Risk - FEDERAL RESERVE BANK of NEW YORK

Museum & Tours Regional Economy Data & Statistics Careers Blog Press Center

About the New York Fed
- About the New York Fed
- What We Do
- Governance
- Diversity and Inclusion
- Advisory Groups
- Events
- Vendor Information
- Working within the Federal Reserve System, the New York Fed implements monetary policy, supervises and regulates financial institutions and helps maintain the nation's payment systems.
  
  Introducing the New York Innovation Center: Delivering a central bank innovation execution
  
  Do you have a Freedom of Information request? Learn how to submit it.
  
  See the world's largest accumulation of gold as you learn about the New York Fed and Federal Reserve System on a free tour.
  
  The latest Annual Report chronicles the impact of Federal Reserve policies and includes data on the New York Fed's operations.
Markets & Policy Implementation

Economic Research
- Economic Research
- Data & Indicators
- Publications
- PEOPLE
- Liberty Street Economics Blog
- Our economists engage in scholarly research and policy-oriented analysis on a wide range of important issues.
  
  The mission of the Applied Macroeconomics and Econometrics Center (AMEC) is to provide intellectual leadership in the central banking community in the fields of macro and applied econometrics.
  
  The Center for Microeconomic Data offers wide-ranging data and analysis on the finances and economic expectations of U.S. households.
  
  The monthly Empire State Manufacturing Survey tracks the sentiment of New York State manufacturing executives regarding business conditions.
Financial Institution Supervision
- Financial Institution Supervision
- Supervision & Regulation
  - Circulars
  - Regulations
- Reporting Forms & Instructions
  - Reporting Forms
  - Correspondence
- Bank Applications
- Consumer Protection
  - Community Reinvestment Act Exams
  - Frauds and Scams
- As part of our core mission, we supervise and regulate financial institutions in the Second District. Our primary objective is to maintain a safe and competitive U.S. and global banking system.
  
  The Governance & Culture Reform hub is designed to foster discussion about corporate governance and the reform of culture and behavior in the financial services industry.
  
  Need to file a report with the New York Fed? Here are all of the forms, instructions and other information related to regulatory and statistical reporting in one spot.
  
  The New York Fed works to protect consumers as well as provides information and resources on how to avoid and report specific scams.
Financial Services & Infrastructure
- Financial Services & Infrastructure
- Financial Services & Operations
- Financial Market Infrastructure & Reform
- The Federal Reserve Bank of New York works to promote sound and well-functioning financial systems and markets through its provision of industry and payment services, advancement of infrastructure reform in key markets and training and educational support to international institutions.
  
  The New York Fed provides a wide range of payment services for financial institutions and the U.S. government.
  
  The New York Fed offers the Central Banking Seminar and several specialized courses for central bankers and financial supervisors.
  
  The New York Fed has been working with tri-party repo market participants to make changes to improve the resiliency of the market to financial stress.
Community Development
& Education

Risk

Joshua Rosenberg (bio)
Executive Vice President

View another group:

The Risk Group's mission is to help the Bank achieve its objectives while managing risks within the Bank's risk tolerance. The Group's role is to serve as the Bank's second line of defense to ensure effective risk management. We do this by performing independent assessment and oversight of the Bank's risks. We establish frameworks to improve Bank's risk management processes and practices. The scope of our work includes: The Bank's principal risks: operational risk, financial risk, strategic and reputational risk, and, in collaboration with the Compliance Function, compliance risk The Bank's key enterprise risks: risks that threaten the Bank's ability to achieve its mission Material risks of the Bank's major business areas

Enterprise Risk Oversight
The Enterprise Risk Oversight Function's primary responsibilities are to support the Bank-wide risk framework and the Bank's risk tolerance. They provide Audit and Risk Committee and Risk Subcommittee support and have a point of contact for business areas. Additional responsibilities include: Key enterprise risks Material risks of business areas Strategic and reputational risk Improvement of end-to-end risk management processes

Financial Risk Oversight
The Financial Risk Oversight function is responsible for the financial risk framework. The three teams that comprise FRO in support of that work are: Portfolio risk and valuation Counterparty credit risk oversight Model risk

Group Support Function
Group Support provides centralized support to the Risk Group in Finance, Facilities Management, Administrative Support, Information Management (automation/IT procurement, data management, Wiki configuration, external service provider management, information security liaison, and Risk Analytics support), Operational Risk (business continuity planning, risk event management, data handling, Ethics liaison), HR Management (compensation, recruiting/hiring, training), and Internal Communications.

Operational Risk Oversight
The main responsibilities of the Operational Risk Oversight Function include: Operational risk framework Risk event reporting Risk and control self-assessments Key operational risks