About the TeamWe'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, if you feel comfortable at home please work from home. If you'd like to work with others in an office feel free to come in. We want everyone to be able to work in the environment in which they are their most confident and productive selves. New Rainmakers will have a stipend to create a comfortable atmosphere at home.
- Easy to access benefits For US Rainmakers, we offer comprehensive health, dental and vision plans for you and your dependents, as well as 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 📦 We offer every Rainmaker an equity option plan so we can 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!
- Team summits Summits play an important role at Rain! Time spent together helps us get to know each other, strengthen our relationships, and build a common destiny. Expect team and company offsites both domestically and internationally.
