2026 Institutional Securities Group Risk Management Summer Analyst Program (New York)

Job Description

The Institutional Securities Group Risk Management (ISG Risk) Summer Analyst Program is a 10-week program, beginning with one week of classroom training followed by nine weeks of rotations across ISG Risk. ISG Risk 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 Risk Summer Analysts then attend Sales and Trading division-specific training, accompanied by an additional ISG Risk-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

You are pursuing an undergraduate Bachelor’s or Master's degree with a graduation date of December 2026 or Spring 2027.
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 $52.89 per hour at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.

Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.

It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.

Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).