Placement and Duration

The Summer Analyst Program is a 10-week program that offers an intensive hands-on introduction to Internal Audit at Morgan Stanley. The Program provides broad exposure to various functions across Internal Audit, as well as in-depth exposure to one specific function, based upon the Summer Analyst’s placement. The curriculum includes an orientation to the Firm, senior management speaker seminars, active involvement in audits and projects, and social and networking events to build the Interns’ professional networks. The program also includes peer mentors and community service events.

RESPONSIBILITIES

Primary Responsibilities

  • Carrying out detailed quantitative audit of Market Risk, Credit Risk and Operational Risk models and validations.
  • Carrying out detailed quantitative audit of pricing models and validations.
  • Provide support on financial derivatives, risk analytics in other Internal Audit engagements.
  • Documenting all work performed in a clear, concise, and re-performable manner; uploading all work papers and reports into the Internal Audit work paper system.
  • Tracking and closing technical findings identified by US Federal Regulators or UK regulators (PRA), or resulting from model audits.
  • Periodic reporting to senior management.

QUALIFICATIONS/SKILLS/REQUIREMENTS

  • Good understanding of quantitative finance and model development.
  • Knowledge of financial markets, financial mathematics and a basic fluency in stochastic calculus, statistics and Monte Carlo methods.
  • Strong interpersonal skills in order to interact confidently within Internal Audit and with internal clients.
  • Knowledge of derivative pricing models across multiple asset classes.
  • Knowledge of industry practice in risk modeling methodologies.
  • Knowledge of a wide range of financial products (Equities, Fixed Income, Commodities) and their derivatives pricing models.