Payments Counsel – Regulatory & Product

About Us

At Rain, we’re building the rails for compliant, global payments. That means navigating complex financial regulations while partnering with regulators, banks, and innovators to unlock new opportunities. Our legal team is small but mighty, helping the company scale responsibly while staying at the cutting edge of payments and fintech law.

As Payments Counsel, you’ll be at the intersection of law, technology, and financial access. You’ll help build compliant products that scale globally while solving some of the most complex regulatory challenges in fintech. This is a chance to make real impact in a fast-moving industry while growing your career alongside an ambitious team.

Our Ethos

Operating at the epicenter of stablecoin innovation means moving fast and thinking globally. Our team reflects the diverse, international audiences we serve. We hire people who stay agile as the tide ebbs and flows, fix what’s broken without waiting, chase trends before they peak, and remember to have fun through it all.

What we're looking for

We’re looking for a Payments Counsel to join our growing Legal team. You’ll be a trusted advisor across the business, ensuring our products, licenses, and partnerships are structured and executed in compliance with applicable payments regulations. This is a highly cross-functional role, working closely with Compliance, Risk, Product, and Business Development.

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 MTL applications, international licenses, and ongoing obligations.

• Draft card holder 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. Privacy experience is a plus.

• 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 you will bring to Rain

• JD from a top level law program. Preference for US trained lawyers but international JDs will be considered

• 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.

• Digital assets / crypto regulatory experience a strong plus (e.g., VASP regimes, MiCA, SEC/CFTC frameworks, or equivalent).

• Bonus: Prior in-house experience at a fintech, payments company, or financial regulator.
  

Our team works hard, so we make sure our benefits do too. Here’s what you can expect as a Rainmaker:

• Top-tier coverage: We cover 95% of Medical, Dental, and Vision premiums.

• 401(k) with matching: Invest in your future, just like we’re investing in ours.

• Ownership that matters: Every team member gets equity because we believe in building together.

• Work your way: Flexible hybrid setup with a prime SoHo office for NYC-based teammates.

• Unlimited PTO: Because time to rest and reset is just as important as time to ship.

• Product-first perks: Monthly budget to test our cards and features like a real user.

• Wellness support: Monthly stipend to spend on fitness, therapy, or whatever keeps you thriving.

• Home office setup: One-time stipend to create a space that works for you.

• Team connection: Frequent company events, team dinners, and offsites to stay connected.

Compensation will vary based on experience