Senior Compliance Risk Manager - Product Compliance, Payments

As Mercury continues its rapid growth trajectory, navigating the complex and ever-evolving partnerships and regulatory landscape is paramount. The fintech industry is under increased scrutiny and regulatory compliance is not just a necessity but a competitive advantage. By ensuring that we are ahead of the curve in terms of compliance, we not only protect Mercury from potential legal and financial pitfalls but also position ourselves as a trustworthy and reliable partner for our customers.

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.

In this role, you will:

• 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

You should have:

• 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

The total rewards package at Mercury includes base salary, equity (stock options), and benefits.

Our salary and equity ranges are highly competitive within the SaaS and fintech industry and are updated regularly using the most reliable compensation survey data for our industry. New hire offers are made based on a candidate’s experience, expertise, geographic location, and internal pay equity relative to peers.

Our target new hire base salary ranges for this role are the following:

• US employees in New York City, Los Angeles, Seattle, or the San Francisco Bay Area: $171,000 - $213,700
• US employees outside of the New York City, Los Angeles, Seattle, or the San Francisco Bay Area: $153,900 - $192,300
• Canadian employees (any location): $161,600 CAD - $201,900 CAD