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(Senior) Associate (m/f/d) – Financial Services

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Location: Munich, Germany
Date Posted: Jun 4, 2024

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The practice:

This role sits within the Financial Services Advisory practice at Alvarez & Marsal Germany, likely to be based in Frankfurt (although we do have other Germany offices available). We serve clients across the EMEA Financial Services spectrum and focus on banks, insurers, reinsurers, wealth and asset managers, payments businesses, regulatory authorities and other specialized Financial Services firms.


A&M’s professionals work on some of the world’s most high-profile programs in a rapidly transforming financial services landscape, striving for game-changing solutions that provide impactful and sustainable long-term impact. Our global team is comprised of highly skilled consultants and seasoned financial services executives from diverse backgrounds.


Through our practice, we assist Financial Services institutions targeting sustainable performance improvement, transformation and/or advisory for buy & sell side M&A. Working directly with our client’s senior leadership, A&M's involvement reassures all stakeholders that the company takes important steps to address issues and maximize its value.


About the role:


An opportunity exists for an experienced consultant with proficiency in the German language, specialized in Financial Services advisory at (Senior) Associate level.


Excited by the opportunities and challenges that the EMEA Financial Services sector faces in today’s challenging market, the successful candidates will work with the most demanding and sophisticated clients to identify and deliver solutions to address their most pressing pain points.


The consultant will work with our existing team to build the profile and reputation of A&M in the Financial Services in Germany and more broadly across the whole DACH region and EMEA.




You will support the delivery of performance improvement, transformation and M&A transactions projects within the Financial Services industry, aimed at tangible and sustainable value. The assignments will range from identifying actions to drive revenues, improve margins, designing a new target-operating-model, implementing a transformation plan, supporting the execution of an M&A transaction, managing a post-merger integration to conducting a strategic technology diagnosis.


To do this effectively, you will need to:

  • Work closely with senior stakeholders in the client’s business and with professionals from other leading Financial Services institutions;
  • Be an action-oriented self-starter with strong analytical skills;
  • Be comfortable working independently as well as in a high performing A&M + client senior stakeholders teams;
  • Produce extensive financial / operational / business modelling and analysis whilst owning and driving one or more project workstreams;
  • Be involved in business development activities.



  • Established experience working in Financial Services advisory in a in international environment, including performance improvement, merger integration initiatives, transformation, project management;
  • Additional operational experience within high profile Insurance and / or Banking institutions is highly desirable;
  • Experience within a strategy-focused Consulting Firm (either Big4, MBB or a Financial Services-focused boutique);
  • Strong stakeholder management skills at senior (up to Management Board) levels;
  • Business development and team management capabilities;
  • Excellent financial modelling skills and written/verbal presentation skills;
  • Driven by creating long-lasting impact, and enjoy working in teams to achieve results;
  • Native or fluent and effective German and English (both written and verbal). Additional European languages are desirable;
  • Flexibility to travel across the country, and the wider Europe where required;
  • A Master's degree or higher academic qualifications are strongly preferred;


Why A&M?


Companies, investors and government entities around the world turn to Alvarez & Marsal (A&M) for leadership, action and results. A&M’s leadership is about a bias towards action and the willingness to tell clients what we think is needed, backed with solid and pragmatic analysis. Our restructuring heritage sharpens our ability to act decisively. Clients select us for our deep expertise and ability to create and deliver practical, rather than theoretical, solutions to their unique problems in addition to our objectivity. 


Privately held since its founding in 1983, A&M is a leading global professional services firm that provides advisory, business performance improvement and turnaround management services. When conventional approaches are not enough to create transformation and drive change, clients seek our deep expertise and ability to deliver practical solutions to their unique problems.


With over 10.000 professionals across four continents, we deliver tangible results for corporates, boards, private equity firms, law firms and government agencies facing complex challenges. Our senior leaders, and their teams help companies act decisively, catapult growth and accelerate results. We are experienced operators, world-class consultants, former regulators and industry authorities with a shared commitment to telling clients what’s really needed for turning change into a strategic business asset, managing risk and unlocking value at every stage of growth.

Diversity & Inclusion

A&M’s entrepreneurial culture celebrates independent thinkers and doers who can positively impact our clients and shape our industry. The collaborative environment and engaging work—guided by A&M’s core values of Integrity, Quality, Objectivity, Fun, Personal Reward, and Inclusive Diversity—are the main reasons our people love working at A&M. Inclusive Diversity means we embrace diversity, and we foster inclusiveness, encouraging everyone to bring their whole self to work each day. It runs through how we recruit, develop employees, conduct business, support clients, and partner with vendors. It is the A&M way.

Equal Opportunity Employer

It is Alvarez & Marsal’s practice to provide and promote equal opportunity in employment, compensation, and other terms and conditions of employment without discrimination because of race, color, creed, religion, national origin, ancestry, citizenship status, sex or gender, gender identity or gender expression (including transgender status), sexual orientation, marital status, military service and veteran status, physical or mental disability, family medical history, genetic information or other protected medical condition, political affiliation, or any other characteristic protected by and in accordance with applicable laws. Employees and Applicants can find A&M policy statements and additional information by region here.

Unsolicited Resumes from Third-Party Recruiters

Please note that as per A&M policy, we do not accept unsolicited resumes from third-party recruiters unless such recruiters are engaged to provide candidates for a specified opening and in alignment with our Inclusive Diversity values. Any employment agency, person or entity that submits an unsolicited resume does so with the understanding that A&M will have the right to hire that applicant at its discretion without any fee owed to the submitting employment agency, person or entity.

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