Head of Financial Crimes, Mercury
$175.4-229.3k
CAD $177,400 - $208,700
Banking services for startups
Job no longer available
Banking services for startups
501-1000 employees
Job no longer available
$175.4-229.3k
CAD $177,400 - $208,700
501-1000 employees
Company mission
To make scaling tech companies simpler with a personalized banking stack for startups, and power the next generation of companies that will shape the American industry.
Role
Who you are
- Have 7+ years of work experience in Financial Crimes (AML / Sanctions), including transaction monitoring and/or financial investigations experience. 10+ years of work experience overall
- Have 7+ years of people management experience (ICs + managers), ideally in Fintech, Risk, Compliance, Operations, or Trust & Safety
- Be a strong analytical thinker - you are metrics-driven and results oriented
- Possess deep knowledge of BSA/AML and sanctions laws, regulations, best practices and tools
- Be an excellent collaborator and communicator - you can motivate your team, secure buy-in from leadership, and work effectively with all functions, including Eng, Support, Compliance, Product, and Data Science to drive outcomes
- Be comfortable with decision making in a fast paced, ambiguous environment
What the job involves
- Lead the Financial Crimes group, which includes the AML and Sanctions teams that are responsible for operationalizing policies and regulations, and create a roadmap and vision to uplevel the domain
- Mentor, coach and support managers and ICs
- Partner cross-functionally with Compliance, Legal, Product, Risk Strategy and additional groups to enhance Mercury’s AML/BSA/Sanctions programs and bring efficiency using data and technology
- Increase resilience and scalability of the operation using robust procedures, process automation, and effectively working with Product teams to build capabilities and tools
- Work closely with AML/BSA/Sanctions Officer to ensure robust risk management across all areas of the domain and proactively identify programs’ gaps and weaknesses
- Assist and support the design and creation of relevant strategies in relation to BSA/AML/Sanctions
- Educate internal and external stakeholders on Financial Crimes at Mercury
- Become an expert on Mercury’s products and risks
Otta's take
Sam Franklin
CEO of Otta
Frustrated by the archaic, fee-laden banking services offered to entrepreneurs, the founders of Mercury set out to create a better solution. They envisioned a platform that was dynamic, tech-driven, and free from unnecessary fees.
Mercury delivers on this vision by automating business payment processes, offering FDIC-insured accounts, and providing full API access, empowering entrepreneurs with greater control and efficiency. This approach stands in stark contrast to traditional startup banking, which often burdens young businesses with high fees and limited functionality.
By prioritizing user experience and offering a free service tier, Mercury has attracted over 100,000 businesses and achieved a $1B valuation in 2021. As a rising unicorn in the stagnant world of startup banking, mercury is poised for continued growth, constantly adding new features and expanding its team to further disrupt the industry.
Insights
Some candidates hear
back within 2 weeks
50% employee growth in 12 months
Company
Funding (last 2 of 4 rounds)
Jul 2021
$120m
SERIES B
Sep 2019
$20m
SERIES A
Total funding: $150.9m
Company benefits
- Health, dental, & vision
- 12+ weeks of paid parental leave
- $600 USD custom WFH equipment setup
- Unlimited vacation policy (with a mandatory minimum)
- Retirement matching up to 4% of base salary (401k/RRSP)
- Paid 6-week sabbatical after the 5-year mark
- Annual $1K USD learning & development budget
- Unlimited book budget
- Weekly $100 USD food budget
- Monthly $100 USD wellness budget
- Monthly $50 USD cellphone reimbursement
- Pet-friendly offices with free tea & lunch
Company values
- Think actively: Question processes. Give thoughtful feedback. Find the best way to do something instead of going by how it’s always been done
- Be super helpful: Practice intentionality and accountability. Go above and beyond to solve problems, and do it as a team
- Act with humility: Treat everyone with respect. Leave egos at the door
- Appreciate quality: Work with the best equipment. Avoid cutting corners. Take pride in crafting a lasting product
- Maximize efficiency: Minimize unnecessary meetings and bureaucracy. Work together to get the job done right
- Focus on product: Ask yourself how the product can be better today than it was yesterday
Company HQ
SoMa, San Francisco, CA
Articles
Founders
Jason Zhang
(COO)Studied Biology at Stanford before spending over 4 years at Heyzap in Business Development.
Immad Akhund
(CEO)Graduated from the University of Cambridge, then worked as a Software Developer at Aquila and Bloomberg. Also founded Clickpass and Heyzap, and was a Part-time Partner at Y Combinator.
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