Head of AML Advisory

About the Role

As a key member of the BSA/AML and Sanctions compliance team, the Head of AML Advisory will drive day-to-day advisory and support for Mercury's BSA/AML program, spanning Know Your Customer (KYC), Transaction Monitoring, emerging risk, and customer supportability. This role will require a deep understanding of the fintech industry, as well as the ability to identify emerging compliance trends and risks.

Mercury is committed to creating a safe and secure banking experience for its customers, and the Head of AML Advisory will be instrumental in achieving this goal. By developing and implementing effective BSA/AML programs, the successful candidate will help protect Mercury, its customers, and the broader financial ecosystem from bad actors and harmful activities.

What You Will Do

• Develop and implement Mercury's BSA/AML program, including supporting policy, control, governance, and training development
• Work closely with the BSA/AML and Sanctions Compliance Officer, existing operational AML/BSA and KYC teams, and Product Compliance managers to align policies with implementation and address escalation
• Partner across Compliance, Risk, Legal, and Product teams to guide Mercury's growth in a highly regulated space
• Serve as a champion and conduit for BSA/AML and KYC priorities across the company, providing advisory to business partners as needed
• Maintain an inventory of BSA/AML requirements, executing gap assessments and change management assessments as required to ensure compliance with expectations from regulators, partner institutions, and Mercury's policies
• Support the execution of AML/BSA and KYC Risk Assessments
• Collaborate with cross-functional teams to develop and implement effective BSA/AML programs
• Stay up-to-date on emerging compliance trends and risks, ensuring Mercury remains ahead of the curve
• Develop and deliver training programs to ensure employees understand BSA/AML policies and procedures
• Conduct regular audits to ensure compliance with BSA/AML regulations

What We Are Looking For

• Minimum of 8+ years of experience building and designing BSA/AML governance and policy programs at fintechs, traditional financial institutions, or both
• Deep knowledge of BSA/AML and other applicable regulatory frameworks, such as FFIEC, SAR, CTF, and FATF
• Strategic and entrepreneurial mindset with the ability to identify emerging compliance trends and risks
• Strong team leadership skills, with the ability to get into the weeds and be scrappy
• Excellent communication skills, with the ability to break down complex requirements into easy-to-understand and practical systems
• Strong commitment to BSA/AML compliance, with a passion for protecting Mercury's customers and the broader financial ecosystem
• Ability to operate in a highly regulated, rapidly evolving, and sometimes ambiguous environment
• Experience with Excel and other relevant tools
• Strong analytical and problem-solving skills
• Ability to work collaboratively with talented professionals across multiple disciplines

Nice to Have

• Experience working in a fintech company or a similar industry
• Knowledge of emerging technologies, such as artificial intelligence and machine learning, and their applications in BSA/AML
• Certification in AML or a related field, such as CAMS or CFE
• Experience with data analytics and visualization tools
• Strong network of contacts in the BSA/AML and fintech communities

Benefits and Perks

• Competitive salary and equity package
• Opportunity to work with a pioneering fintech company
• Collaborative and dynamic work environment
• Professional development and growth opportunities
• Flexible working hours and remote work options
• Access to cutting-edge technologies and tools
• Comprehensive benefits package, including health, dental, and vision insurance
• Generous PTO and holiday package
• Employee discounts and perks
• Opportunity to work with a talented and diverse team
• Recognition and reward programs for outstanding performance
• Continuous learning and development opportunities
• Access to industry events and conferences
• Flexible and adaptable work environment
• Support for remote work and work-life balance
• Opportunities for career advancement and professional growth

• Tip: Develop a strong understanding of BSA/AML frameworks and regulatory requirements to stand out as a candidate.
• To succeed in this role, it's essential to have excellent communication skills and the ability to break down complex requirements into practical systems.
• When applying, be prepared to provide specific examples of your experience in developing and implementing effective BSA/AML programs.
• Consider obtaining certifications, such as CAMS or CFE, to demonstrate your expertise and commitment to BSA/AML compliance.
• Be prepared to discuss your experience working in a highly regulated environment and your ability to navigate ambiguity and complexity.
• Showcase your ability to work collaboratively with cross-functional teams and your experience with data analytics and visualization tools.
• Highlight your passion for protecting customers and the broader financial ecosystem from bad actors and harmful activities.
• Emphasize your ability to stay up-to-date on emerging compliance trends and risks, and your experience with industry events and conferences.