Full-Time

Sr. Risk Strategist

Posted on 8/27/2024

Lithic

Lithic

51-200 employees

Platform for creating and managing card products

Fintech
Financial Services

Compensation Overview

$130k - $170kAnnually

Senior, Expert

Remote in USA

Category
Risk Management
Finance & Banking
Required Skills
Communications
Management
SQL
Excel/Numbers/Sheets
Requirements
  • 5+ years of financial services risk management and strategy experience blending analytical, policy, and qualitative assessment work that drives measurable impact to a company’s hero metrics
  • Expert understanding of enterprise and operational risk management principles and practices. Experience running product, program, client, and business risk assessments.
  • Excellent analytical thinking and problem solving, with experience leveraging large datasets to inform assessments and decisions. Excellent SQL programming skills and advanced Google Sheets or Microsoft Excel skills
  • Outstanding communication and influence skills, coupled with the ability to foster collaboration and teamwork. Empathy toward the needs of others, with a track record of building relationships across a variety of levels and roles
  • Self-awareness and humility, with the ability to balance when to think from first principles, when to lean on your experience in approaching a problem, and when to turn to others for help
  • A passion for identifying problems and finding the ideal solution. Automation and optimization are two of your greatest strengths, and you possess strong prioritizing and project management skills
  • The ability to relentlessly prioritize tasks and take ownership with minimal guidance
  • A passion for process improvement and automation
Responsibilities
  • Aid in designing, publishing, and managing Lithic’s risk management strategy and roadmap. Assume responsibility for delivery of OKRs and large, cross-functional risk projects.
  • Anticipate and plan for risks to Lithic and our clients by creating, coordinating, executing, and publishing the output of Enterprise and Third Party Risk Assessments.
  • Create, implement, and drive adoption of continuous improvement frameworks for Risk policies and procedures. Maintain Risk libraries.
  • Set and acquire cross-functional buy-in and prioritization of risk product requirements as part of client product and feature releases.
  • Build relationships with our customer-facing teams (and our customers themselves) to best inform our approach to managing risk in a way that enables prudent growth and embodies Lithic’s Graduation Path ethos.
  • Advise clients on how to manage and mitigate credit, operational, and reputational risks unique to their industry, product, payment channels, and customer segment.
  • Represent Risk during Program Approval Committee, Bank Partner Risk Reviews, and other due diligence engagements.

Lithic provides a platform for businesses to create and manage their own credit, debit, or prepaid card products. Their system allows companies to issue both virtual and physical cards, manage digital wallets, handle disputes, and set dynamic spending controls. By integrating directly with card networks and utilizing a native core system, Lithic minimizes the need for third-party services, making it easier for businesses to implement and scale their card programs. This approach gives clients more control over their banking relationships and financial operations. Lithic also offers a PCI-compliant solution to safeguard customer data and flexible KYC and KYB modules for easy integration. The company aims to streamline card issuance and management for a wide range of clients, from startups to established businesses.

Company Stage

Series C

Total Funding

$158.9M

Headquarters

New York City, New York

Founded

2014

Growth & Insights
Headcount

6 month growth

1%

1 year growth

0%

2 year growth

-2%
Simplify Jobs

Simplify's Take

What believers are saying

  • Increased demand for virtual cards boosts Lithic's customer base.
  • Growing interest in embedded finance aligns with Lithic's platform capabilities.
  • Expansion of digital wallets enhances Lithic's digital wallet control features.

What critics are saying

  • Increased competition could erode Lithic's market share.
  • Changes in network policies may impact Lithic's cost structure.
  • New regulatory requirements could increase operational costs for Lithic.

What makes Lithic unique

  • Lithic offers direct card network integrations, reducing reliance on third-party providers.
  • The company provides a PCI-compliant iFrame solution to protect customer information.
  • Lithic's flexible KYC/KYB modules integrate seamlessly with existing setups.

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Benefits

Health Insurance

Dental Insurance

Vision Insurance

Unlimited Paid Time Off

401(k) Company Match

Life Insurance

Employee Discounts

INACTIVE