[Remote] Payments Counsel – Regulatory & Product at Rain

Remote

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Not SpecifiedCompensation

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

Full TimeJob Type

UnknownVisa

Fintech, Payments, Financial ServicesIndustries

Skills

Key technologies and capabilities for this role

Payments RegulationsMoney TransmissionStored ValueCard NetworksE-moneyVirtual Asset FrameworksMTL ApplicationsInternational LicensesCard Holder AgreementsCommercial AgreementsConsumer ProtectionPrivacy LawFintech LawRegulatory Compliance

Questions & Answers

Common questions about this position

What legal experience is required for the Payments Counsel role?

Candidates need a JD from a top-level law program (preference for US-trained but international JDs considered) and at least 3–6 years of legal experience focused on payments, fintech, financial services regulation, or related areas.

What key regulatory knowledge is needed for this position?

A strong understanding of domestic and international payments regulations is required, including MTLs, Durbin, EMI/e-money, card scheme rules, PSD2, or equivalent international frameworks.

What is the company culture like at Rain?

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

What salary or compensation does this role offer?

This information is not specified in the job description.

What makes a strong candidate for this Payments Counsel position?

Strong candidates have experience advising on commercial contracts and regulatory issues for fintech or payments companies, excellent communication skills to translate complex regulations into clear business advice, and a collaborative, business-oriented mindset.

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 Unlike conventional fintech solutions that rely on outdated systems, Rain focuses on the unique needs of Web3 teams, offering a direct payment pipeline that connects them with vendors.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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