Editor's note - This is the latest in our Summer Intern Chronicles series. If you have an intern working with your organization, feel free to email their story to [email protected]
My name is Anthony Catanzaro and I am from Harwich, MA. I graduated from Nauset High School in 2016 and will be heading into my senior year at the University of San Diego, finishing a double major in Finance and Real Estate. This summer I have been fortunate enough to be a part of The Cape Cod Five as their Fraud Prevention Intern. Like many others, I applied for various positions at The Cape Cod Five during the academic year, some more suited to my degree, for example, Lending or Accounting and Finance. Although not directly related to my studies, I pursued the Fraud Prevention role because of the thrill of working to protect the bank and its customers from, what I would soon learn, the many different forms of fraud.
My responsibilities this summer were fraud detection, prevention, and reporting. Every morning, reports came in and I acted as a line of defense, proactively investigating suspicious checks and potential scams that our banking centers discovered. The work in this department never ceased to amaze me; the world of imposter scams, email compromises, and account takeovers are all too common in business, but I was able to witness these first hand and act quickly to help resolve the issues. Too often interns are tasked with mundane jobs of photocopying and going on coffee runs, at Cape Cod 5 this was the never the case. (I did scan documents, but it was for the bank-wide paperless initiative, a movement I wholly supported). Nonetheless, there was never a dull moment in the Fraud Department. My proudest achievement as an intern was helping create the fraud section of Board Risk Committee Report where I was able to pair analytical knowledge I gained from the classroom, as well as new skills I acquired working as an intern, into a statistical representation of fraud trends we had been observing.
The internship program at Cape Cod 5 goes above and beyond to ensure that their interns are exposed to not only their departments, but any other they might find interesting. Joe Beasley, Talent Management Administrative Coordinator and former intern, does a fantastic job spearheading events such as Breakfast and Banking, where senior officers talk about their roles and how they worked to where they are today. Another remarkable part about the intern program is shadowing. Interns are encouraged to shadow other departments within the bank to find their perfect fit. I had the pleasure of showing other interns around the department that I called home, and also was able to shadow Commercial Lending during my time. This was a great opportunity, and is rare among other internships.
A word of advice to any high school or college student, it is never too early to start looking for internships, and as a Cape Cod native, your first place to look should be Cape Cod 5. Even if you are not interested in banking, I highly recommend it because of the experience, network, and culture of the organization. My internship exposed me to something out of my comfort zone, but thanks to my colleagues in the Fraud Department, it became an experience that I will take with me throughout my professional career.