Risk Management Jobs 2026 (Now Hiring) – Smart Auto Apply

When clients need capital, Global Capital Markets (GCM) responds with market judgments and ingenuity. Whether executing an IPO, a debt offering or a leveraged buyout, GCM integrates Morgan Stanley’s expertise in Sales and Trading and Investment Banking, offering clients seamless advice and sophisticated solutions. GCM originates, structures and executes public and private placement of equities, investment-grade and noninvestment-grade debt and related products. The group provides fresh ideas and broad distribution to help clients get the most out of each stage of a transaction and continually develops capital markets solutions to enable clients to mitigate strategic, operational, credit and market risks.

The Liability Management team advises corporate clients on a wide range of balance sheet optimization and capital structure initiatives. We are deeply involved in complex, high-impact transactions and strategic discussions, working at the intersection of capital markets, M&A, and corporate finance. This role offers significant exposure to senior client executives, internal product partners, and cross-divisional collaboration.

Associates on the Liability Management team play a central role in the origination, structuring, and execution of transactions, including:

• Tender offers, exchange offers, and consent solicitations across investment grade, high yield and emerging markets
• Structuring and executing liability management exercises designed to optimize capital structure, extend maturities, reduce interest expense, and enhance financial flexibility
• Advising clients in connection with strategic M&A and Spin transactions, including indenture amendments, obligor exchange offers, and other capital structure solutions to achieve efficient post-close capital structures
• Partnering closely with Sales & Trading to execute open market repurchase programs on behalf of corporate clients
• Coordinating cross-functionally with Debt Capital Markets, Leveraged Finance, M&A, Ratings Advisory, Legal, and other product groups
• Preparing detailed financial models, transaction analyses, and client presentation materials
• Managing transaction processes, timelines, documentation, and due diligence
• Associates are expected to take on meaningful responsibility in client communications and internal strategy discussions from early in their tenure.

Candidates should have:

• 3–5 years of relevant experience in investment banking, capital markets, leveraged finance, restructuring, or a related field
• Strong understanding of fixed income markets, debt documentation, and capital structure dynamics
• Experience with tender offers, exchange offers, consent solicitations, or other liability management transactions is strongly preferred
• Demonstrated interest in strategic finance and M&A-related capital structure advisory
• Advanced financial modeling and analytical skills
• Excellent written and verbal communication skills
• Ability to manage multiple workstreams in a fast-paced environment

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

At Morgan Stanley, we raise, manage and allocate capital for our clients – helping them reach their goals. We do it in a way that’s differentiated – and we’ve done that for 90 years.  Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren’t just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. 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. There’s also ample opportunity to move about the business for those who show passion and grit in their work.

To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices​ into your browser.

Expected base pay rates for the role will be between $150,000 and $225,000 per year for Associate, at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.

Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.

It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.

Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).