2027 ISG Central Risk Industrial Placement Internship (London)

Since 1935, Morgan Stanley is known as a global leader in financial services, continuously evolving and innovating to better serve our clients and our communities in more than 40 countries around the world.

Placement and Duration

The 12-month Institutional Securities Group (“ISG”) Risk Management Industrial Placement Internship Program is aimed at students who are required to complete a long-term internship as part of their studies or are in the final year. The one-year internship, which is based in London and begins in June, offers you the opportunity to learn about a variety of product areas, while providing a clear understanding of how ISG (consisting of the Sales & Trading, Investment Banking, Global Capital Markets and Research Divisions) operates as a whole. Following an initial period of training and induction, you will spend the remainder of your 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 the chance to establish a network throughout the Firm globally. Interns then attend divisional training where they learn the core skills required to be successful on the job. In addition, all Interns learn and network with peers, mentors and managers through group projects and other organised events.

Role & Responsibilities

Roles are available within the ISG Central Risk Team which is responsible for developing, embedding and delivery of the Non-Financial Risk framework centrally across ISG businesses, including, operational, regulatory, supervision, data, cyber, model and trader mandate, and financial crimes risk. As an in-business risk management team, we partner with our ISG business stakeholders, as well as the infrastructure groups and 2nd line control functions to establish and maintain an effective risk management program that is appropriately tailored to ISG’s Non-Financial Risk profile. Our 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

*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 possess strong analytical, problem-solving, communication and interpersonal skills.
• You analyse and interpret complex information quickly and accurately.
• Study in a financial discipline is not essential, although you should have a strong aptitude for numbers.

Application Deadline

The deadline for application for this position is Friday 27th November 2026. Please note, we recruit on a rolling basis so application is 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 we cannot guarantee you will be able to edit this after submitting your application. In the case that you are permitted to edit your application, it may cause significant delays to your candidacy.

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 - aren’t just beliefs, they 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. At Morgan Stanley, you’ll find an 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. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There’s also ample opportunity to move about the business for those who show passion and grit in their work. To learn more about our offices across the globe, please copy and paste into your browser.