WSFS Bank · 1 day ago
Wealth Business Unit Risk Officer
Philadelphia, PA
Full-time
Onsite
Senior Level
$91K/yr - $149K/yr
7+ years expWSFS Bank is a locally headquartered bank and wealth management company dedicated to empowering its associates and customers. The Wealth Business Unit Risk Officer is responsible for fostering a strong risk culture, ensuring effective risk management practices, and serving as a subject matter expert within the Wealth Division.
BankingFinanceFinancial Services
Responsibilities
Act as the business unit(s) primary contact for all Wealth Division risk matters and ensure alignment between front-line activities and risk management expectations
Build and successfully manage relationships with Wealth Division 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 Wealth Division ELT and senior leaders to complete and review risk monitoring activities (quarterly risk assessments) and other risk management deliverables as needed
Identify and escalate Wealth Division 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, Wealth Compliance, 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 Wealth Division 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 Wealth Division stakeholder(s) to address issues or recommendations based on RCSA output
Proactively identify opportunities to strengthen Wealth Division risk controls and improve operational processes
Identify and escalate instances of emerging Wealth Division 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 Wealth Division business unit(s). Collaborate with senior leadership to ensure the risk appetite(s) accurately reflect the organization’s willingness to take on specific risk(s)
Report monthly Operational Risk Event activity by reviewing provided general ledger activity and engaging Wealth Division stakeholders throughout assigned Wealth Division 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, Wealth 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 Wealth Division 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 Wealth Division business unit(s) including ERM and Operational Risk Management (ORM) Wealth Division 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)
Qualification
Required
Must have a bachelor's degree, preferably in a business-related field
MBA, graduate degree in business, or professional certification a plus
Must have a minimum 7-10 years of relevant experience in financial services/Wealth (risk management, compliance risk management, or internal audit are acceptable)
Must have analytical skills and an eye for detail
Must have strong oral and written communication skills
Knowledge and awareness of Wealth Division business unit functions, key processes, systems, and products and services
Knowledge of Wealth Division 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 Wealth Division internal and external risks to the organization
Knowledge of relevant laws and regulations impacting the Wealth Division business unit or financial services (e.g., OCC, SEC, State of DE financial crime, AML/BSA)
Knowledge of financial services, 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
Benefits
Medical, dental, and vision coverage
401(k) plan
Life, accident, and disability insurance
Flexible spending accounts (FSAs) and health savings accounts (HSAs)
Wellness programs
Paid parental leave
Military leave
Vacation and other paid time off
Sick leave in accordance with applicable state laws
Paid holidays
Company
WSFS Bank
WSFS Bank is the seventh oldest, continuously-operating bank in the United States.
1001-5000 employees
Funding
Current Stage
Public CompanyTotal Funding
$200M2025-12-09Post Ipo Debt· $200M
1986-12-05IPO
Leadership Team
A
Alyson Beasley Bradley
SVP/Chief Auditor
Brooke Moyer
SVP & Director of Loan Syndications
Recent News
2025-11-05
2025-11-03
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