Senior Risk Manager - AML Investigations

Mercury is building a complete finance stack for startups. We work hard to create the easiest and safest banking* experience possible to simplify entrepreneurs' and business owners’ financial lives. The challenge is to do so while ensuring we protect Mercury, customers and the broader financial ecosystem from bad actors and harmful, illegal or unauthorized activities. 

At Mercury, we’re taking Financial Crimes extremely seriously. The AML team conducts investigations, develops procedures, and builds controls with cross-functional partners to prevent, detect, and report money laundering and other out-of-policy activities. As the Senior AML Investigations Manager, you will drive and own the AML domain at Mercury. You will work closely with the Compliance, Legal, Risk Strategy, and Risk Product teams to ensure that the team has the tools, support, clarity, and resources to do an excellent job.

*Mercury is a financial technology company, not a bank. Banking services provided by Choice Financial Group, Column N.A., and Evolve Bank & Trust, Members FDIC.

As part of the journey, we would expect you to: 

• Lead a team of talented AML investigators responsible for creating operational procedures and conducting account and transaction investigations for money laundering.
• Mentor, coach, and support senior and junior individual contributors.
• Partner cross-functionally with Compliance, Legal, Product, Risk Strategy, and additional groups to enhance Mercury’s AML program and drive efficiency using data and technology.
• Increase resilience and scalability of AML operations using process automation and outsourcing when appropriate, and work with Product teams to build capabilities and tools.
• Suggest new monitoring and controls to address new risks created by new products or changes to existing offerings.
• Create and own procedures governing Mercury’s AML investigations process.
• Assist and support the design and creation of AML control optimization.
• Educate internal and external stakeholders on AML investigations at Mercury.

Some things that might make you successful in a role like this: 

• Have 6+ years of work experience in the AML domain. 8+ years of work experience overall. 
• Have 4+ years of people management experience, preferably of AML investigators.
• Be a strong analytical thinker - you are metrics-driven and results-oriented. 
• Be an AML domain expert - you’re deeply familiar with BSA/AML regulations, policies, 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. 
• Be comfortable with decision-making in a fast-paced, ambiguous environment. 

The total rewards package at Mercury includes base salary, equity (stock options), and benefits.

Our salary and equity ranges are highly competitive within the SaaS and fintech industry and are updated regularly using the most reliable compensation survey data for our industry. New hire offers are made based on a candidate’s experience, expertise, geographic location, and internal pay equity relative to peers.

Our target new hire base salary ranges for this role are the following:

• US employees in New York City, San Francisco, Los Angeles and Seattle: $162,400 - 191,000
• US employees outside of New York City, San Francisco, Los Angeles and Seattle: $146,200 - 171,900
• Canadian employees (any location): CAD 147,800 - 173,800

We use Covey as part of our hiring and / or promotional process for jobs in NYC and certain features may qualify it as an AEDT. As part of the evaluation process we provide Covey with job requirements and candidate submitted applications. We began using Covey Scout for Inbound on January 22, 2024. Please see the independent bias audit report covering our use of Covey here.

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