2023 Cross Risk Full Time Analyst Programme (London)

Morgan Stanley
London, United Kingdom
24 Nov 2022
29 Nov 2022
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
2023 Cross Risk Management Analyst Programme (London)
The Firm Risk Management Division at Morgan Stanley seeks to identify, measure, monitor and control risks, and independently assess the effectiveness and consistency of risk management processes carried out by Risk Owners and across divisional risk stripes.
Training programme
This is a 2-year rotational programme beginning in July where Analysts get in-depth exposure to a specific Risk Management stripe such as Credit Risk, Liquidity Risk, Market Risk, Operational Risk, Model Risk, Risk Analytics and Risk COO.
The Programme begins with a Firmwide induction with peers from other divisions. This is followed by one week of intensive classroom training, including an introduction to Morgan Stanley followed by division-specific training. Analysts will receive considerable on-the-job training and opportunities to take on meaningful and challenging projects with real day-to-day impact. In addition to the formal experience, analysts will be paired with a buddy and mentor, engage in speaker series', networking events and work-shadowing opportunities.
Role and Responsibilities
You will work on projects, provide insights and develop creative solutions that impact the department and Firm. This will be achieved in one or more of the following Risk Stripes:
  • Credit Risk Management ("CRM") determines risk appetite, approves and manages credit and counterparty risks on an industry, client, geography and transaction basis. The CRM team assigns Internal Credit Ratings to our client base; establishes and manages credit risk limits in accordance with the risk tolerance established by the Board; monitors and reports on credit risk exposures on a regular basis to the Chief Risk Officer and senior management. CRM also interacts with business units to ensure that credit risk assessments are factored into business decisions.
  • The Market Risk Management Division ("MRD") is responsible for the independent identification, analysis, reporting and escalation of all market risk exposures arising from EMEA business activities, acting independently of business management and providing an effective challenge process.
  • Operational Risk Management Division ("ORD") refers to the risk of financial or other loss, or potential damage to a firm's reputation, resulting from inadequate or failed internal processes, people, systems, or from external events (e.g., fraud, legal and compliance risks or damage to physical assets). The Firm may incur operational risk across the full scope of its business activities, including revenue-generating activities (e.g., sales and trading) and control groups (e.g., information technology and trade processing
  • Liquidity Risk Management Department ("LRD") is responsible for the oversight of the Firm's ability to survive adverse, idiosyncratic and market-related liquidity shocks. LRD's mandate includes liquidity risk assessment and identification, limit setting and enforcement, business strategy challenge, liquidity reserve model methodology oversight, and communication of liquidity risks to senior management and the Board.
  • Model Risk Management ("MRM") is responsible for the Firm's model risk management framework and independently oversees model risk. As mandated by the Global Model Risk Management Policy, MRM establishes standards for the identification, development, validation and use of models, independently validates and certifies the Firm's models, and reports and monitors model risk in adherence to the Firm's risk appetite.
  • Risk Analytics develops credit risk analytics, market risk analytics, platform delivery risk analytics, and scenario analytics models providing quantitative analysis on the Firm's risk exposures. By developing mathematical and statistical models with risk overlays, Risk Analytics calculates the risks associated with specified sets of financial positions and day-to-day operations.
  • Risk COO: The Risk Chief Operating Office ("Risk COO") department comprises of several teams that partner across risk areas to deliver strategic and regulatory-driven initiatives. Teams include Risk Capital, Stress Testing & Portfolio Risk, Risk Governance, Cross-Risk Projects, Risk COO and Risk Reporting teams.
Qualifications and Skills
  • Final-year Bachelor's or Master's student graduating in 2022/2023 and on track to achieve a minimum of 2.1 honours degree or equivalent in any degree discipline (including STEM/MORSE degrees)
  • Intellectually curious about risk management, financial products, markets and regulation
  • Show an ability to analyze and synthesize a variety of data to produce well-designed and meaningful summaries and reports
  • Strong attention to detail, project management and prioritization skills will also be key in balancing daily deadlines with timely implementation of strategic projects
  • Demonstrate flexibility and collaboration when solving problems and balancing multiple high priority deliverables
  • Familiarity with Microsoft Excel, PowerPoint and Word (advanced skills a plus)
Application Process & Deadline
  • In order to be considered, candidates must apply by November, 27, 2022 at 23:59 GMT
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