Role in brief
Mercury is seeking a Counsel for Product & Regulatory matters, focusing on payments and AML, to help navigate the regulatory landscape for their financial products. This role is suited for a lawyer with at least four years of experience in fintech, banking, or payments, who is comfortable advising on complex regulatory frameworks and contributing to new product development.
About the role
This role involves providing legal guidance on payment products and infrastructure, supporting the launch of new capabilities, and contributing to financial crimes initiatives. The Counsel will work cross-functionally, developing scalable guidance and intentionally utilizing AI in their work. A key aspect of the role is to remain adaptable and curious about the evolving financial and regulatory landscape.
Success in this position means contributing to Mercury's growth by supporting existing products and shaping new developments. The Counsel will collaborate with legal, compliance, product, and banking professionals, gaining exposure to a broad spectrum of regulatory and product-related questions. This role offers the chance to influence how Mercury handles payments and financial crimes legal support for the future.
Mercury, founded in 2019, aims to redefine banking through design and technology. They offer a range of services including checking and savings accounts, debit cards, payment solutions, credit products, cash management tools, and analytics. The Counsel will be instrumental in ensuring these innovative financial products comply with relevant regulations, particularly in payments and anti-money laundering.
The salary for this position ranges from $167,800 to $209,700 annually.
Skills that matter here
- legal: This role requires an active license to practice law in at least one U.S. jurisdiction and involves providing legal advice across the company.
- payments: The Counsel will advise on payment products and infrastructure, requiring strong knowledge of related regulatory frameworks.
- AML: The position supports financial crimes initiatives and requires familiarity with BSA/AML and sanctions requirements.
- regulatory compliance: A core responsibility is to navigate complex regulatory landscapes and build scalable guidance for compliance.
- financial products: The role involves supporting and contributing to the development of innovative financial products offered by Mercury.
Who this role suits
- A lawyer with at least four years of experience in fintech, banking, or payment companies.
- Someone with an active U.S. law license and a strong understanding of payments and AML regulations.
- An individual who excels in ambiguous environments, possesses strong judgment, and takes proactive ownership.
- A professional with genuine curiosity about financial infrastructure, emerging regulatory areas like stablecoins, and AI applications in legal roles.
From the employer
What you’ll do
- Advise on payments products and infrastructure.
- Partner across the company.
- Help launch new capabilities.
- Support financial crimes initiatives.
- Build scalable guidance.
- Use AI intentionally.
- Stay curious and adaptable.
What you should have
- 4+ years of legal experience.
- Active license to practice law in at least one U.S. jurisdiction.
- Experience supporting fintechs, banks, payment companies, sponsor-bank programs, payment networks, BaaS providers, or regulators with substantial payments- or AML-related exposure.
- Strong working knowledge of payments-related regulatory frameworks, and an interest in emerging areas like stablecoins.
- Familiarity with BSA/AML and sanctions requirements.
- Exceptional communication skills.
- Strong judgment and comfort operating in ambiguous environments.
- A proactive sense of ownership.
- Genuine curiosity about financial products, financial infrastructure, and the evolving regulatory landscape.
- Strong working knowledge of AI use cases within legal roles and/or financial services generally.
What will make you successful here
- Opportunity to join Mercury during a uniquely consequential period of growth.
- Support existing products while contributing to the development of new capabilities.
- Work alongside experienced legal, compliance, product, and banking professionals.
- Gain exposure to a wide range of regulatory and product questions.
- Help shape how Mercury approaches payments and financial crimes legal support for years to come.
- Competitive salary and equity ranges.
Questions about this role
What is the remote work policy for this role?
This is a remote position, and the location is not specified as restricted to any particular region.
What level of experience is required for this position?
Candidates should have at least four years of legal experience and an active license to practice law in a U.S. jurisdiction.
What are the key responsibilities of this Counsel role?
The key responsibilities include advising on payments products, partnering across the company, supporting financial crimes initiatives, and building scalable legal guidance.
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