Counsel, Product & Regulatory

About the role

Join Mercury to help shape the future of financial services. This role focuses on the complex intersection of product development, regulatory compliance, and payments infrastructure. You will be instrumental in guiding innovative solutions within a dynamic legal and financial landscape.

Key facts

Location: San Francisco, CA, New York, NY, Portland, OR, or Remote within Canada or United States

Engagement: Full-time

Salary Range (US Employees in NYC, LA, Seattle, or SF Bay Area): $186,400 - $209,700

Salary Range (US Employees outside of NYC, LA, Seattle, or SF Bay Area): $167,800 - $188,700

Salary Range (Canadian Employees): $176,100 - $198,200 CAD

What you'll do

• Provide guidance on a variety of payments products and underlying infrastructure, including new product launches, operational challenges, and partner agreements.
• Collaborate closely with product, engineering, compliance, risk, and operations teams to integrate legal considerations into product design and strategy from the outset.
• Support the development and rollout of new payment capabilities, assisting teams in assessing risks and making informed decisions in uncertain situations.
• Work with financial crimes compliance teams on Anti-Money Laundering (AML) and sanctions matters, interpreting regulations and developing practical approaches.
• Develop scalable frameworks and guidance to enhance consistency and efficiency in legal decision-making across the organization.
• Explore and apply artificial intelligence tools to improve the effectiveness and efficiency of legal workflows.
• Adapt to evolving regulatory requirements and product advancements in the financial technology sector.

Requirements

• A minimum of 4 years of legal experience.
• Admission to practice law in at least one U.S. state.
• Prior experience advising fintech companies, banks, payment processors, or related entities on payments or AML regulations.
• A solid understanding of payments regulations and an interest in emerging areas like stablecoins.
• Familiarity with Bank Secrecy Act (BSA) and AML regulations, as well as sanctions compliance.
• Excellent communication abilities, with a skill for tailoring messages to different audiences.
• Strong judgment and the ability to navigate situations with incomplete information.
• A proactive approach to problem-solving and a commitment to taking ownership.
• A genuine interest in financial products, infrastructure, and the regulatory environment.
• Demonstrated knowledge of AI applications in legal or financial services and a desire to use AI for efficiency.

Nice to have

• Experience with Zelle or similar payment networks.

Skills & tools

• Legal research and analysis
• Regulatory interpretation
• Cross-functional collaboration
• Risk assessment
• AI tools for legal workflows

Practical notes

• Mercury is a fintech company, not an FDIC-insured bank. Banking services are provided by partner banks.
• Mercury is an equal opportunity employer committed to diversity and inclusion. Reasonable accommodations are available for applicants with disabilities.