Rain
Compliance Associate - Bank Sponsorship & Product Expansion
$80K–$120K
New York, NY · Hybrid · Full-time · Posted Sep 11, 2026
- Experience
- 4+ years in compliance, risk, or regulatory roles within banking, fintech, or payments.
About the job
Supports sponsor bank relationships and ensures compliance requirements are built into new products and market expansions from design through launch.
What you'll do
- Respond to sponsor bank diligence requests, prepare materials, and track open items.
- Review product and market launches, translating regulations and bank requirements into actionable product requirements and documentation.
- Support bank oversight, audits, exams, and risk assessments, including evidence collection and remediation tracking.
What they ask for
- 4+ years of experience in compliance, risk, or regulatory roles within banking, fintech, or payments.
- Working knowledge of bank sponsorship/BaaS and third-party risk management expectations.
- Familiarity with consumer financial regulations such as BSA/AML, UDAAP, Reg E, Reg Z, Reg CC, EFTA, and GLBA.
- Ability to interpret partnership agreements and regulatory guidance and translate requirements into product requirements.
Nice to have
- Prior experience working directly with a sponsor bank or bank partnership team.
- Experience supporting bank exams, audits, or third-party risk assessments.
Pay
$80K – $120K (base salary)
AI focus
The company describes its platform as serving AI agents; the role itself has no stated AI work.
Model-written summary · the original posting is authoritative