Funding & Capacity Intern

Background on R&T:

Founded in 1974, R&T Deposit Solutions is a privately held financial technology company based in New York City. A recognized leader in the administration of insured deposit programs, R&T serves over 350 banks and financial institutions with over $179* Billion in assets under administration (AUA).

In 2022, with the support of Estancia Capital Management, R&T acquired Total Financial Solutions, expanding its product offerings, increasing the depth of its management team and operational capabilities. In August 2023, R&T received a strategic investment from GTCR, which acquired a 50% equity stake. The investment by GTCR in R&T is intended to further support and sustain R&T’s high rate of growth in its expanded deposit insurance programs, while also investing in further strengthening leadership, governance, risk management, and technology infrastructure.

*AUA as of December 2025, includes all network and affiliated deposit balance from whom R&T is the program administrator.

Position Summary:

The Funding & Capacity team seeks a highly motivated intern to support the F&C team while getting exposure to all areas of the department. The intern will go through a rotation of shadowing members of the team in their day-to-day activities and participate in department meetings to provide exposure to Funding & Capacity functions. Concurrently, the intern will be given tasks that will assist the team while giving them insight in to the roles and responsibilities within the Funding & Capacity department.

Responsibilities:

• Assist senior team members with client needs and inquiries
• Track financial market interest rates such as Fed Funds, Repo, Money Market Funds, FHLB as well as other FDIC program providers
• Perform maintenance and verification of internal rate indexes based upon external benchmarks such as Fed Funds, SOFR & Treasuries rates
• Monitor the liquidity and capacity of the R&T program balances to help ensure sufficient levels are met in each program
• Prepare & distribute requested client reporting in a timely manner
• Build an understanding of the various interconnected components of the FDIC products
• Assist with the daily tasks of the team and ad-hoc projects to support F&C initiatives

Qualifications and Skills:

• Currently pursuing a degree in Business, Finance or related fields with a GPA of 3.0 or higher
• Ability to work both independently and well in a team environment
• Strong analytical and problem-solving skills
• Excellent communication skills
• Accuracy and attention to detail
• Strong organization and time management skills
• Experience with Microsoft Office suite of products.  Specific knowledge working in Excel.
• Knowledge and understanding of the banking industry and financial markets

Internship Highlights:

• Hands-on experience within the FinTech industry
• Mentorship and guidance from experienced professionals
• Networking opportunities with industry leaders and professionals
• Opportunity to work at a fast-growing, private equity-backed company

This is a paid internship. Interns are paid a range of $20-22 per hour. The hours of operation are Monday through Friday, 9:00 AM to 5:00 PM. This is a hybrid internship based in Midtown Manhattan. The R&T Internship Program runs from approximately June 1, 2026 through August 7, 2026.

R&T is an Equal Opportunity Employer. All qualified applicants will be considered for employment without regard to age, race, ethnicity, national origin, sex, gender identity, disability or medical condition, military or veteran service, citizenship or immigration status, or any other trait protected by applicable law.