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Marsh & McLennan

Brokers insurance and runs risk and HR consulting

Banking & Financial Services Associate Engagement Manager

Full-TimeUpdated on 10/24/2026
No salary listed
Mid, Senior
Bachelor's, Master's, MBA
Madrid, Spain
HybridHybrid; expected to work in the local office or onsite with clients at least three days per week. Willingness to travel to clients worldwide.
ConsultingRisk, Regulatory & Legal Advisory

About the job

Requirements
  • At least 5 years of relevant experience in consulting or banking.
  • Three to six years of relevant experience, ideally at a leading consulting firm focused on financial services, or experience with banks or FinTechs.
  • An undergraduate or advanced degree in STEM, finance, or economics from a top university.
  • Outstanding written and oral communication skills, with the ability to adjust communication style to 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 worldwide.
  • Track record of delivering results in a cross-functional, high-growth, and fast-paced environment.
  • Willingness to work fluidly and respectfully with the team.
  • Experience on at least one topic spanning governance and organization through technical and regulatory work, including strategy and corporate finance; transformation programs; finance, risk, and regulation; digital, data, and technology; operations and cost transformation; or customer and proposition design.
Responsibilities
  • Break down complex problems into discrete tasks, identify key aspects of problems, and direct junior consultants' focus to those elements.
  • Plan and execute analysis effectively, identify core issues in complex analyses, and craft suitable recommendations.
  • Work side by side with clients and project team members to move projects forward.
  • Manage small teams to complete project work.
  • Provide clients and colleagues with unique insight into the selected subject area.
Desired Qualifications
  • Data and analytics skills are positively considered.
  • Industry expertise in banking, including previous experience in credit risk and finance areas.
  • CFA or other relevant industry certifications.
  • MBA from a top-tier university.

About the company

Marsh & McLennan Companies, which operates under the Marsh brand, is an insurance broker and consulting group serving businesses, governments and institutions worldwide. Its Marsh Risk unit arranges property, casualty, cyber and employee-benefit coverage, while Guy Carpenter places reinsurance for insurers. Mercer advises employers on pay, benefits, retirement and investments, and Oliver Wyman, Lippincott and NERA handle strategy, brand and economic consulting. Brokers earn commissions and fees from placing coverage, and consultants bill client fees or charge fees based on assets or plan members. The company traces its roots to 1871 and is headquartered in New York City.

Company Size

10,001+

Company Stage

N/A

Total Funding

N/A

Headquarters

New York, NY

Founded

1871

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Simplify Jobs

Simplify's Take

What believers are saying

  • Consulting drives growth: Mercer and Oliver Wyman's group grew 8% organically in the June 2026 quarter, versus 3% for broking.
  • Profits cushion jobs: Marsh kept about 27 cents of operating profit per sales dollar in 2025, before one-time costs.
  • Many career paths under one employer: 95,000+ colleagues span broking, reinsurance, benefits and strategy consulting in 130 countries.

What critics are saying

  • Expect cuts: Thrive, announced October 2025, sets aside $500 million, mostly severance and technology, to save $400 million yearly.
  • Pricing works against broking: Marsh's index shows commercial rates fell 6% in the June 2026 quarter, an eighth straight drop.
  • Back-office roles are being consolidated: a Business and Client Services unit is pooling operations and technology teams company-wide.

What makes Marsh & McLennan unique

  • Consulting is a third of the business: Mercer and the Oliver Wyman group earned 36% of 2025 revenue.
  • Investment management sets it apart: Mercer is the world's largest outsourced chief investment office, running portfolios for institutions.
  • Scale sets it apart: 2025 revenue grew 10% to $27.0 billion across broking, reinsurance and consulting.

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