Scott Anderson
Director of Risk @Cash Connect
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WORK HISTORY
Director of Risk @Cash Connect
Lead operational, compliance, and financial risk management for WSFS Bank’s national cash logistics division. Responsible for ensuring compliance with the Bank Secrecy Act (BSA) and Anti-Money Laundering (AML) regulations by establishing comprehensive monitoring, analysis, and reporting processes.• Collaborate with executive and senior leadership to ensure adherence to WSFS Enterprise Risk Management standards by proactively identifying emerging risks, developing risk-related benchmarking metrics, aligned with strategic goals. • Strategically plan and implement initiatives that improve efficiency and drive business growth, ensuring compliance with industry best practices and regulatory standards, leveraging extensive experience in banking and cash logistics. • Partner with the finance team to optimize the insurance claims evaluation processes to enhance decision-making, improve efficiency and communication across departments.• Transformed the customer onboarding process by creating procedures to guide the team, reducing onboarding time by 60% while maintaining high-quality standards and improving customer satisfaction.• Recruit, train, and mentor a team to optimize vendor management, streamline contracts initiation and renewal processes, and conduct in-depth analysis of BSA alerts, resulting in improved accuracy and efficiency in division operations.• Identify team members’ strengths and growth opportunities, to foster professional development, individual growth, and enhance operational efficiency.• Create and refine Key Performance Indicator (KPI) and Key Risk Indicator (KRI) metrics to effectively measure performance and identify potential risks.• Key contributor in executing a strategic initiative that increased funds managed by the division from $1 billion to $1.4 billion per month over a six month period.
EDUCATION
Holy Family University
Master of Business Administration (MBA), Business Administration and Management, General
Ursinus College
Bachelor of Arts (BA), Business/Managerial Economics
ABOUT SCOTT ANDERSON
Passionate and dynamic professional with extensive experience in identifying and mitigating organizational risks. Adept at leveraging data analysis and employee insights to drive process improvements and optimize performance. Results-driven operations leader with a proven track record of successfully delivering cross-functional initiatives, fostering collaboration, and improving decision-making processes. Focused on protecting organizations from financial and reputational risks.
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