On June 17, 1972, five men were arrested for breaking into the Democratic National Committee Headquarters in the Watergate office building in Foggy Bottom. Though Woodward and Bernstein have since chronicled in great detail the break-in, the cover-up, and the aftermath, a little known, and less chronicled, piece of the Watergate saga is the role played by the Bank Secrecy Act, the country’s first major piece of financial crime and anti-money-laundering legislation. One of the Watergate burglars, a former CIA agent, had obtained a stack of new, sequentially marked $100 bills from a bank in Miami to help finance the burglary. Investigators followed the money trail from Miami, to checks drawn on a Mexican bank, to a well-connected Minnesota businessman, to President Nixon himself. A President who had just two years earlier signed into law the Bank Secrecy Act.
Since those early dramatic years for the BSA, Congress has continued to build on this country’s BSA/AML and sanctions frameworks with help from FinCEN, OFAC, and other regulators. These laws and regulations create an important bulwark, protecting the U.S. banking and financial system from being abused by burglars, crooks, terrorists, and other bad actors.
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.
To that end, and to support our existing financial crimes program, we are hiring a BSA/AML and Sanctions Officer. This will be a senior position on our Compliance team, with exposure to our Board, senior management, and key partners and regulators.
In this role, you will:
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: $224,700 - $264,300
US employees outside of the New York City or San Francisco Bay Area: $202,200 - $237,900
Canadian employees (any location): CAD 204,500 - 240,500