Western Asset

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Summer Intern – Cash Control Specialist

Summer Intern – Cash Control Specialist

Investment Support


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 – Cash Control Department.



Duties will include some or all of the following:

  • Ensuring the reconciliation team is following processes and procedures as outlined.
  • Responsible for the verification and correction of principal and interest payments in the accounting system which includes email monitoring, exception log reviews and oversight of the corrections proposed by the reconciliation team.
  • Communicating with internal departments, custodians, and the reconciliation team to resolve complex breaks and enhance workflow.
  • Work with SMF Group to ensure factor updates are processed and Security Master Data is accurate.
  • Monitoring of account changes, new accounts and terminating account tasks in relation to the reconciliation system.
  • Other duties will include some or all of the following: Management Reporting, Open Items Analysis, Proactive resolution of variances prior to settlement date




  • Candidates should be in the process of completing a 4 year 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.