Our mission is to make payments safer and easier for everyone. We started with a consumer product (privacy.com) that helps people spend more safely using virtual payment cards. Then we launched a simple, modern API to make our payment and card issuing infrastructure available to other startups, fintechs, and brands. Today, that infrastructure is known as Lithic, and it powers billions of dollars in payments for some of the most innovative companies in the world.
Lithic is a remote-first company and has a distributed team with an office in New York. That means that if you want to work remotely, you can! If you want to drop by the office or work fully in-person, you can do that, too! We’ve raised $100M+ from top-tier investors including Index, Bessemer, Stripes, and Tusk Venture Partners, with a recent Series C that will help us scale.
We’re hiring a Compliance Testing Analyst to help build and scale our compliance testing function. This is a high impact role, with opportunities to brief senior management and shape the direction of the testing program. This person will detect and mitigate compliance, regulatory, and reputational risks. As part of the Compliance Oversight and Control function and second line of defense, you will refine the process; conduct testing; perform surveillance and monitor for regulatory risks to assess compliance with regulations. We are looking for a self-starter who enjoys investigative work. Candidates with regulatory compliance experience and knowledge of UDAAP, Reg E will have an advantage.
Job responsibilities:
- Propose methods of testing and create testing work papers
- Ensure our company’s testing methodologies comply with required guidelines and regulations throughout the entire testing cycle
- Execute plans discussed and agreed with a team lead, gather data, perform analyses and submit testing reports to management
- Identify potential compliance and reputational risks, and effectively escalate to appropriate supervisor
- Work with management on defining remediation action plans
- Manage testing schedules to ensure all tasks and reporting are completed within established timeframes
- Identify deficiencies in our compliance management system (CMS) and assess any operational risks
- Support internal and external compliance audits as needed
- Help compliance management establish and maintain a company-wide compliance program and organize training sessions for customers
- Execute multiple projects at the same time and meet tight deadlines
Qualifications:
- Strong quality, delivery, and customer service orientation
- A high level of urgency. Ability to work efficiently and independently in a constantly changing environment
- Capacity to think creatively and proactively in analyzing and solving problems
- Strong organizational skills with a keen attention to detail
- Prior experience in audit, compliance, regulatory, risk management functions
- Experience in the financial services industry
- Experience with regulatory examination will be considered a plus
- In-depth knowledge of industry-relevant regulations and state and federal laws (e.g., UDAAP, Reg E, Reg Z, AML/BSA)
- Excellent analytical, reporting, problem-solving, written communication and time management skills
Salary: $14,000 - $16,000 USD
Benefits:
- Health, vision, and dental insurance
- Unlimited PTO
- 401(k) match
- Life Insurance and AD&D policy
- 3% cashback on all Privacy purchases
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