Parametric - Risk and Controls Internship 2026 - Seattle

Before we get to know you, please be sure to get to know us! Read more and learn about how Parametric fits within Morgan Stanley Investment Management. Learn more at https://www.parametricportfolio.com/about

Who we are: Parametric is part of Morgan Stanley Investment Management, the asset management division. We partner with advisors, institutions, and consultants to build portfolios focused on what’s important to them and their clients. A leader in custom solutions for more than 30 years, we help investors access efficient market exposures, solve implementation challenges, and design multi-asset portfolios that respond to their evolving needs. We offer systematic alpha and alternative strategies to complement clients’ core holdings. As a fiduciary, Parametric encourages companies to provide greater transparency around environmental, social, and governance (ESG) issues and rectify clear lapses in oversight. Clients trust us to represent their interests through our investment stewardship activities.

The work environment is hybrid with most jobs working in office 3 days a week and others at home.

Duration: 10 Weeks

Location: Seattle

Salary is set at $28.50 per hour. No relocation assistance or housing support is offered. Candidates must be able to secure their own housing during the 10 weeks. Position is not eligible for benefits. 

General Description

We are seeking a motivated Risk & Controls Intern with a strong curiosity and passion for learning. This internship is ideal for individuals who enjoy problem solving, want to gain hands-on experience in risk management, and are interested in how technology and business processes intersect in a fast-paced environment.

As a Risk & Controls Intern, you will support the team in identifying and documenting risks, evaluating control activities, preparing for audits, and learning how regulatory compliance and technology resiliency are managed in a global financial services environment. This internship provides a unique opportunity to build foundational knowledge in IT risk, operational risk, and control frameworks, while contributing to meaningful projects.

Primary Responsibilities

• Assist in preparing documentation to support internal and external audits (collecting evidence, reviewing artifacts, and organizing materials).
• Help maintain the risk and control inventory/matrix by updating key information under team guidance.
• Partner with team members to identify opportunities for automation and efficiency in control processes.
• Support reviews of control procedures and help monitor adherence to policies and regulatory requirements.
• Participate in team meetings with stakeholders from Operations, Technology, and Enterprise Risk to gain exposure to risk discussions.
• Assist in preparing metrics and reports that highlight the effectiveness of control activities and risk remediation.
• Research policies, standards, and industry regulations to help the team evaluate compliance requirements.
• Shadow team members during reviews, control testing, or risk assessments to learn how risks are identified, mitigated, and communicated.

Desired Skills and Qualifications

• Junior or rising senior pursuing an undergraduate degree in Information Systems, Computer Science, Risk Management, Finance, or a related field.
• Demonstrated interest in risk management, IT governance, or regulatory compliance (through coursework, projects, or extracurriculars).
• Strong analytical skills, attention to detail, and ability to synthesize complex information into clear outputs.
• Effective written and oral communication skills.
• Proficiency in Microsoft Office applications, especially Excel and PowerPoint; familiarity with governance tools (e.g., ServiceNow, Workiva, OpenPages, or IAM platforms) is a plus.
• Ability to work independently, prioritize tasks, and adapt to evolving priorities.
• Demonstrated initiative and ability to work effectively in a collaborative team environment.

Resumes will be reviewed on a rolling basis until the role is filled or the application deadline, whichever comes first.