Deputy BSA Officer

Salary: Not Specified Location Type: Not Specified Employment Type: Not Specified

Position Overview

Mercury is building a comprehensive finance stack for startups, aiming to provide the easiest and safest banking experience for entrepreneurs and business owners. This involves protecting Mercury, its customers, and the financial ecosystem from illicit activities. While Mercury is a financial technology company, not a bank, it plays a crucial role in the U.S. financial system by providing banking services and working to prevent bad actors from accessing or abusing it.

The BSA/AML & Sanctions compliance team oversees Mercury's overall AML & Sanctions program. As the Deputy BSA Officer, you will be responsible for owning and maintaining transaction monitoring and sanctions models, enhancing program governance, and potentially serving as the designated BSA Officer for Mercury’s regulated entities. This leadership role reports to Mercury’s BSA Officer and requires significant cross-functional collaboration.

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.

Responsibilities

• Help develop Mercury’s BSA/AML program, including supporting policy, control, and training development.
• Work closely with internal stakeholders to enhance program governance and oversight.
• Partner across Compliance, Risk, Legal, Product, and other teams to guide Mercury’s regulated entities toward 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, ensuring they meet internal, 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.

Requirements

• 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.
• Experience owning and executing model changes and model documentation for BSA/AML and Sanctions programs at financial institutions.
• Advanced knowledge of data analytics supporting BSA/AML and Sanctions programs.
• A strategic and entrepreneurial mindset with the ability to identify emerging compliance trends and risks to stay ahead of the curve.
• Deep care for founders and entrepreneurs, coupled with a strong commitment to BSA/AML compliance.
• Excellent communication skills, with the ability to break down complex requirements into easy-to-understand and practical systems.
• Comfort operating in a highly-regulated, rapidly evolving, and sometimes ambiguous environment.
• Enjoy collaborating with talented professionals across various disciplines within Mercury, including Product, Design, Engineering, and Marketing.

Company Information

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. 

The total rewards package at Mercury includes base salary, equity (stock options), and benefits.