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Photo Release -- Stanford A. Stanford, Sr., Named WSFS Bank’s Chief Compliance Officer
WILMINGTON, Del., Nov. 13, 2019 (GLOBE NEWSWIRE) -- Stanford A. Stanford, Sr., a long-time bank regulatory and compliance expert, has joined WSFS Bank, the
About this update from Wsfs Financial Corporation
[{"type":"text","content":"WILMINGTON, Del., Nov. 13, 2019 (GLOBE NEWSWIRE) -- Stanford A. Stanford, Sr., a long-time bank regulatory and compliance expert, has joined WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), as Senior Vice President and Chief Compliance Officer. Reporting to WSFS Executive Vice President and Chief Risk Officer, Paul Greenplate, Mr. Stanford will lead the design and execution of the Bank’s Compliance Risk Management (CRM) program and related policies and will partner with executive and senior management to ensure the Bank is compliant with banking regulations.\n\n \n \n \n \n \n \n \n \n \n \n \n Stanford A. Stanford, Sr., Named WSFS Bank’s Chief Compliance Officer\n \n \n \n \n \n \n \n \n\n In this role, he will lead the compliance function across all risk areas of the organization, including consumer regulatory compliance, BSA/AML, enterprise governance, risk management, and driving the strategic direction of the Bank’s Compliance team. “By crossing the $10 billion threshold to more than $12 billion in assets following the successful integration of Beneficial Bank, WSFS understandably has a stronger regulatory framework to comply with,” said Mr. Greenplate. “Stanford brings to our Company deep compliance experience and leadership, and his expertise in the federal banking regulatory framework will be a valuable asset as we continue to grow, further develop, and enhance our compliance management systems.” Mr. Stanford joins WSFS with over 30 years of experience building large-scale financial systems, leading teams through complex restructurings, and managing risk, compliance, and regulatory regimes. Most recently, Mr. Stanford served the public’s interest as an Assistant Regional Director at the Consumer Financial Protection Bureau (CFPB) in Washington, DC. Mr. Greenplate added that Mr. Stanford’s CFPB experience will be valuable in his management of an effective compliance program at WSFS, and to ensure the Bank continues to serve its local communities effectively. Mr. Stanford’s experience includes leadership roles at Freddie Mac, Capital One Bank, Royal Strategy Consulting, and Zions Bank. A Commissioned United States Federal Bank Examiner and a Certified Risk and Compliance Management Professional (CRCMP), Mr. Stanford has a Bachelor of Science in Economics from Westminster College, where he als...