Banking & Financial Services / Associate / Engagement Manager / Madrid

Banking & Financial Services / Associate / Engagement Manager / Madrid

Full-Time 60000 - 80000 £ / year (est.) No working from home possible
Oliver Wyman

At a Glance

  • Tasks: Solve complex finance and risk challenges while leading dynamic teams.
  • Company: Join Oliver Wyman, a global leader in management consulting.
  • Benefits: Competitive salary, professional growth, and a collaborative work environment.
  • Other info: Embrace a culture of bravery, collaboration, and continuous learning.
  • Why this job: Make a real impact in the banking sector with innovative solutions.
  • Qualifications: 5+ years in consulting or banking, fluent in English and Spanish.

The predicted salary is between 60000 - 80000 £ per year.

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.

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)
  • Summary

The candidate will become part of Oliver Wyman’s Banking & Financial Services practice.

The role involves working hand to hand with the wider OW European partners and experts to develop business and to help solve complex and ambitious engagements on finance and risk strategy, end‑to‑end credit transformations, capital accuracy and models, smart pricing, strategic planning and financial resource management, and artificial intelligence and risk modelling (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, proficient English and Spanish.

Data and analytics skills are positively considered.

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, identify core issues in complex analyses to craft suitable recommendations, work side by side with clients and 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 they have chosen.

  • Your Attributes and Experience
  • 3–6 years of relevant experience, ideally with a leading consulting firm focused on financial services or experience with banks (general inspection) or Fin Techs.
  • 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.
  • 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 our talented team.
  • Nice to Have
  • Industry expertise in banking with previous experience in credit risk and finance areas.
  • CFA (or other relevant industry certifications) or MBA from a top‑tier university.

Our Values & Culture

  • 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.

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Oliver Wyman

Contact Details:

Oliver Wyman Recruitment Team

We think you need these skills to ace Banking & Financial Services / Associate / Engagement Manager / Madrid

Consulting Experience
Team Management
Communication Skills
Problem-Solving Skills
Data and Analytics Skills
Quantitative Thinking
Financial Resource Management