Practice Group: Financial Services
Role: Senior Consultant/Associate
Experience: 3+ years of relevant experience in Financial Services, ideally with a top-tier strategy consulting firm
Eligibility: Permanent U.S. work authorization is required for U.S. office locations.
Financial Services Practice Group Overview
Oliver Wyman is shaping the future of the financial services industry by helping the world’s top financial institutions address their most significant issues. We have an unparalleled understanding of the evolving market structures, economics, and strategic and regulatory trends across all segments of the financial services sector. Our distinct approach is characterized by deep specialization and rigorous fact-based analysis.
The Practice Group is organized into different practices either serving specific financial services segments (Corporate & Institutional Banking, Retail & Business Banking, Wealth & Asset Management, Insurance) or providing functional expertise across these segments (Finance, Risk & Public Policy).
We are searching for highly qualified Strategy Consulting candidates, to work broadly across our financial services practices areas and create valuable impact for our clients.
Corporate & Institutional Banking
We support global investment banks, regional and domestic wholesale banks, market infrastructure and institutional investors with strategic and operational issues including position analysis and growth strategy, client coverage and organization, resourcing, performance and compensation, and risk and portfolio management.
Retail & Business Banking
We advise top banks, credit institutions, payments companies, and investment firms on serving consumer households and small and medium-sized businesses through product/solutions innovation, distribution strategy development, process review and redesign, and customer retention.
Wealth & Asset Management
We provide Asset Managers, Wealth Managers, Private Banks, and Asset owners with a deep understanding of and broad expertise in investment management strategy, regulation and governance, and distribution of products and services.
We work with P&C, life, health insurers, distributors, asset managers, PE firms, reinsurers, regulators and Government bodies, carrying out work across the spectrum of insurance industry problems, including overall growth strategies, distribution issues, cost and operational design, finance, M&A and risk measurement / management.
We partner with CFOs and their teams at financial institutions to shape their strategy, workforce, operations, and technology improvements and make an organization-wide impact while improving cost efficiency.
Risk & Public Policy
We help our clients effectively manage the risks arising from their full range of business activities, spanning topics such as risk governance; capital planning and stress testing; core financial risks (e.g. credit, market); emerging risks such as climate risk and cyber risk; and associated methodologies, processes and infrastructure.
The Role and Responsibilities
Experienced professionals bring the know-how to make lasting change for our clients and our company. We are not typical ‘management’ consultants. We provide industry – and discipline -specific knowledge and expertise, which amplifies our impact and helps us shape the future for our clients. Oliver Wyman is a diverse, entrepreneurial, collaborative partnership of people who like to pursue new opportunities or build a unique franchise doing what they do best in a collegial and fun environment.
FS Affiliate Consultants (Senior Consultants and Associates) break down complex problems into discrete tasks, identifying the key aspects of a problem and directing the focus to execute those elements. You will effectively plan and execute analysis as well as identify the core issues in complex analyses in order to be able to craft suitable recommendations. You’ll work side by side with clients and your project team members to move projects forward and manage the execution of project modules to get the work done.
Your Attributes and Experience
Clients hire Oliver Wyman for specialized expertise, the ideal candidate will have most of the following:
· 3+ years of relevant experience in Financial Services, ideally with a top-tier strategy consulting firm or with an industry track record of managing teams or work streams and delivering against tight deadlines in fast paced and demanding environments
· In-depth knowledge within Financial Services industry, breadth across or depth within one of our practice areas is preferred
· Undergraduate and/or advanced degree from a top academic program
· Strong background in strategic problem solving with demonstrable analytical skills
· Outstanding communication skills; confidence in presenting to senior executives
· Proactive initiative, seeking out opportunities to learn new skills and put the ones you’ve already got to good use
· Creativity, ability to come up with novel ideas to solve our clients’ biggest problems
· An aptitude for analytical work, like sniffing out clues in massive data sets or hunting down the key issues in a hugely complex problem
· A willingness to work fluidly and respectfully with our incredibly talented team
· A willingness to travel
Why work at Oliver Wyman?
Working as part of our global, entrepreneurial company, you’ll do meaningful work from day one. We’re looking for people 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 artificial barriers to advancement. We have a collaborative, supportive and impactful team environment – we want you to bring your authentic self and enjoy working alongside diverse and down-to-earth colleagues who do serious work, but don’t take themselves too seriously.
Our Values & Culture
We’re serious about making OW a rewarding, progressive, enjoyable and balanced place to work.
· Self-starters and free thinkers who work well in a team
We are self-starting, motivated, energetic, entrepreneurial about what we do
· Common aspiration, collective endeavor, shared success
We have the common aspiration to have an impact, leave a legacy and change the world. We have no interest in running a steady-state business. We want to build, grow and shape the environment around us
· Straightforward, open, respectful interaction
We value an environment where every member of Oliver Wyman is encouraged and expected to voice his or her opinion
· Opportunity without artificial barriers
We value merit and believe that to create a true meritocracy we need to remove artificial barriers to opportunity
· Balanced lives
We value people whose lives balance work and non-work activities because we believe they are both more interesting colleagues and are able to make better contributions to the Firm. We push ourselves hard to deliver excellence, but we also work to extract the maximum benefit from the flexibility of a project-based business. We provide the ability to take career breaks for personal or family reasons. We fundamentally value each other’s time and are sensitive to how it is used. We are an output not input-based culture, have respect for people’s personal decisions, and believe that one’s workload must be sustainable. We seek balance for ourselves and our colleagues.