Mercury

Product and Regulatory Counsel

New York, New York, United States

Mercury Logo
Not SpecifiedCompensation
Entry Level & New GradExperience Level
Full TimeJob Type
UnknownVisa
Financial Services, BankingIndustries

Requirements

Candidates should possess 5+ years of experience as a lawyer, gained in a combination of fintech, banking, payments, or financial crimes compliance roles such as private practice, in-house, or with a government agency. They should have a proven track record of transforming compliance challenges into product-centric solutions.

Responsibilities

The Product and Regulatory Counsel will serve as both a business partner and legal advisor, providing thoughtful counsel on business banking and payments products, and helping teams understand existing regulatory frameworks while also driving innovation and adaptability. They will collaborate across teams including compliance, risk, engineering, customer support, and product to craft user-focused solutions, applying an appropriately balanced and risk-based level of regulatory rigor. The role involves translating dense legal concepts into straightforward narratives for stakeholders and embracing new regulations and market shifts as learning opportunities, fostering collective success through a collaborative approach.

Skills

Legal Counsel
Regulatory Compliance
Product Legal Strategy
Financial Regulations
Business Banking
Payments
Cross-Functional Collaboration
Risk Management
Legal Advisory

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.

Key Metrics

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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