Internal Audit Lead, Mercury
$144.8-201.1k
+ Equity (stock options). Salary dependent on US locations. Canadian employees (any location): CAD 152,100 - 190,000
Banking services for startups
Be an early applicant
Banking services for startups
501-1000 employees
Be an early applicant
$144.8-201.1k
+ Equity (stock options). Salary dependent on US locations. Canadian employees (any location): CAD 152,100 - 190,000
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
- Have experience scoping and planning new, complex audits
- Have experience leading audit teams and coaching team members
- Be comfortable conducting walkthroughs, creating audit test plans, and executing internal controls testing
- Have experience working with financial services companies, and have a working knowledge of laws, regulations and risk management standards for financial services
- Have experience in auditing BSA/AML/Sanctions compliance, payments (wires / ACH), and/or Card products
- Have the ability to quickly grasp and understand complex business processes
- Have excellent written and verbal communication skills
- Be able to manage their own schedule to ensure deadlines are met
- Be a self-starter, someone who likes to innovate and think about how we can do things differently to be more efficient and effective
What the job involves
- Internal Audit at Mercury consists of two teams Internal Audit & Compliance Assurance
- Our mission is to support Mercury and provide independent assurance over Mercury’s risk management, governance and internal control processes
- This team helps to identify potential risks that could cause trouble for Mercury and collaborate with the business to get ahead of those risks
- Assesses Mercury's internal controls to make sure we have our bases covered and things are designed/operating effectively
- Amd is responsible for reporting findings to leadership and process owners and providing recommendations when possible
- We’re looking to hire an Internal Audit Manager to help build out the core of our Internal Audit function at Mercury and execute on our audit plan
- You’ll help execute audits internally within Mercury as well as supporting audits being conducted externally by partners and third parties. Over time, you will become a subject matter expert on Mercury’s operations and compliance obligations
- Over time, you will become a subject matter expert on Mercury’s operations and compliance obligations
- Scope and plan internal audits across Mercury products and operations
- Conduct process walkthroughs and execute audit testing to confirm the design and operational effectiveness of internal controls
- Coach and train junior team members and review their audit testing workpapers
- Assess compliance with Mercury’s compliance obligations
- Socialize, document, and report audit issues identified
- Collaborate with teams to develop appropriate action plans, track audit issue remediation, and conduct/review issue follow up testing
- Assist in creating the annual audit plan, including maintaining the audit universe and executing annual audit entity risk assessments
- Other duties as assigned
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
Few candidates hear
back within 2 weeks
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 values
- Think actively: Question processes. Give thoughtful feedback. Find the best way to do something instead of going by how it’s always been done
- Be super helpful: Practice intentionality and accountability. Go above and beyond to solve problems, and do it as a team
- Act with humility: Treat everyone with respect. Leave egos at the door
- Appreciate quality: Work with the best equipment. Avoid cutting corners. Take pride in crafting a lasting product
- Maximize efficiency: Minimize unnecessary meetings and bureaucracy. Work together to get the job done right
- Focus on product: Ask yourself how the product can be better today than it was yesterday
Company HQ
SoMa, San Francisco, CA
Articles
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.
Salary benchmarks
We don't have enough data yet to provide salary benchmarks for this role.
Submit your salary to help other candidates with crowdsourced salary estimates.
Share this job
View 33 more jobs at Mercury