Head of AML Advisory

Mercury•Portland, OR

4d•$219,000 - $304,100

About The Position

Mercury is building a complete finance stack for startups. We work hard to create the easiest and safest banking experience possible to simplify entrepreneurs' and business owners’ financial lives. The challenge is to do so while ensuring we protect Mercury, customers and the broader financial ecosystem from bad actors and harmful, illegal or unauthorized activities. Mercury, while not a bank itself, is an important part of the U.S. financial ecosystem. Mercury provides banking services to ambitious entrepreneurs, and in so doing, must play a part in also working to root out bad actors and prevent them from accessing or abusing the U.S. financial system. The BSA/AML & Sanctions compliance team serves as the oversight function for the overall AML & Sanctions program. As the Head of AML Advisory, you will drive and own day-to-day advisory and support of Mercury’s BSA/AML program spanning Know Your Customer (KYC), Transaction Monitoring, emerging risk, and customer supportability. This leadership role will report to Mercury’s BSA Officer and will require significant cross-functional engagement with our risk strategy and operations functions, product managers, engineers, and external financial partners. Mercury is a fintech company, not an FDIC-insured bank. Banking services provided through Choice Financial Group and Column N.A., Members FDIC.

Requirements

Minimum of 8+ years experience building and designing BSA/AML governance and policy programs at fintechs, traditional financial institutions, or ideally both
Deep knowledge of BSA/AML and other applicable regulatory frameworks (e.g., FFIEC, SAR, CTF, FATF, etc.)
Strategic and entrepreneurial mindset with an ability to identify emerging compliance trends and risks, ensuring we stay ahead of the curve
Strong team leadership while also the ability to get into the weeds and be scrappy
Care deeply about the founders and entrepreneurs that we serve, while also having a strong commitment to BSA/AML compliance
Excellent communicator, with the ability to break down complex requirements into easy-to-understand and practical systems
Comfortable operating in a highly-regulated, rapidly evolving, and sometimes ambiguous environment
Love collaborating with talented professionals across many disciplines within Mercury, from Product, Design, Engineering, Marketing, and more

Responsibilities

Help to develop Mercury’s BSA/AML program, including supporting policy, control, governance, and training development
Work closely with the BSA/AML and Sanctions Compliance Officer, existing operational AML/BSA and KYC teams, and Product Compliance managers on aligning policies with implementation and addressing escalation
Partner across Compliance, Risk, Legal, and Product, among other teams, to help guide Mercury’s growth in a highly-regulated space
Serve as a champion and conduit for BSA/AML and KYC priorities across the company, and provide advisory to business partners as needed
Maintain an inventory of BSA/AML requirements; execute gap assessments and change management assessments as required, to ensure compliance with expectations from regulators, partner institutions, and Mercury’s policies
Support the execution of the AML/BSA and KYC Risk Assessments