Cash Connect Business Unit Risk 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 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 Business Unit Risk Officer for the Cash Connect Division is a dedicated risk leader embedded within the business unit. This role is responsible for promoting a strong risk culture and ensuring risk management practices are effectively integrated throughout their respective business unit(s) operations. This role will serve as a subject matter expert within the respective business unit as well as a point person to the Risk Division (ERM Compliance etc.) and Internal Audit; ensuring timely identification assessment escalation and remediation of all applicable categories of risk (Credit Interest Rate Liquidity Price/Market Operational Compliance Strategic and Reputational risk) and emerging risks as required by applicable Risk Division policies/programs. The incumbent will own the risk management responsibilities and deliverables on behalf of the respective business unit(s) and collaborate with senior leadership to ensure timely and accurate completion of these deliverables. This role is essential for advancing risk-informed decision-making ensuring business initiatives align with the organizations risk appetite fulfilling regulatory and internal expectations.

Job Responsibilities:

• Act as the business unit(s) primary contact for all risk matters and ensure alignment between front-line activities and risk management expectations.
• Build and successfully manage relationships with Cash Connect key stakeholders and senior leadership within the respective business unit(s) to maintain knowledge and awareness of departmental operations risk management developments and new/changes to processes products services and initiatives.
• Periodically meet with business unit ELT and senior leaders to complete and review risk monitoring activities (quarterly risk assessments) and other risk management deliverables as needed.
• Identify and escalate Cash Connect business risk related issues and ensure issues self-identified by others in the business unit(s) are timely properly escalated and reported through the appropriate business unit channels (e.g. self-identification process ERM management committees SOX 302 certifications etc.)
• Identify and escalate control failures breaches or suspicious activity in accordance with established procedures.
• Recommend updates to business policies procedures and/or practices consistent with established or identified risk protocols.
• Support timely remediation and track corrective action plans to closure.
• Develop and manage Cash Connect Key Risk Indicators (KRIs) against established thresholds/risk limits to ensure compliance with risk appetite on a quarterly basis. Investigate threshold breaches and create a formal action plan to remediate breaches.
• Own Risk and Control Self-Assessment (RCSA) process by creating and validating process flow(s) that document the process identifies controls and control gaps. Partner with applicable Cash Connect stakeholder(s) to address issues or recommendations based on RCSA output.
• Proactively identify opportunities to strengthen Cash Connect risk controls and improve operational processes.
• Identify and escalate instances of emerging Cash Connect risks to business unit leadership and ERM partners for consideration and discussion.
• Participate in the annual review/evaluation of risk appetite(s) applicable to the respective Cash Connect business unit(s). Collaborate with senior leadership to ensure the risk appetite(s) accurately reflect the organizations willingness to take on specific risk(s).
• Report monthly Operational Risk Event activity by reviewing provided general ledger activity and engaging Cash Connect stakeholders throughout assigned business unit(s). Document associated lessons learned around circumstances and root cause(s) to ensure events are properly understood and remediate. Provide updates on ongoing remediation efforts.
• Review action plans and remediation evidence for business issues (Audit Regulatory Compliance Cash Connect Compliance Operational or self-identified issues) for adequacy prior to business submission as complete for validation testing.
• Serve as a visible risk leader within the Cash Connect business unit(s) ensuring fellow Associates understand their risk responsibilities and they are completed timely (including Third Party Risk Management Model Risk Management etc. deliverables).
• Promote a culture of risk awareness and compliance within the Cash Connect business unit(s) including ERM and Operational Risk Management (ORM) Cash Connect policies/programs processes and best practices.
• Serve as a formal member of and actively engage in Risk Council meetings with fellow Business Unit Risk Officers and Risk partners.
• Responsible for presentation of KRIs risk assessment summary and associated action plans for remediation to the Management Risk Committee (MRC).

Minimum Qualifications:

• Must have a bachelors degree preferably in a business related field. MBA graduate degree in business or professional certification a plus.
• Must have a minimum 5-7 years of relevant experience in banking and financial services (risk management compliance risk management or internal audit acceptable)
• Proven financial acumen and advanced analytical skills.
• Excellent written and verbal communication skills
• Knowledge and awareness of cash logistics business unit functions key processes systems and products and services
• Knowledge of risk management functions and strategies in a financial services environment.
• Must stay up to date and knowledgeable on ERM and ORM Policy/Program practices and current and emerging internal and external risks to the organization.
• Knowledge of relevant laws and regulations impacting the business unit or industry (e.g. consumer lending financial crime AML/BSA).
• Knowledge of banking products and operations key processes controls and exposure.
• Knowledge and experience working within the three lines of defense risk management framework.
• Ability to think critically/independently and communicate effectively.
• Ability to work with others effectively and collaboratively at all levels in the organization.

Salary Range:

Individual 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.