[![Image]() Meet Jobicy Copilot — free AI autofill for job applications + remote job alerts ›](#) [All remote jobs](https://jobicy.com/jobs.md)Open role[![Mercury logo](https://jobicy.com/data/server-nyc0409/galaxy/mercury/2023/11/dfb1112a-221.jpeg)](https://jobicy.com/company/mercury.md)Remote opportunity at[Mercury](https://jobicy.com/company/mercury.md) # Counsel, Product & Regulatory – Payments & AML Review the role, location requirements, compensation details, and application process before deciding whether this opportunity fits your next career move. [Apply for this job](#job-application)[View company](https://jobicy.com/company/mercury.md)Share2 Sep 2026Published39Listing views0Application actions2 Oct 2026Apply before Opportunity details ## About this role. AI SummaryMercury is seeking a product and regulatory counsel to advise on payments infrastructure, AML, sanctions, financial-crimes compliance, and product launches. The role partners deeply with Product, Engineering, Compliance, Risk, Operations, and Partnerships to translate regulatory requirements into practical, scalable product guidance. Candidates need at least four years of legal experience, an active U.S. law license, and meaningful exposure to fintech, banking, payment systems, BaaS, or related regulatory work. This is a high-ownership role supporting a growing fintech as it expands payment capabilities and works toward becoming a nationally chartered bank. ## Role DNA A quick view of the complexity, pace, ownership and collaboration implied by the job description. ### Job Complexity 5/5EasyHard ### Pace & Pressure 5/5RelaxedFast-paced ### Autonomy Level 5/5GuidedFull ownership ### Communication Load 5/5IndependentCollaborative AI insightThis role requires sophisticated legal judgment across evolving payments, BSA/AML, sanctions, and banking regulatory issues while products and operational situations move quickly. Success depends on independently resolving ambiguous issues and delivering business-oriented advice to diverse stakeholders. ## Salary analysis Estimated compensation compared with the broader US market for similar roles. Estimated job medianMarket rate$188,750US market range$165k–$220k0$242k AI insightThe disclosed U.S. target base-salary range spans $167,800 to $209,700 yearly depending on location, producing a combined midpoint of $188,750. The separate Canadian base-salary range is CAD 176,100 to CAD 198,200 and is not combined with the USD figures. Estimated U.S. market base salary for a mid-level payments and AML product counsel is approximately $165,000 to $220,000 annually, excluding equity, bonuses, and benefits. ## Core skills Skills and capabilities most closely associated with this opportunity. [Payments Regulation](https://jobicy.com/jobs?search_keywords=Payments%20Regulation.md)[BSA/AML](https://jobicy.com/jobs?search_keywords=BSAAML.md)[Sanctions Compliance](https://jobicy.com/jobs?search_keywords=Sanctions%20Compliance.md)[Fintech Legal](https://jobicy.com/jobs?search_keywords=Fintech%20Legal.md)[Banking Regulation](https://jobicy.com/jobs?search_keywords=Banking%20Regulation.md)[Product Counsel](https://jobicy.com/jobs?search_keywords=Product%20Counsel.md)[Financial Crimes](https://jobicy.com/jobs?search_keywords=Financial%20Crimes.md)[Payment Rails](https://jobicy.com/jobs?search_keywords=Payment%20Rails.md)[Cross-Functional Collaboration](https://jobicy.com/jobs?search_keywords=Cross-Functional%20Collaboration.md)[Legal Operations AI](https://jobicy.com/jobs?search_keywords=Legal%20Operations%20AI.md) Sample interview questionsHow would you advise a product team that wants to launch a new payment capability on an aggressive timeline?I would engage early to understand the customer flow, funds movement, partners, jurisdictions, and operational model. I would identify the core regulatory, AML, sanctions, consumer-protection, and contractual risks; prioritize launch-critical issues; and present practical options with clear tradeoffs. I would then document scalable controls and ownership so the team can move quickly without treating legal review as a one-time gate. Describe how you would approach an ambiguous BSA/AML issue involving a new product feature. I would first map the feature, involved parties, transaction flows, and relevant data available for monitoring and investigations. I would evaluate applicable BSA/AML requirements, regulatory guidance, partner-bank obligations, and Mercury's risk appetite, then work with AML and Compliance teams to determine proportionate controls. Where the answer remains uncertain, I would clearly explain the uncertainty, recommend a defensible approach, and establish a process for reassessment as facts or guidance evolve. How do you make legal advice useful to non-legal stakeholders? I start with the business objective and tailor my communication to the audience. Rather than only listing legal