Insurance and Asset Management Finance & Risk team - Associate or Engagement Manager - UK...

The role will be based in one of the following cities: London, Munich, or Amsterdam.

Practice Overview

Oliver Wyman’s Insurance and Asset Management practice draws upon our industry expertise, strategic thinking, analytical insight and market‑leading intellectual capital to create value for leading property and casualty, life, and health insurers and reinsurers. We also help private capital clients to identify and evaluate opportunities in the insurance space to deliver superior returns on their funds. We operate at the C‑suite level and have established a reputation for deep industry expertise and impactful advice. The practice is growing rapidly and now wishes to add talented and motivated individuals to the high‑calibre team.

Role and Responsibilities

We offer specialised industry knowledge and expertise that amplifies our impact and shapes the future for our clients. Our team members in Insurance and Asset Management are all specialists in the field. This role will be part of our Insurance and Asset Management practice, with a primary focus on Finance & Risk for Insurers and Asset Managers (FRIAM). The primary responsibility of this role is project management, where you will lead the team through an efficient and effective problem‑solving process, guiding them from initial thoughts to a solution. You will ensure that recommendations are appropriate, practical, sensible, relevant, and cohesive. This position requires strategic thought leadership, as well as a strong command of technical and operational execution. Excellent communication skills, the ability to mentor junior team members, and the capacity to build strong relationships are essential.

Desired Skills and Experience

• Minimum of 3 years of relevant experience with a top‑tier consulting firm or alternatively, minimum 3 years of experience working at a large insurer, with an emphasis on insurance and asset management expertise.
• Knowledge of finance and/or risk management topics, including technical aspects such as Solvency II/UK internal models and credit risk modelling.
• Proven track record in project management, coupled with strong experience in effectively managing teams.
• Strong problem‑solving and analytical skills.
• Outstanding written and oral communication skills in both formal and informal settings.
• Track record of taking the initiative, seeking out opportunities to learn new skills and put the ones you’ve already got to good use.
• Demonstrated creativity, capable of generating innovative ideas to solve our clients’ most pressing challenges.
• Undergraduate or advanced degree from a top academic program.

Benefits

At Oliver Wyman, a Marsh business, we bring deep industry insight, bold innovation, and a collaborative approach that cuts through complexity to help organizations navigate transformative moments. As a business of Marsh, we work alongside leading experts across risk, reinsurance, capital, investments, and management consulting. Together with Marsh Risk, Guy Carpenter, and Mercer, we help organizations build resilience and competitive advantages from every angle. Working as part of our global, entrepreneurial company, you will do meaningful work from day one. We are looking for individuals who challenge the norm and constantly strive to build something new for the firm and the world around us.

At Oliver Wyman, there’s no “one size fits all” – we hire exceptional people and help them thrive through a built‑in support network, flexible career paths, and no barriers to advancement. We have a collaborative, supportive and impactful team environment – we want you to bring your authentic self to the team and enjoy working alongside diverse and down‑to‑earth colleagues who do serious work but enjoy what they do.

Oliver Wyman has a genuine, deep and growing commitment to culture and diversity.

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, civil partnership status, disability, ethnic origin, family duties, gender orientation or expression, gender reassignment, 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. We are an equal opportunities employer. We are committed to providing reasonable adjustments in accordance with applicable law to any candidate with a disability to allow them to fully participate in the recruitment process. If you have a disability that may require reasonable adjustments, please contact us at reasonableaccommodations@mmc.com.

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.