Senior Product & Regulatory Counsel - Investment Products
Provides legal and regulatory counsel for Mercury’s investment products across product development, disclosures, operations, marketing, and examination readiness. Requires 6+ years of legal experience, including 2+ years advising on non-deposit investment products, plus familiarity with major securities and FINRA regulations.
About the job
Responsibilities
- Own the legal portfolio for Mercury Treasury and Mercury Invest, advising across the full product life cycle.
- Support new feature development, draft disclosures, advise on marketing and customer communications, and address operational matters with regulatory implications.
- Partner with product, compliance, risk, engineering, and operations teams, bringing legal perspective into discussions early.
- Interpret regulatory requirements, pressure-test approaches, and support examination readiness with FINRA and the SEC.
- Contribute to other Legal product areas as opportunities arise.
- Use AI tools and workflows to improve efficiency in legal and financial-services work.
- Translate complex regulatory concepts into clear communications for internal stakeholders and external audiences.
- Adapt to evolving regulations, market conditions, and product changes.
Requirements
- 6+ years of legal experience, including at least 2 years focused on non-deposit investment products.
- Familiarity with the Investment Advisers Act, Securities Act, Investment Company Act, Regulation Best Interest, Form CRS/ADV, FINRA rules, and related regulatory frameworks.
- Exceptional written and verbal communication skills.
- Proactive ownership and sound judgment in ambiguous situations.
- Strong working knowledge of AI use cases in legal roles and/or financial services.
- Additional experience in financial services, payments, or fintech outside the investments or brokerage space.
Nice-to-haves
- In-house legal experience.
- Exposure to relevant regulatory agencies as agency staff or through an industry role.
Compensation and benefits
- Total rewards include base salary, equity (stock options/RSUs), and benefits.
- US employees in New York City, Los Angeles, Seattle, or the San Francisco Bay Area: $219,000–$273,800 base salary.
- US employees outside those locations: $197,100–$246,400 base salary.
- Canadian employees: $207,000–$258,700 CAD base salary.
Skills
Investment Advisers Act, Securities Act, Investment Company Act, Regulation Best Interest, Finra Rules, Form Crs, Form Adv, AI
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