Senior Compliance Risk Manager, Mercury

Product Compliance, Payments

$171-213.7k

Salary applicable for candidates based in New York City, Los Angeles, Seattle, or the San Francisco Bay Area. For US candidates in other locations: $153,900 - $192,300. For candidates based in Canada: $161,600 - $201,900 CAD + Stock options

Senior level

Remote in Canada, US

New York

San Francisco Bay Area

Banking services for startups

Be an early applicant

Banking services for startups

501-1000 employees

FintechB2BBankingFinancial Services

Be an early applicant

$171-213.7k

Senior level

Remote in Canada, US

New York

San Francisco Bay Area

501-1000 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

5-7 years of experience working in compliance advisory role, ideally in a financial technology company or in the payments industry
Subject matter expert in Nacha compliance
Knowledge of banking payments rails and card network rules (Mastercard)
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

What the job involves

We are seeking a highly motivated compliance professional to join our Product Compliance team
In this role you will be responsible for working with our Payments Product team, covering all things ACH, Wires, and Checks on behalf of Compliance
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
Ensure all ACH payment processes and products comply with Nacha rules and regulations. Stay up to date with any changes in Nacha guidelines 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 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

Top investors

50% employee growth in 12 months

Glassdoor (4.5)

Trustpilot (4)

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)
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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