growth, entrepreneurial spirit and focus on culture and career sustainability.

Practice Overview

Banking & Financial Services (including our Capability Practice "Finance and Risk") is the cornerstone of Oliver Wyman’s reputation as a leader in finance and risk management. The following list is a sample of the topics our recent work has focused on, spanning the full spectrum from governance and organization to more detailed technical and regulatory work (experience on at least one of these topics is required):

• Strategy & corporate finance (market entry, growth, M&A, portfolio optimization)
• Transformation programs, strategic plan definition
• Finance, Risk & regulation (credit, market, operational, capital & liquidity, stress testing)
• Digital, data & technology (platform modernization, cloud, data strategy, AI/ML)
• Operations & cost transformation (process redesign, FTE reduction, target operating models)
• Customer & proposition design (retail, wealth, commercial banking, payments)

WHAT YOU WILL DO

You will break down complex problems into discrete tasks, identifying the key aspects of a problem and directing the focus of junior consultants to those elements. You will effectively plan and execute analysis as well as identify the core issues in complex analyses in order to be able to craft suitable recommendations. You will work side by side with clients and your project team members to move projects forward and manage small teams to get the work done. Clients and colleagues look to Associates for unique insight into the subject area which they have chosen.

Your Attributes and Experience

• 3-6 years of relevant experience, ideally with leading consulting firm(s) focused on Financial Services and/or experience with banks (General Inspection) or FinTechs
• Undergraduate or advanced degree in STEM, finance, or economics from a top university
• Outstanding written and oral communication skills with the ability to adjust your style to suit different perspectives and seniority levels.
• Fluent business English and Spanish
• Ability to break down and solve problems through quantitative thinking and analysis
• Ability to work collaboratively in a team and create an inclusive environment with people at all levels of an organization
• Ability to work under pressure and willingness to travel to clients world-wide
• Track record of delivering results in a cross-functional, high-growth, and fast-paced environment
• Willingness to work fluidly and respectfully with our incredibly talented team

Nice to have

• Industry expertise in banking with previous experience working for credit risk and finance areas
• CFA (or other relevant industry certifications) or MBA from a top-tier university

OUR VALUES & CULTURE

We create breakthroughs to achieve the amazing

• Be brave: We stand behind our beliefs while exploring what drives them. We stand up for what is right and persevere through difficulty. We venture into the unknown, staying open to our greatest possibilities.
• Lead with heart: We build relationships with clients and colleagues that last, grounded in transparency, authenticity, and trust. We love what we do and have fun while we do it. And we combine this passion with rigor and skill to drive sustainable performance.
• Strive for breakthroughs: We bring deep expertise and profound curiosity to the pursuit of ambitious ideas and uncommon insights. We ask bigger questions, seek diverse perspectives, and challenge ourselves to find the most powerful and sustainable solutions.
• Work as one: We succeed as a unified team of colleagues and clients, achieving together what separately would be beyond our reach. We care for and develop one another. We learn from differences, overcome divisions, and celebrate our shared achievements.
• Own your impact: We act as entrepreneurs and stewards of the firm. We own the journey, acting with integrity at every step. And we own our impact, holding ourselves to the highest standards to deliver stronger results for our clients, better opportunities for each other and lasting change for society.

Oliver Wyman is a business of Marsh (NYSE: MRSH), a global leader in risk, reinsurance and capital, people and investments, and management consulting, advising clients in 130 countries. With annual revenue of over $27 billion and more than 95,000 colleagues, Marsh helps build the confidence to thrive through the power of perspective. For more information, visit oliverwyman.com, or follow us on LinkedIn and X. Marsh is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age, background, disability, ethnic origin, family duties, gender orientation or expression, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, or any other characteristic protected by applicable law. In accordance with Section 40.2 of the Royal Legislative Decree 1/2013, of 29 November, approving the Consolidated Text of the General Act on the Rights of Persons with Disabilities and their Social Inclusion, Marsh will provide a reasonable accommodation to employees and prospective employees up to the point of undue hardship as required for the individual’s particular restrictions and limitations. Marsh is committed to hybrid work, which includes the flexibility of working remotely and the collaboration, connections and professional development benefits of working together in the office. All Marsh colleagues are expected to be in their local office or working onsite with clients at least three days per week. Office-based teams will identify at least one "anchor day" per week on which their full team will be together in person.