Product Counsel

About the role

As a Product Counsel at Rain Xyz, you will provide legal advice on U.S. and EU payments regulations, ensuring compliance across multiple jurisdictions. Your work will involve drafting agreements, managing relationships with outside counsel, and partnering with compliance teams on licensing applications.

Rain operates in the rapidly evolving fintech and crypto space, providing a platform for enterprises and developers to use stablecoins. Success in this position requires a strong understanding of payments regulations and the ability to communicate complex legal concepts clearly to various stakeholders.

Skills that matter here

• Payments regulations: This role requires a strong understanding of both U.S. and EU payments regulations to ensure compliance and advise on legal matters.
• Commercial contracts: Experience in drafting and negotiating commercial agreements is essential for managing relationships with banks and payment processors.
• Regulatory compliance: Advising on regulatory issues and staying ahead of changes in payments and fintech regulations are key responsibilities.
• Legal experience: Candidates should have significant legal experience, particularly in payments, fintech, or financial services regulation.

Who this role suits

• A legal professional with a JD from a top law school, preferably with U.S. training.
• Someone who has at least 5-8 years of experience in payments or fintech regulation.
• A collaborative individual who is comfortable working across teams and time zones.
• A clear communicator who can translate complex regulations into actionable business advice.

From the employer

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.

Benefits & Perks

• 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.