Rain is hiring a Payments Counsel – Regulatory & Product

Rain is looking for a Payments Counsel to join our Legal team. You will provide critical guidance on a wide range of domestic and international payments regulations to ensure our products and partnerships are compliant. This highly cross-functional role partners closely with Compliance, Risk, Product, and Business Development teams to navigate the complex fintech landscape.

What You'll Do

• Advise on U.S. and international payments regulations, including money transmission, stored value, card networks, e-money, and virtual asset frameworks.
• Partner with Compliance and Licensing teams on money transmission license applications, international licenses, and ongoing obligations.
• Draft cardholder agreements across multiple jurisdictions.
• Draft, review, and negotiate commercial agreements with banks, payment processors, card networks, and vendors.
• Provide practical guidance on consumer protection requirements.
• Manage relationships with outside counsel on specialized regulatory or jurisdictional issues.
• Assist with responses to regulators and participate in audits, exams, and inquiries.
• Stay ahead of regulatory changes affecting payments, crypto, and fintech; help shape internal strategy and external engagement.

What We're Looking For

• JD from a top-level law program.
• At least 3–6 years of legal experience, focused on payments, fintech, financial services regulation, or related areas.
• Strong understanding of domestic and international payments regulations: MTLs, Durbin, EMI/e-money, card scheme rules, PSD2, or equivalent international frameworks.
• Experience advising on commercial contracts and regulatory issues for fintech or payments companies.
• Excellent written and verbal communication skills; able to translate complex regulation into clear business advice.
• Collaborative, business-oriented mindset; comfortable working across multiple teams and time zones.

Nice to Have

• Preference for US-trained lawyers but international JDs will be considered.
• Privacy experience is a plus.
• Digital assets / crypto regulatory experience a strong plus (e.g., VASP regimes, MiCA, SEC/CFTC frameworks, or equivalent).
• Prior in-house experience at a fintech, payments company, or financial regulator.

Team & Environment

You will be part of the Legal team, working closely with Compliance, Risk, Product, and Business Development.

Benefits & Compensation

• Top-tier coverage: We cover 95% of Medical, Dental, and Vision premiums.
• 401(k) with matching.
• Equity for every team member.
• Flexible hybrid setup with a prime SoHo office for NYC-based teammates.
• Unlimited PTO.
• Monthly budget to test our cards and features like a real user.
• Monthly wellness stipend for fitness, therapy, etc.
• One-time home office setup stipend.
• Frequent company events, team dinners, and offsites.

Work Mode

This role operates on a hybrid basis. NYC-based teammates have access to a prime SoHo office.

Rain is an equal opportunity employer.