About the Role:
We’re building a bank for startups. Startups want a bank that understands them, built by people like them. We believe the future of banking will be delightful and developer-friendly. We’re building a bank for startups. Startups want a bank that understands them, built by people like them. We believe the future of banking will be delightful and developer-friendly. You’ll be a critical part of our growing compliance team, serving as a subject matter expert on product-specific compliance risks within Mercury’s banking and money transmission services. You’ll partner closely with our product and engineering teams to embed compliance by design into our innovative financial products, ensuring they meet all regulatory requirements while delighting our customers.
What you’ll do:
- Serve as a subject matter expert on product-specific compliance risks within Mercury’s banking and money transmission services, including BSA/AML, OFAC, KYC, CIP, consumer protection, fair lending, and other regulatory requirements relevant to financial services.
- Partner with product and engineering teams to embed compliance by design into new and existing products, ensuring features are developed and launched in a compliant manner.
- Conduct compliance risk assessments for product features, new products, and product initiatives, identifying potential regulatory risks and recommending mitigation strategies.
- Develop and implement compliance policies and procedures related to product design and operational processes.
- Monitor the regulatory landscape for changes impacting Mercury’s products and services, advising product teams on necessary adjustments.
- Collaborate with legal, risk, and other compliance functions to ensure a cohesive approach to risk management and regulatory adherence.
- Assist in preparing for and responding to internal audits, external examinations, and regulatory inquiries.
- Provide training and guidance to product and engineering teams on compliance requirements and best practices.
What you’ll bring:
- 7+ years of experience in compliance, risk management, or legal roles within the financial services or FinTech industry, with a focus on product compliance.
- Deep understanding of US banking regulations, including BSA/AML, OFAC, KYC, CIP, consumer protection laws, and other relevant federal and state financial services regulations.
- Proven experience partnering with product and engineering teams to embed compliance controls into product development lifecycles.
- Strong analytical and problem-solving skills, with the ability to interpret complex regulations and apply them to innovative product offerings.
- Excellent communication, interpersonal, and presentation skills, with the ability to articulate complex compliance concepts to technical and non-technical audiences.
- Ability to work independently and collaboratively in a fast-paced, dynamic environment.
- J.D. or equivalent legal degree strongly preferred.
