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Risk Manager Jobs in Rhode Island (NOW HIRING)

BankNewport

Enterprise Risk Manager

Middletown, RI · On-site

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 ...

BankNewport

Enterprise Risk Manager

Middletown, RI · On-site

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 ...

BankNewport

Enterprise Risk Manager

Middletown, RI

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 ...

Citizens

First Line Risk Manager

Johnston, RI · On-site

As the First Line Risk Manager , you will serve as the primary execution lead for risk and control activities across assigned products, processes, and services. You will be responsible for executing ...

Citizens

Senior Risk Manager: Payments

Johnston, RI · On-site

$117K - $153K/yr

Role Summary As a First Line Risk Senior Manager supporting the Treasury and Wholesale Payments division in Commercial Banking, you will represent the First Line of Defense and identify and mitigate ...

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Risk Manager information

See Rhode Island salary details

$50.4K

$109.2K

$166.5K

How much do risk manager jobs pay per year?

As of Aug 24, 2026, the average yearly pay for risk manager in Rhode Island is $109,248.00, according to ZipRecruiter salary data. Most workers in this role earn between $88,100.00 and $126,300.00 per year, depending on experience, location, and employer.

What does a risk manager do?

A Risk Manager is responsible for identifying, assessing, and prioritizing risks that could impact an organization's financial performance, reputation, or operations. They develop strategies and policies to minimize potential losses and ensure compliance with relevant regulations. Risk Managers work across various departments to implement risk mitigation plans and regularly review their effectiveness. Their goal is to help the organization avoid or manage threats while maximizing opportunities.

What are the key skills and qualifications needed to thrive as a risk manager, and why are they important?

To thrive as a Risk Manager, you need expertise in risk assessment, analytical thinking, and a relevant degree such as in finance, business, or risk management, often supported by certifications like CRM or FRM. Familiarity with risk management software, data analysis tools, and compliance systems is typically required. Strong communication, problem-solving skills, and attention to detail help Risk Managers effectively collaborate with stakeholders and navigate complex scenarios. These competencies are crucial for identifying, evaluating, and mitigating organizational risks to safeguard assets and ensure regulatory compliance.

How does a risk manager typically collaborate with other departments to identify and mitigate risks?

Risk Managers frequently work cross-functionally with departments such as finance, operations, legal, and IT to identify potential risks and develop mitigation strategies. Regular meetings, risk assessment workshops, and communication channels are established to ensure that all relevant parties are aware of emerging risks and compliance requirements. This collaborative approach helps foster a risk-aware culture across the organization and ensures that risk mitigation plans are practical and aligned with business objectives.

What is the difference between Risk Manager vs Risk Analyst?

AspectRisk Manager

Required CredentialsTypically requires a bachelor’s degree in finance, business, or related field; certifications like CRM or FRM are common.
Work EnvironmentLeads risk assessment strategies, collaborates with senior management, and oversees risk mitigation efforts.
Employer & Industry UsageEmployed across finance, insurance, and corporate sectors to manage organizational risk.

Risk Managers focus on developing and implementing risk management strategies, overseeing risk policies, and making high-level decisions. In contrast, Risk Analysts primarily analyze data to identify potential risks and support Risk Managers in decision-making. Both roles require similar credentials but differ in scope and responsibility within organizations.

Do risk managers make good money?

Risk managers typically earn competitive salaries that vary based on experience, industry, and location. According to industry data, median annual pay ranges from $70,000 to over $120,000, with higher earnings possible for those with certifications like FRM or CRM and advanced skills in data analysis and risk assessment.

Is risk manager a hard job?

A risk manager's job involves identifying, analyzing, and mitigating potential risks to an organization, which can be challenging due to the need for strong analytical skills, attention to detail, and decision-making under pressure. The role often requires knowledge of industry regulations, risk assessment tools, and sometimes certifications like FRM or CRM, making it demanding but manageable with proper training and experience.
More about Risk Manager jobs

What are popular job titles related to Risk Manager jobs in Rhode Island?

For Risk Manager jobs in Rhode Island, the most frequently searched job titles are:

What job categories do people searching Risk Manager jobs in Rhode Island look for?

The top searched job categories for Risk Manager jobs in Rhode Island are:

What cities in Rhode Island are hiring for Risk Manager jobs?

Cities in Rhode Island with the most Risk Manager job openings:

Risk Manager jobs near you
Infographic showing various Risk Manager job openings in Rhode Island as of August 2026, with employment types broken down into 100% Full Time. Highlights an 67% In-person, and 33% Remote job distribution, with an average salary of $109,248 per year, or $52.5 per hour.

Enterprise Risk Manager

BankNewport

Middletown, RI • On-site

Other

Re-posted 3 days ago

Job description

Overview
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.
Responsibilities
  • Risk Identification & Assessment:
    • 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.
  • Strategy Development & Implementation:
    • 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.
  • Risk Monitoring & Reporting:
    • 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.
  • Regulatory Oversight:
    • 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.
  • Process Improvement & Best Practices:
    • Continually identify and endorse enhancements to risk management processes, adopting industry best practices to improve the organization's risk identification, assessment, and response capabilities.
  • Stakeholder Engagement & Education:
    • 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.
  • Cross-functional Collaboration:
    • 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.
  • Technology & Data Analysis:
    • 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.

Qualifications
  • Bachelor's degree in finance, Business Administration, Risk Management, or a related field.
  • Professional certifications (e.g., CRMA, FRM) preferred.
  • 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.

Any physical demands or work conditions described below are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable Accommodation may be made to enable individuals with disabilities to perform the essential functions. Employees need to have the ability to:
  • 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 0perate 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.
  • Meet the hybrid work schedule requirements for physically working in the office during normal business hours on Mondays and Wednesdays and another day of choice to effectively meet business needs.
  • Move office items weighing up to 35 pounds.
  • Work in an environment with low to moderate noise levels.

SUPERVISORY SCOPE:
While the Enterprise Risk Manager doesn't have direct managerial responsibilities, they play a pivotal role in interfacing with various departments, providing insights, and guiding them on compliance matters.
INDEPENDENT ACTION:
While largely self-directed, the Enterprise Risk Manager exhibits judgement in seeking external guidance or collaboration when confronted with multifaceted or nuanced situations.
BankNewport is committed to a policy of Equal Employment Opportunity and will not discriminate against an applicant or employee on the basis of race, color, religion, creed, national origin or ancestry, sex, age, physical or mental disability, veteran or military status, genetic information, sexual orientation, gender identity or expression, pregnancy, childbirth or related medical conditions, military service, marital status, or any other legally recognized protected basis under federal, state or local laws, regulations or ordinances.

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