Raúl Carrillo is an academic fellow and lecturer in law at Columbia Law School. His research critically analyzes financial regulation, technology, and innovation. His current research topics include digital currency design, bank-fintech partnerships, data brokerage, and the laws combating illicit flows. Carrillo is also an affiliate of the Center for Critical Race + Digital Studies.

Previously, Carrillo worked as the deputy director of the Law and Political Economy (LPE) Project, policy counsel at the Demand Progress Education Fund, a research fellow at the Americans for Financial Reform Education Fund, a staff attorney at New Economy Project, and special counsel to the enforcement director at the Consumer Financial Protection Bureau. He regularly advises public interest groups, government agencies, and congressional offices with respect to developments in the financial technology sector.

He is the chair of the Board of Directors of Public Money Action, an Advisory Council member of Our Money, an executive committee member of the National Jobs For All Network, a board member of the Demand Progress Education Fund, and an advisory board member of the Progressive Talent Pipeline.

Carrillo served as an External Evaluator for the 2023–2025 Just Tech Fellowship.