Commercial Division Business Unit Risk Officer

WSFS Bank • Wilmington, DE

1d

About The Position

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 Commercial Division Business Unit Risk Officer position is designed to strengthen our risk culture and embed robust risk management practices across our business unit operations. As a dedicated risk leader, you will serve as the primary point of contact for all risk-related matters within the business unit, partnering closely with senior leadership, Enterprise Risk Management (ERM), Compliance, and Internal Audit teams. This role is critical to advancing risk-informed decision-making, ensuring alignment with our risk appetite, and meeting regulatory and internal expectations.

Requirements

• Bachelor’s degree in a business-related field required; MBA or professional certification preferred.
• 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.

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.

Benefits

• 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 1,001-5,000 employees