Cash Connect Business Unit Risk Officer

Cash Connect Business Unit Risk Officer page is loaded## Cash Connect Business Unit Risk Officer locations:
Newark, DEtime type:
Full time posted on:
Posted 3 Days Agojob requisition :
R-103292
** 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 Business Unit Risk Officer for the Cash Connect Division is a dedicated risk leader embedded within the business unit. This role is responsible for promoting a strong risk culture and ensuring risk management practices are effectively integrated throughout their respective business unit(s) operations. This role will serve as a subject matter expert within the respective business unit as well as a point person to the Risk Division (ERM, Compliance, etc.)

and Internal Audit; ensuring timely identification, assessment, escalation, and remediation of all applicable categories of risk (Credit, Interest Rate, Liquidity, Price/Market, Operational, Compliance, Strategic, and Reputational risk), and emerging risks as required by applicable Risk Division policies/programs. The incumbent will own the risk management responsibilities and deliverables, on behalf of the respective business unit(s) and collaborate with senior leadership to ensure timely and accurate completion of these deliverables.

This role is essential for advancing risk-informed decision-making, ensuring business initiatives align with the organization’s risk appetite, fulfilling regulatory, and internal expectations.

Job Responsibilities **:
*** Act as the business unit(s) primary contact for all risk matters and ensure alignment between front-line activities and risk management expectations.
* Build and successfully manage relationships with Cash Connect key stakeholders and senior leadership within the respective business unit(s) to maintain knowledge and awareness of departmental operations, risk management developments, and new/changes to processes, products, services, and initiatives.
* Periodically meet with business unit ELT and senior leaders to complete and review risk monitoring activities (quarterly risk assessments) and other risk management deliverables as needed.
* Identify and escalate Cash Connect business risk related issues and ensure issues self-identified by others in the business unit(s) are timely, properly escalated and reported through the appropriate business unit channels (e.g. self-identification process, ERM, management committees, SOX 302 certifications, etc.)
* Identify and escalate control failures, breaches or suspicious activity in accordance with established procedures.
* Recommend updates to business policies, procedures and/or practices, consistent with established or identified risk protocols.
* Support timely remediation and track corrective action plans to closure.
* Develop and manage Cash Connect Key Risk Indicators (KRIs) against established thresholds/risk limits to ensure compliance with risk appetite on a quarterly basis. Investigate threshold breaches and create a formal action plan to remediate breaches.
* Own Risk and Control Self-Assessment (RCSA) process by creating and validating process flow(s) that document the process, identifies controls, and control gaps. Partner with applicable Cash Connect stakeholder(s) to address issues or recommendations based on RCSA output.
* Proactively identify opportunities to strengthen Cash Connect risk controls and improve operational processes.
* Identify and escalate instances of emerging Cash Connect risks to business unit leadership and ERM partners for consideration and discussion.
* Participate in the annual review/evaluation of…