Wealth ERM Risk Analyst

WSFS Bank • Philadelphia, PA

2d

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 Wealth ERM Risk Analyst will support the execution and evolvement of the Company’s Enterprise Risk Management Framework. The incumbent will reside within the WSFS ERM department, with a focus on assisting independent risk management oversight over the WSFS Wealth Division and in accordance with the Company’s broader ERM framework. The primary functions of the ERM program are to ensure an integrated, consistent approach to risk management is in place, provide credible challenge to management’s identification and assessment of risks, and to ultimately report risks across the enterprise to Executive Management and the Board of Directors. This role will maintain strong oversight over the Wealth Division and other areas while supporting special projects.

Requirements

• Must have a Bachelor’s degree in Business Administration, Accounting, or other business-related field.
• Must have a minimum 3-5 years of relevant experience in Wealth Management (e.g., Private Wealth Management, Institutional/Corporate or Personal Trust, Global Capital Markets, etc.) and/or Risk Management.
• Knowledge and awareness of standard Wealth businesses, products and services, etc.
• Must have strong oral and written communication skills and the ability to think critically and independently.
• Must be knowledgeable of relevant risks and laws, rules, and regulations impacting the Wealth business/industry (SEC, FINRA, OCC, etc.).
• WSFS Bank will only consider candidates who are presently authorized to work for any employer in the United States and who will not require work visa sponsorship from WSFS Bank now or in the future in order to retain their authorization to work in the United States.

Nice To Haves

• MBA or graduate degree in business is a plus.
• Preferred experience creating/conducting risk assessments.

Responsibilities

• Collaborate with the Wealth Division to independently track and monitor the function’s risk profile across all categories of risk and in relation to Board approved risk appetite levels.
• Develop and maintain strong working relationships across Wealth, interacting with Senior Management and the Wealth Division- Business Unit Risk Officer.
• Maintain a thorough understanding of the Wealth Division’s entities, products, services, and unique risks.
• Facilitate challenge of Wealth risk ratings and self-assessments to ensure appropriate measurement approach and rationale.
• Review and evaluate new Wealth business initiatives to identify changes to the overall risk profile of the Wealth Division.
• Contribute to the compilation of ERM materials (ERM Dashboard Ratings, Key Risk Indicators, etc.) reported to Executive Management and the Board of Directors (Management Risk Committee and the Board of Directors).
• Stay up to date on emerging risks impacting the overall Wealth industry and WSFS Wealth Division.
• Provide thought leadership regarding all ERM program components; make suggestions to improve, streamline, and automate current practices and processes.
• Participate on special projects related to ERM. Topical areas may include Model Risk Management and Operational Risk Management.
• Collaborate with Operational Risk Management and ERM Associates, as needed, to share Wealth knowledge and insight.

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: 1-10 employees