Compliance Analyst (AML, KYB, KYC) at Rain

San Juan, Puerto Rico, Puerto Rico

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Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Fintech, Financial Services, CryptocurrencyIndustries

Requirements

BA/BS required; advanced degree is a plus
4+ years of compliance or related experience at a bank, financial services company, or similar
Understanding of KYC/KYB and AML frameworks both domestically and internationally
Detailed understanding of the regulatory landscape with regard to financial products
Knowledge and experience with compliance investigations and due diligence
High integrity and analytical skills

Responsibilities

Work with the KYC/KYB and AML compliance officer to help manage the company’s comprehensive compliance program and liaise with all regulatory agencies and financial service providers
Analyze and evaluate the company’s policies, procedures, products, and business practices to ensure compliance with applicable laws and regulations
Actionalize and refine KYB, KYC and AML processes and procedures based on best practices informed by operational data
Oversee and implement all aspects of regulatory compliance programs
Lead and manage regulatory examinations
Contribute to the firm’s risk management efforts
Monitor and analyze customer and transaction data to identify any potential suspicious activity and complete the required forms such as OFAC reports and Suspicious Activity Reports (SARS), if necessary
Assist with the investigation of fraud and restricted activities, as necessary
Stay up to date on all compliance-related developments in relevant jurisdictions impacting business activities, and continually refine and perfect the company’s compliance programs

Skills

Key technologies and capabilities for this role

KYCKYBAMLOFACSARsCompliance InvestigationsDue DiligenceRegulatory ComplianceRisk ManagementRegulatory Examinations

Questions & Answers

Common questions about this position

What is the salary for the Compliance Analyst position?

This information is not specified in the job description.

Is this a remote position or is there a required office location?

This information is not specified in the job description.

What skills and experience are required for this role?

Candidates need 4+ years of compliance or related experience at a bank or financial services company, understanding of KYC/KYB and AML frameworks domestically and internationally, detailed knowledge of the regulatory landscape for financial products, and experience with compliance investigations and due diligence. High integrity and analytical skills are also required, along with a BA/BS degree.

What is the company culture like at Rain?

Rain has an open and flat structure that allows for growth and exploration of ideas, with team members having the freedom to impact the roadmap and vision.

What makes a strong candidate for this Compliance Analyst role?

A strong candidate will have 4+ years of compliance experience in banking or financial services, deep knowledge of KYC/KYB, AML frameworks, and regulatory landscapes, plus experience in investigations and due diligence, along with high integrity and analytical skills.

Rain

Spend management platform for Web3 organizations

About Rain

Rain provides a spend management platform designed specifically for decentralized organizations in the Web3 ecosystem, such as DAOs and blockchain projects. The platform allows these organizations to manage their finances by integrating digital assets with traditional fiat currency systems, enabling seamless transactions. Rain's technology leverages blockchain infrastructure to facilitate instant and secure payments, allowing users to make real-world purchases more quickly than traditional methods. Unlike conventional fintech solutions that rely on outdated systems, Rain focuses on the unique needs of Web3 teams, offering a direct payment pipeline that connects them with vendors. The company's goal is to empower Web3 organizations to operate efficiently while maintaining the ability to transact with traditional merchants globally.

New York City, New YorkHeadquarters

2021Year Founded

$5.8MTotal Funding

SEEDCompany Stage

Fintech, Crypto & Web3Industries

11-50Employees

Benefits

Unlimited Paid Time Off

Flexible Work Hours

Health Insurance

Life Insurance

Equity Plan

Wellness Program

Team Summits

Risks

Nuvei's similar services in Latin America could impact Rain's market share.

Partnership with Portal and PayPal offers alternative payment methods, posing a threat to Rain.

Expansion into Latin America may expose Rain to regulatory challenges.

Differentiation

Rain offers a secure spend management platform for decentralized organizations like DAOs.

Rain leverages blockchain infrastructure for instant and secure transactions.

Rain integrates digital assets with fiat systems for seamless Web3 team operations.

Upsides

Rain's partnership with Paymentology enhances data-driven decision-making and customer experience.

Collaboration with Portal and PayPal can increase Rain's user base.

$6 million seed funding supports expansion in DAO and Web3 sectors.

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