Senior BSA/AML Advisor

Position Overview

• Location Type: [Not Specified]
• Job Type: [Not Specified]
• Salary: [Not Specified]

Mercury is building a financial stack for startups. Since its launch in 2019, Mercury's customer base has grown to over 200,000 startups and small businesses globally. The AML Advisory team is seeking a subject matter expert to advise investigations teams, risk managers, product owners, and other key stakeholders.

*Mercury is a financial technology company, not a bank. Banking services are provided through Choice Financial Group, Column N.A., and Evolve Bank & Trust, Members FDIC.

Responsibilities

• Enhance BSA/AML enterprise-level standards and review new/revised business line policies and procedures to ensure alignment with Fraud/Transaction Monitoring (TMS) and KYC.
• Maintain subject matter expertise of applicable anti-money laundering laws and regulations, and provide guidance across Fraud/TMS and KYC requirements to business lines.
• Direct Fraud/TMS and KYC assessments to identify and address gaps and areas of opportunity.
• Assess Fraud/TMS and KYC compliance deficiencies and data collection risks.
• Leverage systems, data, and processes to identify root causes for Fraud/TMS and KYC challenges, and recommend/lead related remediation efforts.
• Provide effective challenge and guidance on Fraud/TMS and KYC compliance risks, and support business lines through various interactions and forums; influence changes to processes, procedures, and controls to mitigate compliance risks.
• Review business line training materials with Fraud/TMS and KYC compliance-related content for accuracy and completeness.
• Support and communicate compliance risk appetite and key performance metrics to business lines.
• Collaborate with business stakeholders to develop, design, and enhance compliance controls related to new and existing business products.
• Evaluate Audit, regulatory exam(s), and self-identified issues and events for Fraud/TMS and KYC compliance impacts.
• Monitor the external Fraud/TMS and KYC compliance environment, emerging risks, and regulatory focus areas.
• Provide advisory support regarding items escalated to the AML Advisory team for review.
• Be accountable for the accuracy of information gathered while maintaining quality control standards.

Requirements

• At least 5+ years of current experience in financial services, AML/Fraud functions, compliance risk management, or AML/Fraud project/program management at a fintech or large financial institution.
• At least 5+ years of previous experience in Legal, Audit, or previous regulatory experience; OR at least 5+ years of previous experience in AML/Fraud compliance investigations, regulations, controls, risk, rule writing, or operations.
• Hold a current Certified Anti-money laundering Compliance Specialist (CAMS) and/or Certified Fraud Examiner (CFE) certification(s).
• Possess organizational awareness, including deep working knowledge of risks, products, processes, and controls across a variety of financial products, such as Banking as a Service (BaaS), ACH, international wires, checks, payments, credit cards, etc.
• Familiarity with financial crimes tooling, technologies, and systems.
• Must be a highly motivated self-starter, comfortable operating in a highly-regulated, rapidly evolving, and sometimes ambiguous environment.
• Effective written and verbal communication skills, with the ability to break down complex requirements into easy-to-understand and practical systems.
• Passion for collaborating with talented professionals across many disciplines within Mercury, including Product, Design, Engineering, Marketing, Legal, and Risk.
• Deep care for the founders, entrepreneurs, and individuals served by Mercury, coupled with a strong commitment to AML/Fraud compliance.

Company Information

Mercury is building a financial stack for startups. Since its launch in 2019, Mercury's customer base has grown to over 200,000 startups and small businesses globally.

The total rewards package at Mercury includes base salary, equity, and benefits. Mercury's salary and equity ranges are highly competitive within the SaaS and fintech industry and are updated regularly using the most reliable compensation data.