Regulatory Compliance Analyst
Job Description
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 Regulatory Compliance Analyst is responsible for operational support duties of the Compliance Department. The incumbent's primary function is to execute assigned compliance monitoring and testing in accordance with WSFS Bank's established procedures and schedule. This position will require collaboration with fellow Compliance and Risk Associates as well as other business lines to ensure that WSFS Bank is compliant with all applicable regulations and laws while still standing by our mission of We Stand for Service.
Job Responsibilities :
• Conduct thorough and timely compliance reviews in accordance with established procedures and prescribed schedule to include scheduling, planning, and facilitating meetings related to assigned monitoring and testing activities (e.g., kickoff, walkthroughs, exist meetings).
• Assess adherence to applicable regulatory obligations, policies, and procedures.
• Perform control testing of policies, procedures, processes; perform transactional testing, as applicable.
• Prepare and submit management reports and dashboards.
• Document and track findings and recommendations using the Bank's governance, risk, and compliance platform.
• Follow up on the status of open corrective action plans and verify that issues identified during tested have been remediated by the first line.
• Engage cross-functionally to cultivate effective business relationships and promote the Bank's culture of compliance.
• Provide support to all areas of the department as directed or where service or assistance is needed.
• Complete annual training assigned, that would be applicable to the role, and participate in any other training opportunities, as assigned, that may arise for opportunity to learn and grow.
• Maintain highly proficient knowledge of all applicable banking laws, rules, and regulations.
• Perform a variety of routine daily tasks; review reports, prepare correspondence; and participate in special department projects.
• Assure compliance with applicable Bank policies, procedures and processes, and all applicable state and federal banking laws, rules, and regulations.
• Provide support to various business lines in the form of providing regulatory guidance when requested.
• Participate in various project teams as the compliance liaison.
• Other duties as assigned.
Minimum Qualifications:
• Must have a Bachelor's degree or 5 years of relevant work-related experience and/or training; or the equivalent combination of education and experience. Work related experience should consist of an in-depth background in financial institution operations, security, compliance, or legal areas involving banking laws, rules, and regulations, investigations or fraud prevention. Educational experience, through in-house training sessions, formal school or financial industry related curriculum, should be applicable to the financial industry, or regulatory or law enforcement agency.
• Professional accreditation such as a Certified Regulatory Compliance Manager (CRCM) or Certified Risk and Compliance Management Professional (CRCMP) is preferred.
• Knowledge of the alphabet of consumer protection deposit and lending laws and regulations (e.g., Truth in Savings, Electronic Fund Transfer Act, Unfair, Deceptive, or Abusive Acts or Practices, Fair Credit Reporting Act, Equal Credit Opportunity Act, Home Mortgage Disclosure Act, etc.)
• Ability to plan and execute multiple regulatory compliance tests (under minimal supervision) at the same time and meet deadlines.
• Ability to build and maintain effective relationships with both internal and external partners as needed to effectively address issues and obstacles.
• Excellent analytical skills and the ability to document and organize information in a repeatable manner.
• Ability to interpret and use data to critically review, assess, and support the department and business lines.
• Ability to adapt to change with excellent problem-solving skills.
• Comfortable making independent judgements that have significant impact on Associates, business lines and/or the organization.
• Strong technical aptitude including familiarity with systems and the ability to quickly learn and utilize systems efficiently.
• Must have excellent listening ability and presentation skills.
• Must be self-motivated and able to work with minimal supervision.
• Strong knowledge of Bank administration, lending and operations products and services; related state and federal laws and regulations, and other Bank operational policies and procedures.
• Effective verbal, written and interpersonal communication skills with the ability to apply common sense to carry out instructions and instruct others, train personnel, write reports, correspondence and procedures, and speak clearly to customers and Associates.
• Good organizational and time management skills.
Salary Range:
$62,918.00 - $103,365.50
Individual base pay may vary on additional factors such as the candidate's experience, job-related skills, relevant education, geographic location, and other specific business and organizational needs.
In addition to base salary, WSFS Financial Corporation (WSFS) and its subsidiaries may offer eligible Associates discretionary and formula-based incentive and retention awards. 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. Benefit offerings are subject to eligibility requirements, legal limitations, and may vary based on an Associate's location and employment status. For more information about Associate benefits, please visit https://www.wsfsbank.com/about/careers/
WSFS Bank is inclusive and supportive of individual needs. If you have a physical or other impairment that might require an accommodation, including technical assistance with the WSFS Bank Careers website or submission process, please contact us via email at careers@wsfsbank.com.
WSFS is an equal opportunity employer. We do not discriminate based upon race, religion, color, national origin, gender (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, age, status as a protected veteran, status as an individual with a disability, or other applicable legally protected characteristics.
