Payments Counsel – Regulatory & Product

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

Requirements

Candidates should have a JD from a top-level law program, with a preference for US-trained lawyers, though international JDs will be considered. A minimum of 3-6 years of legal experience focused on payments, fintech, or financial services regulation is required, along with a strong understanding of domestic and international payments regulations such as MTLs, Durbin, EMI/e-money, card scheme rules, and PSD2. Experience advising on commercial contracts and regulatory issues for fintech or payments companies is essential, as are excellent written and verbal communication skills and a collaborative, business-oriented mindset. Digital assets/crypto regulatory experience is a strong plus, and prior in-house experience at a fintech, payments company, or financial regulator is a bonus. Privacy experience is also a plus.

Responsibilities

The Payments Counsel will advise on U.S. and international payments regulations, including money transmission, stored value, card networks, e-money, and virtual asset frameworks. Responsibilities include partnering with Compliance and Licensing teams on MTL applications and international licenses, drafting cardholder agreements, and drafting, reviewing, and negotiating commercial agreements with banks, payment processors, card networks, and vendors. The role also involves providing practical guidance on consumer protection requirements, managing relationships with outside counsel, assisting with responses to regulators, and participating in audits, exams, and inquiries. Staying ahead of regulatory changes affecting payments, crypto, and fintech, and helping to shape internal strategy and external engagement are also key duties.

Skills

Payments Regulations

Money Transmission

Stored Value

Card Networks

E-money

Virtual Asset Frameworks

MTL Applications

International Licenses

Card Holder Agreements

Commercial Agreements

Consumer Protection

Privacy Law

Fintech Law

Regulatory Compliance

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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