Undergraduate Intern to Support Anti-Money Laundering and Financial Crime

Job Posting Organization:
The IDB Group is a community dedicated to improving lives in Latin America and the Caribbean. Established in 1959, the organization has grown to become the leading source of development financing in the region, providing loans, grants, and technical assistance to reduce poverty and inequality. The IDB Group comprises the Inter-American Development Bank (IDB), IDB Invest, and IDB Lab, and operates in multiple countries across Latin America and the Caribbean, employing a diverse workforce committed to excellence and innovation.

Job Overview:
The IDB Group is seeking an active undergraduate student for a paid internship under the Consultant modality, specifically for the 2027 Winter Internship Program. This competitive opportunity is designed for university students from member countries to gain insights into development work and corporate management while acquiring professional experience through on-the-job learning. The intern will be positioned within the Office of Institutional Integrity (OII), which is pivotal in leading the IDB Group's integrity efforts, focusing on investigating allegations of fraud, corruption, and other prohibited practices in IDB Group-financed activities. The intern will support the Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) Compliance Function, emphasizing risk and control assessments, compliance monitoring, data analysis, and documentation.

Duties and Responsibilities:
The intern will provide analytical and administrative support to the AML/CFT Compliance Function, assisting in the execution of oversight responsibilities. Key duties include planning and coordinating the 2026-2027 AML/CFT controls testing exercise, maintaining the AML/CFT Risk and Control Matrix (RCM), collecting and reviewing control documentation from business units, documenting business processes and controls, and supporting the testing of control design and operating effectiveness under supervision. The role requires a proactive approach to learning and collaboration, ensuring that the intern contributes effectively to the team's objectives.

Required Qualifications:
Candidates must be nationals of an IDB member country and actively enrolled in an undergraduate program as of the internship's start date. The graduation date must be after the internship period. Additionally, candidates should not have family members working at the IDB or IDB Invest and must be first-time participants in the internship program. The position requires fluency in English, with a working knowledge of another Bank language (Spanish, French, or Portuguese) being advantageous. Key skills include continuous learning, collaboration, client focus, effective communication, and innovation.

Educational Background:
The ideal candidate should be an active undergraduate student pursuing a degree in Business Administration, Risk Management, Finance, Data Analytics, Law, International Relations, or Information Systems and Compliance and Risk from an accredited university. The graduation date should be after the internship period, ensuring that the candidate is in good academic standing and has completed at least the second year of their program.

Experience:
This internship is designed for students who are at the beginning of their professional journey, thus no prior work experience is required. However, familiarity with AML/CFT, sanctions, risk and control testing, audit, or compliance concepts is desirable. Strong analytical and research abilities, as well as the ability to organize and analyze data sets, will be beneficial for success in this role.

Languages:
Fluency in English is mandatory, and a working knowledge of one additional Bank language (Spanish, French, or Portuguese) is considered a plus. This bilingual capability will enhance the intern's ability to engage with diverse teams and contribute to the organization's objectives effectively.

Additional Notes:
The internship is a full-time position requiring 40 hours of work per week from January 16th to March 15th, 202

• The contract type is Intern Consultant, lasting for two months. Candidates must submit their resume, academic transcripts, and a university letter certifying their student status when applying. Applications without the requested documentation will be disqualified. Interns must be available to work full-time during the specified period, and international students must ensure they have the appropriate work authorization through CPT or OPT. The IDB Group is committed to inclusivity and provides reasonable accommodations for individuals with disabilities during the application process.