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    Contracts Specialist, Senior - Wilmington, DE, United States - WSFS Bank

    WSFS Bank
    WSFS Bank Wilmington, DE, United States

    2 weeks ago

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    Description
    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 Senior Contracts Specialist will support the Bank with review, redline, and negotiation of contractual documents at WSFS Bank in compliance with the Third-Party Risk Management (TPRM) Program
    The incumbent will assist in the onboarding of vendors and solutions The Bank / Business Lines would like to conduct business with, ensuring all required contractual language is included in each agreement based off the vendor/solutions inherent and criticality risk rating
    The incumbent will meet with the Business Lines and Vendor Relationship Managers (VRM) to obtain a clear understanding of services the vendor will provide to WSFS
    In addition, the Senior Contracts Specialist will negotiate contract terms with vendors based on business needs and legal guidelines assisting business units in determining service-level agreement (SLAs)
    This includes and is not limited to new business, existing business adding additional services, statements of work, termination notices, renewals, addendums, amendments, and regulatory updates/changes
    Multitask contractual reviews and prioritize based on inherent risk criticality rating
    Complete contract checklist on all executed agreements
    Work with Third Party Risk Management Due Diligence Team to ensure due diligence is completed on all vendors/solution prior to contract execution
    Partner with technology, compliance, risk, legal, business lines, etc
    to ensure contractual language is appropriate for relationship
    Create contractual templates for staffing vendors, facility vendors, etc
    Conduct monthly quality control review of contractual documents and contract checklists

    Minimum Qualifications:
    Bachelor's Degree or equivalent combination of education and experience in risk management, regulatory compliance, contract management, and/or other relevant experience
    Experience in negotiating complex and dynamic legal documents is required

    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 .

    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
    At WSFS Bank we empower our Associates to forge the careers of their dreams, we guide our Customers to secure their financial futures, and we actively support our Communities so they can fully thrive
    We know that when we work together and move forward with purpose a brighter path to the future lies ahead for our Associates, our Customers, and the Communities we serve
    WSFS Financial Corporation (WSFS) is a multibillion-dollar financial services company

    As of March 31, 2023, WSFS Financial Corporation had $20.3 billion in assets on its balance sheet and $65.

    6 billion in assets under management and administration
    WSFS operates from 119 offices, 92 of which are banking offices, located in Pennsylvania (61), Delaware (39), New Jersey (17), Virginia (1) and Nevada (1) and provides comprehensive financial services including commercial banking, retail banking, cash management and trust and wealth management
    Other subsidiaries or divisions include Arrow Land Transfer, Bryn Mawr Capital Management, LLC, Bryn Mawr Trust, The Bryn Mawr Trust Company of Delaware, Cash Connect, NewLane Finance, Powdermill Financial Solutions, WSFS Institutional Services, WSFS Mortgage, and WSFS Wealth Investments
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