Head of Market & Liquidity Risk
Mercury is hiring a Head of Market & Liquidity Risk for a remote role open to applicants in United States. Level rates it ; you can apply on Mercury.
Level's read on this job
- On Level's scale, this role is Little AI ●○○○: aI is not part of the work.
- This is listed as a remote role.
- The posting mentions risk management, liquidity risk and market risk among its tools and skills.
- Level classes it as a lead role.
- Mercury has 75 other open roles on Level.
AI in this role
Lead second-line oversight of market, liquidity, and balance-sheet risks, partnering closely with finance and treasury functions.
We’re 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, this individual will be a close oversight partner to Finance and Treasury functions - providing rigorous, constructive challenge of its strategies, assumptions, models, risk exposures, and contingency plans while maintaining the independence required of an effective risk function.
This role is well-suited for someone who can move fluidly between quantitative analysis, strategic judgment, and executive communication. The individual will be a key leader within Mercury’s Enterprise Risk team and part of a highly collaborative environment. The role involves especially close coordination with Treasury, Finance, Data, Product, Legal, Compliance, executive leadership, and our banking* partners.
*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:
- Have 12+ years of experience in liquidity risk, interest-rate risk, treasury risk, market risk, asset-liability management, or broader financial-risk management
- Bring meaningful experience in an independent second-line role at a regulated bank, financial institution, fintech, or similarly complex financial-services company
- Have deep knowledge of liquidity, funding, stress testing, contingency funding, and interest-rate risk measurement, including net interest income and economic value sensitivity
- Have experience challenging Treasury strategies, models, and assumptions while building a trusted and productive working relationship
- Understand risk appetite, limits, escalation processes, and executive- and Board-level risk reporting
- Translate quantitative analysis into clear risk judgments and practical recommendations for technical and nontechnical audiences
- Exercise strong independent judgment while navigating ambiguity, collaborating across functions, and building frameworks that can scale
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.
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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:$252,000—$315,600 USDUS employees outside of New York City, Los Angeles, Seattle, or the San Francisco Bay Area:$227,300—$284,000 USDHow we rate this
Head of Market & Liquidity Risk at Mercury rates 0 out of 100 for how much of the daily work is AI. That makes it Little AI (AI Level 1 of 4). The level is about AI in the job, not seniority.
Little AI. AI is not part of the work.
- ●●●● Builds AI80 to 100
- ●●●○ Works on AI60 to 79
- ●●○○ Uses AI40 to 59
- ●○○○ Little AI0 to 39
Levels come from how often the tools, models and workflows of the role are named in the posting itself. Read the description and count the AI tools, models and workflows it names.
Prepare for this job
Built from this posting and from similar jobs on Level.
Skills and AI tools this role asks for
Questions you could be asked
- Tell me about a project where risk management was part of your work. What did you do?
- Tell me about a project where liquidity risk was part of your work. What did you do?
- Tell me about a project where market risk was part of your work. What did you do?
- Tell me about a project where treasury was part of your work. What did you do?
- Tell me about a project where stress testing was part of your work. What did you do?
Adapt your resume
- List these exact terms on your resume: Risk Management, Liquidity Risk, Market Risk, Treasury, and Stress Testing. An applicant tracking system matches the wording, not the idea.
- Attach one line of real, concrete experience to at least one of them. A tool named with nothing behind it rarely survives a human read.
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