Payments Counsel

As Payments Counsel at Rain, you'll be a trusted legal advisor across the business, ensuring products, licenses, and partnerships comply with applicable payments regulations. You'll work closely with Compliance, Risk, Product, and Business Development in a highly cross-functional role at a fintech company powered by stablecoins for card transactions, cross-border payments, B2B purchases, remittances, and more.

What you'll do

• Advise on U.S. and EU payments regulations, including state money transmission laws, federal banking regulations, PSD2/PSD3, EMD2, e-money licensing, card network rules, and virtual asset frameworks
• Partner with Compliance and Licensing teams on Money Transmitter License applications, international licenses, and ongoing obligations
• Draft cardholder agreements across multiple jurisdictions
• Draft, review, and negotiate commercial agreements with banks, payment processors, card networks, and vendors
• Manage relationships with outside counsel on specialized regulatory or jurisdictional issues
• Assist with responses to regulators and participate in audits, exams, and inquiries
• Stay ahead of regulatory changes affecting payments, crypto, and fintech, and help shape internal strategy and external engagement

What you bring

• A JD from a top-level law program, with preference for US-trained lawyers (international JDs will be considered)
• At least 5-8 years of legal experience focused on payments, fintech, financial services regulation, or related areas
• A strong understanding of U.S. and EU payments regulations, including state Money Transmitter Laws, the Durbin Amendment, Regulation E, PSD2/PSD3, EMD2, e-money institution licensing, and card network rules
• Experience advising on commercial contracts and regulatory issues for fintech or payments companies
• Excellent written and verbal communication skills, able to translate complex regulation into clear business advice
• A collaborative, business-oriented mindset and comfort working across multiple teams and time zones

Nice to have

• Digital assets and crypto regulatory experience, such as Virtual Asset Service Provider (VASP) regimes and MiCA
• Prior in-house experience at a fintech, payments company, or financial regulator

What we offer

• Unlimited time off with a minimum of 10 days required for yourself
• Flexible working arrangements, with a home office stipend for new team members
• For U.S. team members: comprehensive health, dental, and vision plans for you and dependents, plus a 100% company-subsidized life insurance plan
• A 401(k) plan with a 4% company match
• An equity option plan for all team members
• A monthly stipend for health and wellness spending, including gym memberships, fitness classes, massages, and acupuncture
• Team and company offsites both domestically and internationally

About Rain

Rain makes the next generation of payments possible across the globe, powering stablecoins for use in card transactions, cross-border payments, B2B purchases, remittances, and more. The company partners with fintechs, neobanks, and institutions to launch global, inclusive, and efficient solutions, backed by leading investors including Sapphire Ventures, Norwest, Galaxy Ventures, Lightspeed, and Khosla.