Full-Time

Sr. Risk Analyst

Posted on 6/27/2024

Lithic

Lithic

51-200 employees

Platform for creating and managing card products

Fintech
Financial Services

Compensation Overview

$120k - $170kAnnually

Mid, Senior

Remote in USA

Category
Risk Management
Finance & Banking
Required Skills
SQL
Looker
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. 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