Compliance Officer

at WSFS Bank in Wilmington, Delaware, United States

Job Description

COMPLIANCE OFFICER

locations Wilmington, DE   

time type Full time  

posted on Posted Yesterday  

job requisition id R-102706

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.

WSFS Bank is inclusive and supportive of individual needs. If you have a physical or other impairment that might require an accommodation, including technical assistance with the WSFS Bank Careers website or submission process, please contact us via email at careers@wsfsbank.com.

WSFS is an equal opportunity employer. We do not discriminate based upon race, religion, color, national origin, gender (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.