[Remote] Head of Compliance Advisory - Lending and Payments at Mercury

New York, New York, United States

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Not SpecifiedCompensation

N/AExperience Level

N/AJob Type

Not SpecifiedVisa

N/AIndustries

Requirements

8+ years of experience in a compliance advisory role
Experience in financial institution, fintech, banking-as-a-service, or consumer finance industries
Strong track record of leading and developing compliance teams
Deep subject matter expertise in lending, credit cards, and money movement regulations (e.g., ECOA/Fair Lending, UDAP/UDAAP, TILA, FCRA, SCRA, card network rules, BSA/AML)
Ability to identify risk and compliance considerations around novel software products
Proven experience working cross-functionally with product, engineering, legal, and risk

Responsibilities

Lead the Lending and Payments Compliance Advisory team, aligning compliance efforts with business goals and product roadmap
Provide strategic direction and day-to-day oversight for the team
Partner with product and legal to shape and support compliant design and launch of new features and offerings
Act as a trusted compliance resource across the business for nuanced or novel questions
Guide product and operations teams in managing compliance incidents and remediating root causes
Own and evolve compliance policies in collaboration with subject matter experts and regulatory stakeholders
Inform training strategy by contributing compliance expertise to internal enablement efforts
Embed compliance perspectives in product risk assessments and launch readiness reviews
Interpret and operationalize regulatory and partner-driven requirements and changes
Serve as a compliance representative in partner meetings and responses
Review and advise on marketing campaigns and materials to ensure regulatory and reputational compliance
Strengthen cross-functional collaboration with product, legal, engineering, and risk teams
Represent Compliance in external conversations with financial partners and regulators
Support the execution of Compliance department initiatives, including audit readiness, documentation improvements, and cross-cutting operational projects
Reinforce and grow a culture of compliance across the organization

Skills

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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