Kate McGlinchey has been appointed as the Senior Vice President and Chief Compliance Officer of WSFS Bank, the main subsidiary of WSFS Financial Corporation (Nasdaq: WSFS).
McGlinchey will report to WSFS Executive Vice President and Chief Risk Officer, Christine Davis, and will oversee the development and implementation of the bank’s Compliance Management, Fraud, and Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) programs. Her role encompasses all organizational risk areas, including wealth and consumer regulatory compliance, BSA/AML, enterprise governance, risk management, and guiding the strategic direction of the bank’s compliance team.
“Kate is a seasoned compliance professional with extensive industry experience,” said Davis. “Kate’s expertise will ensure that our commitment to regulatory standards remains strong, enabling continued growth.”
McGlinchey brings over 20 years of experience in financial crimes, risk management, first line of defence governance, regulatory compliance, and fraud risk management. At financial firms like TD, Capital One, ING Direct, and most recently, First Citizens Bank, she held a number of key regulatory and compliance positions.
“I’m thrilled to join WSFS, a financial institution with an enduring legacy and exciting future,” said McGlinchey. “I look forward to continuing to refine and enhance the safeguards required to best serve our clients, communities, and stakeholders.”
The American Bankers Association has awarded McGlinchey the Certified Regulatory Compliance Manager (CRCM) credential. She studied communications and applied technology at Drexel University and obtained a certification in Enterprise Risk Management from Robert H. Smith School of Business at the University of Maryland. Along with her career achievements, McGlinchey is a board member of Communities in Schools of Delaware, a dropout prevention initiative that offers wraparound services to vulnerable students.
About WSFS Financial Corporation
WSFS Financial Corporation is a multibillion-dollar financial services company. Its primary subsidiary, WSFS Bank, is the oldest and largest locally headquartered bank and wealth management franchise in the Greater Philadelphia and Delaware region. As of December 31, 2024, WSFS Financial Corporation had $20.8 billion in assets on its balance sheet and $89.4 billion in assets under management and administration. WSFS operates from 114 offices, 88 of which are banking offices, located in Pennsylvania (57), Delaware (39), New Jersey (14), Florida (2), Nevada (1) and Virginia (1) and provides comprehensive financial services including commercial banking, consumer banking, treasury 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. Serving the Greater Delaware Valley since 1832, WSFS Bank is one of the ten oldest banks in the United States continuously operating under the same name.
