--- title: 'Data Scientist - Fraud Risk at Rain' canonical: 'https://feeny.ai/job/data-scientist-fraud-risk-rain-new-york-zp4qcn2shpwv' type: 'job' last_seen: '2026-10-18' --- # Data Scientist - Fraud Risk at Rain - **Company:** Rain - **Location:** New York, NY - **Compensation:** $190k–$230k - **Employment:** full-time - **Work type:** onsite - **Posted:** 2026-07-31 - **Last confirmed live:** 2026-10-18 - **Apply:** https://jobs.ashbyhq.com/rain/d801cb1d-0500-487f-8732-39a4afe3c741 ## Job description ## 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 The fraud risk management team at Rain creates sophisticated, scalable risk mitigation solutions to protect our customers and provide them a low-friction experience. We achieve this by maintaining transaction and lifecycle event monitoring, building alerts to speed up fraud detection and response, and creating risk rules and strategies empowered with ML models. We are a pillar of the business supporting new products and ensuring their success. Rain’s next generation payment technology brings unique and new fraud vectors requiring holistic, end-to-end thinking, strong data fundamentals and fraud management savvy to combat. ## What you’ll do - Own the metrics, dashboards, and reports that inform business strategy and decision-making - Design and implement real-time monitoring systems for fraud signals and alerting thresholds - Design, simulate, and implement real-time risk controls using real-time and offline predictive ML models - Balance risk controls with customer experience by focusing on loss savings, reduced user friction, and margin improvement - Partner with go-to-market teams to demonstrate the technical and business value of risk controls to customers - Effectively summarize complex analytical results to leadership and non-technical stakeholders - Assist partners when they have fraud concerns with their traffic ## What we're looking for - Advanced proficiency in SQL and Python - 3+ years hands-on experience working on automated fraud risk strategies and experimentation (A/B tests), including implementation of real-time and offline predictive ML models - Skilled in designing, building, and maintaining dashboards and fraud risk metrics - The ability to manage ambiguous problems and find solutions - High autonomy, including the ability to prioritize your workload effectively - Relevant quantitative bachelor’s (or higher) degree (Statistics, Mathematics, Engineering, Computer Science, etc.) ## Nice to have, but not mandatory - Experience at a high-growth fintech company or financial services company - Exposure to customer-facing or GTM-facing analytics or fraud issue triaging - Background in identity risk, AML, payments fraud, or compliance analytics - Fluency in AI-assisted data analysis / data science tooling 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 goals💡Plan 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 ## Core Business - **Primary industries**: Financial Services, Payments, Stablecoin Infrastructure - **Target customers**: B2B – enterprises, fintechs, platforms, and institutions needing compliant card programs and cross-border payment rails - **Mission**: Build the infrastructure that turns stablecoins into usable financial products, enabling tokenized money to move at internet speed while delivering familiar user experiences ## Products & Services - **Cards**: Launch prepaid or credit card programs (virtual and physical) powered by stablecoin infrastructure, accepted at 175M+ merchant locations worldwide. Includes scoped virtual cards for agentic payments. - **Wallets**: Store stablecoins with flexible, secure setups; offer branded wallet-in-a-box for digital dollar access in underbanked regions. - **Money Movement**: Send and receive fiat and stablecoin payments globally, with daily onchain settlement to card networks. - **Accounts**: Virtual accounts with static routing details to send and receive funds. - **Onramps/Offramps**: Convert fiat into stablecoins and stablecoins into local currency. - **Rewards**: Card-native rewards programs that drive usage and revenue. - **Agent Control Layer**: Guardrails for controlled agentic payments, allowing agents to spend and move money safely. ## Market Standing - **Valuation**: $1.95 billion (as of Series C, January 2026) - **Key Metric**: Total funding of $338M+ (Series C: $250M led by