Western Asset

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Summer Intern – Investment Ops Specialist

Summer Intern – Investment Ops Specialist

Location 
US-CA-Pasadena
Category 
Investment Support

Overview

A ten week internship program designed to provide valuable career experience for students who wish to apply their education and skills in a fixed-income oriented work environment. This is an intensive program that mirrors the responsibilities of an entry level position within the Firm. Participants get on-the-job training as well as technical and business-oriented education. The intern will work in the Investment Support – Global Securities Operations Department.

Responsibilities

  • Process trades into WA systems.
  • Confirm cleared and bi-lateral trades with brokers using various internal systems and third party affirmation platforms.
  • Maintain trade and broker confirmation records.
  • Monitor confirmations in real time as necessary and liaise with brokers and Trading Operations for issues.
  • Monitor and report on confirmation and/or clearing issues.
  • Process post trade life cycle events. 
  • Ensure all trade related instructions are sent to custodian banks accurately and timely by maintaining settlement and routing information.
  • Liaise with brokers and custodian banks to address any settlement issues.
  • Identify and resolve any mark-to-market discrepancies.
  • Process all trade adjustments as needed.
  • Handle Collateral for trades, both cleared and bi-lateral.
  • Assist various departments as needed.
  • Other duties to be assigned

Qualifications

  • Candidates should be in the process of completing a degree in finance, accounting, business administration or a related major.
  • Candidates should be exploring the career opportunities available to them within the financial services field, with a desire to learn about and participate in a Fixed Income environment.

Academic Qualifications:

Rising junior, or rising senior with a proven record of academic excellence and achievement.