risks, I explain the practical impact, identify available paths forward, and recommend an option with the rationale and remaining risk clearly stated. This helps partners make informed decisions and builds trust in legal as a product-enabling function. Tell us about a time you had to balance regulatory conservatism with product innovation. In a similar situation, I would separate non-negotiable legal requirements from areas where the organization has discretion in implementation. I would work with product and compliance partners to design controls that address the actual risk while preserving a simple customer experience, such as phased rollout limits, monitoring thresholds, or targeted disclosures. The goal is to enable a responsible launch rather than defaulting to a blanket no. How would you use AI tools responsibly in a legal workflow? I would use approved AI tools to accelerate low-risk work such as organizing research questions, comparing documents, developing issue checklists, and producing first-pass summaries. I would protect privileged and sensitive information, validate all outputs against authoritative sources, and retain human legal judgment for conclusions and advice. I would also look for repeatable workflows where AI can improve consistency without weakening review standards. In 1905, chief engineer John Stevens inherited one of the most ambitious infrastructure projects in history: the Panama Canal. The challenge wasn’t digging a ditch between two oceans. It was figuring out how to move ships safely through a system of locks, gates, reservoirs, and changing conditions without bringing global commerce to a halt. The solution wasn’t to stop movement. It was to create a framework that allowed movement at scale. Modern financial infrastructure presents a similar challenge. Payment systems, banking products, compliance obligations, and regulatory frameworks all exist for a reason. The goal isn’t to eliminate complexity. It’s to build systems that allow innovation, growth, and customer value within it. ### Who we are Since 2019, Mercury has been on a mission to reinvent banking‡ for the modern age. We blend elegant design and cutting-edge technology to offer checking and savings accounts, debit cards, payment services, credit products, cash management tools, and sophisticated analytics. Everything we build reflects our belief that financial products should be thoughtfully crafted, fast, transparent, and genuinely enjoyable to use. As we continue expanding and iterating on our product offerings and as we work to build a nationally chartered bank, we’re looking for a Counsel, Product & Regulatory (Payments & AML) to help us navigate increasingly complex questions at the intersection of product, regulation, and financial infrastructure. ### About the team Our Product & Regulatory Legal team operates like the rest of Mercury: with urgency, curiosity, and a bias toward action. We embed with product teams from early ideation through launch, working alongside engineers, designers, compliance partners, operations teams, and risk stakeholders to get products right. We move fast, we take ownership, and we don’t wait to be asked. If something needs figuring out, we’re up to the task. We are not a team that sits on the sidelines reviewing finished proposals. We work alongside our partners to identify risks, unlock opportunities, and find practical paths forward. We care deeply about good judgment, strong relationships, and building frameworks that scale. ### What you’ll do * Advise on payments products and infrastructure. You’ll support a broad portfolio of payments-related initiatives across Mercury. You’ll advise on matters involving payment rails, product launches, operational incidents, partner relationships, and customer-facing experiences. You’ll help product teams navigate regulatory complexity while continuing to build exceptional products. * Partner across the company. This role sits at the intersection of Product, Compliance, Risk, Engineering, Operations, Partnerships, and Legal. You’ll build trusted relationships across these functions and bring legal perspective into conversations early, not as a checkpoint, but as a low-ego, high-ownership thought partner. * Help launch new capabilities. Mercury is continuing to expand its product offerings while building a nationally chartered bank. You’ll support new payment capabilities (like Zelle) from early exploration through launch, helping teams identify risks, evaluate options, and make sound decisions in ambiguous environments. * Support financial crimes initiatives. You’ll work closely with Mercury’s AML Advisory, Sanctions, Compliance, and Risk teams on matters involving financial crimes compliance. You’ll help interpret requirements, evaluate new initiatives, and develop practical guidance that enables teams to move efficiently while maintaining an appropriate