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WSFS Bank · 13 hours ago

Commercial Division Business Unit Risk Officer

Wilmington, DE

Full-time

Onsite

Mid, Senior Level

$91K/yr - $149K/yr

7+ years exp

WSFS Bank is a locally headquartered bank and wealth management company dedicated to empowering its associates and supporting communities. The Commercial Division Business Unit Risk Officer will strengthen the risk culture and manage risk-related matters, collaborating with senior leadership and various teams to ensure compliance and effective risk management practices.

BankingFinanceFinancial Services

Responsibilities

Act as the business unit’s primary contact for all risk matters

Build strong relationships with senior leadership and stakeholders to maintain awareness of operations, processes, and emerging risks

Lead quarterly risk assessments and present findings to executive leadership

Identify, assess, and escalate risk issues, control failures, and breaches

Recommend updates to policies and procedures to align with risk protocols

Track and ensure timely remediation of corrective action plans

Develop and manage Key Risk Indicators (KRIs) and investigate threshold breaches

Own the Risk and Control Self-Assessment (RCSA) process and address control gaps

Proactively identify opportunities to strengthen risk controls

Report operational risk events and document lessons learned

Review remediation plans for adequacy prior to validation testing

Serve as a visible risk leader, promoting risk awareness and compliance

Ensure associates understand and fulfill risk responsibilities

Actively participate in Risk Council meetings

Present KRIs, risk assessments, and action plans to the Management Risk Committee

Qualification

Risk managementComplianceInternal auditERM frameworksBanking regulationsAnalytical skillsBanking productsCommunication skillsCollaborative skills

Required

Bachelor's degree in a business-related field required

7–10 years of experience in financial services, with a focus on risk management, compliance, or internal audit

Strong knowledge of ERM and ORM frameworks, banking regulations, and commercial banking operations

Familiarity with laws and regulations such as BSA/AML, OFAC, Regulation B/ECOA, HMDA, CRA

Experience with the three lines of defense risk management model

Must have analytical skills and an eye for detail

Must have strong oral and written communication skills

Ability to work with others effectively and collaboratively at all levels in the organization

Knowledge of and ability to interpret and apply relevant laws and regulations impacting the Commercial Banking Division (e.g., commercial lending, financial crime, AML/BSA, capital markets)

Knowledge of banking products and operations, key processes, controls, and exposure