Machine Learning Engineer - Fraud Risk

Location: New York, NY Workplace: OnSite ABOUT THE COMPANY Rain is the global stablecoin payments platform for enterprises, neobanks, platforms, developers, and AI agents. Our technology allows partners to move, store, and use stablecoins instantly and compliantly through global payment cards, rewards, on/offramps, wallets, and cross-border rails. As both a Visa and Mastercard Principal Member, Rain issues cards that work at more than 175 million merchant locations in over 220 countries and territories. Built natively for stablecoins and trusted by more than 100 organizations worldwide, Rain delivers secure, scalable infrastructure that makes money move freely and instantly around the world. You will have the opportunity to deliver massive impact at a hypergrowth company backed by some of the top investors in fintech, crypto, and SaaS. In January 2026, we closed a $250M Series C led by ICONIQ, valuing Rain at $1.95B, with Sapphire Ventures, Dragonfly, Bessemer Venture Partners, Galaxy Ventures, FirstMark, Lightspeed, Norwest, and Endeavor Catalyst also participating. 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 deliver a low-friction experience. We achieve this by maintaining transaction and lifecycle event monitoring, building alerts to speed fraud detection and response, and creating risk rules and strategies powered by ML models. We are a pillar of the business, supporting new products and ensuring their success. Rain’s next-generation payment technology introduces new fraud vectors that require holistic, end-to-end thinking, strong data fundamentals, and fraud management savvy to combat. WHAT YOU’LL DO - Architect and build scalable ML systems for fraud detection, anomaly detection, and behavioral analysis - Develop and maintain end-to-end ML pipelines: data ingestion, feature engineering, model training, deployment, and continuous monitoring - Design and implement low-latency, real-time decision systems partnering with fraud risk data scientists, integrating with transaction or behavioral data streams - Own ML infrastructure, including model versioning, automated retraining, and safe deployment strategies (e.g., shadow, rollback) - Build robust monitoring and alerting for model performance, latency, data quality, and drift - Lead experimentation on model explainability, drift detection, and adversarial robustness for fraud prevention use cases - Develop tooling and processes to improve the effectiveness and speed of the ML development lifecycle - Partner with platform teams to meet strict SLAs for availability, latency, and accuracy - Collaborate closely with talented engineers, data scientist and compliance teams across Rain - Work in a fast-paced environment on a rapidly growing product suite - Solve complex problems at the intersection of ML systems, data, and reliability WHAT WE'RE LOOKING FOR - 5+ years of experience building ML systems in production; at least 2+ in fraud, risk, or anomaly detection domains - A degree in Computer Science, Engineering, Statistics, Applied Math, or a related technical field - Proven track record designing and maintaining ML models at scale - Advanced proficiency in Python and ML frameworks (e.g., PyTorch, TensorFlow, scikit-learn) - Strong understanding of supervised/unsupervised learning, anomaly detection, and statistical modeling - Ability to work autonomously, manage ambiguity, and collaborate closely with data scientists to translate analytical models into robust fraud prevention systems - Experience developing, validating, and productionalizing predictive real-time and offline fraud detection models using supervised and unsupervised ML techniques - Experience collaborating with cross-functional teams to prioritize, scope, and deploy MLI solutions at scale NICE TO HAVE, BUT NOT MANDATORY - Domain expertise in banking, payments, or transaction monitoring - Experience with graph-based or network-level fraud detection techniques - A graduate degree in Computer Science, Engineering, Statistics, Applied Math, or a related technical field - Experience fine-tuning or adapting generative AI / large language models for pattern generation or synthetic data augmentation (in partnership with data science) - Knowledge of model governance, bias mitigation, and regulatory compliance in fraud contexts 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 – 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.