2027 ISG Central Risk Industrial Placement Internship (London)

Placement and Duration

The 12-month Institutional Securities Group (“ISG”) Risk Management Industrial Placement Internship Program is designed for students required to complete a long-term internship as part of their studies or who are in their final year. The one-year internship is based in London, starts in June, and provides exposure to a variety of product areas, along with a clear understanding of how ISG operates as a whole.

ISG consists of the Sales & Trading, Investment Banking, Global Capital Markets and Research divisions. Following an initial period of training and induction, interns will spend the remainder of their placement within the ISG Central Risk Team. Interns are treated as full-time members of the team and work alongside experienced professionals at all levels.

Training Program

All new Industrial Placement Interns participate in an orientation program covering the Firm’s businesses, the transition from an academic setting to a corporate environment, and opportunities to build a global network across the Firm. Interns then attend divisional training to learn the core skills required to succeed on the job.

In addition, interns learn and network with peers, mentors, and managers through group projects and other organised events.

Role & Responsibilities

Opportunities are available within the ISG Central Risk Team, responsible for developing, embedding, and delivering the Non-Financial Risk framework centrally across ISG businesses. This includes operational, regulatory, supervision, data, cyber, model and trader mandate risk, as well as financial crimes risk.

As an in-business risk management team, we partner with ISG business stakeholders, infrastructure groups, and 2nd line control functions to establish and maintain an effective risk management program tailored to ISG’s Non-Financial Risk profile.

The team has a global presence, with members located in New York, London, Mumbai, and Hong Kong.

Successful applicants will support one or more risk areas during the placement, including assisting with:

• Organising and running senior internal NFR forums
• Managing regulatory change initiatives and responding to regulatory requests
• Monitoring and identifying trends from employee conduct incidents and supporting associated training
• Supporting ISG third-party risk management activity across the service lifecycle
• Partnering with internal control and support functions to resolve open items and progress projects in alignment with project milestones

Compensation: Salary is competitive, with excellent benefits.

Qualifications / Skills / Requirements

• You are an undergraduate studying for a degree in which a year in industry is part of your structured course syllabus.
• You have strong analytical, problem-solving, communication, and interpersonal skills.
• You can analyse and interpret complex information quickly and accurately.
• Study in a financial discipline is not essential, but you should have a strong aptitude for numbers.

Application Deadline

The deadline for applications is Friday 27th November 2026. Please note that the Firm recruits on a rolling basis, so applications are encouraged as soon as possible.

It is essential to provide accurate details in the application forms, including an up-to-date CV and cover letter, as you cannot guarantee edits will be possible after submitting your application. If permitted to edit your application, it may cause significant delays to your candidacy.

What You Can Expect from Morgan Stanley

At Morgan Stanley, the Firm raises, manages, and allocates capital for clients—helping them reach their goals. This is guided by values including putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back.

In addition to opportunities to work alongside skilled colleagues in a supportive and empowering environment, the Firm offers comprehensive employee benefits and perks. There is also ample opportunity to move about the business for those who show passion and grit in their work.

To learn more about the Firm’s offices across the globe, visit: https://www.morganstanley.com/about-us/global-offices.