2026 Firm Risk Management Full Time Analyst Program (New York)

Morgan Stanley Campus • New York, NY

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About The Position

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, investment management and wealth management services. The Firm's employees serve clients worldwide including corporations, governments, and individuals from more than 1,200 offices in 43 countries. As a market leader, the talent and passion of our people is critical to our success. Together, we share a common set of values rooted in integrity, excellence, and strong team ethic. Morgan Stanley can provide a superior foundation for building a professional career a place for people to learn, achieve and grow. A philosophy that balances personal lifestyles, perspectives and needs is an important part of our culture. 2026 Firm Risk Management Full-Time Analyst Program (New York) – Credit Risk Management Have you ever wondered how banks manage the many evolving risks they face? At Morgan Stanley, our Firm Risk Management Division identifies, measures, monitors, and controls risks. Some of those risks include, but are not limited to, regulatory risk and the risk of financial loss to the Firm and our clients. Through independent assessment of the effectiveness and consistency of risk management processes, we mitigate potential harm to the Firm and our clients. OUR PROGRAM OFFERS: Full-Time Analysts are given intensive, hands-on experience that provides recent graduates with a strong foundation in core risk management processes and the opportunity to grow and develop. Guidance under more experienced colleagues allow Analysts to be given rapidly increasing levels of responsibility and the opportunity to make an impact. Analysts participate in an extensive orientation providing an overview of Morgan Stanley’s businesses, structure and strategy, as well as classroom training covering product and industry knowledge, soft skills and teambuilding activities. TEAM PLACEMENT: Credit Risk Management (CRM ): CRM is responsible for mitigating the risk of loss arising from an obligor’s inability to meet its financial obligations to the Firm. CRM independently assesses the creditworthiness of the Firm’s counterparties and borrowers, assigns internal credit ratings, and monitors and evaluates credit risk exposure on an ongoing basis. Analysts that are placed on the Credit Risk Management (CRM) team will be enrolled into a two-year rotational program that exposes them to the comprehensive suite of credit baring products and client types (Counterparty/Traded Products, Lending, & Structured Product Group). At completion of the rotational program, placement onto a Credit Risk team will be determined.

Requirements

• Pursuing a Bachelor’s degree with a graduation date between December 2025 - June 2026
• Minimum cumulative GPA of 3.0
• Strong skills in communication, critical thinking, and problem solving and collaboration
• Intellectually curious about risk management, financial products, markets, and regulation
• An interest in a fast-paced environment, often balancing multiple high priority deliverables
• Strong attention to detail and ability to provide information in usable formats
• Familiarity with any coding languages
• Familiarity with Microsoft Excel, PowerPoint and Word; advanced skills a plus
• Applicants must be legally authorized to work in the United States and should not require, now or in the future, sponsorship for employment visa status.

Responsibilities

• Risk Monitoring: Assist in day-to-day risk management of our credit risk exposures by providing independent quantitative analysis of business activities and establishing processes and tools to monitor these risks. Aggregate and analyze data to understand exposures before communicating recommended actions
• Reporting: Develop innovative quantitative and qualitative reports on risk exposures and metrics to support leadership decisions
• Regulatory Programs: Partner with teams within Firm Risk Management and across the Firm to drive key regulatory initiatives including rule implementation, regulatory exam and relationship management, issue remediation and governance enhancements
• Risk Project Management and Governance: Contribute to key projects to establish and maintain strong risk processes and infrastructure and support appropriate risk governance, using project management best practices
• Model Development: Research, develop, enhance and document risk models, methodologies and tools for regulatory and risk management purposes
• Model Validation: Provide independent review and validation of Firm models, for example equity derivative pricing and risk capital models

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Number of Employees: 5,001-10,000 employees