Sr Director, Credit Risk

Company Description

Are you ready to trade your job for a journey? Become a FlyMate!

Passion, excitement & global collaboration are all core to what it means to be a FlyMate. At Flywire, we’re on a mission to deliver the world’s most important and complex payments. We use our Flywire Advantage - the combination of our next-gen payments platform, proprietary payment network and vertical specific software, to help our clients get paid, and help their customers pay with ease - no matter where they are in the world.

What more do we need to truly be unstoppable? Perhaps, that is you!

Who we are:
Flywire is a global payments enablement and software company, founded a decade ago to solve high-stakes, high-value payments in education, using modern technology.

Today, we’ve digitized payments for more than 3,300+ global clients across education, healthcare, travel & B2B, covering more than 240 countries and territories and supporting over 140 currencies. And, we’re just getting started!

With over 1000+ global FlyMates, representing more than 40 nationalities, and in 14 offices world-wide, we’re looking for FlyMates to join the next stage of our journey as we continue to grow.

Job Description

What You’ll Do:

Flywire is seeking a strategic and hands-on Head of Credit Risk to build and lead our global credit risk function. This leader will be responsible for developing and executing the company’s credit risk management strategy across a broad spectrum of counterparties—including clients, banking partners, and other critical vendors. The ideal candidate brings strong risk judgment, leadership experience, and a proven ability to influence cross-functional teams while scaling credit processes that protect the company from financial loss and reputational harm, protecting the company’s financial resilience while enabling responsible growth across markets and business lines.

Key Responsibilities

• Client Credit Risk

  • Own and refine the credit policy framework for onboarding and ongoing monitoring of clients, ensuring consistent and scalable risk practices

  • Assess creditworthiness of clients using financial analysis, payment trends, sector data, and behavioral insights

  • Design and oversee automated and manual credit limits, payment terms, and exception processes

  • Partner with Sales, Finance, and Legal to structure deals that appropriately balance risk and growth

  • Monitor concentration risk and exposure by geography, segment, or industry vertical

  • Establish early warning indicators and proactively manage deteriorating credit situations

• Banking Partner & Vendor Credit Risk

  • Lead the credit risk assessment process for current and prospective banking partners, payout processors, FX providers, and other critical vendors

  • Collaborate with Treasury and Compliance to evaluate financial health, operational performance, and counterparty default risk

  • Develop a tiered monitoring approach based on materiality and interdependency of vendor relationships

  • Support contingency planning by flagging systemic exposures and coordinating with BCP/DR teams as needed

• Policy, Governance, and Reporting

  • Act as key voice in Enterprise Risk Committee and senior management risk forums

  • Define credit risk appetite and tolerance thresholds in coordination with executive leadership

  • Identify KPI’s and build reporting infrastructure related to the above responsibilities

  • Deliver regular reporting to executives and the Board on liquidity risk and portfolio credit risk KPIs, concentrations, emerging trends, mitigations

  • Ensure compliance with internal controls, external audit expectations, and applicable global/local financial regulations

• Liquidity & Economic Risk Management

  • Ensure Flywire’s balance sheet is fortified for micro and macro economic impacts; help define and manage interest rate and other financial risks on the balance sheet; recommend and execute strategies to manage such risks

  • Manage statement of cash flows and balance sheet forecasting infrastructure

  • Quantify impact of business strategies, M&A, and shareholder return, and other corporate actions on long term liquidity, financing needs, and credit ratings implications

  • Advise management on optimal capital structure and capital allocation strategies and related financing options

  • Maintain rating agency relationships through internal rating modeling and agency communications

• Leadership & Systems

  • Build and lead a high-performing Credit Risk team, providing coaching, d