risk posture. * Build scalable guidance. The best legal advice solves more than the question in front of you. You’ll help create frameworks and guidance that improve consistency, reduce friction, and allow the organization to make better decisions over time. * Use AI intentionally. Bring a working knowledge of AI tools in legal workflows and a genuine interest in finding new ways to drive efficiency. We’re building a legal team that works smarter, not just harder. * Stay curious and adaptable. The regulatory and product landscape continues to evolve quickly. New payment rails emerge. Regulatory expectations shift. Business priorities change. You’ll embrace that complexity and continue learning alongside it. ### What you should have * 4+ years of legal experience. * Active license to practice law in at least one U.S. jurisdiction. * Experience supporting fintechs, banks, payment companies, sponsor-bank programs, payment networks, BaaS providers, or regulators with substantial payments- or AML-related exposure. * Strong working knowledge of payments-related regulatory frameworks, and an interest in emerging areas like stablecoins. * Familiarity with BSA/AML and sanctions requirements. * Exceptional communication skills. You know your audience and tailor accordingly. * Strong judgment and comfort operating in ambiguous environments. * A proactive sense of ownership. You’re comfortable saying, “I don’t know yet, but I’ll find out.” * Genuine curiosity about financial products, financial infrastructure, and the evolving regulatory landscape. * Strong working knowledge of AI use cases within legal roles and/or financial services generally and genuine interest in using AI to drive efficiency in your work. ### What will make you successful here Mercury is a place where lawyers are expected to have a point of view. Not just about what a regulation requires, but about how a product can meet that requirement in a way that’s thoughtful, scalable, and good for customers. The people who thrive on this team treat ambiguity as an invitation rather than a reason to pause. They read a regulation and think about what it permits, not just what it prohibits. They understand that legal advice is most valuable when it helps the business make a decision, not when it simply identifies a risk. You’ll also spend a meaningful amount of your time on work that may not look like traditional legal practice: helping scope cross-functional projects, pressure-testing product designs, navigating operational questions, and building processes alongside compliance and operational partners. If you’re energized by that kind of work, and if you measure your impact by whether the product, process, or customer experience got better—not just whether the memo was technically correct—you’ll do well here. ### Why this role This is an opportunity to join Mercury during a uniquely consequential period of growth. You’ll help support existing products while contributing to the development of new capabilities as Mercury builds a nationally chartered bank. You’ll work alongside experienced legal, compliance, product, and banking professionals, gain exposure to a wide range of regulatory and product questions, and have meaningful ownership early in your career. You’ll also help shape how Mercury approaches payments and financial crimes legal support for years to come. While we’ve received conditional approval to become a bank, Mercury today is a fintech company, not an FDIC-insured bank. Banking services provided through Choice Financial Group and Column N.A., Members FDIC. Investment advisory products and services offered by Mercury Advisory, LLC (“MA”), an SEC-registered investment adviser. MA is a wholly-owned subsidiary of Mercury Technologies, Inc.. Mercury values diversity & belonging and is proud to be an Equal Employment Opportunity employer. All individuals seeking employment at Mercury 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. We are committed to providing reasonable accommodations throughout the recruitment process for applicants with disabilities or special needs. If you need assistance, or an accommodation, please let your recruiter know once you are contacted about a role. #LI-JD1 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: US employees in New York City, Los Angeles, Seattle, or the San Francisco Bay Area: $186,400—$209,700 USD US employees outside of New York City, Los Angeles, Seattle, or the San Francisco Bay Area: $167,800—$188,700 USD Canadian employees (any location): $176,100—$198,200 CAD Show more [Apply now >](https://jobicy.com/jobs/152370-counsel-product-regulatory-payments-aml.md) * ![Upload CV](data:image/svg+xml;base64,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) ### Upload your resume now To unlock remote work opportunities and be discovered by global employers. 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