What are the responsibilities and job description for the Lead Compliance Risk Manager - Product Compliance, Personal Banking position at Mercury?
As Mercury continues its rapid growth trajectory, navigating the complex and ever-evolving partnerships and regulatory landscape is paramount. The fintech industry is under increased scrutiny and regulatory compliance is not just a necessity but a competitive advantage. By ensuring that we are ahead of the curve in terms of compliance, we not only protect Mercury from potential legal and financial pitfalls but also position ourselves as a trustworthy and reliable partner for our customers. We are seeking a highly motivated compliance professional to join our Product Compliance team. In this role you will be responsible for working with our Personal Banking Product team and helping build and maintain a compliance program to support our Personal Banking product. You will empower our Product teams to build compliant-by-design products by advising them on regulatory and partner requirements and supporting new product development. You are responsible for identifying potential compliance risks and working with relevant teams to develop strategies for compliance. In this role, you will: Work closely with cross-functional risk and product teams to bring Mercury products to market in a way that meets all relevant financial partner and regulatory compliance obligations. Stay up to date with any regulatory changes, best practices, and new developments in the industry and implement necessary updates. Support expansion for new payments product launches by scoping, defining and communicating product and compliance requirements. Work cross-functionally to drive remediation efforts for products within your defined scope. Support the compliance function in defining and achieving departmental initiatives, maintaining relevant policies and procedures, developing documentation solutions, and liaising with auditors. Contribute to building a strong culture of compliance across Mercury. You should have: 5-7 years of experience working in compliance advisory role, ideally in a financial technology company. Subject matter expert in consumer regulatory compliance, including Regulation E (Electronic Funds Transfer), Regulation Z (Truth in Lending), UDAAP, and CFPB guidelines. Demonstrated track record of working with product teams on regulatory compliance matters including, but not limited to: financial crimes, licensing requirements, regulatory reporting, financial product obligations, consumer compliance, conduct risk, complaints handling. Experience evaluating emerging products for compliance risk, working with the product and business stakeholders to implement creative solutions to tough compliance requirements, and conducting compliance reviews of new products and marketing materials. The ability to identify and define problems, build project plans to address them, and manage implementation of their solution. The ability to effectively communicate across various lines of business and senior management. An ambitious sense of curiosity and a willingness to explore areas outside of your comfort zone, like new markets or new product types. The ability to work efficiently and independently in an ambiguous, fast-paced environment, with a strong understanding of when to escalate urgent issues. Respect for and interest in financial rules and regulations, as well as an eagerness to innovate and drive the industry forward. Certified Regulatory Compliance Manager (CRCM) designation, a plus. This role offers the opportunity to shape and scale a compliance testing program in a dynamic, high-growth environment. If you enjoy structured problem-solving, regulatory complexity, and leveraging technology for smarter compliance, we’d love to hear from you! 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.
