Description
With Mercury's continued progress toward becoming a chartered bank, establishing a strong and forward-looking prudential compliance program is crucial. As a Senior Compliance Risk Manager - Prudential, you will report to our Director, Bank Regulatory Compliance and lead the implementation and operation of a scalable, regulator-ready prudential regulatory compliance program to support bank charter readiness.
You will define how Mercury ensures it operates in a safe and sound manner, within the boundaries of prudential regulatory requirements, translating regulatory requirements into a program that is credible, measurable, and integrated into how we operate.
Key responsibilities:
- Implement and operate Mercury's first prudential regulatory compliance program for banking, focusing initially on Regulations W and O
- Interface directly with and advise Mercury's senior management on permissibility and advisability of proposed transactions
- Engage and partner deeply with stakeholders across the organization, including Legal, Finance, People/HR, Credit, etc.
- Play a pivotal role in shaping how some of Mercury's most business-critical transactions come together in a safe and sound manner
- Educate and grow Mercury's compliance culture, awareness of prudential regulatory obligations, and best-in-class practices via training and guidance to bank staff regarding prudential regulatory requirements
- Maintain records and documentation on all prudential regulatory compliance activities and programs
Requirements:
- 5-7+ years of experience in building and/or operating prudential compliance programs, including Regulations W and O
- Strong understanding of prudential regulations and regulatory expectations
- Experience representing program outputs and decisions to senior executives, internal auditors, prudential regulators, and other third parties/stakeholders
- Collaborative, problem-solving mindset with strong stakeholder management skills and the ability to influence without direct authority
- Excitement about using technology, including artificial intelligence, to enhance capabilities and advance the profession
Compensation: The total rewards package at Mercury includes base salary, equity (stock options/RSUs), and benefits. Target new hire base salary ranges for this role are:
- US employees in New York City, Los Angeles, Seattle, or the San Francisco Bay Area: $163,000 - $203,800
- US employees outside of New York City, Los Angeles, Seattle, or the San Francisco Bay Area: $146,700 - $183,400
- Canadian employees (any location): CAD 154,100 - 192,600