Compliance Officer – Wealth
WSFS Bank
full-time
Posted on:
Location Type: Office
Location: Wilmington • Pennsylvania • United States
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Salary
💰 $92,869 - $152,569 per year
About the role
- Provide independent oversight and effective challenge to first line Wealth risk management activities
- Assess whether first line compliance controls are adequately designed, implemented, and operating effectively across Wealth lines of business
- Ensure alignment with enterprise risk appetite, regulatory expectations, and the three lines of defense model
- Serve as an independent control function—not responsible for business execution or operational ownership
- Interpret and apply federal and state regulatory requirements (e.g., OCC, SEC, FRB, state regulators, Investment Company Act of 1940, securities laws, fiduciary standards, OCC’s RNDIP requirements)
- Provide clear, practical guidance to first line leaders on compliance risk, control design, and regulatory expectations
- Advise on new and changed products, services, processes, marketing, disclosures, and client communications from a risk compliance perspective
- Translate regulatory complexity into business-relevant, risk-based guidance
- Lead or support the annual compliance risk assessment for Wealth Division
- Evaluate inherent risk, control effectiveness, and residual risk
- Maintain oversight of the compliance obligation inventory and associated control mapping
- Define and monitor key risk indicators (KRIs) and compliance metrics
- Provide second line oversight of issue identification, root cause analysis, remediation planning, and sustainability
- Challenge remediation plans and validate adequacy of corrective actions
- Strengthen issue self-identification, reduce overdue issues, and improve remediation discipline
- Oversee regulatory issues, MRAs, audit findings, and compliance matters impacting Wealth
- Oversee first line monitoring, QA, and control testing frameworks
- Review results, identify trends, and escalate systemic risks
- Conduct targeted second line reviews and surveillance as needed
- Ensure alignment between compliance monitoring, audit outcomes, and risk assessments
- Support and participate in regulatory examinations, audits, and inquiries
- Review first line materials for regulatory readiness
- Provide independent compliance perspective in supervisory interactions
- Manage regulatory response coordination for Wealth-related matters
- Review and maintain compliance policies, standards, and guidance applicable to Wealth
- Support training development to strengthen first line risk ownership and compliance capability
- Act as a subject matter expert across Wealth compliance domains
- Support the Risk Management Strategic Plan, including three lines of defense maturity, compliance built-in mindset, risk ownership in the first line, and integrated risk governance
- Represent Compliance in enterprise forums, working groups, and committees
- Support compliance technology initiatives and GRC platform evolution
Requirements
- Bachelor’s degree or equivalent experience
- 5+ years experience in compliance, risk management, audit, or regulatory oversight
- Strong knowledge of wealth management, trust, investment, fiduciary, and advisory-related activities
- Experience in second line oversight, compliance advisory, or risk governance
- Ability to provide effective challenge and independent judgment
- Strong regulatory interpretation and analytical skills
- Excellent written and verbal communication
- Experience interacting with regulators and auditors
- Experience in an integrated wealth business (bank subsidiary, trust, RNDIP, investment advisory) preferred
- Knowledge of SEC, RIA, fiduciary, and RNDIP regulatory frameworks preferred
- Experience with compliance risk assessments and issue management preferred
- Professional certifications: CRCM, CIA, CFSA preferred
- Experience with GRC platforms, risk systems, and compliance analytics tools preferred
Benefits
- medical, dental, and vision coverage
- a 401(k) plan
- life, accident, and disability insurance
- flexible spending accounts (FSAs)
- 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
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills & Tools
compliance risk assessmentsregulatory interpretationrisk managementauditregulatory oversightcontrol designissue managementrisk governancecompliance metricskey risk indicators
Soft Skills
independent judgmenteffective challengeanalytical skillswritten communicationverbal communication
Certifications
CRCMCIACFSA