Legal & Compliance - Operational Risk Summer Analyst Program (Mar 2024)

About Morgan Stanley

Morgan Stanley is a leading global financial services firm providing a wide range of investment banking, securities, wealth management, and investment management services. With offices in 42 countries, the firm's employees serve clients worldwide including corporations, governments, institutions, and individuals. Committed to maintaining the first-class service and high standard of excellence that have always defined the firm and everything it does is guided by its core values.

Your role

Legal and Compliance Department Center of Excellence (“LCDCOE”) is an extended arm of the different global compliance teams. LCDCOE is responsible for executing compliance oversight including monitoring and/or testing activities across divisions.

Morgan Stanley’s Operational Risk Department (ORD) is looking for interns for 2-6 months. Depending on business needs, the selected individual will be assigned to support any of the following major workstreams within ORD. Possible assignments would include but are not limited to: 

• Data Monitoring: provides monitoring and analytics on Internal Loss Data, Issues and actions, and External Loss Data. The team also provides support for the Firm’s Non-Financial Risk Framework including the Risk & Control Self-Assessment (RCSA) Program and Capital.
• Operational Risk Metrics: supports the Firm’s Non-Financial Risk Metrics Program including the production and reporting of key risk indicators, key control indicators, and key performance indicators across
• Strategic Business Analytics: provides data analytics and assists senior operational risk coverage managers via qualitative review of risk data including internal/external incidents and Issues to identify risk themes at the global, regional, or legal entity level
• Specialized Technical Analytics: provides analytics and reporting in specialized risk management areas such as Technology Risk, Fraud Risk, Cyber Security, and Information Security Risk
• Operational Mapping: supports the Firm’s Operational Mapping Program which provides a detailed inventory of the non-financial resources (e.g., services, applications, vendors) required by the Firm’s Critical Operations, Core Business Lines, and Material Entities.
• Business Intelligence and Application Support: supports adoption and implementation of various technology solutions and tools including ongoing administration and maintenance.

Training & development 

On joining, you will go through a training program that covers business process and systems training, gain hands-on experience and you’ll collaborate with industry leaders and innovators who will guide and support you, as you forge a path to success.

Benefits

The internship will benefit you in the following ways:

• Hands-on experience
• Learning opportunities
• Networking
• Competitive compensation
• Inclusive environment
• Exposure to global projects.

Career progression

Morgan Stanley offers a dynamic and multifaceted environment that requires individuals to work closely with colleagues across various functions and the Business Unit in onshore regions. You will get to work with extremely talented peers in a meritocratic team-oriented culture. You will have the opportunity to network with industry people during events, you can build your relationship, and position yourself for career opportunities down the road.

Work-life balance

Regarding work-life balance, Morgan Stanley adheres to a typical Monday to Friday schedule from 11:30 a.m. to 8:30 p.m. IST, but they provide flexibility for time-sensitive tasks, including Indian public holidays. Employees can enjoy flexible working hours, including the option to work from home. Morgan Stanley maintains a five-day workweek, with an average of 55 working hours.

Culture & vibe  

Morgan Stanley is differentiated by the caliber of its diverse team. The culture of access and inclusion has built its legacy and shaped its future, helping to strengthen the business and bring value to clients. Following a corporate culture in which everyone feels they belong is fundamental to its role as a global leader constantly striving for excellence in all that it does.

About you

The requirements for the role are:

• MBA with a Bachelor’s degree in Computer Science, Finance, or any analytical discipline 
• Minimum cumulative GPA of 3.0
• Intellectually curious about risk management with strong analytical, and problem-solving skills and attention to detail. 
• Strong Excel and PowerPoint skills. Advanced skills in VBA, Power BI, and Tableau are a plus
• Excellent English communication skills, both verbal and written
• Strong organization skills with the ability to multitask and prioritize; comfortable when working under pressure and tight deadlines.

How to apply

To apply for this role, click on the "Apply on employer site" button, which navigates to the career section where the application can be filled out and submitted directly.

Sources

The following source was used in researching this page:

• Morganstanley.com/people-opportunities/perks-benefits-working-at-morgan-stanley
• Ambitionbox.com/reviews/morgan-stanley-reviews
• Youtube.com.