2024 Institutional Securities Group Risk Management Sophomore Summer Analyst Program (New York)
Location: New York, New York
Type: Full Time
Internal Number: 19155182
The Institutional Securities Group (ISG) Business Unit Risk Management (BURM) Summer Analyst Program is a 10-week program, beginning with one week of classroom training followed by nine weeks of rotations across ISG BURM. BURM is a first line risk management function comprised of counterparty risk, electronic trading and risk management, and non-market risk. Counterparty risk is responsible for monitoring and managing counterparty risk generated by ISG businesses, including Prime Brokerage, OTC Clearing, Listed Derivatives, Institutional IED and FID derivatives, Securities Lending, and Repo. Non-Market Risk is responsible for supporting the implementation and execution of processes and projects designed to identify and mitigate different risks such as regulatory and/or operational risks. Non-Market Risk works in partnership with various areas such as Sales & Trading, Legal, Compliance, Operations, Technology, Finance, Audit and 2nd line risk departments.
Summer Analysts will rotate through our Fixed Income Counterparty Risk, ISG Counterparty Risk, and Non-Market Risk (NMR) teams. The Program features a senior management speaker series, networking events, community service, a performance review and a mentorship program. Summer Analysts receive continued on-the-job training and benefit from working alongside experienced professionals on meaningful projects. In addition to daily responsibilities on the sales and trading desks, Summer Analysts will be assigned a summer-long project, which is presented to management at the end of the summer.
Summer Analysts begin with a one-week orientation where they are introduced to the Firm's businesses and learn what it is like to be an employee at Morgan Stanley. ISG BURM Summer Analysts then attend Sales and Trading division-specific training, accompanied by an additional ISG BURM-focused training day, teaching them core skills essential for a successful summer. The curriculum includes daily market updates, business-specific overviews and basic product and technical training.
Qualifications/Skills/Requirements Morgan Stanley prides itself on fostering an environment that promotes diverse talents and perspectives. One way we demonstrate our commitment to diversity is through the Sophomore Summer Program. This program is an integral part of our diversity recruiting efforts helping to attract historically underrepresented groups in the financial services industry.
You are pursuing an undergraduate Bachelor's or Master's degree with a graduation date of December 2025 or Spring 2026. Minimum 3.0 GPA. You have basic knowledge and a keen interest in finance. You are analytical, adaptive, collaborative, a leader, and a multi-tasker. You possess strong oral and written communication skills.
Expected base pay rate for the role will be $75,000 per year at the commencement of employment. However, base pay is only part of the total compensation package, which, depending on the position, may also include discretionary bonuses and other Morgan Stanley sponsored benefit programs.