Senior Compliance Risk Manager, Mercury
Product Compliance, Personal Banking
$160.4-209.7k
Plus stock options. US salary range varies on location. Canadian employees (any location): CAD $162,200 - $190,800
Banking services for startups
Posted today
Banking services for startups
501-1000 employees
Posted today
$160.4-209.7k
Plus stock options. US salary range varies on location. Canadian employees (any location): CAD $162,200 - $190,800
501-1000 employees
Company mission
To make scaling tech companies simpler with a personalized banking stack for startups, and power the next generation of companies that will shape the American industry.
Role
Who you are
- We are seeking a highly motivated compliance professional to join our Product Compliance team
- 5-7 years of experience working in compliance advisory role, ideally in a financial technology company
- Subject matter expert in consumer regulatory compliance, including Regulation E (Electronic Funds Transfer), Regulation Z (Truth in Lending), UDAAP, and CFPB guidelines
- Demonstrated track record of working with product teams on regulatory compliance matters including, but not limited to: financial crimes, licensing requirements, regulatory reporting, financial product obligations, consumer compliance, conduct risk, complaints handling
- Experience evaluating emerging products for compliance risk, working with the product and business stakeholders to implement creative solutions to tough compliance requirements, and conducting compliance reviews of new products and marketing materials
- The ability to identify and define problems, build project plans to address them, and manage implementation of their solution
- The ability to effectively communicate across various lines of business and senior management
- An ambitious sense of curiosity and a willingness to explore areas outside of your comfort zone, like new markets or new product types
- The ability to work efficiently and independently in an ambiguous, fast-paced environment, with a strong understanding of when to escalate urgent issues
- Respect for and interest in financial rules and regulations, as well as an eagerness to innovate and drive the industry forward
- Certified Regulatory Compliance Manager (CRCM) designation, a plus
- If you enjoy structured problem-solving, regulatory complexity, and leveraging technology for smarter compliance, we’d love to hear from you!
What the job involves
- In this role you will be responsible for working with our Personal Banking Product team and helping build and maintain a compliance program to support our Personal Banking product
- You will empower our Product teams to build compliant-by-design products by advising them on regulatory and partner requirements and supporting new product development
- You are responsible for identifying potential compliance risks and working with relevant teams to develop strategies for compliance
- Work closely with cross-functional risk and product teams to bring Mercury products to market in a way that meets all relevant financial partner and regulatory compliance obligations
- Stay up to date with any regulatory changes, best practices, and new developments in the industry and implement necessary updates
- Support expansion for new payments product launches by scoping, defining and communicating product and compliance requirements
- Work cross-functionally to drive remediation efforts for products within your defined scope
- Support the compliance function in defining and achieving departmental initiatives, maintaining relevant policies and procedures, developing documentation solutions, and liaising with auditors
- Contribute to building a strong culture of compliance across Mercury
- This role offers the opportunity to shape and scale a compliance testing program in a dynamic, high-growth environment
Our take
Frustrated by the archaic, fee-laden banking services offered to entrepreneurs, the founders of Mercury set out to create a better solution. They envisioned a platform that was dynamic, tech-driven, and free from unnecessary fees.
Mercury delivers on this vision by automating business payment processes, offering FDIC-insured accounts, and providing full API access, empowering entrepreneurs with greater control and efficiency. This approach stands in stark contrast to traditional startup banking, which often burdens young businesses with high fees and limited functionality.
By prioritizing user experience and offering a free service tier, Mercury has attracted over 100,000 businesses and achieved a $1B valuation in 2021. As a rising unicorn in the stagnant world of startup banking, mercury is poised for continued growth, constantly adding new features and expanding its team to further disrupt the industry.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
50% employee growth in 12 months
Company
Funding (last 2 of 4 rounds)
Jul 2021
$120m
SERIES B
Sep 2019
$20m
SERIES A
Total funding: $150.9m
Company benefits
- Health, dental, & vision
- 12+ weeks of paid parental leave
- $600 USD custom WFH equipment setup
- Unlimited vacation policy (with a mandatory minimum)
- Retirement matching up to 4% of base salary (401k/RRSP)
- Paid 6-week sabbatical after the 5-year mark
- Annual $1K USD learning & development budget
- Unlimited book budget
- Weekly $100 USD food budget
- Monthly $100 USD wellness budget
- Monthly $50 USD cellphone reimbursement
- Pet-friendly offices with free tea & lunch
Company HQ
SoMa, San Francisco, CA
Leadership
Jason Zhang
(COO)Studied Biology at Stanford before spending over 4 years at Heyzap in Business Development.
Immad Akhund
(CEO)Graduated from the University of Cambridge, then worked as a Software Developer at Aquila and Bloomberg. Also founded Clickpass and Heyzap, and was a Part-time Partner at Y Combinator.
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