Full-Time
Head of Regulatory Compliance
Posted on 4/4/2024
Provides tailored banking for startups
Compensation Overview
$234,300 - $306,200Annually
Senior
San Francisco, CA, USA + 3 more
- 8+ years of experience working in compliance role, ideally in a financial technology company or in the payments industry
- FINRA Series 24 and/or Series 27 licenses
- Extensive experience with FINRA and SEC regulations from an RIA (Registered Investment Advisor) or BD (Broker-Dealer)
- Familiarity with state level financial services licensing requirements - e.g. Money Transmission, Loan Originations, Loan Brokering, Loan Servicing
- Experience building regulatory functions from the ground up
- Comfort in driving strategy and planning for the function autonomously
- Exposure to executive-level stakeholders, including experience reporting to leadership on the status of compliance programs and regulatory relationships
- Establish a foundational program to manage all of Mercury’s direct regulatory and license obligations, and continually assess our compliance posture in advance of new licensing needs
- Supervise employees working on investment-related product offerings and ensure compliance across regulated entities (e.g. RIA, Broker-Dealer, Loan Brokering, Loan Servicing)
- Manage examinations/audits (internal and external) or other regulatory inquiries related to licensed activity, including serving as primary point of contact with regulatory bodies
- Work across Compliance and key cross functional teams to ensure direct regulatory requirements are sufficiently addressed through compliance programs, product solutions or new operational builds
- Support governance efforts on behalf of Mercury’s Compliance organization including monitoring ongoing compliance and establishing mechanisms for reporting on entity compliance health
- Support the Compliance function in defining and achieving departmental initiatives, maintaining product support playbooks and best practices, developing and documenting scalable solutions, and liaising with external parties
- Contribute to building a strong culture of compliance across Mercury’s teams
Mercury provides tailored banking services for startups, offering free checking and savings accounts, debit and credit cards, wire transfers, venture debt, and community programs. Launched in 2019, Mercury leverages financial technology to deliver intuitive product experiences and vibrant community support to founders.
Company Stage
Series B
Total Funding
$152M
Headquarters
San Francisco, California
Founded
2017
6 month growth
↓ -2%1 year growth
↓ -2%2 year growth
↑ 57%Benefits
Health, dental, & vision
Custom equipment setup
401(K) matching
12+ weeks paid parental leave
Book budget
Wellness benefits
Grocery budget
Paid lunch
Personalized callsign
Unlimited vacation policy (with mandatory minimum)