Vice President of Compliance, Mercury
$300-340k
+Equity
Banking services for startups
Job no longer available
Banking services for startups
501-1000 employees
Job no longer available
$300-340k
+Equity
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 a strategic and entrepreneurial mindset with an ability to identify emerging compliance trends and risks, ensuring we stay ahead of the curve
- Demonstrate experience leading and developing high quality teams
- Care deeply about the founders and entrepreneurs that we serve as customers, and have a strong commitment to product quality and beautiful design
- Be an excellent communicator, with the ability to break down complex requirements into easy-to-understand and practical systems
- Demonstrate solution-oriented business and compliance judgment
- Be comfortable operating in a highly-regulated, rapidly evolving, and sometimes ambiguous environment
- Have a minimum of 15 years experience building and leading a compliance function at a scaling (or scaled) fintech, or at a significant financial institution
- Possess deep knowledge of BSA, AML, sanctions, and other applicable regulatory frameworks, and experience interfacing with regulators like the Fed, FDIC, and OCC
- Love collaborating with talented professionals across many disciplines - product, design, engineering, marketing, and more
- Enjoy writing off-beat job descriptions
What the job involves
- Lead the compliance function at Mercury, including compliance governance, compliance advisory, and regulatory compliance
- Partner with 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 Compliance on our executive team and with our Board
- Help set and drive vision for how compliance can not only help protect Mercury, but serve as a differentiator and competitive advantage
- Represent compliance with internal and external stakeholders (partners, regulators, etc.)
- Take a strategic, long-term view of compliance, but still be willing to get into the weeds on specific compliance issues
- Take us to high places, safely
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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