About the job
About Mercury:
Mercury is an innovative financial technology company dedicated to developing cutting-edge banking solutions for ambitious businesses. Since our inception as a startup banking platform, we've evolved significantly, now managing tens of billions in deposits. We are excited to announce our next venture: pursuing a de novo bank charter to operate as a fully licensed bank.
This is a pivotal moment in our journey. As we transition from fintech to a fully operational bank, we are focused on constructing institutional-grade accounting systems from the ground up. This foundational work begins with this role.
Note: Mercury operates as a fintech company and is not an FDIC-insured bank. Banking services are provided through Choice Financial Group and Column N. A., both members of FDIC.
The Role:
As the Bank Controller, reporting directly to the Corporate Controller, you will take charge of the accounting function for Mercury's banking operations. This is a key leadership position where you will establish the policies, processes, systems, and team necessary for Mercury to function as a fully regulated and insured depository institution.
You will be at the crossroads of technical accounting, regulatory compliance, and operational development. This is not a role for those looking to maintain existing functions; it is for those who aspire to architect and innovate while collaborating closely with our Engineering and Product teams.
What You'll Do:
Bank Accounting Infrastructure
- Craft and implement the Chart of Accounts, general ledger structure, and subledger architecture for the bank entity, ensuring alignment with call report and regulatory reporting requirements.
- Establish bank-specific accounting policies related to investment securities (ASC 320/326), loan accounting, interest income accruals, ALLL/ACL methodology, and fee recognition.
- Develop the bank's financial closing processes and reconciliation frameworks.
Regulatory and Call Report Compliance
- Lead the preparation of FFIEC Call Reports (FFIEC 031/041), FR Y-9C, and other regulatory financial submissions on a quarterly basis.
- Act as the primary accounting subject matter expert during regulatory examinations (OCC, FDIC, Federal Reserve), addressing examiner queries and managing remediation items.
- Implement and maintain the bank's accounting policy manual in conformity with GAAP, regulatory guidelines, and safety standards.
- Collaborate with Treasury on ALM reporting, liquidity coverage ratios, and interest rate risk disclosures.
Financial Reporting and Controls
- Design comprehensive financial reporting frameworks and monitor internal controls to ensure accuracy and compliance.
- Oversee the preparation and analysis of the bank's financial statements, ensuring transparency and adherence to regulatory standards.

