IDB. Intern to Anti- Laundering and Financial Crime Compliance

We improve lives

The IDB Group is a community of diverse, versatile, and passionate people who come together on a journey to improve lives in Latin America and the Caribbean. Our people find purpose and do what they love in an inclusive, collaborative, agile, and rewarding environment.

The IDB Group is a community of diverse, versatile, and passionate people who come together on a journey to improve lives in Latin America and the Caribbean. Our people find purpose and do what they love in an inclusive, collaborative, agile, and rewarding environment.

The IDB Group is looking for an active undergraduate student to be hired as an intern under the Consultant modality.

The 2027 Winter Internship Program is a competitive paid opportunity, based in Headquarters, for university students from member countries to learn about development work and corporate management of the Bank, and to acquire work experience at the professional level through on-the-job learning.

Office of Institutional Integrity (OII) plays a key role in leading the IDB Group’s integrity efforts. The office is responsible for investigating allegations in connection with prohibited practices (i.e. fraud, corruption, collusion, coercion, misappropriation, and obstruction of an investigation) in IDB Group-financed activities, as well as conducting prevention activities designed to identify and manage the risk that prohibited practices or similar misconduct may occur in IDB Group operations.

Additionally, OII supports IDB Invest by overseeing compliance with its Integrity Framework and Integrity Due Diligence Procedures on a project-by-project basis.

In 2018, the Inter-American Development Bank (IDB) approved an Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) Framework. This Framework formalized the IDB’s commitment to managing the risks associated with money laundering and the financing of terrorism in its activities, in alignment with international best practices and consistent with risk management practices. It also established a uniform, Bankwide approach to managing: (i) the risk that the Bank could be utilized to facilitate money laundering or terrorist financing, and (ii) the reputational impact that may arise from conducting transactions with entities and individuals associated with money laundering, terrorist financing, or other criminal activities.

The Intern will support the AML/CFT Compliance Function in its second-line oversight responsibilities, with particular emphasis on AML/CFT risk and control assessments, control testing activities, compliance monitoring, data analysis, documentation and reporting.

• Assist in the planning and coordination of the  AML/CFT controls testing exercise.
• Support the maintenance of the AML/CFT Risk and Control Matrix (RCM) and related testing inventories.
• Collect, organize, and review control documentation and evidence provided by business units.
• Assist in documenting business processes and controls.
• Support testing of control design and operating effectiveness under the supervision of AML/CFT compliance staff.

• Education:
  
  An active undergraduate student in Business Administration and Risk Management, Finance and Data Analytics, Law and International Relations, or Information Systems and Compliance and Risk from an accredited University. The graduation date should be after the Internship period
• Languages:
  
  Fluency in English with a working knowledge of one other Bank language (Spanish, French, or Portuguese) is a plus.
• Key
  
  Skills:
  
  Learn continuously, collaborate and share knowledge, focus on clients, communicate and influence, innovate and try new things
• Soft Skills:
  
  Result-driven, collaborative, innovative, client-oriented, strong communicator, self-motivated, eager to learn, and excellent time management skills.
• Technical skills: (i) Familiarity with AML/CFT, sanctions, risk and control testing, audit or compliance concepts is desirable; (ii) Strong analytical and research abilities; (iii) Ability to organize and analyze data sets; (iv) Excellent written and communication skills; and (v) Knowledge of international financial…