Full-Time

Senior Risk Investigator

Ongoing Due Diligence

Posted on 8/8/2024

Mercury

Mercury

1,001-5,000 employees

Banking services for startups and founders

Fintech
Financial Services

Compensation Overview

$83.8k - $116.4kAnnually

+ Equity + Benefits

Senior, Expert

San Francisco, CA, USA + 2 more

More locations: New York, NY, USA | Portland, OR, USA

Hybrid role with potential remote work options.

Category
Risk Management
Finance & Banking
Requirements
  • 5 - 10 years of experience related to KYC, Risk Investigations, AML, or Sanctions
  • 2+ years of experience building programs or processes
  • Strong understanding of Financial Services (or any other highly regulated) environments
  • Experience in managing customer-facing queues to support excessive caseloads and/or handle customer escalations as required
  • Experience with KYC Verification Software (such as Alloy, MidDesk, Socure, etc)
  • Highly motivated self-starter, comfortable working within a high risk environment under minimal supervision
  • Accountable for accuracy of information gathered while maintaining quality control standards
  • Love problem solving and making teams, products, and processes more efficient
  • Curious about the US banking system, startups, and ecommerce companies.
Responsibilities
  • Partner cross-functionally with Compliance, Legal, Product, Risk Strategy and additional groups to enhance Mercury’s ongoing due diligence program and drive efficiency using data and technology
  • Identify and prioritize opportunities for utilizing process reengineering to achieve the goals of the enterprise; Drives creation of and/or changes to existing processes, procedures, workflows, and related documentation.
  • Contribute to the development of Quality Control (QC) and Quality Assurance (QA) processes for existing and new controls
  • Draft and refine desktop procedures for various KYC/EDD controls
  • Assist in the creation of metric dashboards to monitor control performance and remediation status
  • Assist in KYC Refresh of current Client population as needed to ensure their information remains up to date
  • Conduct Source of Fund and US Nexus reviews of new and existing clients
  • Handle to Respond for Information (RFI) requests from wire partners on organizations and transactions
  • Minimize Mercury’s sanctions exposure and reputational risk through the review and adjudication of sanctions, PEP, and Adverse Media alerts
  • Identify opportunities to reduce unnecessary volumes through false positive rule proposals

Mercury provides banking services specifically designed for startups, regardless of their size or stage of development. Their offerings include free checking and savings accounts, debit and credit cards, and options for domestic and international wire transfers, as well as treasury and venture debt services. The platform is user-friendly, allowing founders to manage their finances with ease. What sets Mercury apart from traditional banks is its focus on the startup community, offering programs that connect founders with valuable resources and advice to help them succeed. The goal of Mercury is to empower startups by providing them with the financial tools and support they need to grow and thrive.

Company Stage

Debt Financing

Total Funding

$146.8M

Headquarters

San Francisco, California

Founded

2017

Growth & Insights
Headcount

6 month growth

0%

1 year growth

0%

2 year growth

2%
Simplify Jobs

Simplify's Take

What believers are saying

  • Mercury secured a $100 million credit warehouse to expand its credit card business.
  • The acquisition of Teal enhances Mercury's financial management offerings for startups.
  • Mercury Personal expands market reach by attracting tech-savvy individuals.

What critics are saying

  • Mercury's decision to stop serving certain countries may lead to customer loss.
  • Integration challenges from the Teal acquisition could disrupt services.
  • Expansion into consumer banking might divert focus from core startup services.

What makes Mercury unique

  • Mercury offers both business and personal banking services, unlike many fintech competitors.
  • The company provides integrated financial management tools, enhancing startup operational efficiency.
  • Mercury's Raise program connects startups with investors, mentors, and other founders.

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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)

INACTIVE