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Rain is a global stablecoin payments platform serving enterprises, neobanks, platforms, developers, and AI agents. The company enables partners to move, store, and use stablecoins instantly and compliantly through global payment cards, rewards, on/offramps, wallets, and cross-border rails. As a Visa and Mastercard Principal Member, Rain issues cards accepted at over 175 million merchant locations across 220+ countries. The company is backed by top-tier fintech and crypto investors, including a $250M Series C in January 2026 led by ICONIQ (valuing Rain at $1.95B).
The Compliance Associate will support Rain's bank sponsorship relationships and compliance workstreams for new product and market expansion. This is an execution-heavy, high-visibility role sitting at the intersection of Product, Engineering, Legal, and sponsor bank partners. You will translate partnership agreements and regulatory requirements into concrete product requirements, prepare documentation that bank partners rely on, and help launches move quickly without compromising compliance.
Key Responsibilities:
• Serve as day-to-day compliance point of contact for sponsor bank partners, responding to diligence requests, preparing materials, and tracking items to closure.
• Review new products, features, and market expansions for compliance impact; translate regulations and bank partner requirements into actionable product requirements.
• Build and maintain compliance documentation: requirement matrices, policies, procedures, launch checklists, control descriptions, and risk assessments.
• Read and interpret bank partnership agreements, network rules, and regulatory guidance; flag where product designs create obligations or gaps.
• Partner with Product and Engineering from design inception to ensure compliance is built in rather than retrofitted.
• Support disclosure, marketing, and UX reviews for accuracy and consistency with consumer protection expectations (UDAAP, Reg E, Reg Z, Reg CC).
• Support bank partner oversight activities, audits, exams, and third-party risk assessments, including evidence collection and remediation tracking.
• Monitor regulatory and network developments relevant to card issuing, BaaS, and stablecoin-linked payments; summarize practical business implications.
• Track compliance deliverables and deadlines across multiple concurrent launches and stakeholders, escalating risks early and clearly.
Requirements:
• 4+ years of experience in compliance, risk, or regulatory roles within banking, fintech, or payments.
• Working knowledge of the bank sponsorship / Banking-as-a-Service (BaaS) model and third-party risk management expectations.
• Familiarity with core consumer financial regulations: BSA/AML, UDAAP, Reg E, Reg Z, Reg CC, EFTA, GLBA.
• Ability to read and interpret bank partnership agreements, regulatory guidance, and compliance requirements, and translate them into clear, actionable product requirements.
• Strong cross-functional collaboration skills; comfortable working directly with Product, Engineering, Legal, and bank partners.
• Excellent written communication skills, including experience creating compliance documentation (requirement matrices, policies, checklists).
• Detail-oriented with strong project management and organizational skills; comfortable tracking multiple deliverables and deadlines.
• Analytical mindset with ability to assess compliance risk and prioritize issues.
Bonus Attributes:
• Prior experience working directly with a sponsor bank or bank partnership team.
• Experience at a fintech, neobank, or payments company.
• Familiarity with product and project management tools.
• Professional certification such as CRCM (Certified Regulatory Compliance Manager), CAMS (Certified Anti-Money Laundering Specialist), or similar.
• Experience supporting bank exams, audits, or third-party risk assessments.
• Exposure to stablecoins, digital assets, or cross-border payments.
