Head of Market – Liquidity Risk

This is a fully remote position, open to applicants in California, +2 more states.

📋 Description

• Lead the second-line framework at Mercury for identifying, measuring, monitoring, and reporting on liquidity, interest-rate, funding, investment, and related market risks.

• Act as the primary independent Risk partner for Treasury and Finance, offering constructive challenges regarding balance-sheet strategy, liquidity management, funding plans, investment activities, and hedging decisions.

• Assist in the development and maintenance of 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 an independent assessment of deposit behavior, funding concentrations, liquidity buffers, collateral, and contingent funding capacity.

• Evaluate interest-rate risk and scrutinize key modeling assumptions, such as net interest income and economic value sensitivity, deposit betas, decay rates, repricing behavior, duration, and basis risk.

• Assess the financial-risk implications of new products, rapid growth, market disruptions, changes in customer behavior, and developments involving financial partners.

• Collaborate with Model Risk Management, Enterprise Risk, Credit Risk, and Data teams to oversee models, data quality, risk assessments, issue management, and reporting infrastructure.

• Support oversight of bank partners, audits, independent reviews, and regulatory examinations while keeping track of relevant market and regulatory developments.

• Enhance scalable financial-risk capabilities by improving automation, scenario analysis, early-warning indicators, governance, and executive risk visibility.

• Report directly to the Chief Risk Officer and coordinate efforts with Treasury, Finance, Data, Product, Legal, Compliance, executive leadership, and banking partners.

⛳️ Requirements

• Over 12 years of experience in liquidity risk, interest-rate risk, treasury risk, market risk, asset-liability management, or broader financial-risk management.

• Significant experience in an independent second-line role at a regulated bank, financial institution, fintech, or similarly complex financial-services company.

• Profound knowledge of liquidity, funding, stress testing, contingency funding, and interest-rate risk measurement, including net interest income and economic value sensitivity.

• Experience in challenging Treasury strategies, models, and assumptions while establishing a trusted and productive working relationship.

• Understanding of risk appetite, limits, escalation processes, and executive- and Board-level risk reporting.

• Capability to translate quantitative analysis into clear risk judgments and practical recommendations for both technical and non-technical audiences.

• Strong independent judgment while navigating ambiguity, collaborating across functions, and constructing scalable frameworks.

🏝️ Benefits

• Base salary

• Equity (stock options/RSUs)

• Benefits

• Reasonable accommodations throughout the recruitment process for applicants with disabilities or special needs