ICONIQ Capital, January 2026) - **Notable Investors/Partners**: ICONIQ Capital, Lightspeed Venture Partners, Norwest Venture Partners, Sapphire Ventures, Dragonfly, Galaxy, Khosla Ventures, Coinbase Ventures, Circle Ventures, Uniswap, FirstMark, Vinyl, Thayer, BDMI, CompoSecure, Canonical Crypto, Hard Yaka, Samsung Next, Goldcrest Capital, Endeavor Catalyst, Mischief. Mastercard Principal Member and Visa Principal Member. - **Growth Signals**: 107 employees (+421% YoY); operates in 12 countries; trusted by hundreds of partners moving billions in transaction volume annually; became a Mastercard Principal Member in 2026; launched Agent Control Layer. ## Competitive Advantages - **Stablecoin-native by design**: Built from the ground up for onchain money movement, not legacy rails with crypto added later. - **Daily onchain settlement**: Settles card transactions with networks daily using stablecoins, improving capital efficiency and speed. - **Principal membership with Visa and Mastercard**: Direct issuing without intermediaries, enabling global acceptance and compliance. - **Unified API**: Combines accounts, cards, ramps, rewards, and money movement in one platform, reducing vendor fragmentation. - **Full-stack compliance**: Compliance, risk, and program operations built into the platform with hands-on support from design through launch. ## Strategic Focus - **Geographic expansion**: Scaling stablecoin payment infrastructure to APAC and beyond, with existing presence in US, LATAM, EU, and EMEA. - **Agentic payments**: Enabling controlled, autonomous spending through the Agent Control Layer for AI agents and automated workflows. - **Deepening enterprise adoption**: Winning large institutions and platforms by offering a complete, compliant stablecoin payments stack. - **Growing card programs**: Expanding prepaid and credit card issuance for global HNWIs, cross-border B2B payments, and branded wallet-in-a-box solutions. ## Why Work Here - **Culture**: “Rainmakers” are described as bold builders shaping how money moves for the next generation. Emphasis on high performance, intentional investment in team, and long-term mindset. - **Work model**: Hybrid setup with a Flatiron office (NYC) for local teammates; flexible remote options for other locations. - **Perks**: Equity ownership for every team member; $1,000 home office stipend; $350/month wellness support (fitness, therapy, personal well-being); 95% of medical, dental, and vision premiums covered; unlimited PTO; 401(k) with matching; regular team events, offsites, and dinners. - **Engineering culture**: Strong technical team (33% of staff in technical roles), modern stack (EVM, fullstack, Android), and opportunities to work on cutting-edge stablecoin infrastructure. ## Sources 1. [rain.xyz/careers](https://www.rain.xyz/careers) 2. [rain.xyz/](https://www.rain.xyz/) 3. [rain.xyz/about-us](https://www.rain.xyz/about-us) 4. [linkedin.com/company/rainxyz](https://www.linkedin.com/company/rainxyz) 5. [rain.xyz/media-kit](https://www.rain.xyz/media-kit) ## Other roles at Rain - [Security Engineer - AppSec](https://feeny.ai/job/security-engineer-appsec-rain-remote-scy9bdx23480) - [Senior Product Manager - Agentic Payments](https://feeny.ai/job/senior-product-manager-agentic-payments-rain-new-york-v5r9ctefncgx) — New York, NY - [Senior Product Manager - Compliance](https://feeny.ai/job/senior-product-manager-compliance-rain-new-york-4xbq7mn0yzgt) — New York, NY - [Market Expansion Manager](https://feeny.ai/job/market-expansion-manager-rain-new-york-e1szc73gten3) — New York, NY - [Financial Partnerships Manager](https://feeny.ai/job/financial-partnerships-manager-rain-new-york-0wp2mywp5y8n) — New York, NY - [Site Reliability Engineer](https://feeny.ai/job/site-reliability-engineer-rain-remote-0qhjgng5w2sj) - [Compliance Associate - Bank Sponsorship & Product Expansion](https://feeny.ai/job/compliance-associate-bank-sponsorship-product-expansion-rain-new-york-8aq48vxjvpwb) — New York, NY - [Senior Accountant](https://feeny.ai/job/senior-accountant-rain-new-york-gn4jn4ngnszy) — New York, NY - [Director of Business Development & Strategy, Branded Payments](https://feeny.ai/job/director-of-business-development-strategy-branded-payments-rain-new-york-3293brz05fbg) — New York, NY - [Software Engineer - Wallets](https://feeny.ai/job/software-engineer-wallets-rain-remote-xpj24q4esfvp)