Michael Strine is first vice president at the Federal Reserve Bank of New York, the second ranking officer in the Bank and its chief operating officer, as well as an alternate voting member of the Federal Open Market Committee.
In his new role, Mr. Strine is accountable for driving financial and operational performance against the defined strategy objectives, promoting a strong risk management and control culture and ensuring that the Bank has leadership strength, effective succession planning and a diverse workforce. He leads or serves on key Federal Reserve System committees to govern technology, human resources, enterprise risk management, resources, policies and payments infrastructure.
Prior to being named to his new position, Mr. Strine was executive vice president and head of the Corporate Group. In that role, he oversaw the financial management, business continuity, investment review, real estate, data, procurement and other general support functions of the Bank.
Mr. Strine has extensive experience in senior finance and operational roles in higher education, health care and government. Before joining the Bank in 2013, he served as executive vice president and chief operating officer at the University of Virginia. In that position, his portfolio included finance, operations, compliance and audit, real estate, healthcare, facilities, public safety and emergency preparedness.
Prior to his tenure at University of Virginia, Mr. Strine served as vice president, chief financial officer and treasurer for Johns Hopkins University where he ran the budget and five-year planning process, served as secretary to the Board of Trustees Finance Committee, and oversaw key services such as sponsored research, procurement, risk management, banking and payroll. He also served important inter-entity governance roles that bridged Johns Hopkins University and Johns Hopkins Health Care.
From 2005 to 2008 he served as chief financial officer for New Castle County in Delaware and before that as chief of policy and operations (now called Deputy Secretary) for the State’s Department of Finance where he contributed broadly to fiscal, health and education policy and finance, as well as overseeing key operations.
Mr. Strine earned his doctorate and master's degree from Johns Hopkins University in political science, and completed graduate studies at the University of Delaware in public administration and budgeting. He served on the faculty at the University of Colorado-Boulder, the University of Denver and the University of Delaware. During that time, he was a recognized teacher, published in leading journals and prepared two book-length manuscripts, before moving to translate his academic interests in policy and organizations more directly toward issues of education, health care, jobs, community and public infrastructure.