Mercury

Senior Financial Partnerships Manager - Cards

New York, New York, United States

Not SpecifiedCompensation
Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level
Full TimeJob Type
UnknownVisa
Fintech, Financial Services, StartupsIndustries

Senior Partnerships Manager

Position Overview

Mercury is building a comprehensive suite of financial tools for startups, focusing on user-friendly dashboards and robust backend infrastructure. The Financial Partnerships team plays a crucial role in managing the complex network of external partners that enable Mercury's products and services. As a Senior Partnerships Manager, you will be responsible for nurturing and growing strategic financial partnerships, ensuring seamless integrations and effective escalation management. This role requires a creative problem-solver adept at driving progress through cross-functional collaboration and communication. You will manage both the day-to-day operational needs of key partners and the long-term strategic vision for partnership growth.

Responsibilities

  • Manage a portfolio of strategic financial and payments partnerships.
  • Lead the expansion of Mercury's network of financial relationships.
  • Articulate the value proposition of partnering with Mercury and negotiate favorable terms.
  • Become the internal subject matter expert on the payments, card issuance, and B2B ecosystem, contributing to a shared knowledge base.
  • Collaborate closely with Legal and Finance departments to negotiate and manage contracts with card issuance partners, including revenue oversight.
  • Drive new partner selection, ecosystem expansion, and product innovation initiatives.
  • Facilitate efficiency for internal teams by unblocking challenges and advocating for Mercury's roadmap.
  • Develop and manage partnership strategies, including executive-level engagement.
  • Accurately communicate Mercury's compliance, regulatory, and technical offerings to effectively liaise between product teams and external partners.
  • Build and maintain strong relationships with partners, akin to an account manager for top clients.
  • Identify and resolve issues within a complex ecosystem of internal and external partners.
  • Collaborate with product development, providing insights into partner constraints and capabilities.

Requirements

  • 6+ years of relevant experience in banking/payment operations.
  • 4+ years of experience in card issuance, ideally in a strategic partnership management role.
  • Demonstrated leadership in growing partnerships and exploring innovative collaboration methods.
  • Exceptional communication skills, both internally and externally.
  • Strong project management and organizational abilities.
  • Proven ability to manage partnerships at both tactical and strategic levels.
  • Consistent demonstration of empathy.
  • Strong product sense and understanding.
  • Expertise in negotiation and navigating strategic deals.
  • Technical aptitude or comfort with technical concepts to interface effectively between internal and external technical teams.
  • Ability to remain calm and collected under pressure.

Company Information

Mercury is a financial technology company, not a bank. Banking services are provided by Choice Financial Group, Column N.A., and Evolve Bank & Trust, Members FDIC. Our mission is to build a complete suite of financial tools for startups, emphasizing thoughtful design and simplicity. You can explore our demo dashboard at demo.mercury.com.

Skills

Financial Partnerships
Product Strategy
Relationship Management
Problem Solving
Cross-functional Collaboration
Networking
Partner Evaluation
Account Management
Operations
Product Development

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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