Product Counsel

Tephra; New York (NY); Hybrid; USD 230,000 - 300,000; Full time

Benefits offered by this job

Unlimited time off

Flexible working

Health benefits (US)

401(k) with company match

Equity plan

Wellness stipend

Company meals

Team summits

Job summary

Rain is seeking a Payments Counsel to join the expanding Legal team. You will ensure our products, licenses, and partnerships comply with payments regulations across multiple jurisdictions, collaborating with Compliance, Risk, Product, and Business Development.

The role requires a JD from a top-tier program, 5–8 years of payments/regulatory experience, and strong communication. This is a cross-functional, high-impact position with global scope and flexible work arrangements.

Qualifications

• JD from a top-tier law program; US-trained preferred, international JDs considered.
• At least 5–8 years of legal experience in payments, fintech, financial services regulation, or related areas.
• Strong understanding of US and EU payments regulations (MTLs, Durbin, Reg E, PSD2/PSD3, EMD2, EMI licensing, card network rules).
• Experience advising on commercial contracts and regulatory issues for fintech/payments companies.
• Excellent written and verbal communication; translate regulation to clear business advice.

Responsibilities

• Advise on U.S. and EU payments regulations, including state money transmission laws and card network rules.
• Partner with Compliance and Licensing on MTL applications and licenses.
• Draft cardholder agreements across jurisdictions.
• Draft, review, and negotiate commercial agreements with banks, processors, 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 affecting payments, crypto, and fintech.

Skills

Regulatory compliance

Payments/fintech law

Commercial contracts

Communication skills

Cross-functional collaboration

Education

Top-tier law program JD

US-trained preferred; international JDs considered

Job description

About the Company

Rain is the global stablecoin payments platform for enterprises, neobanks, platforms, developers, and AI agents. Our technology allows partners to move, store, and use stablecoins instantly and compliantly through global payment cards, rewards, on/offramps, wallets, and cross-border rails. As both a Visa and Mastercard Principal Member, Rain issues cards that work at more than 175 million merchant locations in over 220 countries and territories. Built natively for stablecoins and trusted by more than 100 organizations worldwide, Rain delivers secure, scalable infrastructure that makes money move freely and instantly around the world.

You will have the opportunity to deliver massive impact at a hypergrowth company backed by some of the top investors in fintech, crypto, and SaaS. In January 2026, we closed a $250M Series C led by ICONIQ, valuing Rain at $1.95B, with Sapphire Ventures, Dragonfly, Bessemer Venture Partners, Galaxy Ventures, FirstMark, Lightspeed, Norwest, and Endeavor Catalyst also participating. If you're curious, bold, and excited to help shape a borderless financial future, we'd love to talk.

Our Ethos

We believe in an open and flat structure. You will be able to grow into the role that most aligns with your goals. Our team members at all levels have the freedom to explore ideas and impact the roadmap and vision of our company.

About the Team

We’re looking for a Payments Counsel to join our growing Legal team. You’ll be a trusted advisor across the business, ensuring our products, licenses, and partnerships are structured and executed in compliance with applicable payments regulations. This is a highly cross‑functional role, working closely with Compliance, Risk, Product, and Business Development.

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 MTL applications, international licenses, and ongoing obligations.

• 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; help shape internal strategy and external engagement.

You are likely to succeed if you have:

• A JD from a top‑level law program. Preference for US‑trained lawyers, but international JDs will be considered.

• 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; able to translate complex regulation into clear business advice.

• A collaborative, business‑oriented mindset; comfortable working across multiple teams and time zones.

Bonus attributes:

• Digital assets/crypto regulatory experience (e.g., VASP regimes, MiCA).

• Prior in‑house experience at a fintech, payments company, or financial regulator.

Things that enable a fulfilling, healthy and happy experience at Rain:

Unlimited time off Unlimited vacation can be daunting, so we require Rainmakers to take 10 days minimum for themselves.

Flexible working We support a flexible workplace – work from home, come into an office, or both. We want everyone to work in an environment where they're their most confident and productive selves. New Rainmakers receive a stipend to set up a comfortable home workspace.

Easy to access benefits For US Rainmakers, we cover 95% of your health, dental, and vision plan costs and 90% for your dependents, plus a 100% company‑subsidized life insurance plan.

Retirement goals Plan for the future with confidence. We offer a 401(k) with a 4% company match.

Equity plan Every Rainmaker gets an equity option plan so we all benefit from our success.

Health and Wellness High performance begins from within. Rainmakers receive a monthly stipend to be used for eligible health and wellness spending like gym memberships/fitness classes, massages, acupuncture - whatever recharges you!

In‑office meals Rainmakers working from the office enjoy lunch and dinner on us, covered with a DoorDash credit.

Team summits Summits play an important role at Rain. Time together helps us build relationships and a common destiny. Expect team and company offsites, both domestic and international.