Integration and Carve out Associate and Senior Associate, London

Associate / Senior Associate, London

Integration & Carve-Out | Strategy & Deals | Alpha FMC

About Alpha FMC

Founded in London in 2003, Alpha FMC is a leading global consulting firm specializing in the financial services industry. Our 1,500+ consultants work across 19 offices worldwide, combining deep sector expertise with hands-on delivery to support more than 970 clients across asset management, wealth management, insurance, and broader financial services.

We are expanding our Technology Due Diligence offering within the Strategy & Deals team and are seeking experienced professionals to lead high-profile buy-side and sell-side engagements. Our engagements deliver targeted assessments of technology risk, value creation potential, and operational resilience — enabling investors and corporate clients to make well-informed transaction decisions.

Alpha FMC is PE-backed with material investment committed to growing our Strategy & Deals practice, and Integration & Separation is a strategic priority. The chosen hire will not simply deliver engagements, they will help define how we take this capability to market, shape our service offerings and delivery approach, and build the team around them. From day one, you will carry real client responsibilities and have a direct hand in determining the success of the practice.

Level Guidance

We are open at both the Associate and Senior Associate level, depending on candidate experience:

• Associate (A): 1.5+ years of relevant experience.
• Senior Associate (SA): 3+ years of relevant experience.

Key Responsibilities

The responsibilities below apply across both levels; Senior Associates are expected to take greater ownership of project delivery.

Integration & Separation Engagements

• Support pre-deal integration and separation planning engagements, working with Engagement Leads to develop a deal impact assessment with clear picture of Day 1 close requirements and operating model changes across business functions, operations and IT.
• Work with clients and internal teams to design target operating models and integration or separation blueprints that reflect the transaction thesis and the realities of financial services operating environments.
• Support development of integration or separation strategies, governance frameworks, and Day 1 readiness plans that set programs up for success from the outset.
• Support Engagement Directors and Leads on Day 1 planning and mobilization, establishing the workstream structure, setting priorities, decision-making cadence, and early milestones required to support the client and drive the deal to a successful Close.
• Build and maintain financial models for synergy opportunities, quantifying integration costs and benefit realization to support strategic decision making.
• Support workshops with cross‑functional teams (Business, Operations and IT) to validate assumptions and ensure financial models reflect integration realities.
• For carve-outs, evaluate standalone operating model impacts across IT and business functions and assess TSA requirements and exit planning considerations.
• Evaluate how AI, data platforms, and emerging technologies can support post-deal value creation, incorporating these perspectives into integration or separation design.

Client & Stakeholder Management

• Ability to face off with senior client stakeholders, including Heads of Business Units, CFOs, COOs, and CTOs.
• Support cross functional client workshops throughout the merger process, develop pre-workshop materials and stakeholder questioners. Own post-meeting action items and follow ups.
• Develop clear and structured executive presentations with crisp narratives, using structured storylines and data driven insights.

Team & Practice

• Support business development efforts, including proposals, client pitches, and thought leadership.
• Mentor and develop associates and interns; promote knowledge sharing across the team.

Technology & Operations Due Diligence

In addition to integration and separation work, Senior Associates may support targeted technology and operations due diligence engagements, including:

• Supporting assessment of enterprise technology environments, architecture, and operational resilience in the context of a transaction thesis.
• Identifying IT and operational risks, standalone cost implications, and integration considerations relevant to deal execution.
• Contributing technical and operational findings to broader deal team workstreams.

What We’re Looking For

• Relevant experience in integration and separation planning or large transformational programs within financial services.
• Experience in the Financial Services industry is essential, including a strong understanding of the sector’s value chain, key market participants, and emerging trends, along with specialization in at least one subsector such as Asset Management, Asset Servicing, Wealth Management, Banking, Insurance, and/or the associated Financial Services FinTech ecosystem.
• Advanced Excel proficiency, including building cost / benefit financial models and developing financial bridges and synergy dashboards.
• Strong track record of supporting large transformation programs and/or supporting IT / Operational or Business Functional workstreams independently.
• Excellent analytical, problem-solving, and communication skills, with the ability to distil complex findings into actionable insights.
• Proven experience working with senior clients and/or business owners.
• Strong understanding of financial services operating models, technology landscapes, and regulatory considerations.
• Familiarity with technology or operational due diligence is advantageous.

 

What We Offer

• Competitive base salary with profit share scheme.
• 25 days annual leave plus bank holidays.
• Flexible benefits including private health insurance, life insurance, and income protection.
• Comprehensive training and development programs, including support for professional qualifications such as the CFA and IMC.