Enterprise Risk Manager

S&W has been retained by Bank Newport to lead the search for its next Enterprise Risk Manager, a highly visible role at a pivotal time for the organization.

Bank Newport is a $3B mutual bank headquartered in Middletown, Rhode Island, with deep roots dating back to 1819 and a strong presence across the state. Under the leadership of President & CEO Jack Murphy, the Bank has experienced meaningful growth, expanding from approximately $1.8B to $3B in assets while investing in technology, commercial banking, people, systems, and organizational infrastructure. Bank Newport is known for its relationship-driven community banking model, strong commitment to Rhode Island, and award-winning culture, built around its core focus on Community, Customers, and Colleagues.

The Enterprise Risk Manager will report directly to the EVP, Chief Legal and Compliance Officer and oversee the continued development and day-to-day operation of the Bank’s enterprise risk management program. This individual will partner with leaders across the organization to enhance Bank Newport’s risk appetite framework, key risk indicators, risk register, process and control mapping, policy-exception governance, and executive and Board reporting.

The role offers an experienced, hands-on enterprise or operational risk professional the opportunity to take broad ownership of a growing ERM function, work closely with executive leadership and the Board Risk Committee, and help shape the Bank’s risk framework as the organization continues to grow.