AML Governance Expert

7 days ago


Los Angeles, California, United States Coatue Management L.L.C. Full time

We are building a complete finance stack for startups at Mercury, with the goal of creating the easiest and safest banking experience possible.

Our team works hard to simplify entrepreneurs' and business owners' financial lives while ensuring we protect Mercury, customers, and the broader financial ecosystem from bad actors and harmful activities.

Mercury provides banking services to ambitious entrepreneurs and must work 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.

Job Description:

  • AML Advisory Leadership
  • 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 require significant cross-functional engagement with our risk strategy and operations functions, product managers, engineers, and external financial partners.

Key Responsibilities:

  • Develop Mercury's BSA/AML program, including supporting policy, control, 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 to guide Mercury's growth in a highly-regulated space.
  • Create governance structures for the overall program.
  • Serve as a champion and conduit for BSA/AML and KYC priorities across the company and provide advisory to business partners as needed.
  • Set and drive vision for how compliance can protect Mercury and serve as a differentiator and competitive advantage.
  • Support strategic goals of the Compliance function while operating in the weeds on key compliance initiatives.
  • 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.
  • Execute AML/BSA and KYC Risk Assessments.

Requirements:

  • Minimum 7+ years experience building and designing BSA/AML governance and policy programs at fintechs, traditional financial institutions, or ideally both.
  • Possess deep knowledge of BSA/AML and other applicable regulatory frameworks (e.g., FFIEC, SAR, CTF, FATF, etc.).
  • Have a strategic and entrepreneurial mindset with the ability to identify emerging compliance trends and risks, ensuring we stay ahead of the curve.
  • Care deeply about the founders and entrepreneurs that we serve, while having a strong commitment to BSA/AML compliance.
  • Be an excellent communicator, able to break down complex requirements into easy-to-understand and practical systems.
  • Be comfortable operating in a highly-regulated, rapidly evolving, and sometimes ambiguous environment.
  • Lovely collaborating with talented professionals across many disciplines within Mercury, from Product, Design, Engineering, Marketing, and more.

Benefits:

We offer a total rewards package including 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 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 estimated new hire base salary range for this role is $224,700 - $264,300 for US employees in New York City, Los Angeles, Seattle, or the San Francisco Bay Area and $202,200 - $237,900 for US employees outside of these areas.



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