2026 Investment Management Off-cycle Internship Risk Management (London)

PLACEMENT & DURATION

Morgan Stanley Investment Management (MSIM) together with its investment advisory affiliates has about $1.5 trillion in assets under management or supervision. With 1419 investment professionals worldwide and 55 offices in 24 countries Morgan Stanley Investment Management is able to provide in-depth local knowledge and expertise while channelling the strength of our global presence and resources. To support the delivery of tailored value-added investment solutions to clients our investment teams are organized by capability: Solutions & Multi-Asset Real Assets Active Fundamental Equity Private Credit & Equity Global Fixed Income and Global Liquidity. Morgan Stanley Investment Management strives to provide outstanding long-term investment performance service and a comprehensive suite of investment management solutions to a diverse client base which includes governments institutions corporations and individuals worldwide.

The Off-Cycle Internship is an opportunity to experience the culture and atmosphere in the Investment Management Division by taking on some of the responsibilities and functions of a Full-time Analyst for a short period. This internship will offer you an exciting and a dynamic work environment where you get to work alongside our diverse group of experienced professionals. The work that you do will be interesting and varied.

The Risk Management Team within MSIM is responsible for identifying assessing managing and monitoring risk across Investment Management and providing reporting and analysis for clients regulators Investment Management and Firm Management. Global Risk & Analysis is divided into three primary functions:

• Investment risk groups (Equity Fixed Income Alternatives and Cross-Asset) have responsibility for management of investment risk across their respective asset classes
• Operational risk identifies assesses and monitors operational risk across Investment Management and works both with the investment teams and control functions to mitigate that risk
• Quantitative risk develops and validates models used for portfolio construction valuation and risk measurement across Investment Management

The internship will commence in September 2026 and typically lasts twelve months. This internship will offer you an exciting and a dynamic work environment where you get to work alongside our diverse group of experienced professionals. The work that you do will be interesting and varied.

TRAINING PROGRAM

You will receive on-the-job training and benefit from working alongside experienced professionals on a variety of projects.

RESPONSIBILITIES

Interns will have the opportunity to develop and master the analytical quantitative and interpersonal skills they will need to succeed. Interns will learn to employ the skills fundamental to risk management for an asset management firm including:

• Support operational and data risk programs across the division
• Contribute to risk assessments control reviews and remediation tracking
• Analyse operational risk incidents data issues and control gaps to identify trends and root causes
• Build and maintain risk dashboards KPIs and analytical reporting
• Prepare and enhance risk governance materials for senior management and committees
• Identify opportunities to improve NFR and Data Risk processes including the use of data automation and AI
• Support earlystage AI initiatives related to risk and data including requirements gathering data analysis and proofofconcept testing

QUALIFICATIONS/ SKILLS/ REQUIREMENTS

• Recent graduate or currently studying and available to commit to a fulltime internship for up to twelve months
• Quantitative or datafocused academic background (e.g. data analytics statistics engineering computer science economics finance)
• Strong interest in the Asset Management industry and Risk Management
• Advanced analytical and quantitative skills with strong attention to detail
• Fluency in English with excellent verbal and written communication skills
• Ability to manage dynamic priorities in a fastpaced environment
• Enthusiastic selfmotivated and a collaborative team player

WHAT YOU CAN EXPECT FROM MORGAN STANLEY

At Morgan Stanley we raise manage and allocate capital for our clients helping them reach their goals. We do it in a way thats differentiated and weve done that for 90 years. Our values - putting clients first doing the right thing leading with exceptional ideas committing to diversity and inclusion and giving back - arent just beliefs they guide the decisions we make every day to do whats best for our clients communities and more than 80000 employees in 1200 offices across 42 countries. At Morgan Stanley youll find an opportunity to work alongside the best and the brightest in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey offering some of the most attractive and comprehensive employee benefits and perks in the industry. Theres also ample opportunity to move about the business for thosewho show passion and grit in their work. To learn more about our offices across the globe please copy and paste your browser.