Head of Market & Liquidity Risk - Mercury

Mercury is 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, you will serve as a close oversight partner to Finance and Treasury functions—providing rigorous, constructive challenge of strategies, assumptions, models, risk exposures, and contingency plans while maintaining the independence required of an effective risk function.

This role is key within Mercury’s Enterprise Risk team and involves close coordination with Treasury, Finance, Data, Product, Legal, Compliance, executive leadership, and banking partners.

Note: 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

• 12+ years of experience in liquidity risk, interest-rate risk, treasury risk, market risk, asset-liability management, or broader financial-risk management.
• Meaningful experience in an independent second-line role at a regulated bank, financial institution, fintech, or similarly complex financial-services company.
• Deep knowledge of liquidity, funding, stress testing, contingency funding, and interest-rate risk measurement (including net interest income and economic value sensitivity).
• Proven experience challenging Treasury strategies, models, and assumptions while building a trusted and productive working relationship.
• Strong understanding of risk appetite, limits, escalation processes, and executive- and Board-level risk reporting.
• Ability to translate quantitative analysis into clear risk judgments and practical recommendations for both technical and non-technical audiences.
• Strong independent judgment while navigating ambiguity, collaborating across functions, and building scalable frameworks.

Total Rewards & Compensation

Target new hire base salary ranges for this role:

• US (NYC, LA, Seattle, SF Bay Area): $252,000 – $315,600 USD
• US (Other regions): $227,300 – $284,000 USD

The total rewards package also includes equity (stock options/RSUs) and comprehensive benefits.