In the Operations division, we partner with business units across the Firm to support financial transactions, devise and implement effective controls and develop client relationships, driving strategic automation solutions by embracing a transformation mindset and challenging the status quo.
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.
Training Programme
The Operations Industrial Placement Programme is aimed at students with a year in industry as a compulsory element of their degree programme. Internships are available in the following teams within operations:
- The Security Settlement team deals with all aspects of trade settlement done in the German market via the overarching European Target2Securities platform. This includes Over-the-Counter (OTC) trades and stock exchange trades for different types of financial products. The goal of settlements is to ensure that outstanding trades are completed in time in order to avoid financial risk for the firm. As a fully integrated member of the team, you will be primarily responsible for ensuring timely settlement of trades with risk, reconciling the matching criteria of instructions, and computing daily statistics. The gained knowledge of the post-trade financial infrastructure will create a good basis for every job in the financial sector.
- The Client Service Group functions as a cross-product client facing team. As a fully integrated member of the team, you will be liaising with multiple Morgan Stanley operations teams, Morgan Stanley business units and German speaking clients. Further responsibilities of successful candidates include analysis of current operational functions, identifying and implementing enhancement opportunities, and assisting the sales/trading desk in their daily functions. This varied role offers a great platform to develop an understanding of operational post-trade functions and financial product knowledge.
- The Asset Service Group deals with all aspects of corporate events including, but not limited to, dividend and coupon payments, production of tax certificates as well as the processing of Annual General Meetings. As a fully integrated member of the team, you will be primarily responsible for processing dividend, distribution and coupon payments accurately and in a timely manner, liaising with German agents and internal teams across the globe. Further responsibilities include preparing excel sheets with respect to corporate events, controlling of received funds, reconciliation of trade flows and balances, communication with other Morgan Stanley departments, and computing daily statistics. This varied role provides the individual with the opportunity to use his or her own initiative and serves as a great platform to develop a broader banking knowledge.
- The Client Regulatory Service Control Team deals with all aspects of “Know Your Client” (KYC/AML) and other market regulations (e.g. MiFID). As a fully integrated member of the team, you will be liaising with local and oversea Morgan Stanley business units and compliance departments. This role provides you with the opportunity to work independently and broaden your knowledge of Corporate Structures and Regulations including process implementation, execution, and controls. Further responsibilities will include the execution of implemented controls, support the execution of yearly regulatory audits, contribution to process implementation and enhancements.
- The Operational Risk & Regulatory Control team implement risk and control framework throughout operations. In this role you will supporting this framework implementation through continuous identification, assessment, remediation, monitoring and reporting of Operations risk as well as general support with ad-hoc risk and control requests and issues. You will also support regulatory and statistical reporting preparation (ECB, Bundesbank, BaFin), the daily reconciliation process (follow-up on high-risk breaks, fails etc.) and ad-hoc account opening requirements incl. documentation preparation. This role will offer you the opportunity to learn data analysis skills with Excel and Power BI, as well as Morgan Stanley tools and data warehouses.
- The Cash Management Team is primarily responsible for cash funding, forecasting and intraday liquidity management of Firm bank accounts and the supervision across other Global Cash Management activities. The team manages third party exposure of Firm cash balances whilst ensuring adherence to internal limits set by Treasury and takes care of the collateral financing of repo trades for both the German and Swiss markets. As a fully integrated team member you will be also responsible for Reconciliation and investigation on Accounts from counterparties and are also part of various projects within the Team.
Qualifications / Skills / Requirements
- You are an undergraduate student who has outstanding academic achievements, and are on track for a 2.1 honours degree or equivalent graduating in 2028 or 2029
- You have excellent leadership, inter-personal, and strong verbal and written communications skills
- You pay close attention to detail, have analytical and problem-solving skills, and are able to understand and evaluate complex information quickly
- You have strong project management skills
- You are a team player and are client-service oriented
We have a track record of innovation and passion for unlocking new opportunities, we help our clients raise, manage and allocate capital. We do this by offering a wide range of investment banking, securities, wealth management and asset management services. All that we do at Morgan Stanley is driven by our five core values: do the right thing, put clients first, lead with exceptional ideas, commit to diversity and inclusion, and give back. These aren’t just beliefs, they guide the decisions we make every day, ensuring we do what's best for our clients, communities and more than 80,000 employees around the world.
And at the core of our success are the people who drive it - relentless collaborators and creative thinkers who are fuelled by diverse thinking and experiences. Wherever you are in our 1,200 global offices, you’ll have the opportunity to work alongside the best and the brightest in an environment where you are empowered to achieve your full potential. 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.
