Compliance Officer
Compliance Officer
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$ 75502 - 124039
1 Vacancy
Job Description
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 regions 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 its our mission and our purpose.
The Compliance Officer is responsible for operational support duties of the Compliance Department. This roles primary function is to execute assigned compliance monitoring and testing in accordance with WSFS Banks 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 Banks 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 Banks culture of compliance.
- Document and track findings and recommendations using the Banks 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 Bachelors 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.
- Must have knowledge of the alphabet of consumer protection deposit and lending laws and regulations (e.g. Truth in Savings Electronic Fund Transfer Act Unfair Deceptive or Abusive Acts or Practices Fair Credit Reporting Act Equal Credit Opportunity Act Home Mortgage Disclosure Act etc.)
- Must have the ability to plan and execute multiple regulatory compliance tests (under minimal supervision) at the same time and meet deadlines.
- Ability to build and maintain effective relationships with both internal and external partners as needed to effectively address issues and obstacles.
- Must have excellent analytical skills and the ability to document and organize information in a repeatable manner.
- Ability to interpret and use data to critically review assess and support the department and business lines.
- Ability to adapt to change with excellent problem-solving skills.
- Must be comfortable making independent judgements that have significant impact on Associates business lines and/or the organization.
- Must have strong technical aptitude including familiarity with systems and the ability to quickly learn and utilize systems efficiently.
- Must be comfortable with mentoring more Junior Associates.
Salary Range:
$75502.00 - $124039.00Individual base pay may vary on additional factors such as the candidates experience job-related skills relevant education geographic location and other specific business and organizational needs.
In addition to base salary WSFS Financial Corporation (WSFS) and its subsidiaries may offer eligible Associates discretionary and formula-based incentive and retention awards. WSFS provides a competitive benefits package which includes medical dental and vision coverage; a 401(k) plan; life accident and disability insurance; flexible spending accounts (FSAs) and health savings accounts (HSAs); and wellness programs. Additional benefits may include paid parental leave military leave vacation and other paid time off sick leave in accordance with applicable state laws and paid holidays. Benefit offerings are subject to eligibility requirements legal limitations and may vary based on an Associates location and employment status. For more information about Associate benefits please visit 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
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.
Required Experience:
Unclear Seniority
Employment Type
Full-Time
