Placement and duration

This Off-Cycle Internship program runs in London and candidates will be placed into either Risk Analytics or Model Review. Timing and duration may vary according to academic commitments.

The Risk Analytics group is responsible for development of the Firm’s risk models, which are used for internal risk management and for computation of regulatory capital requirements.

The Model Review Group has global responsibility for the independent risk control, review and validation of models used by Morgan Stanley. These include derivative pricing models in all product areas, as well as models used for counterparty credit risk (CVA/IMM), market risk, operational risk, and capital and liquidity stress tests.

The Risk Analytics group is responsible for development of the Firm’s risk models, which are used for internal risk management and for computation of regulatory capital requirements.
The Risk Analytics group is responsible for development of the Firm’s risk models, which are used for internal risk management and for computation of regulatory capital requirements.
The Risk Analytics group is responsible for development of the Firm’s risk models, which are used for internal risk management and for computation of regulatory capital requirements.

Training program

Off-Cycle Interns will complete divisional on-the-job training that features market knowledge training, projects and regular review meetings.

Get to Know Our Recent Recruits

You’re working on transactions that you see on the front page.
Lyndal Associate, Global Capital Markets
Neel

Responsibilities

Risk Analytics:

  • Provide research and analytical support to London risk teams for market risk models including VaR, Stressed VaR, IRC and CRM
  • Research model developments to guarantee ongoing compliance with UK regulatory requirements
  • Oversee implementation of model changes
  • Respond to audit, validation or regulatory requests on a timely and accurate basis and work closely with other Market risk departments

Model Review:

  • Review, test and independently implement pricing, risk and/or stress test models
  • Produce written model review reports
  • Conduct on-demand analyses of model performance
  • Participate in the model control and model risk management processes of the Firm

 

*Salary is competitive with excellent benefits.

Qualifications/ Skills/ Requirements

  • You are in your penultimate or final year, studying towards a PhD or other advanced degree in a quantitative subject such as Mathematics, Financial Mathematics, Physics, Engineering, Quantitative Finance or Computer Science
  • You are available to complete the internship in 2016
  • You have a strong mathematical background in an academic setting
  • You have excellent computer programming skills
  • You have a keen interest in the financial markets and have the drive and desire to work in an intense, team-oriented environment
  • You are able to communicate effectively in both written and verbal English

alt

Morgan Stanley London

In 1977, Morgan Stanley opened its European headquarters in London, where it now has over 5,000 staff. Morgan Stanley is one of the preeminent financial services firms in the UK, with longstanding client relationships and a leading role in many landmark transactions. Our professionals value individual intellect as much as teamwork. We offer nimble, innovative services and products tailored to our clients’ needs.

Learn More

Application Process & Deadlines

Candidates are encouraged to apply early. Applicants will be required to complete online tests within 48 hours of submitting an application.

Please note we may also have some additional off-cycle positions available throughout the year, depending on business needs.

Learn more about Our Recruitment Process