Compliance Associate - Bank Sponsorship & Product Expansion

Rain is hiring a Compliance Associate to support bank sponsorship relationships and compliance workstreams across new product and market expansion. You will sit at the center of Product, Engineering, Legal, and sponsor bank partners, translating partnership agreements and regulatory requirements into concrete product requirements, preparing documentation bank partners rely on, and helping launches move quickly without compromising compliance. This is a high-visibility, execution-heavy role for someone equally comfortable reading a bank partnership agreement and sitting in a product spec review. You will see products from concept through launch and own the compliance record that makes each launch defensible.

What you'll do

• Serve as a day-to-day compliance point of contact for sponsor bank partners, responding to diligence requests, preparing materials, and tracking open items to closure.
• Review new products, features, and market expansions for compliance impact, and translate applicable regulations and bank partner requirements into clear, actionable product requirements.
• Build and maintain compliance documentation including requirement matrices, policies and procedures, launch checklists, control descriptions, and risk assessments.
• Read and interpret bank partnership agreements, network rules, and regulatory guidance, and flag where product designs create obligations or gaps.
• Partner with Product and Engineering from the start of the design process so compliance requirements are built in rather than retrofitted.
• Support disclosure, marketing, and UX reviews for accuracy and consistency with consumer protection expectations under UDAAP, Reg E, Reg Z, and Reg CC.
• Support bank partner oversight activities, audits, exams, and third-party risk assessments including evidence collection, remediation tracking, and follow-up.
• Monitor regulatory and network developments relevant to card issuing, BaaS, and stablecoin-linked payments, and summarize the practical implications for the business.
• Track compliance deliverables and deadlines across multiple concurrent launches and stakeholders, escalating risks early and clearly.

What you bring

• 4+ years of experience in compliance, risk, or regulatory roles within banking, fintech, or payments.
• Working knowledge of the bank sponsorship and Banking-as-a-Service (BaaS) model and third-party risk management expectations.
• Familiarity with core consumer financial regulations such as BSA/AML, UDAAP, Reg E, Reg Z, Reg CC, EFTA, and 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 and comfort working directly with Product, Engineering, Legal, and bank partners.
• Excellent written communication skills, including experience creating compliance documentation such as requirement matrices, policies, and checklists.
• Detail-oriented with strong project management and organizational skills; comfortable tracking multiple deliverables and deadlines across stakeholders.
• Analytical mindset with the ability to assess compliance risk and prioritize issues.

Nice to have

• 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.

What we offer

• Unlimited time off, with a required minimum of 10 days annually.
• Flexible working arrangements: work from home, from an office, or hybrid. New team members receive a stipend to set up a comfortable home workspace.
• For US team members: 95% coverage of health, dental, and vision plan costs; 90% coverage for dependents; and a 100% company-subsidized life insurance plan.
• 401(k) retirement plan with a 4% company match.
• Equity option plan for all team members.
• Monthly health and wellness stipend for gym memberships, fitness classes, massages, acupuncture, and similar eligible expenses.
• In-office meals: DoorDash credit for lunch and dinner when working from the office.
• Team and company offsites, both domestic and international.

About Rain

Rain is a global stablecoin payments platform for enterprises, neobanks, platforms, developers, and AI agents. As a Visa and Mastercard Principal Member, Rain issues cards that work at more than 175 million merchant locations in over 220 countries and territories. Built natively for stablecoins and trusted by more than 100 organizations worldwide, Rain raised a $250M Series C in January 2026 at a $1.95B valuation, led by ICONIQ and joined by Sapphire Ventures, Dragonfly, Bessemer Venture Partners, Galaxy Ventures, FirstMark, Lightspeed, Norwest, and Endeavor Catalyst.