Overview
This role involves serving as the primary legal advisor for investment products, specifically Mercury Treasury and Mercury Invest, which provide business and consumer customers access to non-deposit investment products. The position requires advising across the full product life cycle, including new feature development, drafting disclosures, marketing and customer communications, and operational matters with regulatory impacts.
Responsibilities
- Own the investment products portfolio and provide legal guidance throughout the product life cycle.
- Collaborate across product, compliance, risk, engineering, and operations teams to integrate legal perspectives early in the process.
- Work closely with compliance on regulatory matters, interpreting requirements, pressure-testing approaches, and supporting examination readiness with FINRA and the SEC.
- Contribute to other legal areas beyond investment products to broaden expertise.
- Utilize AI tools intentionally to improve legal workflow efficiency.
- Translate complex regulatory concepts into clear, engaging narratives for internal teams and external audiences.
- Stay adaptable and continuously learn as regulations and product scopes evolve.
Requirements
- Minimum of 6 years of legal experience, with at least 2 years focused on non-deposit investment products.
- Familiarity with the Investment Advisers Act, Securities Act, Investment Company Act, Regulation Best Interest, Form CRS/ADV, FINRA rules, and related regulatory frameworks.
- Preferred but not required: in-house legal experience and exposure to regulatory agencies relevant to investment products.
- Exceptional communication skills, able to tailor messaging precisely for different audiences.
- Proactive ownership mindset with a willingness to research and resolve unknowns.
- Strong working knowledge of AI applications in legal roles or financial services and a genuine interest in leveraging AI for efficiency.
- Additional experience in financial services, payments, or fintech outside of investments/brokerage is a plus.
Preferred Qualifications
- Ability to develop legal perspectives that balance regulatory compliance with scalable, customer-friendly product design.
- Comfort working in ambiguous situations and interpreting regulations to understand permitted actions.
- Experience with cross-functional project scoping, product design evaluation, and building operational processes alongside compliance and operations teams.
Compensation & Benefits
- Competitive base salary, equity (stock options/RSUs), and benefits.
- Target base salary ranges:
- US employees in New York City, Los Angeles, Seattle, or the San Francisco Bay Area: $219,000 - $273,800
- US employees outside these metro areas: $197,100 - $246,400
- Canadian employees (any location): $207,000 - $258,700 CAD
- Offers are based on experience, expertise, location, and internal pay equity.
Location
- Positions available for US employees in New York City, Los Angeles, Seattle, San Francisco Bay Area, and other locations.
- Canadian employees are also eligible.
Equal Opportunity
The organization is an Equal Employment Opportunity employer committed to diversity and inclusion. All applicants 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. Reasonable accommodations are provided throughout the recruitment process upon request.