Sanctions Product Advisor

Black Ties Group Inc.; Los Angeles (CA); On-site; USD 151,000 - 189,000; Full time

Job summary

An innovative firm is seeking a Sanctions Product Advisor to shape its compliance program in a rapidly evolving financial landscape. This role is crucial for ensuring that the company not only meets regulatory requirements but also stands out in the industry. You will collaborate with cross-functional teams to enhance Sanctions screening controls and mitigate risks, while also providing advisory support. If you have a passion for compliance and a commitment to helping entrepreneurs thrive, this position offers a unique opportunity to make a significant impact in a dynamic environment.

Qualifications

• 5+ years of experience in Sanctions with advisory function.
• Deep knowledge of sanction regulations like OFAC.

Responsibilities

• Drive policy for an industry-leading Sanctions program.
• Review escalations and recommend appropriate actions.

Skills

Sanctions compliance

Advisory skills

Knowledge of OFAC regulations

Communication skills

Organizational skills

Risk assessment

Education

5+ years in Sanctions

Tools

Bridger

FircoSoft

Job description

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.

Mercury, while not a bank itself, is an important part of the U.S. financial ecosystem. Mercury provides banking services to ambitious entrepreneurs, and in so doing, must play a part in also working to root out bad actors and prevent them from accessing or abusing the U.S. financial system.

The BSA/AML & Sanctions compliance team serves as an advisory and oversight function for Mercury. As a Sanctions Product Advisor, you will play a critical role in shaping and executing Mercury’s Sanctions compliance program by providing Sanctions advisory across Mercury, including working cross-functionally with a variety of Product teams to support Mercury’s Sanctions screening controls and other Sanctions-related initiatives. This role will report to Mercury’s Sanctions Compliance Officer and will require significant cross-functional engagement with Mercury’s product managers, risk strategy and operations functions, engineers, and external financial partners.

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

• Help set and drive policy to support Mercury in building an industry-leading Sanctions program to not only help protect Mercury but also make the program a differentiating factor from other companies and give Mercury a competitive advantage.
• Review escalations from the Sanctions Investigations team for Sanctions, Politically Exposed Persons, and Adverse Media Negative News cases to recommend appropriate actions. Assist in drafting appropriate documentation supporting these actions.
• Partner with Risk and Product, among other teams, to help guide Mercury’s growth in a highly-regulated space, including providing advisory on Sanction controls best practices and tuning exercises.
• Serve as a champion and conduit for Sanctions priorities across the company, proactively identifying areas of potential Sanctions risk and training others to identify when an item needs to be escalated for Sanctions review.
• Support the execution of Sanctions model validations and risk assessments.

There are lots of paths that could lead you to be successful in a role like this; we think the strongest candidates will have some of this experience:

• Have a minimum of 5+ years of experience working in Sanctions, with relevant experience in an advisory function
• Possess deep knowledge of sanction regulations including OFAC and other applicable regulatory frameworks
• Be highly organized to receive advisory requests from multiple sources and be able to prioritize the requests based on impact and regulatory requirements
• Previous experience tuning sanctions screening software, such as Bridger and FircoSoft
• Care deeply about the founders and entrepreneurs that we serve, while also having a strong commitment to Sanctions 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 where novel solutions may be required
• Passion for collaborating with and learning from talented professionals across many disciplines within Mercury, including Product, Legal, Engineering, Marketing, and more

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, Los Angeles, Seattle, or the San Francisco Bay Area: $151,000 -188,700
• US employees outside of New York City, Los Angeles, Seattle, or the San Francisco Bay Area: $135,900 - 169,800
• Canadian employees (any location): 142,700 CAD - 178,300 CAD

Mercury values diversity & belonging and is proud to be an Equal Employment Opportunity employer. All individuals seeking employment at Mercury are considered without regard to race, color, religion, national origin, age, sex, marital status, ancestry, physical or mental disability, veteran status, gender identity, sexual orientation, or any other legally protected characteristic. We are committed to providing reasonable accommodations throughout the recruitment process for applicants with disabilities or special needs. If you need assistance, or an accommodation, please let your recruiter know once you are contacted about a role.