NSB Appoints Dawn Mugford as Senior VP, Risk
NORWAY—Norway Savings Bank is pleased to announce the appointment of Dawn Mugford (pictured below) as Senior Vice President, Risk. Most recently, Mugford served as Executive Vice President, Chief Risk Officer at Rockland Trust Bank, based in Rockland, Massachusetts.
“In her career, Dawn has been responsible for the enterprise-wide monitoring, controls, measurement, and reporting of all major risk types as well as expanding on risk management infrastructure to help maintain and grow customer confidence. We’re excited to add an experienced risk professional to our NSB Team and a person who will be a great fit for our achievement and support culture,” said Dan Walsh, President and CEO of Norway Savings Bank.
Mugford brings more than 20 years of expertise in risk management, audit, and quality assurance in the financial sector. In addition to her service at Rockland Trust Bank, she was the Senior Vice President and Director of Operational Risk Management and Corporate Securities/Investigations at Eastern Bank in Boston, Massachusetts. She also worked in the areas of risk, audit, and due diligence for TD in both Canada and the U.S.
“Risk Management is always different and interesting,” she said. “It’s trying to figure out what could possibly go wrong and then be prepared in the best way possible for it. It’s also about figuring out how to navigate activities to support our customers and strengthen the Bank but still be within our risk appetite,” said Mugford. “Over the years, I’ve heard about Norway Savings Bank’s great culture and reputation in the financial industry, and I’m thrilled to join the team and do what I can to support and enhance that culture.”
Mugford earned her Bachelor of Business Administration from the esteemed Wilfrid Laurier University, a top-rated Canadian business school, and was recently recognized as one of the “Top 50 Women Chief Risk Officers of 2024” by Women We Admire. She has volunteered with a number of organizations, including the American Red Cross, United Way, Junior Achievement, the Maine Cancer Society, Park Run, and DOVE, an organization committed to ending domestic violence.
The Gorham resident was born near Manchester, England, and moved to Canada as a youth. She is also an active athlete, participating in several Tri-For-A-Cure races, a 70.3 Ironman, the Pan-Mass Challenge, ultramarathons, and successfully hiking Mount Kilimanjaro in Tanzania.
Looking to make a great career move as 2025 begins? Join a positive, team-based culture that will utilize your unique gifts to help you achieve great things! NSB is currently seeking motivated individuals for a number of exciting and dynamic roles! Come take a look: www.norwaysavings.bank/get-to-know-us/careers.
