Senior BSA/AML Advisor

Mercury* is building a financial stack for startups. Since we launched Mercury in 2019, our customer base has grown to over 200,000 startups and small businesses from all around the world. The AML Advisory team is looking to hire a subject matter expert to help advise investigations teams, risk managers, product owners, and other key stakeholders.

*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.

Here are some things you’ll do on the job:

• Enhance BSA/AML enterprise level standards and review new/revised business line policies and procedures to ensure alignment as it relates to Fraud/Transaction Monitoring (TMS) and KYC
• Maintain subject matter expertise of applicable anti-money laundering laws and regulations, and support business lines by providing guidance across Fraud/TMS and KYC requirements
• Direct Fraud/TMS and KYC assessments to identify and address gaps and areas of opportunities
• Asses Fraud/TMS and KYC compliance deficiencies and data collection risks
• Leverage systems, data, and processes to identify root causes for Fraud/TMS and KYC challenges, and recommend/lead related remediation efforts
• Provide effective challenge and guidance on Fraud/TMS and KYC compliance risks and support business lines through various interactions and forums; influence changes to processes, procedures, and controls to mitigate compliance risks
• Review business line training materials with Fraud/TMS and KYC compliance related content for accuracy and completeness
• Support and communicate compliance risk appetite and key performance metrics to business lines
• Collaborate with business stakeholders to develop, design, and enhance compliance controls related to new and existing business products
• Evaluate Audit, regulatory exam(s), and self-identified issues and events for Fraud/TMS and KYC compliance impacts
• Monitor external Fraud/TMS and KYC compliance environment, emerging risks, and regulatory focus areas
• Provide advisory support regarding items escalated to the AML Advisory team for review
• Be accountable for accuracy of information gathered while maintaining quality control standards

You should:

• Have at least 5+ years of current experience in financial services, or AML/Fraud functions, or compliance risk management, or AML/Fraud project/program management at a fintech or large financial institution
• Have at least 5+ years of previous experience in Legal, Audit, or previous regulatory experience; or, at least 5+ years of previous experience in AML/Fraud compliance investigations, regulations, controls, risk, rule writing, or operations
• Have a current Certified Anti-money laundering Compliance Specialist (CAMS) and/or Certified Fraud Examiner (CFE) certification(s)
• Have organizational awareness including deep working knowledge of risks, products, processes, and controls across a variety of financial products, such as Banking as a Service (BaaS), ACH, international wires, checks, payments, credit cards, etc.
• Familiarity with financial crimes tooling, technologies, and systems
• Be a highly motivated self-starter, and comfortable operating in a highly-regulated, rapidly evolving, and sometimes ambiguous environment
• Effective written and verbal communication skills, with the ability to break down complex requirements into easy-to-understand and practical systems
• Love collaborating with talented professionals across many disciplines within Mercury, from Product, Design, Engineering, Marketing, Legal, Risk and more
• Care deeply about the founders, entrepreneurs, and individuals that we serve, while also having a strong commitment to AML/Fraud compliance

The total rewards package at Mercury includes base salary, equity, 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: $160,900 - $201,100
• US employees outside of the New York City, Los Angeles, Seattle, or the San Francisco Bay Area: $144,800 - $181,00

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.

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