At a Glance
- Tasks: Tackle complex financial and risk challenges for top-tier clients across Europe.
- Company: Join Oliver Wyman, a leader in financial services strategy and risk management.
- Benefits: Competitive salary, flexible work options, and opportunities for professional growth.
- Other info: Diverse and inclusive workplace with a commitment to personal development.
- Why this job: Make a real impact in finance while collaborating with talented teams globally.
- Qualifications: 3-8 years in finance or consulting; strong analytical and communication skills required.
The predicted salary is between 60000 - 80000 £ per year.
The candidate will join Oliver Wyman’s Finance & Risk capability and work closely with the Banking & Financial Services practice. You will partner with UK, European and global clients to address complex strategic, financial, regulatory and transformation challenges. Key areas include finance and risk strategy, balance‑sheet and capital management, liquidity and funding, credit transformation, risk appetite, regulatory compliance, smart pricing, strategic planning, financial resource management, operating‑model design and advanced analytics.
Practice Overview
The Finance & Risk capability is central to Oliver Wyman’s reputation in financial‑services strategy and risk management. Recent engagements have spanned:
- Banking strategy and corporate finance: market entry, growth, M&A, portfolio optimisation, strategic planning and financial resource management
- Finance, risk and regulation: credit, market, operational and non‑financial risk, capital, liquidity, stress testing, recovery and resolution, ICAAP/ILAAP, IFRS 9 and supervisory engagement
- Balance‑sheet, capital and liquidity: strategic balance‑sheet management, asset/liability risk, treasury transformation, funding strategy and capital efficiency
- Credit transformation and risk operating models: end‑to‑end credit transformation, risk appetite, governance, three lines of defence, decisioning and collections
- Pricing, commercial effectiveness and customer strategy: smart pricing, customer and proposition design across retail, wealth, commercial banking and payments
- Digital, data, analytics and technology: platform modernisation, cloud, data strategy, AI/ML, model transformation and advanced risk modelling
- Operations, cost and transformation: target operating models, process redesign, cost transformation, strategic cost management, post‑merger integration and operational resilience
- Market infrastructure and capital markets: counterparty credit risk, derivatives, asset‑backed securities and broader capital markets topics
Role and Responsibilities
Senior Consultants possess the expertise to shape client problems and develop specialised knowledge. Associates break down complex problems, identify core issues, and manage smaller teams to deliver analysis and recommendations. You will work side‑by‑side with clients, plan and execute analysis, and manage project progress.
Attributes and Experience
We look for candidates with:
- 3–8 years of relevant experience, ideally from a top‑tier strategy or financial‑services consulting firm, bank, fintech, regulator or similar organisation
- Experience in Banking & Financial Services, including banking, capital markets, insurance, payments, wealth management, fintech or financial‑market infrastructure
- Exposure to finance, treasury, capital, liquidity, risk, regulation, credit, operating‑model, transformation, cost, digital, data or analytics topics
- Hands‑on experience with data, analytics, modelling or AI‑enabled financial‑services transformation is beneficial but not required
- Strong analytical and synthesis skills, with the ability to conduct or leverage sophisticated analysis to identify trends, draw conclusions and present recommendations
- Outstanding written and oral communication skills, adaptable to different audiences and seniority levels
- Fluent business English; additional European languages are beneficial but not required
- Undergraduate or advanced degree in STEM, finance, economics, business or another analytically rigorous discipline
- Collaborative teamwork ability and an inclusive approach with people at all levels
- Resilience under pressure and willingness to travel to clients in the UK, Europe and internationally
- Track record of delivering results in a cross‑functional, high‑growth, fast‑paced environment
- Curiosity, creativity and initiative to learn new skills and apply them to client challenges
- Willingness to work fluidly and respectfully with a diverse, highly talented team
We are an equal opportunities employer and are committed to embracing a diverse, inclusive and flexible work environment. We are committed to providing reasonable adjustments in accordance with applicable law to any candidate with a disability. If you have a disability that may require reasonable adjustments, please contact us.
Oliver Wyman: Finance & Risk / Senior Consultant - Associate / UK in London employer: Oliver Wyman
At Oliver Wyman, we pride ourselves on being an exceptional employer, offering a dynamic and inclusive work culture that fosters collaboration and innovation. Our Newcastle office provides a supportive environment where employees can thrive, with ample opportunities for professional growth and development, competitive compensation, and a strong commitment to work-life balance. Join us to make a meaningful impact while advancing your career in a globally recognised firm dedicated to excellence.
StudySmarter Expert Advice🤫
We think this is how you could land Oliver Wyman: Finance & Risk / Senior Consultant - Associate / UK in London
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Oliver Wyman. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Oliver Wyman: Finance & Risk / Senior Consultant - Associate / UK in London
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Oliver Wyman.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Oliver Wyman's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Oliver Wyman
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Oliver Wyman.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Oliver Wyman will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Oliver Wyman employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
