Enterprise Risk Manager

BankNewport•Middletown, RI

1d•Hybrid

About The Position

BankNewport is at the forefront of managing the multifaceted risks facing financial institutions. The Bank’s commitment to excellence requires that an adept Enterprise Risk Manager be in place as to identify, evaluate and report on enterprise risks, as well as develop and implement strategic mitigation plans to safeguard the Bank’s operations and ensure a competitive edge.

Requirements

Bachelor’s degree in finance, Business Administration, Risk Management, or a related field.
Minimum 5 years of experience in enterprise risk management, audit, or a related field.
Demonstrated analytical skills, capable of interpreting complex data to derive insights.
Strong communication abilities, adept at simplifying complex information for diverse audiences.
Effective multitasking and project management skills, thriving in fast-paced environments.
Familiarity with risk management frameworks, regulatory standards, and compliance requirements.
Proficiency in risk management software and the Microsoft Office Suite.
Travel independently to the position’s primary work location, other bank properties and work-related activities or events at locations outside the Bank.
Effectively communicate and exchange accurate information and ideas so others will understand.
Independently Operate a computer and other office machinery, such as a calculator, copy machine, printer and software programs related to the position needed to complete the primary functions.
Sit or stand at a workspace and use a computer or other equipment for prolonged periods of time.
Move office items weighing up to 35 pounds.

Nice To Haves

Professional certifications (e.g., CRMA, FRM) preferred.

Responsibilities

Conduct proactive identification, evaluation, and documentation of enterprise risk, including operational, financial, reputational, strategic, cyber, information security, IT, and regulatory-related risks that may hinder the Bank’s objectives.
Utilize diverse assessment methodologies to quantify risk magnitude and anticipate potential impacts, aiming for a comprehensive understanding of risk scenarios’ likelihood and consequences.
Provide ongoing operational risk consultation to partners to influence process changes and management support with balanced and effective solutions.
Responsible for oversight of the Bank’s enterprise risk management program.
Collaborate with departmental leaders to devise and refine effective risk mitigation strategies, ensuring their integration within broader business planning and operations. Align these strategies with the company’s strategic ambitions, enhancing resilience against identified risks.
Implement and manage a rigorous framework for continuous risk monitoring and reporting.
Produce detailed reports summarizing findings, analyses, and recommendations, equipping senior management and stakeholders with actionable insights for informed decision-making.
Facilitate the ongoing tracking of risk trends.
Create an acceptance of risk and exception to policy process in accordance with industry and regulatory expectations and governance. Ensure all acceptance of risks and exceptions to policy have appropriate governance oversight.
Identify, monitor, maintain and refresh key risk indicators and KRI dashboards for the Bank.
Prepare, test, and distribute KRI reporting on at least a quarterly basis.
Report to the Bank’s enterprise risk management Committee and the enterprise risk management committee of the Board.
Oversee compliance with pertinent laws, regulations, and industry norms, pinpointing any compliance or regulatory risks.
Stay updated on regulatory changes and industry issues impacting risk exposure and recommend program, policy or procedural adjustments to mitigate the same while supporting strategic aims.
Continually identify and endorse enhancements to risk management processes, adopting industry best practices to improve the organization’s risk identification, assessment, and response capabilities.
Promote a risk-aware culture across the organization through stakeholder engagement and tailored risk management training.
Ensure various business areas understand their roles and responsibilities in managing risk.
Facilitate cross-departmental cooperation, ensuring a cohesive approach to risk management.
Contribute risk management insights to strategic projects, integrating risk considerations into broader decision-making processes.
Utilize risk management software and data analysis tools to boost risk assessment accuracy and efficiency.
Maintain risk indicators and dashboards for real-time risk profile monitoring, supporting proactive risk management strategies.