Here is another entry in our Summer Intern Chronicles series, this one from George Tzimorangas of Quinnipiac University...
My name is George Tzimorangas and I am from Sandwich, Massachusetts. I am entering my third year at Quinnipiac University where I am majoring in Economics and am enrolled in the 3+3 Accelerated Law Program. This summer, I am interning at The Cooperative Bank of Cape Cod in the Compliance Department.
The past two months at The Coop have been invaluable. I wanted to find an internship that was perfectly suited for my present and my future, referring to my current major and post-graduate plans. To put it simply, I found it. The work I have been assigned is fascinating, and it expands my horizons to new lengths. It is challenging yet rewarding. For part of my time at The Coop, I have been researching proper legal channels for financial institutions to be able to loan to marijuana dispensaries throughout the state. I have been keeping up with various pieces of legislation being introduced in the United States Congress. I have also been a part of a few projects that have been reported out during monthly meetings and trainings. It’s more rewarding knowing that the work I am completing is being put to use, which makes me feel proud. I am currently working on some long-term projects, as well as attending to day-to-day matters and research to present next month.
Another part of what I do has to do with the Bank Secrecy Act (BSA), which is a piece of legislation dealing with suspected money laundering, fraud, and any suspicious activity. I know the work I am doing is serious in most circumstances and requires a level of maturity and responsibility that my coworkers have entrusted in me.
Being an economics major, I have taken numerous banking courses over my two years at Quinnipiac, however working at The Coop has given me a completely different insight as to what the day-to-day operations are at the bank, especially at a community bank. A lot of what I have studied has dealt with some of the largest institutions in the country, and this internship has shown me new sides to the world of banking. Although there are all of these federal matters we have to attend to, it’s much more about our customers than anyone or anything. The teamwork aspect at The Coop is also comforting. It is evident that everyone is an excellent team player, and it really is a family. My internship has allowed me to work independently, as well as with members of my team.
During our training, the interns were asked to think of an initiative that they could focus on throughout the summer in addition to our individual work. We wanted to pick something that was meaningful to us, and where we live. We came up with the initiative to reduce the amount of plastic water bottles bankwide in an effort to do our part in helping Cape Cod stay clean. Myself and another intern have taken the lead on that, and are already making progress on that front.
My coworkers are some of the most amazing people I have ever met. All of them are absolutely brilliant in their respective fields, and have really made myself and the other interns feel welcomed. Working within the compliance department specifically has been a very enjoyable experience. They are willing and able to answer any questions I bring to them. I have learned so much from everyone in the department, and am excited to continue to be able to learn from them. This internship has definitely given me some more clarity on what direction I want to go towards moving forward.