IDB Invest. Legal Department's Compliance Unit Internship

We improve lives

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

About this position

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 to learn about development work and corporate management of IDB Invest, and to acquire work experience at the professional level through on-the-job learning. 

The IDB Invest Legal Department advises Management, the Board of Executive Directors, and the Board of Governors on legal and compliance matters, including operations, resource mobilization activities, and administrative, institutional, and financial matters. The Compliance function (GCL/ICL Compliance), within the General Counsel’s Office, is responsible for providing advice and compliance oversight in relation to certain nonfinancial risks related to our investments, advisory work, and corporate functions in the following areas: (i) integrity, ethics, and reputational risks; (ii) management of operational conflicts of interest (COI); (iii) nominee directorships; (iv) data access management and privacy; (v) oversight of anti-money laundering/combating the financing of terrorism (AML/CFT) and sanctions; and (vi) material non-public information (MNPI).

What you’ll do

• Assist the Compliance unit of IDB Invest’s Legal Department in advising Management and business teams on a variety of legal and compliance matters.


• Assist the Compliance unit’s legal officers in identifying, managing, and developing solutions to mitigate nonfinancial risks in IDB Invest’s operations, including those relating to integrity, ethics, operational conflicts of interest, MNPI, AML/CFT, and other areas.


• Assist the Compliance unit in developing and implementing policies, guidelines, and procedures to prevent, assess, and mitigate compliance risks.


• Conduct research on a variety of legal and compliance-related topics and draft reports and other work products to advise Management on topics relevant to the compliance program of an international organization/MDB.


• Develop training and capacity-building materials.


• Coordinate with other units and departments within the IDB Group, including investment teams, the Office of Ethics, and the Office of Institutional Integrity.

What you'll need

• Education: An active undergraduate student in Law from an accredited University. Graduation date must be after the Internship period. 


• Languages: Fluency in English. A working knowledge of one other Bank language (Spanish, French, or Portuguese) is a plus.


• Soft Skills: Result-driven, collaborative, innovative, client-oriented, strong communicator, self-motivated, eager to learn, and excellent time management skills.


• Key Skills: Learn continuously, collaborate and share knowledge, focus on clients, communicate and influence, innovate and try new things. 


• Technical skills: Proficiency with MS Office applications (including Excel) is required.

Requirements

• Citizenship: IDB Invest has no nationality restrictions.


• Active student: Enrolled in an undergraduate (bachelor’s) program as of the starting date of the internship program. The graduation date should be after the Internship period.


• Consanguinity: Not have family members (up to the fourth degree of consanguinity and second degree of affinity, including spouse) working at the IDB or IDB Invest.


• First job at the IDB Group: Be a first-time participant in an Internship Program held by the Bank or InterAmerican Investment Corporation (“Corporation” also known as “IDB Invest”). In addition, you have not been a former staff member, Complementary Workforce (“CW”), contractor for the Bank or the Corporation, or have previously provided services to the Bank or the Corporation through a contractor or under any other contractual modality.

Notes:

• Submit your resume, academic transcripts (official or unofficial), and university letter certifying your student status when applying.
  
  
  
  • If you submit an unofficial academic transcript at the time of applying, you will be requested to present an official one if moving forward.
  
  
  
  


• Academic transcripts and university letters should be issued within the last three months. 
  
  
  
  • For undergraduate students, you must have completed your second year of school when applying.
  
  
  
  


• Applications without the requested documentation will be disqualified.  


• Save each file in PDF format with your name and subject. 


• DO NOT send copies of your degree certificates or other courses.


• You must be available to work full-time (40 hours per week) from January 16th to March 15th, 2027. These dates are fixed and cannot be modified. Interns must complete their assignments within this period.
  
  
  
  • If you are an international student in the U.S.A., your work authorization is through CPT or OPT. Consult your school advisor before applying. You must be able to work 40 hours per week. Many international students are limited to working part-time, depending on their academic standing.
  
  
  
  

Type of contract and duration

• Type of contract: Intern Consultant 


• Length of contract: Two (2) months


• Dates of the contract: January 16th to March 15th, 2027


• Location: Washington, D.C. – United States of America

*Internship dates may be adjusted slightly to accommodate holidays.

Our culture

At the IDB Group, we work so everyone brings their best and authentic selves to work while finding their purpose. Our people consistently strive for excellence, and we recognize and celebrate the impact of their contributions.

In our efforts to drive innovation, we intentionally include all voices, cultivate a sense of belonging and champion fairness. We welcome individuals from underrepresented groups to join us and share their unique perspectives.

We ensure that individuals with disabilities are provided with reasonable accommodation to participate in the job interview process. If you require an accommodation to complete this application, please email us at [email protected].

About the IDB Group

The IDB Group, composed of the Inter-American Development Bank (IDB), IDB Invest, and the IDB Lab, offers flexible financing solutions to its member countries to finance economic and social development through lending and grants to public and private entities in Latin America and the Caribbean.   

About IDB Invest

IDB Invest, a member of the IDB Group, is a multilateral development bank committed to promoting the economic development of its member countries in Latin America and the Caribbean through the private sector. IDB Invest finances sustainable companies and projects to achieve financial results and maximize economic, social, and environmental development in the region. With a portfolio of $14.1 billion in asset management and 325 clients in 25 countries, IDB Invest provides innovative financial solutions and advisory services that meet the needs of its clients in a variety of industries.

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