WSFS Bank announced the appointment of Michael Paul Reed as executive vice president, chief risk officer.

Reporting to WSFS’ CEO, President and Chairman Rodger Levenson, Reed will lead all risk management functions including credit risk management, enterprise risk management, real estate services, asset recovery, legal, internal audit, loan review, and regulatory compliance.

Reed joins WSFS with more than 23 years’ experience providing legal and strategic advice. Most recently, he served as a partner in the financial services and corporate groups at global law firm Covington & Burling.

Former WSFS Chief Risk Officer Paul Greenplate will assume the newly created role of executive vice president, enterprise risk management. In this role, Greenplate will concentrate on the depth and breadth of the enterprise risk program.