Compliance Associate - Bank Sponsorship & Product Expansion

The role

You will support bank sponsorship relationships and compliance workstreams for new product and market expansion. You will translate partnership agreements and regulatory requirements into product requirements and manage compliance documentation.

What you will do

• Serve as a day-to-day compliance point of contact for sponsor bank partners.
• 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 including policies, procedures, and risk assessments.
• Read and interpret bank partnership agreements, network rules, and regulatory guidance.
• Partner with Product and Engineering during the design process.
• Support disclosure, marketing, and UX reviews for accuracy.
• Support bank partner oversight activities, audits, exams, and third-party risk assessments.
• Monitor regulatory and network developments relevant to card issuing, BaaS, and stablecoin-linked payments.
• Track compliance deliverables and deadlines across multiple concurrent launches.

Required qualifications

• 4+ years 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 (e.g., 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.
• Excellent written communication skills, including experience creating compliance documentation.
• Detail-oriented with strong project management and organizational skills.
• 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.

Benefits

• Unlimited time off (10 days minimum required).
• Flexible working environment.
• Stipend to set up a home workspace.
• 95% coverage of health, dental, and vision plan costs for US employees.
• 90% coverage of health, dental, and vision plan costs 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. The company is a Visa and Mastercard Principal Member that issues cards working at more than 175 million merchant locations.