Which consulting firms are hiring for experienced Associate position? Have a friend who got laid off and looking for another job.

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Depending on what exactly he/she does, and what industry... every consulting firm always. If they have solid experience every firm will literally create a position if need be

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He was working in the Compliance and Risk space but open to other similar roles as well as they kinda overlap (And he is also desperate to get a job). Interviewed with a big 4 but they dont have any openings right now.

Is he financial services? And was he previously in big 4?

Why would a big4 interview him if there was no position :0

Yes financial services and no he was with a smaller consulting firm.

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