Compliance Associate – Bank Sponsorship & Product Expansion

About the role

Rain is a global stablecoin payments platform seeking a Compliance Associate to support bank sponsorship relationships and compliance workstreams for new product and market expansions. You will act as the bridge between Product, Engineering, Legal, and sponsor banks, translating partnership agreements and regulatory requirements into actionable product specifications.

Key responsibilities

• Serve as the day‑to‑day compliance liaison for sponsor bank partners, handling diligence requests, preparing documentation, and tracking open items to closure.
• Review new products, features, and market expansions for compliance impact, converting regulations and bank requirements into clear product requirements.
• Build and maintain compliance artefacts such as requirement matrices, policies, launch checklists, control descriptions, and risk assessments.
• Interpret bank partnership agreements, network rules, and regulatory guidance, flagging design gaps or obligations.
• Partner with Product and Engineering early in the design process to embed compliance requirements.
• Support disclosure, marketing, and UX reviews for alignment with consumer protection regulations (UDAAP, Reg E, Reg Z, Reg CC).
• Assist with bank partner oversight, audits, exams, and third‑party risk assessments, including evidence collection and remediation tracking.
• Monitor regulatory and network developments related to card issuing, BaaS, and stablecoin‑linked payments, summarizing practical implications.

Required profile

• 4+ years of experience in compliance, risk, or regulatory roles within banking, fintech, or payments.
• Working knowledge of the Banking‑as‑a‑Service (BaaS) model and third‑party risk management.
• Familiarity with core consumer financial regulations such as BSA/AML, UDAAP, Reg E, Reg Z, Reg CC, EFTA, and GLBA.
• Strong cross‑functional collaboration skills, comfortable working directly with Product, Engineering, Legal, and bank partners.
• Excellent written communication and documentation skills.

Required skills

• Ability to read and interpret bank partnership agreements and regulatory guidance.
• Experience creating compliance documentation (requirement matrices, policies, checklists).
• Detail‑oriented project management and organizational abilities.

What we offer

• Unlimited time off with a minimum of 10 days taken per year.
• Flexible working arrangements (remote, office, or hybrid).
• Comprehensive health, dental, vision coverage (95% employee, 90% dependents) and 100% subsidized life insurance.
• 401(k) plan with 4% company match.
• Equity option plan for all employees.
• Monthly health and wellness stipend.
• In‑office meals via DoorDash credit for office‑based staff.
• Team summits and off‑site events, both domestic and international.