Mercury

Senior Manager - Financial Partnerships

New York, New York, United States

Not SpecifiedCompensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Financial ServicesIndustries

Position Overview

  • Location Type: Remote
  • Job Type: Full-time
  • Salary: Not specified

Mercury is building a whole stack of financial tools for startups. We work hard to create dashboards with thought and simplicity. You can check out our demo dashboard at www.demo.mercury.com. Underneath all of our products is a massive web of partners that users don’t see, that require significant product and process investment. That’s where the Financial Partnership team comes in. The Financial Partnership team maintains our external product relationships and streamlines our collective workflows to keep customers, partners, and Mercury employees happy.

You’ll manage a team of individual contributors and managers that are key cross functional players to Mercury’s product, legal, compliance, and finance teams. Your team owns relationships with everyone from our bank partners to infrastructure partners that support internal tools. Your main priority will be coaching and developing the team - you should lead with empathy, encourage the team to take on challenges and grow, and be their first point of escalation when they need help. You should be a creative problem solver that helps the team think of new ways to solve partner and product problems.

You’ll also be responsible for building out our network of potential partners - this will include a mix of operations, product thinking, and relationship building. You should be an expert at networking, evaluating partners, and developing a partner strategy. You will work within a complex ecosystem of domestic and international banking networks to quickly identify issues, define solutions, and communicate across teams. You will collaborate with product development with insights into the constraints and capabilities of our partners. You will build and foster excellent relationships with our partners as an account manager would do for their top clients.

Secure, reliable, thoughtful, and (perhaps) magical, is how a user should describe banking* on Mercury. Your job is to build and maintain a team that ensures our partners can live up to this description.

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

Requirements

  • Not specified

Responsibilities

  • Lead a team of product partner and payment partner relationship managers
  • Be the driving force behind building Mercury’s network of partner relationships
  • Sell the impact and value of being a partner to Mercury, while negotiating the best returns/outcomes for Mercury
  • Be the internal expert on the fintech partner ecosystem and build our knowledge base on how this system works
  • Work closely with Legal and Finance to negotiate new contracts with our partners and help manage revenue
  • Manage new partner selection and ecosystem expansion
  • Unblock internal teams wherever possible and advocate for Mercury’s roadmap to drive efficiency for internal teams
  • Clearly communicate the compliance, regulatory, and technical product considerations to internal teams.

Skills

Relationship Building
Partner Evaluation
Networking
Team Management
Cross-functional Collaboration
Problem Solving
Product Strategy
Legal and Compliance Knowledge
Financial Partnerships

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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