Firm Risk Management Summer Analyst Program (Jun 2024)

About Morgan Stanley

Morgan Stanley excels in advising, originating, trading, managing, and distributing capital for individuals, governments, and institutions, guided by their core values and a standard of excellence. They play a vital role in helping clients raise, manage, and deploy capital effectively to achieve their objectives. They also provide expert assistance in building, preserving, and managing wealth for individuals, businesses, and institutions.

Your role

At Morgan Stanley, their Firm Risk Management Division identifies, measures, monitors, and controls risks. Some of those risks include but are not limited to, regulatory risk and the risk of financial loss to the Firm and its clients. Through independent assessment of the effectiveness and consistency of risk management processes, they mitigate potential harm to the Firm and its clients.

Their risk stripes:

• Market Risk Department (MRD): MRD oversees the market risk arising from the Firm’s trading and nontrading business activities, primarily through the Firm’s Institutional Securities business. This includes identifying and defining market risks, establishing limits, and distributing comprehensive reports.  
• Wealth Management, U.S. Banks (WM Risk): WM Risk partners across risk to support Wealth Management and the U.S. Banks' business by establishing and monitoring frameworks, managing regulatory risks, and delivering strategic initiatives.
• Model Risk Management (MRM): MRM is responsible for the Firm’s model risk management framework and independently oversees model risk. MRM establishes standards for the identification, development, validation, and use of models. 

Training & development

• A 10-week Summer Analyst Program beginning in June  
• A comprehensive hands-on introduction to Financial Services and Risk Management  
• In-depth exposure to a specific Risk Stripe such as Model Risk, Market Risk, and Wealth Management Risk
• Opportunities to take on meaningful and challenging projects to assess risks and communicate findings   
• Formal training covering product and industry knowledge, soft skills, and teambuilding activities as well as informal training like on-the-job learning and weekly educational forums with Senior Management in the division 
• Each Summer Analyst will be matched up with a peer buddy and a senior leader mentor  
• Diverse culture and commitment to providing and supporting an inclusive workplace for all employees 

Salary & benefits

The annual salary for the role at this company is $ 63,000 per year.

Benefits offered may include:

• Gain hands-on industry experience.
• Learning & development programs.
• Paid time off plans (Plans vary by position).
• Flexible work schedules.
• Diverse culture.
• Free Lunch or Snacks.

Career progression

At Morgan Stanley, you'll embark on a dynamic career journey with ample opportunities for growth, skill development, and leadership, paving the way to success in the world of finance.

Work-life balance

At Morgan Stanley, a strong emphasis on work-life balance fosters an environment where employees can thrive both personally and professionally, ensuring a fulfilling and rewarding experience throughout their careers.

Culture & vibe

At Morgan Stanley, they believe that diversity makes them stronger. They come from all over the world. They are all high achievers who share integrity, intellectual curiosity, and the desire to work in a friendly, inspiring environment. 

About you

What you’ll bring to this role:

Qualifications:

• Minimum cumulative GPA of 3.0
• Graduating between December 2024 and May 2025; open to all majors 
• Strong interest in risk management, financial products, markets, and regulation
• Team player with a positive attitude and strong work ethic
• Ability to adapt positively in a fast-paced environment
• Strong communication skills (written and verbal) 
• Highly organized and detail-oriented
• Proficient in MS Office (Excel, Word, PowerPoint, Outlook); advanced skills a plus

How to apply

To apply for this role, click the "Apply on employer site" button below, which navigates to the career page where the application can be submitted directly.

Sources

The following sources were used in researching this page:

• morganstanley.tal.net
• morganstanley.com/people-opportunities/perks-benefits-working-at-morgan-stanley
• glassdoor.co.in/Benefits/Morgan-Stanley-United-States-Benefits
• morganstanley.com/people-opportunities/students-graduates/culture