Sanctions Specialist

San Francisco, CA, New York, NY, Portland, OR, or Remote within Canada or United StatesMercury 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 sanctions violations and potential reputational risks.Our Sanctions Program is crucial in this mission and is responsible for monitoring, investigating, and mitigating sanctions risks. This team is growing, and we're looking to hire a Sanctions Specialist to support our efforts in watchlist screening, transaction monitoring, and managing alerts for politically exposed persons (PEPs) and adverse media. As a member of the Sanctions team, you’ll help handle our sanctions-related queues while balancing an eagle eye for risk with excellent user experience.You’ll start conducting thorough screening investigations and escalating issues to the appropriate teams when necessary. You will be responsible for reviewing onboarding and ongoing monitoring alerts, with minimal impact on applicants and customers, while safeguarding Mercury from potential sanctions violations and reputational risk. You’ll report directly to the Sr. Sanctions Manager and will be supported by a highly functional Risk team.As part of the journey, we would expect you to:Minimize Mercury’s sanctions exposure and reputational risk through the review and adjudication of sanctions, PEP, and Adverse Media alertsEscalate potentially suspicious and/or fraudulent activity to the AML Investigations or Fraud Teams for further reviewRespond to sanctions support requests in the mailbox and Slack channelsDocument rationale for alert decisions with supporting documentationIdentify opportunities to reduce unnecessary volumes through false positive rule proposalsRemain up to date on sanctions regulations and proceduresMaintain a positive customer experience while mitigating any potential risk to MercurySome things that might make you successful in a role like this:Have experience or academic knowledge of the Office of Foreign Assets Control (“OFAC”), foreign sanctions such as EU/UN, PEP, Adverse Media, and other AML Watch List typesHave some product sense and knowledge of banking products such as ACH, International Wires, SWIFT, checks, and debit cardsBe a highly motivated self-starter, comfortable working within a high-risk environment under minimal supervisionBe accountable for the accuracy of information gathered while maintaining quality control standardsWrite with clarity and purposeManage relationships with external parties with confidence and kindnessLove problem solving and making teams, products, and processes more efficientExperience with LexisNexis Bridger and Firco Continuity preferredThe 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 the New York City or San Francisco Bay Area: $90,900 - $106,900 USDUS employees outside of the New York City or San Francisco Bay Area: $81,800 - $96,200 USDCanadian employees (any location): CAD 82,700 - 97,300.Apply for this job#J-18808-Ljbffr