Head of Financial Crimes Risk Management

About the Company

Rain makes the next generation of payments possible across the globe. We’re a lean and mighty team of passionate builders and veteran founders. Our infrastructure makes stablecoins usable in the real-world by powering card transactions, cross-border payments, B2B purchases, remittances, and more. We partner with fintechs, neobanks, and institutions to help them launch solutions that are global, inclusive, and efficient. You will have the opportunity to deliver massive impact at a hypergrowth company that is funded by some of the top investors in fintech, crypto, and SaaS, including Sapphire Ventures, Norwest, Galaxy Ventures, Lightspeed, Khosla, and several more. 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 are seeking an experienced financial crimes professional to lead our BSA/AML and sanctions compliance program as our designated BSA Officer. This position will report directly to the Chief Compliance Officer as well as the Board of Directors and serve as the strategic leader for all financial crimes risk management activities across our card issuing platform and stablecoin operations. You will build and oversee a comprehensive financial crimes program while managing relationships with platform partners, regulators, and internal stakeholders in a fast-paced fintech environment.

This is a hybrid-work position based in Washington, DC or New York City. Only extraordinary candidates outside these geographic areas will be considered as long as the candidate is able to travel regularly to Rain DC and New York offices.

What you’ll do

BSA/AML Program Leadership

• Serve as the designated BSA Officer with direct Board reporting responsibility

• Develop, implement, and maintain a risk-based BSA/AML compliance program aligned with regulatory requirements and industry best practices

• Oversee all aspects of the Bank Secrecy Act compliance program including policy development, risk assessments, independent testing, and training

• Present regular updates to the Board of Directors on program effectiveness, emerging risks, and remediation efforts

• Maintain relationships with FinCEN, federal and state banking regulators, and other supervisory agencies

OFAC & Sanctions Compliance

• Design and oversee the sanctions screening and compliance program, ensuring adherence to OFAC regulations and other economic sanctions requirements

• Coordinate sanctions-related reporting and regulatory inquiries

KYC & Customer Risk Management

• Oversee customer identification program (CIP) and customer due diligence/enhanced due diligence (CDD/EDD) frameworks

• Manage customer risk rating, ongoing customer monitoring and periodic review processes

Transaction Monitoring & Investigations

• Lead transaction monitoring program including scenario development, tuning, and optimization

• Oversee investigation of alerts and identification of suspicious activity

• Manage Suspicious Activity Report (SAR) and Currency Transaction Report (CTR) filing processes

• Develop case management protocols and quality assurance procedures

Platform Partner Risk Management

• Establish risk-based due diligence framework for platform partners and third-party issuers

• Monitor partner compliance with BSA/AML obligations and contractual requirements

• Implement oversight and audit procedures for partner programs

Strategic & Operational Management

• Build and lead a high-performing financial crimes team in a startup environment

• Develop annual risk assessments and program testing schedules

• Implement technology solutions for screening, monitoring, and case management

• Establish key performance indicators and metrics for program effectiveness

• Collaborate with Product, Engineering, and Operations on controls integration

• Manage relationships with external vendors and service providers

You are likely to succeed if you have:

• 10+ years of progressive experience in BSA/AML compliance, with at least 5 years in a leadership role

• Previous experience serving as a BSA Officer or in a similar capacity with regulatory reporting responsibilities

• Deep expertise in BSA/AML regulations, OFAC sanctions, FinCEN guidance, and relevant federal banking laws

• Proven track record building modern, technology-enabled risk management and compliance functions

• Experience leading investigative teams that prepare regulatory reports (SARs, CTRs, 314(a) requests)

• Strong understanding of card issuing, payment processing, or banking operations

• Experience managing regulatory examinations and audits

• Demonstrated ability to build compliance programs in high-growth or startup environments

• Excellent communication skills with ability to present to Board-level audiences

Bonus attributes:

• Advanced degree (MA, MBA, JD, or relevant field)

• Experience in fintech, digital assets, or emerging payment technologies

• Knowledge of stablecoin operations, cryptocurrency compliance, or virtual asset regulations

• Familiarity with fintech and global specific risk scenarios and typologies

• Prior experience at a federal banking regulator or enforcement agency

• CAMS (Certified Anti-Money Laundering Specialist) certification

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 Rainmakers an equity option plan so we can all can 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 utilize the card 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 offsites both domestically and internationally.