WSFS Bank announced Chief Auditor Christine Davis has been promoted to executive vice president, chief risk officer.

Davis, who has been with the company for nearly 23 years, will report to Chairman, President and Chief Executve Rodger Levenson.

In her new role, Davis will lead all risk management functions including credit administration, credit risk management, enterprise risk management, real estate services, asset recovery, legal, internal audit, loan review, and regulatory compliance.

Davis assumes the post following Michael Reed’s decision to return to his previous role as partner in the financial services and corporate groups at Covington & Burling.

As chief auditor, Davis directed and oversaw the development and implementation of an internal audit program throughout the organization, including its subsidiary companies.

John Kveragas Jr., who has more than 20 years of auditing experience, will assume the role of senior vice president, chief auditor. He most recently served as the chief audit officer for Bryn Mawr Trust.