Fed Names Two New Bank Executives

The Federal Reserve Bank of New York’s Board Of Directors yesterday (July 6) named two new executives to its leadership teams.

Taking over as the Executive Vice President and Chief Risk Officer is Joshua Rosenberg, who will start in the role July 16. He will also serve on the Bank’s Management Committee. His role will entail leading the “implementation and enhancement of the Bank’s risk management framework including its approaches to operational, financial and enterprise risk.”

Rosenberg joined the Fed in 2001, when he was a research economist in the Capital Markets Function, and he later switched to the Risk Group, where he served as the head of risk analytics functions from 2009-2015. Most recently, he became the function head of enterprise risk management for the group. He has also served as an assistant professor of finance at New York University’s Stern School of Business.

“Josh has superb knowledge and expertise in designing the tools and methods that underpin many of the Bank’s key risk management programs. We will be relying on him as we continue to move forward on enhancing our risk management practices,” William C. Dudley, CEO of the New York Fed, said in a news release. 

Also named to a new leadership position yesterday was Helen Mucciolo, who was appointed to be the Bank’s Executive Vice President, Principal Financial Officer and Head of the Corporate Group. Her appointment goes into effect Aug. 1. 

Her role will entail overseeing the “financial management, business continuity, and real estate and general support functions of the Bank.” She joins the position after more than 20 years with the Bank, where she most recently worked in the Fed’s Financial Services Group, managing the Bank’s cash and custody services. She also has experience in the Financial Institutions Supervision Group and also leading the Investment Support Office. Other roles in the Bank include positions in the operational risk department, the subcommittee on credit risk management administration office, markets’ accounting and the discount window.

“Over the years, I have admired Helen’s ability to successfully take on some of the Bank’s biggest challenges. We will benefit from her tremendous experience, skill and commitment to public service,” Dudley said in a news release. 

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