Picture heavily saturated when imported to After Effects

[Tatertotz]

As seen in this screenshot, the picture I imported is super saturated and I have not added any effects to the picture. I have Adobe After Effects 2020 version 17.5.1 (Build 47)  and a MacBook Air (Apple M1 chip, 2020). My last computer was a MacBook Air 2015 and I have never encountered this problem. Please help! 

[Rick Gerard]

Check your color management settings and check the color settings for your display in System Preferences.

[Tatertotz]

Thank you so much for replying! Though I'm a bit confused. How do I check my color management settings in After Effects? I went to my project settings and then color for the settings. The pictures below have my display color settings and my color settings in After Effects. If you have any recommended settings please let me know.