Rain
Product Counsel
Washington, DC, Remote. Posted 16 days ago
The role
You will advise on U.S. and EU payments regulations and partner with Compliance and Licensing teams. You will also draft card holder agreements and negotiate commercial agreements with banks, processors, and networks.
What you will do
- Advise on U.S. and EU payments regulations
- Partner with Compliance and Licensing teams on MTL applications and international licenses
- Draft card holder 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
Required qualifications
- JD from a top-level law program
- At least 5–8 years of legal experience, focused on payments, fintech, financial services regulation, or related areas
- Strong understanding of US and EU payments regulations, including state MTLs, the Durbin Amendment, Regulation E, PSD2/PSD3, EMD2, EMI licensing, and card network rules
- Experience advising on commercial contracts and regulatory issues for fintech or payments companies
- Excellent written and verbal communication skills
Nice to have
- US-trained lawyers
- Digital assets/crypto regulatory experience (e.g., VASP regimes, MiCA)
- Prior in-house experience at a fintech, payments company, or financial regulator
Benefits
- Unlimited time off (10 days minimum required)
- Flexible working
- Stipend to set up a home workspace
- For US Rainmakers, 95% coverage of health, dental, and vision plan costs and 90% for dependents
- 100% company-subsidized life insurance plan
- 401(k) with a 4% company match
- Equity option plan
- Monthly stipend for eligible health and wellness spending
- In-office meals via DoorDash credit
- Team and company offsites, both domestic and international
About the company
Rain is the global stablecoin payments platform for enterprises, neobanks, platforms, developers, and AI agents. It is a hypergrowth company valued at $1.95B.