Head of Market & Liquidity Risk

Mercury
San Francisco, New York
Workplace: RemoteFull timeFunction: Legal, Risk & ComplianceExperience: 12+ yearsSkills: ["Independent judgment","Executive communication","Strategic judgment","Collaboration","Constructive challenge"]

Lead independent second-line oversight of Mercury’s liquidity, interest-rate, funding, investment, and related balance-sheet market risks. Report to the Chief Risk Officer while partnering closely with Finance and Treasury to challenge strategies, assumptions, models, exposures, and contingency plans. Own risk policies, risk appetite/limits, key risk indicators, stress testing and liquidity contingency funding, and executive/Board-level risk reporting, while coordinating with models, data, and compliance teams.

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Mercury
Mercury
1 day ago

Head of Market & Liquidity Risk

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Job Summary

Lead independent second-line oversight of Mercury’s liquidity, interest-rate, funding, investment, and related balance-sheet market risks. Report to the Chief Risk Officer while partnering closely with Finance and Treasury to challenge strategies, assumptions, models, exposures, and contingency plans. Own risk policies, risk appetite/limits, key risk indicators, stress testing and liquidity contingency funding, and executive/Board-level risk reporting, while coordinating with models, data, and compliance teams.
Location: San Francisco, New York
Workplace: Remote
Employment Type: Full time
Job Function: Legal, Risk & Compliance
Seniority: Sr. Director level

Key Responsibilities

  • •Lead the 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.
  • •Develop and maintain financial-risk policies, risk appetite measures, limits, key risk indicators, management triggers, and escalation standards.
  • •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 modeling assumptions, including net interest income and economic value sensitivity, deposit betas/decay rates, repricing behavior, duration, and basis risk.

Pay and Benefits

Equity and Bonus:Equity

Key Requirements

  • •12+ years of experience in liquidity risk, interest-rate risk, treasury/market risk, asset-liability management, or broader financial-risk management.
  • •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).
  • •Experience challenging Treasury strategies, models, and assumptions while building trusted working relationships.
  • •Ability to translate quantitative analysis into clear risk judgments and recommendations for technical and nontechnical audiences.
Experience:12+ yearsFintechFinancial servicesRisk managementLiquidity risk
Skills:Independent judgmentExecutive communicationStrategic judgmentCollaborationConstructive challenge
Languages:English

Company Brief

Mercury
Provides banking and financial infrastructure for startups and small businesses, offering business checking accounts, payments, debit cards, venture debt integrations, and treasury services via a developer-friendly platform.
Industry: Fintech Infrastructure
Company Size: Large (251 to 1,000 employees)
Growth: Scaleup
Valuation: Unicorn (USD 1B+)
Funding: Series C
Headquarters: San Francisco, United States
Founded: 2017
WebsiteLinkedIn