Mercury is seeking a Head of Market & Liquidity Risk to oversee liquidity, interest-rate, and market risks. This role involves close collaboration with Finance and Treasury, requiring strong quantitative and strategic skills.
We’re hiring a Head of Market & Liquidity Risk to lead independent second-line oversight of Mercury’s liquidity, interest-rate, funding, investment, and related balance-sheet risks. Reporting to the Chief Risk Officer, this individual will be a close oversight partner to Finance and Treasury functions - providing rigorous, constructive challenge of its strategies, assumptions, models, risk exposures, and contingency plans while maintaining the independence required of an effective risk function. This role is well-suited for someone who can move fluidly between quantitative analysis, strategic judgment, and executive communication. The individual will be a key leader within Mercury’s Enterprise Risk team and part of a highly collaborative environment. The role involves especially close coordination with Treasury, Finance, Data, Product, Legal, Compliance, executive leadership, and our banking partners. Mercury is a fintech company, not an FDIC-insured bank. Banking services provided through Choice Financial Group and Column N.A., Members FDIC.
Key Responsibilities:
- Lead Mercury’s second-line framework for identifying, measuring, monitoring, and reporting liquidity, interest-rate, funding, investment, and related market risks.
- Serve as the primary independent Risk partner to Treasury and Finance, providing constructive challenge of balance-sheet strategy, liquidity management, funding plans, investment activity, and hedging decisions.
- Help develop and maintain financial-risk policies, risk-appetite measures, limits, key risk indicators, management triggers, and escalation standards.
- Help oversee liquidity-risk monitoring, stress testing, and contingency funding, including independent assessment of deposit behavior, funding concentrations, liquidity buffers, collateral, and contingent funding capacity.
- Evaluate interest-rate risk and challenge key modeling assumptions, including net interest income and economic value sensitivity, deposit betas, decay rates, repricing behavior, duration, and basis risk.
- Help assess the financial-risk implications of new products, rapid growth, market disruption, changes in customer behavior, and developments involving financial partners.
- Partner with Model Risk Management, Enterprise Risk, Credit Risk, and Data teams to oversee models, data quality, risk assessments, issue management, and reporting infrastructure.
- Support bank-partner oversight, audits, independent reviews, and regulatory examinations while monitoring relevant market and regulatory developments.
- Build scalable financial-risk capabilities by improving automation, scenario analysis, early-warning indicators, governance, and executive risk visibility.
Qualifications:
- Have 12+ years of experience in liquidity risk, interest-rate risk, treasury risk, market risk, asset-liability management, or broader financial-risk management.
- Bring meaningful experience in an independent second-line role at a regulated bank, financial institution, fintech, or similarly complex financial-services company.
- Have deep knowledge of liquidity, funding, stress testing, contingency funding, and interest-rate risk measurement, including net interest income and economic value sensitivity.
- Have experience challenging Treasury strategies, models, and assumptions while building a trusted and productive working relationship.
- Understand risk appetite, limits, escalation processes, and executive- and Board-level risk reporting.
- Translate quantitative analysis into clear risk judgments and practical recommendations for technical and nontechnical audiences.
- Exercise strong independent judgment while navigating ambiguity, collaborating across functions, and building frameworks that can scale.
Total Rewards:
- The total rewards package at Mercury includes base salary, equity (stock options/RSUs), 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: