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| Credit and Payments Risk |
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Sandra C. Krieger (bio)
Executive Vice President |
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The Credit and Payments Risk Group (CPR) leads and coordinates the Bank's assessment of its financial risks, and its payments policy and oversight agenda. The responsibilities of CPR include:
- Evaluation of the credit and market risks arising from the Bank’s extension of intra-day credit, discount window lending, special lending arrangements and foreign and domestic open market trading activity, and implementation of the Board’s payments system risk policies;
- Policy development and oversight for systematically important payment, clearing and settlement activities, including the advancement of interdisciplinary perspectives in the Bank;
- Administrative and project management support, budget preparation and resource coordination for the Subcommittee on Credit Risk Management (SCRM); and
- Oversight of the centralized applications used by the Reserve Banks’ discount window operations and payments system risk policy administration.
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| Financial Risk Management |
- Provides a Bankwide view of financial risk to senior management.
- Conducts risk assessment and analytics to support the Bank's key financial activities. Among them: evaluating the credit risk of the Bank's counterparties; advising on risk-related issues related to lending programs such as the TALF; assessing the risk of financial loss from the Bank's exposure to structured finance assets and reviewing the valuations and models used by outside vendors.
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| Group Support |
- Provides centralized support to CPR in finance, facilities management, administrative support, information management, operational risk, human resource management and internal communications.
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| Payments Policy |
- Leads the coordination of Bankwide policy work and oversight work related to systemically important payment, clearing and settlement activity, with the aim of increasing the resiliency and stability of the financial system.
- Works in partnership with key stakeholders and subject matter experts across the Bank, the Federal Reserve, at domestic and foreign regulatory agencies, and in the private sector to achieve this mission.
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| SCRM Administration Office |
- Provides analytical, project and administrative support for the Subcommittee on Credit Risk Management (SCRM) and the SCRM Committee chair by facilitating a strategic and collaborative approach to the development and accomplishment of SCRM's business objectives.
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| SCRM CRM Technology Support |
- Provides management and oversight for the SCRM consolidated IT application portfolio.
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