Investment Risk Internship — 12‑Month Off‑Cycle

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 is able to provide in-depth local knowledge and expertise while channelling the strength of our global presence and resources.

To support the delivery of tailored, value-added investment solutions to clients our investment teams are organized by capability:
Solutions & Multi-Asset, Real Assets, Active Fundamental Equity, Private Credit & Equity, Global Fixed Income, and Global Liquidity. Morgan Stanley Investment Management strives to provide outstanding long-term investment performance, service and a comprehensive suite of investment management solutions to a diverse client base, which includes governments, institutions, corporations and individuals worldwide.

The Off-Cycle Internship is an opportunity to experience the culture and atmosphere in the Investment Management Division by taking on some of the responsibilities and functions of a Full-time Analyst for a short period. This internship will offer you an exciting and a dynamic work environment where you get to work alongside our diverse group of experienced professionals. The work that you do will be interesting and varied.

The Risk Management Team within MSIM is responsible for identifying, assessing, managing and monitoring risk across Investment Management and 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) have responsibility for management of investment risk across their respective asset classes. Operational risk identifies, assesses and monitors operational risk across Investment Management and works both with the 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.

The internship will commence in September 2026 and typically lasts twelve months. This internship will offer you an exciting and a dynamic work environment where you get to work alongside our diverse group of experienced professionals. The work that you do will be interesting and varied.

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

Interns will have the opportunity to develop and master the analytical, quantitative, and interpersonal skills they will need to succeed. Interns will learn to employ the 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 proofofconcept testing

• Recent graduate or currently studying and available to commit to a fulltime 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 fastpaced environment
• Enthusiastic, self motivated, and a collaborative team player