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Full-Time

Sr. Risk Analyst

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

$120k - $170kAnnually

Mid, Senior

Remote in USA

Category
Risk Management
Finance & Banking
Required Skills
Communications
SQL
Data Analysis
Excel/Numbers/Sheets
Requirements
  • 4-6 years of financial services or financial technology experience, ideally in issuer or processor fraud risk management
  • Excellent analytical thinking and problem solving, with experience leveraging large datasets to complete assessments and decisions. Excellent SQL programming skills and advanced Microsoft Excel skills
  • Experience in creating performance monitoring dashboards using Metabase, Looker, Hex, or a similar business intelligence tool
  • Outstanding communication and influence skills, coupled with the ability to foster collaboration and teamwork
  • 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
  • Foundational knowledge of payment processing, with a strong understanding of fraud and risk industry trends
  • Comfort with ambiguity and working in an unstructured environment
Responsibilities
  • Deep dive into past and ongoing trends and provide data driven insights that identify and predict risky behavior that could result in outsized operational, financial, and reputational risks for Lithic and our customers
  • Identify rule criteria, test and validate rule output, and communicate portfolio and rule performance in a way that influences Lithic’s risk strategy
  • Collaborate with internal partners like Analytics, Product, Engineering, and Compliance Operations to tailor rule, alert, and dashboard creation and refinement techniques to various products, payment methods, and fraud typologies
  • Create dashboards to monitor performance across relevant metrics and create alerts to highlight any anomalies or unusual trends
  • Identify new approaches and data sources that could help us better understand various forms of risk, and partner with our operations, analytics, and product and engineering teams to implement them
  • Build relationships with our customer-facing teams (and occasionally our customers themselves) to best inform our approach to managing risk in a way that enables prudent growth
  • Support risk assessments, audits, and ad-hoc projects as assigned

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.