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Director of Regulatory Reporting

Company: WSFS Bank
Location: Philadelphia
Posted on: May 29, 2023

Job Description:

Position type: Full-timeLocation: Philadelphia, PA or Wilmington, DESchedule: Monday - FridayHybrid/Onsite -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 Director of Regulatory Reporting is responsible for all regulatory reporting filings as well as various other compliance-related reporting requirements. This position will be a highly visible role within Finance, including leadership of the Company's regulatory reporting process as well as overseeing the enhancement of internal controls over financial reporting. The position will operate in a dynamic, fast-paced, ever-evolving environment and will interact with many Associates and Senior Leaders throughout the organization. -Job Responsibilities (but not limited to):

  • Strategic leader that provides critical regulatory guidance. -
  • Ensures accuracy, efficacy, and timeliness of all external reporting processes, including preparation of Call Reports (OCC), FRY reports (Federal Reserve), and other ad hoc registration statements. -
  • Leverage technology and current best practices to drive innovation in reporting. -
  • Driving strategic direction for the department, including but not limited to process mapping, change management initiatives, and regulatory risks.
  • Driving and maintaining key partnerships with external and internal stakeholders.
  • Maintain a forward-facing focus on identifying and increasing departmental efficiencies
  • Ensure integrity of financial statements, including rigorous balance sheet, income statement, and Bank regulatory capital analysis, as well as the filing of External and Statutory reports with the respective authorities. -
  • Lead the review of filings with external auditors, legal counsel, accounting staff, executive management, and the Board of Directors. -
  • Ensure compliance with established policies and procedures, US GAAP, and regulatory requirements and will work with Internal and External auditors to facilitate reviews and audits. -
  • Communicates with the team regarding new information requests and updates. -
  • Maintain up-to-date U.S. GAAP, statutory, and regulatory (where applicable) knowledge and experience and will provide accounting guidance for the General Accounting function. -Minimum Qualifications: -
    • Must have a bachelor's degree in accounting, finance, or other business discipline, CPA or MBA is preferred.
    • Must have at least 10 years of accounting experience with a focus on regulatory reporting as well as technical research and writing. -
    • 5-7 years of experience leading a team preferred
    • Must have strong accounting skills and knowledge.
    • Must have the ability to successfully work under the pressure of strict deadlines.
    • Must have experience in the preparation of financial statements for a public company.
    • Must have the ability to independently make decisions by use of critical judgment to assess the process and if something is wrong.
    • Must have deep knowledge of Sarbanes Oxley, US GAAP regulation, and statutory regulations.
    • Must have experience in implementing and handling complex US GAAP account matters.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@ Our Mission and Values serve as essential reminders about who we are and how we do business. 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.#LI-Hybrid -

Keywords: WSFS Bank, Philadelphia , Director of Regulatory Reporting, Executive , Philadelphia, Pennsylvania

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