Deputy BSA Officer

Mercury is building a complete finance stack for startups. We work hard to create the easiest and safest banking* experience possible to simplify entrepreneurs' and business owners’ financial lives. The challenge is to do so while ensuring we protect Mercury, customers and the broader financial ecosystem from bad actors and harmful, illegal or unauthorized activities.

Mercury*, while not a bank itself, is an important part of the U.S. financial ecosystem. Mercury provides banking services to ambitious entrepreneurs, and in so doing, must play a part in also working to root out bad actors and prevent them from accessing or abusing the U.S. financial system.

The BSA/AML & Sanctions compliance team serves as the oversight function for the overall AML & Sanctions program. As the Deputy BSA Officer, you will own and maintain Mercury Technologies’ transaction monitoring and sanctions models, enhance program governance, and may serve as the designated BSA Officer for Mercury’s regulated entities. This leadership role will report to Mercury’s BSA Officer and will require significant cross-functional engagement across the company.

*Mercury is a financial technology company, not a bank. Banking services provided through Choice Financial Group, Column N.A., and Evolve Bank & Trust, Members FDIC.

As part of the journey, we would expect you to:

• Help to develop Mercury’s BSA/AML program, including supporting policy, control, and training development
• Work closely with the internal stakeholders to enhance governance and oversight of the program.
• Partner across Compliance, Risk, Legal, and Product, among other teams, to help guide Mercury’s regulated entities towards a successful compliance program.
• Leverage data to advance and execute the annual BSA/AML and Sanctions Risk Assessment.
• Maintain an inventory of BSA/AML requirements; execute gap assessments and change management assessments as required, to ensure compliance with expectations from regulators, partner institutions, and Mercury’s policies
• Take ownership of Mercury’s BSA/AML and Sanctions Models and ensure these models meet both internal and external (partner bank and regulatory) expectations.
• Drive model changes, including updates to scenarios, thresholds, segmentation, or logic.
• Ensure appropriate documentation of assumptions, limitations, and model change rationales.
• Own and update model documentation, including model development documentation, and model governance artifacts.

There are lots of paths that could lead you to be successful in a role like this; we think the strongest candidates will have some of this experience:

• Have a minimum of 7+ years experience building and designing BSA/AML governance and policy programs at regulated financial institutions, or fintechs, ideally both
• Familiarity with FINRA / SEC regulations for broker dealers and registered investment advisors.
• Have experience owning and executing model changes and model documentation for BSA/AML and Sanctions programs at financial institutions.
• Have advanced knowledge of data analytics supporting BSA/AML and Sanctions programs.
• Have a strategic and entrepreneurial mindset with an ability to identify emerging compliance trends and risks, ensuring we stay ahead of the curve.
• Care deeply about the founders and entrepreneurs that we serve, while also having a strong commitment to BSA/AML compliance.
• Be an excellent communicator, with the ability to break down complex requirements into easy-to-understand and practical systems.
• Be comfortable operating in a highly-regulated, rapidly evolving, and sometimes ambiguous environment.
• Love collaborating with talented professionals across many disciplines within Mercury, from Product, Design, Engineering, Marketing, and more.

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: $252,500 - $315,600
• US employees outside of the New York City, Los Angeles, Seattle or the San Francisco Bay Area: $227,300 - $284,000

Mercury values diversity & belonging and is proud to be an Equal Employment Opportunity employer. All individuals seeking employment at Mercury are considered without regard to race, color, religion, national origin, age, sex, marital status, ancestry, physical or mental disability, veteran status, gender identity, sexual orientation, or any other legally protected characteristic. We are committed to providing reasonable accommodations throughout the recruitment process for applicants with disabilities or special needs. If you need assistance, or an accommodation, please let your recruiter know once you are contacted about a role.

We use Covey as part of our hiring and / or promotional process for jobs in NYC and certain features may qualify it as an AEDT. As part of the evaluation process we provide Covey with job requirements and candidate submitted applications. We began using Covey Scout for Inbound on January 22, 2024. Please see the independent bias audit report covering our use of Covey here.

#LI-DNI