Senior Sanctions Advisor

  • Mercury - Banking for Startups
  • San Francisco, CA, New York, NY, Portland, OR, or Remote within United States
  • Apr 29, 2024
Finance Legal

Job Description

Mercury is building a banking* stack for startups. Since we launched Mercury in 2019, our customer base has grown to over 200,000 startups and small businesses from all around the world. The AML Advisory Team is looking to hire a subject matter expert to help advise investigations teams, risk managers, product owners, and other key stakeholders. 

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

Here are some things you’ll do on the job:

  • Develop and implement an effective sanctions risk management framework working closely with the operations team, business leaders, and compliance officers across Mercury
  • Implement a process to proactively identify thematic issues/ areas for improvement and ensure their remediation is prioritized in line with the risk they pose
  • Establish KRIs, KPIs, and OKRs for the sanctions program and providing regular reporting of risks, issues, and program health to senior leadership
  • Partner with sanctions product and operations teams to provide advisory on best practices and tuning exercises
  • Proactively identify ways to improve the customer experience by improving our controls, operational processes, or removing controls in line with regulation and risk requirements
  • Create processes to demonstrate our product, compliance, and operational effectiveness and structure
  • Provide advisory support regarding items escalated to Sanctions Advisory for review
  • Prepare any necessary reporting to regulatory agencies and/or partner banks 
  • Participate in special projects as directed by the AML & Sanctions Officer

You should have:

  • Have a minimum of 7+ years of experience building and designing Sanctions governance and policy programs at fintechs, traditional financial institutions, or ideally both
  • Certified Anti-money laundering Compliance Specialist (CAMS) or Certified Global Sanctions Specialist (CGSS) certifications
  • Previous experience tuning sanctions screening software, such as Bridger and FircoSoft
  • Organizational awareness including 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.
  • Be a highly motivated self-starter, and 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
  • Love collaborating with talented professionals across many disciplines within Mercury, from Product, Design, Engineering, Marketing, Legal, Risk and more
  • Care deeply about the founders, entrepreneurs, and individuals that we serve, while also having a strong commitment to Sanctions compliance

The total rewards package at Mercury includes base salary, equity (stock options), and benefits.

Our salary and equity ranges are highly competitive within the SaaS and fintech industry and are updated regularly using the most reliable compensation survey data for our industry. New hire offers are made based on a candidate’s experience, expertise, geographic location, and internal pay equity relative to peers.

Our target new hire base salary ranges for this role are the following:

  • US employees in New York City, Los Angeles, Seattle, or the San Francisco Bay Area: $185,600 - $218,400
  • US employees outside of the New York City, Los Angeles, Seattle, or the San Francisco Bay Area: $167,000 - $196,600

We use Covey as part of our hiring and / or promotional process for jobs in NYC and certain features may qualify it as an AEDT. As part of the evaluation process we provide Covey with job requirements and candidate submitted applications. We began using Covey Scout for Inbound on January 22, 2024.

Please see the independent bias audit report covering our use of Covey here.

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