Deputy BSA Officer

New York, New York, United States

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Not SpecifiedCompensation

Expert & Leadership (9+ years)Experience Level

Full TimeJob Type

UnknownVisa

Fintech, Financial ServicesIndustries

Requirements

Candidates should have a minimum of 7+ years of 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 is required, along with experience owning and executing model changes and documentation for BSA/AML and Sanctions programs. Advanced knowledge of data analytics supporting BSA/AML and Sanctions programs is necessary, as is a strategic and entrepreneurial mindset to identify emerging compliance trends and risks. Excellent communication skills are essential, and the ability to operate comfortably in a highly-regulated, rapidly evolving, and sometimes ambiguous environment is expected.

Responsibilities

The Deputy BSA Officer will own and maintain Mercury Technologies’ transaction monitoring and sanctions models, enhance program governance, and potentially serve as the designated BSA Officer for Mercury’s regulated entities. Responsibilities include developing the BSA/AML program, supporting policy, control, and training development, and working closely with internal stakeholders to enhance program governance and oversight. The role involves partnering across Compliance, Risk, Legal, and Product teams to guide regulated entities towards a successful compliance program, leveraging data to advance the annual BSA/AML and Sanctions Risk Assessment, and maintaining an inventory of BSA/AML requirements. This includes executing gap and change management assessments, taking ownership of BSA/AML and Sanctions Models, driving model changes, ensuring appropriate documentation, and updating model documentation including development and governance artifacts.

Skills

BSA/AML

Sanctions Compliance

Transaction Monitoring

Risk Assessment

Policy Development

Control Development

Training Development

Governance

Oversight

Gap Assessment

Change Management

Mercury

Banking services for startups and founders

About Mercury

Mercury provides banking services specifically designed for startups, regardless of their size or stage of development. Their offerings include free checking and savings accounts, debit and credit cards, and options for domestic and international wire transfers, as well as treasury and venture debt services. The platform is user-friendly, allowing founders to manage their finances with ease. What sets Mercury apart from traditional banks is its focus on the startup community, offering programs that connect founders with valuable resources and advice to help them succeed. The goal of Mercury is to empower startups by providing them with the financial tools and support they need to grow and thrive.

San Francisco, CaliforniaHeadquarters

2017Year Founded

$146.8MTotal Funding

DEBTCompany Stage

Fintech, Financial ServicesIndustries

1,001-5,000Employees

Benefits

Health, dental, & vision

Custom equipment setup

401(K) matching

12+ weeks paid parental leave

Book budget

Wellness benefits

Grocery budget

Paid lunch

Personalized callsign

Unlimited vacation policy (with mandatory minimum)

Risks

Mercury's decision to stop serving certain countries may lead to customer loss.

Integration challenges from the Teal acquisition could disrupt services.

Expansion into consumer banking might divert focus from core startup services.

Differentiation

Mercury offers both business and personal banking services, unlike many fintech competitors.

The company provides integrated financial management tools, enhancing startup operational efficiency.

Mercury's Raise program connects startups with investors, mentors, and other founders.

Upsides

Mercury secured a $100 million credit warehouse to expand its credit card business.

The acquisition of Teal enhances Mercury's financial management offerings for startups.

Mercury Personal expands market reach by attracting tech-savvy individuals.

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