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Marsh & McLennan

Brokers insurance and runs risk and HR consulting

Banking and Financial Services Engagement Manager

Full-TimePosted on 10/21/2026
No salary listed
Senior, Expert
Bachelor's
Düsseldorf, Germany+3 moreMore locations: Frankfurt, Germany | Berlin, Germany | Munich, Germany
HybridHybrid work; willingness to travel is required.
ConsultingStrategy & Management Consulting

About the job

Requirements
  • At least 6 years of relevant experience, ideally with a top-tier strategy consulting firm or similar organization.
  • In-depth knowledge of the banking and financial services 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 and German.
  • An undergraduate or advanced degree from a top academic program.
  • Willingness to travel.
  • Ability to take initiative and seek opportunities to learn and apply new skills.
  • Creativity and the ability to develop novel ideas to solve client problems.
  • Aptitude for analytical work, including examining large datasets and identifying key issues in complex challenges.
  • Willingness to work respectfully and collaboratively with the team.
Responsibilities
  • Lead project teams through an efficient and effective problem-solving process, from developing an initial hypothesis using industry and functional knowledge through reaching a solution.
  • Ensure recommendations are bold, practical, relevant, and cohesive.
  • Provide thought leadership at the strategic level and lead projects and stakeholder engagement.
Desired Qualifications
  • Relevant experience with a top-tier strategy consulting firm or similar organization is preferred.

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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