Sandra C. Krieger is executive vice president and head of the Credit and Payments Risk Group at the Federal Reserve Bank of New York. The Group leads and coordinates the Bank's work on payments policy and financial risk issues, and includes the Financial Risk Management Function, the Administration Office for the Subcommittee on Credit Risk Management, the Credit Risk Management Technology Support Function and the Payments Policy Function. Ms. Krieger also is a member of the Bank's Management Committee.

The Financial Risk Management Function monitors and assesses the Bank’s financial risk exposures arising from extensions of intraday credit, discount window lending, special lending arrangements, and foreign and domestic open market trading activity. The Function also focuses on core activities of administering the Federal Reserve’s Payment System Risk policy. In addition, the Function’s mandate is to measure actual and potential credit exposures across all of the Bank’s financial activity, and facilitate internal discussions around the trade-offs between policy benefits and risk exposure from extending credit.

The Administration Office for the committee on Credit Risk Management (SCRM) provides administrative, project management, budget, resource coordination and IT support to the SCRM community. (SCRM is a committee of the Credit Risk Management leaders at the Reserve Banks that supports development and implementation of payment system risk, discount window lending and condition monitoring policies and guidelines, and promotes coordination and communication among the Reserve Banks with respect to these matters.) The Credit Risk Management Technology Support Function provides management and oversight for the consolidated information technology applications that support Credit Risk Management in the Reserve Banks.

The Payments Policy Function coordinates policy work and promotes interdisciplinary perspectives on payments policy issues with payments experts in the business and policy areas in the Bank. It provides leadership and analytical resources for domestic and international work on payments policy issues and assists areas in developing the next generation of payments experts in the Bank.

Ms. Krieger was a senior vice president in the Payment Studies Function in the Research and Market Analysis Group between July 2002 and May 2004. Between 1985 and 2002, she was involved in domestic reserves management, with responsibilities for the management of domestic open market trading, market analysis and discount window operations in the Bank. Ms. Krieger joined the Bank in 1981 as an economist in monetary research.

Ms. Krieger holds a bachelor's degree in mathematical economics from Wesleyan University and a Ph.D. in economics from the University of California.

September 2010