Compliance Associate

About Rain

Rain is revolutionizing payments worldwide by providing infrastructure that enables stablecoins for practical use cases such as card payments, international transfers, business transactions, and remittances. Backed by top investors across fintech and crypto sectors, Rain collaborates with fintech companies, neobanks, and financial institutions to build global, inclusive, and efficient payment solutions. The company fosters a flat organizational structure that encourages innovation and career growth aligned with individual aspirations.

Role Overview

As a Compliance Associate on the Compliance team, your main responsibility will be managing transaction monitoring alerts, conducting detailed investigations, and making filings such as Suspicious Activity Reports (SARs). This hands-on role requires thorough documentation, critical analysis, and timely decision-making to ensure suspicious activities are accurately identified and reported. Rather than policy-making, this position focuses on daily operational work including alert review and case creation.

Key Responsibilities

• Analyze and resolve transaction monitoring alerts and KYC/KYB onboarding applications, involving customer profiling, document verification, ownership analysis, sanctions screening, and transaction review.
• Perform enhanced due diligence on high-risk applicants by examining sources of funds and wealth, evaluating business models, and documenting ownership structures extensively.
• Provide well-founded SAR recommendations with clear explanations and defensible documentation meeting regulatory standards.
• Write SAR narratives that comply with FinCEN quality requirements.
• Request further information (RFIs) from customers or partners as needed and ensure responses are received and logged appropriately.
• Support ongoing KYC refresh processes for existing clients as part of the due diligence program.
• Identify gaps in onboarding and investigation policies and suggest effective improvements.
• Keep up-to-date with FinCEN advisories, FATF typologies, emerging trends in financial crimes, and specific patterns related to stablecoins and virtual assets.

Candidate Profile

• 3 to 5+ years' experience in compliance, AML investigations, KYC, or onboarding roles within fintech, payments, or cryptocurrency companies.
• Proven expertise in reviewing KYB applications for business customers including beneficial ownership analyses and corporate document vetting.
• Proficient with sanctions and screening tools such as OFAC, PEP, and adverse media checks, capable of independent determinations and thorough documentation.
• Hands-on experience managing end-to-end AML investigations and producing SAR-quality documentation.
• Good understanding of BSA/AML regulations and FinCEN SAR filing processes.
• Familiarity with transaction monitoring platforms and blockchain analytics for on-chain transaction scrutiny.
• Strong written communication skills and ability to handle multiple cases efficiently in a fast-paced environment.
• Self-motivated with a "doer" mindset, capable of managing workload autonomously.
• CAMS certification or progress toward it is advantageous.

Success Indicators

• Consistently maintain a current alert queue and meet or exceed SLA compliance above 95%.
• Produce case files that are comprehensive, clear, and ready for independent review.
• Create SAR narratives that meet FinCEN and internal quality standards with minimal revisions.
• Proactively detect and communicate patterns or typologies across cases to the compliance team.

Additional Information

• Unlimited paid time off with a minimum of 10 days required for personal use.
• Flexible work options including working remotely or onsite to suit personal productivity preferences. New employees receive a stipend for home office setup.
• Comprehensive health, dental, and vision insurance plans fully supported by the company for employees and dependents.
• Company-paid life insurance at 100% coverage.
• 401(k) retirement plan with a 4% company match.
• Equity option plan made available to all employees.
• Access to company cards for product testing and health and wellness expenses such as fitness memberships and therapies.
• Regular domestic and international team summits and offsite events to strengthen team cohesion.
• Compensation range spans from $50,000 to $999,000 annually.