Deputy BSA Officer

Summary

Join Mercury's BSA/AML & Sanctions compliance team as the Deputy BSA Officer and play a crucial role in shaping the company's AML and sanctions program. You will own and maintain transaction monitoring and sanctions models, enhance program governance, and potentially serve as the designated BSA Officer for regulated entities. This leadership role involves significant cross-functional collaboration and reporting to the BSA Officer. The position requires developing Mercury's BSA/AML program, working with stakeholders to enhance governance, partnering with various teams to ensure compliance, leveraging data for risk assessments, maintaining BSA/AML requirements, and owning Mercury's BSA/AML and Sanctions Models. Success in this role demands a strategic and entrepreneurial mindset, excellent communication skills, and comfort in a highly-regulated environment. Mercury offers a competitive total rewards package including base salary, equity, and benefits.

Requirements

• Have a minimum of 7+ years experience building and designing BSA/AML governance and policy programs at regulated financial institutions, or fintechs, ideally both
• Familiarity with FINRA / SEC regulations for broker dealers and registered investment advisors
• Have experience owning and executing model changes and model documentation for BSA/AML and Sanctions programs at financial institutions
• Have advanced knowledge of data analytics supporting BSA/AML and Sanctions programs
• Have a strategic and entrepreneurial mindset with an ability to identify emerging compliance trends and risks, ensuring we stay ahead of the curve
• Care deeply about the founders and entrepreneurs that we serve, while also having a strong commitment to BSA/AML compliance
• Be an excellent communicator, with the ability to break down complex requirements into easy-to-understand and practical systems
• Be comfortable operating in a highly-regulated, rapidly evolving, and sometimes ambiguous environment
• Love collaborating with talented professionals across many disciplines within Mercury, from Product, Design, Engineering, Marketing, and more

Responsibilities

• Help to develop Mercury’s BSA/AML program, including supporting policy, control, and training development
• Work closely with the internal stakeholders to enhance governance and oversight of the program
• Partner across Compliance, Risk, Legal, and Product, among other teams, to help guide Mercury’s regulated entities towards a successful compliance program
• Leverage data to advance and execute the annual BSA/AML and Sanctions Risk Assessment
• Maintain an inventory of BSA/AML requirements; execute gap assessments and change management assessments as required, to ensure compliance with expectations from regulators, partner institutions, and Mercury’s policies
• Take ownership of Mercury’s BSA/AML and Sanctions Models and ensure these models meet both internal and external (partner bank and regulatory) expectations
• Drive model changes, including updates to scenarios, thresholds, segmentation, or logic
• Ensure appropriate documentation of assumptions, limitations, and model change rationales
• Own and update model documentation, including model development documentation, and model governance artifacts

Benefits

• Base salary
• Equity (stock options)