Senior Counsel - Product & Regulatory (Investment Products)

Mercury·Remote(San Francisco, CA, New York, NY, Portland, OR, or Remote within Canada or United States)

Other

WFA Digital Insight

As the demand for skilled legal professionals in fintech continues to surge, with a 25% increase in job openings over the past year, Mercury's Senior Counsel position stands out. This role requires a unique blend of legal expertise, business acumen, and ability to navigate complex regulatory landscapes. With the rise of digital banking and investment products, companies like Mercury are looking for professionals who can advise on investment products, ensure compliance, and drive growth. Candidates should be aware of the evolving regulatory frameworks and the need for continuous learning in this field. Before applying, it's essential to understand the company's mission to reinvent banking for the modern age and its emphasis on elegant design, cutting-edge technology, and customer experience.

Job Description

About the Role

The Senior Counsel position at Mercury is a critical role that entails advising on investment products, ensuring compliance with regulatory requirements, and driving growth. As a key member of the Product & Regulatory Legal team, you will work closely with cross-functional teams, including product, engineering, and compliance, to deliver high-quality customer experiences. The team operates with urgency, curiosity, and a bias toward action, making it an exciting and dynamic environment for professionals who thrive in fast-paced settings.

The role is based in San Francisco, CA, New York, NY, Portland, OR, or remote within Canada or the United States, offering flexibility and work-life balance. As a Senior Counsel, you will have the opportunity to work on a wide range of investment products, including Mercury Treasury and Mercury Invest, and contribute to the company's mission to reinvent banking for the modern age.

Mercury's commitment to innovation and customer experience is reflected in its products and services, which include checking and savings accounts, debit cards, payment services, credit products, cash management tools, and sophisticated analytics. As a Senior Counsel, you will play a vital role in ensuring that these products and services are delivered in a compliant and customer-centric manner.

What You Will Do

Own the investment products portfolio, serving as the primary legal advisor for Mercury Treasury and Mercury Invest
Advise across the full product life cycle, including supporting new feature development, drafting disclosures, and calibrating content for marketing and customer communications
Work closely with the compliance team on regulatory matters affecting investment products, interpreting requirements, and pressure-testing approaches
Build relationships across the company, including product, engineering, and operations teams, and bring a legal perspective to conversations early in the product development process
Contribute to examination readiness with FINRA and the SEC, and support compliance with regulatory requirements
Use AI tools to drive efficiency in legal workflows and contribute to the development of new solutions
Translate complex regulatory concepts into straightforward narratives for product teams and external audiences
Stay curious and agile, embracing new regulations, market shifts, and product pivots as opportunities for growth and learning

What We Are Looking For

6+ years of legal experience, with at least 2 years focused on non-deposit investment products
Familiarity with the Investment Advisers Act, Securities Act, Investment Company Act, Regulation Best Interest, Form CRS/ADV, and FINRA rules
Experience working in a fast-paced, dynamic environment, with a strong ability to prioritize tasks and manage multiple projects simultaneously
Excellent communication and interpersonal skills, with the ability to build strong relationships with cross-functional teams
Strong analytical and problem-solving skills, with the ability to think critically and creatively
Ability to work independently and as part of a team, with a strong sense of ownership and accountability

Nice to Have

Experience with AI tools in legal workflows, and a genuine interest in finding new ways to drive efficiency
Familiarity with agile development methodologies and experience working in an iterative, feedback-driven environment
Strong understanding of the financial technology industry, including trends, regulatory requirements, and market developments

Benefits and Perks

Competitive compensation and equity package
Comprehensive health insurance, including medical, dental, and vision coverage
Generous PTO policy, including vacation days, sick leave, and holidays
Remote work stipend, including reimbursement for home office expenses and technology equipment
Opportunities for professional growth and development, including training, mentorship, and education assistance

How to Stand Out

Develop a strong understanding of the Investment Advisers Act, Securities Act, and other relevant regulations to stand out as a candidate
Showcase your experience working with AI tools in legal workflows, and highlight your ability to drive efficiency and innovation
Prepare to discuss your approach to compliance and regulatory matters, including your experience with FINRA and SEC examinations
Highlight your ability to communicate complex regulatory concepts in a clear and concise manner, both internally and externally
Be prepared to discuss your experience working in a fast-paced, dynamic environment, and your ability to prioritize tasks and manage multiple projects simultaneously
Research Mercury's products and services, and be prepared to discuss how your skills and experience align with the company's mission and values

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