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Full-Time

Sr. Risk Strategist

Confirmed live in the last 24 hours

Lithic

Lithic

51-200 employees

Platform for creating and managing card products

Data & Analytics
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. The platform allows companies to issue both virtual and physical cards, manage digital wallets, handle disputes, and set dynamic spending controls. Lithic operates with direct card network integrations and a native core system, which simplifies the implementation process and reduces the need for third-party services. This approach gives businesses more control over their banking relationships and financial operations as they grow. Lithic also offers a PCI-compliant solution to safeguard customer data and flexible KYC and KYB modules that can be easily integrated into existing systems. The company generates revenue by charging businesses for its services, likely based on the volume of cards issued and transactions processed. Lithic's goal is to empower businesses with the tools they need to efficiently manage their card programs and financial services.

Company Stage

Series C

Total Funding

$116.6M

Headquarters

New York City, New York

Founded

2014

Growth & Insights
Headcount

6 month growth

6%

1 year growth

9%

2 year growth

-16%
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Simplify's Take

What believers are saying

  • Being named to the 2024 Fintech Innovation 50 highlights Lithic's industry recognition and potential for growth.
  • The launch of new tools like the Settlement API and Network Risk Scores demonstrates Lithic's commitment to innovation and improving customer experience.
  • Lithic's continuous product updates, such as the Go client library and OpenAPI 3.0 definitions, make it easier for developers to build and integrate card products, fostering a supportive ecosystem.

What critics are saying

  • The fintech sector's volatility and potential for economic downturns could impact Lithic's long-term sustainability.
  • The crowded market of card issuance and management platforms requires Lithic to continuously innovate to maintain its competitive edge.

What makes Lithic unique

  • Lithic's direct card network integrations and native core system reduce reliance on third-party providers, offering improved economics and faster implementations.
  • The company's comprehensive platform includes virtual and physical card issuance, digital wallet control, and dynamic spend controls, setting it apart from competitors with more limited offerings.
  • Lithic's PCI-compliant iFrame solution and flexible KYC/KYB modules provide enhanced security and compliance, which are critical in the financial services sector.