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Marsh & McLennan

Brokers insurance and runs risk and HR consulting

Banking & Financial Services Associate / Engagement Manager

Full-TimeUpdated on 10/24/2026Deadline 5/27/27
No salary listed
Mid, Senior
Bachelor's
London, UK
HybridHybrid; colleagues are expected to work in their local office or onsite with clients at least three days per week.
ConsultingStrategy & Management Consulting

About the job

Requirements
  • At least 4–8 years of relevant experience, ideally with a top-tier strategy consulting firm or similar organization.
  • In-depth knowledge of the banking sector.
  • Strong analytical and synthesis skills, including the ability to conduct and leverage sophisticated analyses to identify trends, draw conclusions, and present recommendations.
  • Outstanding written and verbal communication skills in formal and informal settings.
  • Fluency in English; fluency in another language is preferred, with French, German, Spanish, or Dutch given as examples.
  • An undergraduate or advanced degree from a top academic program.
  • Willingness to travel.
  • Initiative in seeking opportunities to learn new skills and apply existing skills.
  • Creativity in developing novel solutions to client problems.
  • Aptitude for analytical work, including examining large data sets and identifying key issues in complex challenges.
  • Ability to work fluidly and respectfully with the team.
Responsibilities
  • Associates break down complex problems into discrete tasks, identify key aspects of problems, and direct junior consultants' focus to those aspects.
  • Plan and execute analyses, identify core issues in complex analyses, and craft suitable recommendations.
  • Work side by side with clients and project team members to move projects forward and manage small teams to complete the work.
  • Provide Associates' distinctive insight into their chosen subject areas.
  • Engagement Managers lead projects day to day and guide teams through efficient problem-solving from initial analysis to a converged solution.
  • Ensure recommendations are correct, practical, sensible, relevant, and cohesive.
  • Apply strategic thought leadership while maintaining command of technical and operational execution details.
  • Lead workstreams and develop expertise sought by colleagues and clients.
  • Mentor junior consultants while continuing to develop leadership capabilities.
  • Take ownership of client relationships and increasingly complex engagements.
  • Help clients solve technology and transformation challenges, including projects in digital strategy, artificial intelligence, technology operating models, cyber resilience, and technology due diligence.
  • Measure project success by deliverables and the impact created together.
Desired Qualifications
  • Fluency in a second language, particularly French, German, Spanish, or Dutch.
  • Relevant experience with a top-tier strategy consulting firm or similar organization.

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'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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