Everything you do with money. All in one place. Apply in 10 minutes for business banking that transforms how you operate. Backed by Sequoia, a16z and 500 Global.
About the role
If this role interests you, we invite you to explore our public demo at demo.mercury.com/accounts/treasury . *Mercury is a fintech company, not an FDIC-insured bank. Banking services provided through Choice Financial Group and Column N.A., Members FDIC.
What they're looking for
- Has 3+ years of experience managing highly technical teams
- Has direct experience building or operating RIA and broker-dealer custody systems at scale, including ledgers, security master service, cash and securities reconciliation, and money movement
- Understands the broker-dealer operating model and how responsibilities and data flow across introducing brokers, clearing firms, and custodians
- Has worked closely with compliance and operations teams, translating requirements into practical engineering decisions and effective controls
- Understands the lifecycle of securities and the implications of settlement and corporate actions for customer cash and positions across equities, fixed income, ETFs, and mutual funds
More about this role
In 1968, the New York Stock Exchange began closing on Wednesdays so brokerage firms could catch up on paperwork. Every transaction depended on physical stock certificates being delivered, recorded, and reconciled. Trading had outgrown the infrastructure behind it. The expression “Paperwork crisis” had entered the nation's agenda resulting in other temporary measures like shortened trading days and extending settlement. The industry responded with electronic clearing systems and the establishment of the Depository Trust & Clearing Corporation (DTCC) laying the foundation for markets that could operate at an entirely different scale.
Every share needs an identity, every movement needs a record, and every balance needs to agree with the institutions holding the assets. The best financial infrastructure makes this complexity feel ordinary. Building it takes extraordinary care.
At Mercury, our Investments team helps founders put their capital to work through products like Treasury and Invest. Our Custody team builds the systems underneath that experience: the ledger, security master service, reconciliation, and operational tools that keep customer assets accurately accounted for and...
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