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 1,419 investment professionals worldwide and 55 offices in 24 countries, Morgan Stanley Investment Management provides in-depth local knowledge while leveraging the strength of its global presence and resources.

The Off-Cycle Internship is an opportunity to experience the culture and atmosphere in the Investment Management Division by taking on some responsibilities and functions of a Full-time Analyst for a short period. The internship will commence in September 2026 and typically lasts twelve months.

Team Overview

The Risk Management Team within MSIM is responsible for identifying, assessing, managing, and monitoring risk across Investment Management, and for 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) responsible for managing investment risk across their respective asset classes
• Operational risk identifies, assesses, and monitors operational risk across Investment Management, working with 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

Training Program

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

Responsibilities

Interns will develop and master the analytical, quantitative, and interpersonal skills needed to succeed. You will employ 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 early-stage AI initiatives related to risk and data, including requirements gathering, data analysis, and proof-of-concept testing

Qualifications / Skills / Requirements

• Recent graduate or currently studying, available to commit to a full-time internship for up to twelve months
• Quantitative or data-focused 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 fast-paced environment
• Enthusiastic, self-motivated, 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 that’s differentiated, and we’ve 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—guide the decisions we make every day to do what’s best for our clients, communities, and more than 80,000 employees in 1,200 offices across 42 countries.

You’ll have the 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. Morgan Stanley also offers comprehensive employee benefits and perks, along with opportunities to move about the business for those who show passion and grit in their work.