Compliance Officer

Job Description

At WSFS Bank, we empower our Associates to grow their careers, guide our customers to secure their financial futures, and actively support our Communities so they can fully thrive. Careers with WSFS Bank offer an inclusive and supportive culture, competitive salaries, advancement opportunities, and more. We are the region's locally headquartered bank and wealth management company. We are honored to consistently be named a Top Workplace by our Associates, who make a difference every day for the people, businesses, and Communities we serve. We Stand For Service® is more than part of our name, it’s our mission and our purpose.

The Compliance Officer is responsible for operational support duties of the Compliance Department.  This role’s primary function is to execute assigned compliance monitoring and testing in accordance with WSFS Bank’s established procedures and schedule.  The incumbent will collaborate with fellow Compliance and Risk Associates as well as other business lines to ensure that WSFS Bank is compliant with all applicable regulations and laws.

Job Responsibilities:

• Execute quality assigned regulatory compliance monitoring and testing activities under minimum supervision.
• Obtain information needed for monitoring and testing purposes, develop testing workbooks or scripts, and document all work performed in a detailed manner.
• Assess adherence with applicable regulatory obligations, policies, and procedures. 
• Perform control testing of policies, procedures, processes; perform transactional testing, as applicable.
• Schedule, plan, and facilitate meetings related to assigned monitoring and testing activities (e.g., kickoff, walkthroughs, exist meetings).
• Analyze information/data needed for monitoring and testing purposes, document details of testing performed, identify root causes, and prepare written reports that summarize the scope of each test, findings, and recommendations. 
• Communicate WSFS Bank’s compliance management system framework and Compliance Monitoring and Testing Program requirements to all relevant internal stakeholders.
• Engage cross-functionally to cultivate effective business relationships and promote the Bank’s culture of compliance.
• Document and track findings and recommendations using the Bank’s governance, risk, and compliance platform.
• Follow up on the status of open corrective action plans and verify that issues identified during testing have been remediated by the first line.
• Provide support to all areas of the department as directed or where service or assistance is needed.
• Participate in Financial Industry Groups, as needed, to keep abreast of updates and/or hot topics of regulatory concerns within the industry.
• Complete annual training assigned, that would be applicable to the role, and participate in any other training opportunities, as assigned, that may arise for opportunity to learn and grow.
• Maintain highly proficient knowledge of all applicable banking laws, rules, and regulations.
• Perform a variety of routine daily tasks; reviews reports, prepares correspondence; and participates in special department projects.
• Assure compliance with all Bank policies, procedures and processes, and all applicable state and federal banking laws, rules, and regulations.
• Provide support to various business lines in the form of providing regulatory guidance when requested.
• Participate in various project teams as the compliance liaison.
• Other duties as assigned.

Minimum Qualifications:

• Must have a Bachelor’s degree or 5 years of relevant work-related experience and/or training; or the equivalent combination of education and experience.
• Work related experience should consist of an in-depth background in financial institution operations, security, compliance, or legal areas involving banking laws, rules, and regulations, investigations or fraud prevention. Educational experience, through in-house training sessions, formal school or financial industry related curriculum, should be applicable to the financial industry, or regulatory or law enforcement agency.
• Professional accreditation such as a Certified Regulatory Compliance Manager (CRCM) or Certified Risk and Compliance Management Professional (CRCMP) is preferred.
• Must have excellent listening ability and presentation skills.
• Strong knowledge of Financial Institution compliance regulations.
• Strong knowledge of Bank administration, lending and operations products and services; related state and federal laws and regulations, and other Bank operational policies and procedures.
• Must have effective verbal, written and interpersonal communication skills.
• Must have good organizational and time management skills.
<