Deputy BSA/AML Officer

SF, NY, Portland, or remote in US
Full-time
Mercury

On June 17, 1972, five men were arrested for breaking into the Democratic National Committee Headquarters in the Watergate office building in Foggy Bottom. Though Woodward and Bernstein have since chronicled in great detail the break-in, the cover-up, and the aftermath, a little known, and less chronicled, piece of the Watergate saga is the role played by the Bank Secrecy Act, the country’s first major piece of financial crime and anti-money-laundering legislation. One of the Watergate burglars, a former CIA agent, had obtained a stack of new, sequentially marked $100 bills from a bank in Miami to help finance the burglary. Investigators followed the money trail from Miami, to checks drawn on a Mexican bank, to a well-connected Minnesota businessman, to President Nixon himself. A President who had just two years earlier signed into law the Bank Secrecy Act.

Since those early dramatic years for the BSA, Congress has continued to build on this country’s BSA/AML and sanctions frameworks with help from FinCEN, OFAC, and other regulators. These laws and regulations create an important bulwark, protecting the U.S. banking and financial system from being abused by burglars, crooks, terrorists, and other bad actors.

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.

To that end, and to support our existing financial crimes program, we are hiring a Deputy BSA/AML and Sanctions Officer. In this role you will report to Mercury’s BSA Officer and provide end to end program and oversight support, with exposure to senior management and key financial partners.

In this role, you will:

  • Help to develop Mercury’s BSA/AML and Sanctions programs, including supporting policy, control, and training development
  • Work closely with the BSA/AML and Sanctions Compliance Officer, existing operational AML and Sanctions teams, and Product Compliance managers on aligning policies with implementation and addressing escalation
  • Partner across Compliance, Risk, Legal, and Product, among other teams, to help guide Mercury’s growth in a highly-regulated space
  • Support the creation of governance structures, such as establishing KRIs, KPIs, and OKRs for conveyance to senior leadership
  • Serve as a champion and conduit for BSA/AML priorities across the company, and provide advisory to business partners as needed
  • Help set and drive vision for how compliance can not only help protect Mercury, but serve as a differentiator and competitive advantage
  • Support the strategic goals of the Compliance function while still operating in the weeds on key compliance initiatives
  • Maintain an inventory of BSA/AML and Sanctions requirements; execute gap assessments and change management assessments as required, to ensure compliance with expectations from regulators, partner institutions, and Mercury’s policies
  • Support the execution of the Money Laundering and Sanctions Risk Assessments

You should:

  • Have a minimum of 7+ years experience building and designing BSA/AML and Sanctions governance and policy programs at fintechs, traditional financial institutions, or ideally both
  • Possess deep knowledge of BSA, AML, Sanctions, and other applicable regulatory frameworks (e.g., FFIEC, SAR, CTF, FATF, etc.)
  • 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 and Sanctions 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: $185,600 - $218,400
  • US employees outside of the New York City, Los Angeles, Seattle or the San Francisco Bay Area: $167,000 - $196,600
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About the team

Support innovative ideas while maintaining regulations and policies internally, with our partners, and directly with customers. We like transparency, integrity, and great jokes.