Compliance Associate at Rain

San Juan, Puerto Rico, Puerto Rico

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Not SpecifiedCompensation

Mid-level (3 to 4 years)Experience Level

Full TimeJob Type

UnknownVisa

Fintech, Cryptocurrency, Financial ServicesIndustries

Requirements

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

Responsibilities

Work with the KYC/KYB and AML compliance officer to help manage our 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

KYCKYBAMLCompliance InvestigationsDue DiligenceRegulatory ComplianceAnalytical Skills

Questions & Answers

Common questions about this position

Is this position remote?

Yes, this is a remote position.

What is the salary for the Compliance Associate role?

This information is not specified in the job description.

What experience and skills are required for this role?

Candidates need 4+ years of compliance or related experience at a bank or financial services company, detailed understanding of KYC/KYB and AML frameworks domestically and internationally, analytical skills, high integrity, and knowledge of the regulatory landscape for financial products and compliance investigations.

What is the company culture like at Rain?

Rain has an open and flat structure where team members at all levels have the freedom to explore ideas and impact the roadmap and vision, with opportunities to grow into roles aligning with personal goals.

What makes a strong candidate for this Compliance Associate position?

A strong candidate will have a BA/BS (advanced degree preferred), 4+ years of compliance experience in banking or financial services, and deep knowledge of KYC/KYB, AML frameworks, regulatory landscapes, and compliance investigations.

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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