Lead Compliance Risk Manager, Mercury

Product Compliance, Personal Banking

$153.9-213.7k

Plus stock options. US salary range varies on location. Canadian employees (any location): CAD $161,600 - $201,900

Senior and Expert level

San Francisco Bay Area

Remote from US

Banking services for startups and small businesses

Job no longer available

Banking services for startups and small businesses

1001+ employees

FintechB2BBankingFinancial Services

Job no longer available

$153.9-213.7k

Plus stock options. US salary range varies on location. Canadian employees (any location): CAD $161,600 - $201,900

Senior and Expert level

San Francisco Bay Area

Remote from US

1001+ employees

FintechB2BBankingFinancial Services

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.

Job

Company

Role

Who you are

8+ 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

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

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 200,000 businesses and achieved a $3.5B valuation as of 2025. As a rising unicorn in the stagnant world of startup banking, mercury is backed by substantial funding and 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

Top investors

50% employee growth in 12 months

Glassdoor (4.5)

Trustpilot (4.1)

Company

Funding (last 2 of 5 rounds)

Mar 2025

$300m

SERIES C

Jul 2021

$120m

SERIES B

Total funding: $450.9m

Company benefits

Health, dental, & vision
12+ weeks of paid parental leave
$600 USD custom WFH equipment setup
Unlimited vacation policy (with a mandatory minimum)
Annual $1K learning & development budget
Paid 6-week sabbatical after the 5-year mark
Weekly $100 food budget
Monthly $100 wellness budget
Monthly $50 cellphone reimbursement
Pet-friendly offices with free tea and beverages, plus lunch and snacks
Unlimited vacation policy (with a mandatory minimum)
Retirement matching up to 4% of base salary (401K/RRSP)
Inclusive fertility, hormonal health, and family-forming benefits through Carrot Fertility

Company HQ

SoMa, San Francisco, CA

Leadership

Jason Zhang

(Co-Founder & COO)

Jason graduated from Stanford University with a Bachelor of Science in Biology before spending over 4 years at Heyzap in Business Development.

Immad Akhund

(Co-Founder & CEO)

Immad graduated from the University of Cambridge with a Masters in Computer Science. He then worked as a Software Developer at Aquila and Bloomberg. He also founded Clickpass and Heyzap, and was a Part-time Partner at Y Combinator.

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