Head of Risk Products at Rain

New York, New York, United States

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Not SpecifiedCompensation

Expert & Leadership (9+ years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Fintech, Stablecoins, PaymentsIndustries

Requirements

10+ years work experience with at least 8+ years in payments risk at a financial technology company, bank, financial services firm, or payments network
Hands on fraud prevention strategy experience
Proven track record of complex problem solving and decision-making skills
Strong analytical skills and team player
SQL and Dashboarding Skills
High EQ and management skills
Desirable but not mandatory: Exposure to B2B credit card programs
Desirable but not mandatory: Cross border payments experience

Responsibilities

Define the multi-year product vision for Rain’s risk ecosystem
Staff and build a world class risk organization to support our rapid growth
Manage vendor relationships and evaluate external risk technology partners
Manage key payments ecosystem partners on all payments risk related functions
Lead creation and optimization of Rain’s risk decisioning systems, scoring models, data pipelines, and automated controls
Partner with engineering and data to define technical requirements for models, rule engines, and alerting systems
Build frameworks for evaluating risk–reward tradeoffs and guide senior leadership through complex decisions
Ensure platform scalability to support new products, geographies, and risk vectors
Work closely with Compliance and Legal to ensure controls support regulatory expectations

Skills

Key technologies and capabilities for this role

Product StrategyRisk ManagementPayments FraudCredit Card FraudIdentity ManagementAccount Takeover PreventionBot DetectionVendor ManagementScalable SystemsCross-functional Collaboration

Questions & Answers

Common questions about this position

What experience is required for the Head of Risk Products role?

Candidates need 10+ years of work experience with at least 8+ years in payments risk at a financial technology company, bank, financial services firm, or payments network, plus hands-on fraud prevention strategy experience, proven complex problem-solving, strong analytical skills, SQL and dashboarding skills, and high EQ and management skills.

Is this position remote or hybrid?

The position is hybrid.

What does the company culture at Rain emphasize?

Rain's ethos emphasizes moving fast, thinking globally, agility, fixing issues proactively, chasing trends, and having fun, with a diverse international team serving global audiences.

What is the salary or compensation for this role?

This information is not specified in the job description.

What makes a strong candidate for this Head of Risk Products position?

A strong candidate has 10+ years of experience including 8+ in payments risk, hands-on fraud prevention expertise, strong analytical and SQL skills, high EQ for management, and the ability to staff and build a world-class risk organization while partnering cross-functionally.

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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