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Salary: USD 86,000 - 144,000 / annual
Lithic is a modern card issuing and processing platform serving 100+ innovative financial clients. The company powers card programs for fintechs, digital banking platforms, and spend management solutions, backed by investors including Bessemer Venture Partners, Index Ventures, Spark Capital, Stripes, and Mastercard.
You will own Lithic's risk assessment function end to end: client risk assessment, third-party risk management, and enterprise risk assessment. This role executes assessments, manages operations to keep programs on schedule and defensible, and continuously improves the rubrics, questionnaires, registers, and SOPs that govern them. You will also own program underwriting: criteria, limit and reserve recommendations, and periodic reassessment as clients scale.
This is an AI-forward role. Lithic is deploying agentic tooling across diligence and documentation workflows. You will test, tune, and document automation so routine collection, review, and drafting are absorbed by AI, while you own judgment calls, exceptions, and written products delivered to partner banks and examiners.
Key responsibilities include:
- Execute client risk assessments end to end: document collection, interviews, scoring against weighted risk typologies, written assessment, tier determination, and pre-launch conditions
- Own program underwriting: apply and maintain underwriting criteria, recommend spend/transfer/reserve limits, and reassess programs as volume, product mix, and financial condition change
- Run third-party risk operations: vendor intake and tiering, due diligence and certification report review, control effectiveness ratings, vendor risk register, annual reviews, and incident tracking
- Support enterprise risk assessment and risk register: maintain assessment inventory and calendar, collect and test control evidence, apply enterprise rating methodology, and prepare Enterprise Risk Committee materials
- Continuously improve programs: refine rubrics, weights, questionnaires, and templates based on outcomes; author and maintain SOPs
- Test, deploy, and tune agentic tooling across assessment workflows including document review, questionnaire analysis, vendor due diligence, and drafting
- Define and report KPIs and KRIs for assessment programs; surface concentration, trend, and thematic findings to leadership
- Serve as evidence owner for partner bank, audit, and examiner requests
- Mentor and cross-train teammates on assessment methodology, scoring discipline, and tooling
The role operates with limited guidance and is sized for ownership, orchestration, and judgment rather than queue/ticket processing.
REQUIREMENTS:
- Hands-on experience conducting risk assessments in fintech, payments, or banking across client/counterparty, third-party/vendor, and enterprise/operational risk domains
- Working knowledge of underwriting fundamentals: financial statement review, liquidity and runway analysis, loss and exposure monitoring, and limit setting
- Fluency with rubric-based scoring methodologies and discipline to apply them consistently and defend ratings
- Track record of owning discrete risk programs end to end with limited guidance, including authoring SOPs and defining governing metrics
- Ability to read control reports (ISO 27001, SOC 2 Type II, PCI DSS AOC) and translate findings into residual risk position and remediation asks
- Comfort working with AI-assisted or agentic tooling, including how to test, tune, document, and defend AI-assisted decisions to bank partners and regulators
- Self-starter who can create structure where none exists and knows when to escalate and collaborate
- Clear, concise writing under compliance standards: assessments, memos, and committee materials that hold up in front of partner banks or examiners
About Lithic
Fintech — card issuing and payments infrastructure for developers and businesses.
