Payments Counsel — Global Fintech Compliance & Licensing

Rain; New York (NY); Hybrid; USD 150,000 - 230,000; Full time

Benefits offered by this job

Unlimited time off

Flexible working

Comprehensive health, dental andVision

401(k) with 4% company match

Equity plan

Wellness stipend

Team summits

Job summary

Rain is seeking a Payments Counsel in New York to advise on US and EU payments regulations and to draft and negotiate commercial agreements with banks, processors, and vendors. You will work closely with Compliance, Risk, Product, and Business Development to ensure products and partnerships stay compliant.

The role emphasizes cross-functional collaboration, regulatory foresight, and practical business advice, with a flexible, hybrid work setup in a fast-growing fintech environment.

Qualifications

• 5–8 years of legal experience in payments, fintech, or financial services regulation.
• Strong understanding of US and EU payments regulations including state MTLs, Durbin Amendment, PSD2/PSD3, EMD2, EMI licensing, card networks.
• Experience drafting, reviewing, and negotiating commercial contracts for fintech/payments companies.
• Excellent written and verbal communication; able to translate regulation into business advice.

Responsibilities

• Advise on US and EU payments regulations (state money transmission laws, federal banking regs, PSD2/PSD3, etc.).
• Partner with Compliance and Licensing on MTL applications and international licenses.
• Draft, review, and negotiate cardholder agreements across jurisdictions.
• Draft, review, and negotiate commercial agreements with banks, payment processors, card networks, and vendors.
• Manage relationships with outside counsel on regulatory or jurisdictional issues.
• Assist with regulator responses and participate in audits and inquiries.
• Stay ahead of regulatory changes; help shape internal strategy and external engagement.

Skills

Regulatory compliance

Contract negotiation

Cross-functional collaboration

Legal communication

Education

JD from a top-level law program

Job description

Rain is seeking a Payments Counsel in New York to advise on US and EU payments regulations and to draft and negotiate commercial agreements with banks, processors, and vendors. You will work closely with Compliance, Risk, Product, and Business Development to ensure products and partnerships stay compliant.

The role emphasizes cross-functional collaboration, regulatory foresight, and practical business advice, with a flexible, hybrid work setup in a fast-growing fintech environment.