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Internal Audit Lead - job 1 of 2

Internal Audit at Mercury consists of two teams Internal Audit & Compliance Assurance. Our mission is to support Mercury and provide independent assurance over Mercury’s risk management, governance and internal control processes. This team helps to identify potential risks that could cause trouble for Mercury and collaborate with the business to get ahead of those risks. Assesses Mercury's internal controls to make sure we have our bases covered and things are designed/operating effectively. Amd is responsible for reporting findings to leadership and process owners and providing recommendations when possible.We’re looking to hire an Internal Audit Manager to help build out the core of our Internal Audit function at Mercury and execute on our audit plan. You’ll help execute audits internally within Mercury as well as supporting audits being conducted externally by partners and third parties. Over time, you will become a subject matter expert on Mercury’s operations and compliance obligations.As part of the journey, we would expect you to:• Scope and plan internal audits across Mercury products and operations• Conduct process walkthroughs and execute audit testing to confirm the design and operational effectiveness of internal controls• Coach and train junior team members and review their audit testing workpapers• Assess compliance with Mercury’s compliance obligations• Socialize, document, and report audit issues identified• Collaborate with teams to develop appropriate action plans, track audit issue remediation, and conduct/review issue follow up testing• Assist in creating the annual audit plan, including maintaining the audit universe and executing annual audit entity risk assessments• Other duties as assignedSome things that might make you successful in a role like this:• Have experience scoping and planning new, complex audits• Have experience leading audit teams and coaching team members• Be comfortable conducting walkthroughs, creating audit test plans, and executing internal controls testing• Have experience working with financial services companies, and have a working knowledge of laws, regulations and risk management standards for financial services• Have experience in auditing BSA/AML/Sanctions compliance, payments (wires / ACH), and/or Card products.• Have the ability to quickly grasp and understand complex business processes• Have excellent written and verbal communication skills• Be able to manage their own schedule to ensure deadlines are met• Be a self-starter, someone who likes to innovate and think about how we can do things differently to be more efficient and effectiveThe 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 New York City, San Francisco, Los Angeles and Seattle: $160,900 - 201,100• US employees outside of New York City, San Francisco, Los Angeles and Seattle: $144,800 - 181,000• Canadian employees (any location): CAD 152,100 - 190,000• Mercury is a financial technology company, not a bank. Banking services provided by Choice Financial Group, Column N.A., and Evolve Bank & Trust, Members FDIC.We use Covey as part of our hiring and / or promotional process for jobs in NYC and certain features may qualify it as an AEDT. As part of the evaluation process we provide Covey with job requirements and candidate submitted applications. We began using Covey Scout for Inbound on January 22, 2024.Please see the independent bias audit report covering our use of Covey here.

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$172950 / YEARLY (est.)

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$144800K

$201100K

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What You Should Know About Internal Audit Lead, Mercury

At Mercury, we’re on the lookout for an enthusiastic Internal Audit Lead to join our innovative team in Portland, OR. In our Internal Audit and Compliance Assurance department, your mission will be to support Mercury by providing independent assurances over our risk management, governance, and internal control processes. Imagine being the key player who helps identify potential risks, collaborates with various business units, and proactively mitigates any issues that could jeopardize our success. You’ll get the exciting chance to assess Mercury's internal controls to ensure everything is designed and operating effectively. Reporting findings to leadership and suggesting actionable recommendations will be a crucial part of your duties. As an Internal Audit Lead, you will not only execute internal audits but also assist with external audits conducted by partners. You will gradually become a subject matter expert on Mercury’s intricate operations and compliance requirements. You’ll scope and plan audits across different Mercury products, conduct thorough process walkthroughs, and embrace coaching junior team members. If you possess a knack for understanding complex business processes and have experience in financial services, particularly in BSA/AML/Sanctions compliance, then this is a perfect opportunity for you to use your skills effectively. Join us in our endeavor to make our audit functions more robust while enjoying competitive compensation and benefits tailored to the fintech industry.

Frequently Asked Questions (FAQs) for Internal Audit Lead Role at Mercury

What are the key responsibilities of the Internal Audit Lead at Mercury?

As the Internal Audit Lead at Mercury, your responsibilities will include planning and scoping internal audits, conducting process walkthroughs, executing audit testing, and assessing compliance with regulations. You will report your findings to leadership and collaborate with various teams to develop action plans to address any identified issues.