5+ years in product compliance or regulatory compliance within fintech or payments sectors.
Hands-on knowledge of Visa and Mastercard operating rules and card issuing processes.
Familiarity with US consumer financial regulations like Reg E and Reg Z.
Proven experience in reviewing products pre-launch and drafting actionable requirements.
Strong judgment skills to assess risk and communicate decisions effectively.
Ability to write clearly for diverse audiences, from engineers to bank partners.
Responsibilities
Own product compliance reviews from PRD to launch, ensuring all requirements are met.
Translate regulations into actionable product specifications for engineering teams.
Ensure adherence to Visa and Mastercard rules as a Principal Member.
Apply consumer protection regulations to cardholder agreements and disclosures.
Review partner programs and monitor compliance post-launch.
Collaborate with Financial Crimes to integrate KYC/KYB and transaction monitoring into products.
Stay updated on developments in stablecoin and payments regulations, influencing product roadmap.
Maintain compliance policies and documentation for audits and regulatory reviews.
Benefits
Unlimited vacation policy with a minimum requirement of 10 days off.
Flexible working arrangements, including remote work options and stipends for home office setup.
Comprehensive health, dental, and vision plans, fully subsidized life insurance.
401(k) plan with a 4% company match to support retirement savings.
Equity options for all employees to share in the company's success.
Access to Rain Cards for product testing and familiarization.
Health and wellness spending benefits for fitness and wellness activities.
Team summits for relationship building and company culture enhancement.
Full Job Description
The role
We're hiring a Product Compliance Manager to make sure every product Rain ships is compliant by design. You'll sit between Product, Engineering, Legal and Compliance, turning regulations and card network rules into clear product requirements before code is written, not after launch.
Rain moves fast: partners go live in weeks, and new products like embedded wallets, credit and prepaid programs, and agent-issued virtual cards keep coming. You'll own the compliance review that lets that speed hold up with regulators, the networks, our bank partners and auditors. What you'll do
Own product compliance reviews. Assess new products, features and partner programs end to end, from PRD to launch, and sign off on the compliance requirements each one needs.
Translate rules into requirements. Turn regulations and network rules into concrete specs, controls and acceptance criteria that Product and Engineering can build against.
Keep card programs network-compliant. Own adherence to Visa and Mastercard operating rules as a Principal Member, including program approvals, network registrations and periodic attestations.
Cover consumer protection. Apply Reg E, Reg Z, TILA, UDAAP, ECOA and state requirements to cardholder agreements, disclosures, fees, rewards and dispute flows.
Review partner programs. Assess partner use cases, marketing materials, cardholder terms and onboarding flows before launch, and monitor them after.
Partner with Financial Crimes. Make sure KYC/KYB, sanctions screening and transaction monitoring requirements are built into products such as wallets, payouts, onramps and offramps.
Track the landscape. Follow stablecoin, payments and money transmission developments in the US and abroad, including federal stablecoin rules and MiCA, and flag what changes our roadmap.
Build the program. Maintain product compliance policies, the review process, a product risk inventory and the evidence trail that bank partners, networks, regulators and auditors ask for.
What we're looking for
5+ years in product compliance, regulatory compliance or a similar role at a fintech, card issuer, program manager, sponsor bank or payments company.
Hands-on knowledge of card issuing: Visa and/or Mastercard operating rules, prepaid and credit programs, and the issuer-processor-program manager model.
Working knowledge of US consumer financial regulation, including Reg E, Reg Z, UDAAP and state money transmission rules.
A track record of reviewing products before launch and writing requirements that engineers actually build from.
Sound judgment on risk: you know when to say "yes, if" and when to say no, and you can explain both.
Clear writing for very different readers, from an engineer's ticket to a bank partner's due diligence questionnaire.
Nice to have, but not mandatory
Experience with stablecoins, digital assets or crypto-linked card programs.
Exposure to international regimes such as MiCA, UK FCA rules or APAC payments licensing.
Background at a Principal Member issuer or sponsor bank, including network audits or bank partner exams.
Familiarity with BSA/AML, OFAC and FinCEN requirements.
A JD or a certification such as CAMS or CRCM.
Comfort reading API docs and working inside tools like Linear, Jira or Notion.
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 at least 10 days off.
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 receive a stipend to create a comfortable home environment.
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 goalsPlan 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.
Rain Cards 🌧 We want Rainmakers to be knowledgeable about our core products and services. To support this mission, we issue a card for our team to use for testing.
Health and Wellness High performance begins from within. Rainmakers are welcome to use their card 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 off-sites both domestically and internationally.
About Rain
Rain is a clothing brand that specializes in waterproof jackets. The company was founded in 2016 and is based in Vancouver, Canada. Rain's jackets are made from a waterproof and breathable fabric and are designed to be both functional and stylish. The company offers a range of jackets for men and women, as well as accessories such as hats and bags. Rain sells its products online and through select retailers.
