The Financial Services team provides legal support for the bank`s financial services, including Fedwire®, international and domestic distribution of currencies and coins, and account services to the U.S. Treasury, foreign central banks and international organizations, custodians and other clients. Prior to joining the bank, Laura was Assistant General Counsel at U.S. Foods, where she was responsible for employment law advice and managing the firm`s litigation portfolio. Laura also worked as an associate at the international law firm Paul Hastings LLP. In his current role, Mr. Ostrander oversees the legal coverage of BlackRock`s trading activities as well as the legal coverage of BlackRock solutions and related technology areas and topics. He is a member of several BlackRock Risk Management and Oversight Committees and an active leader in diversity, equity and inclusion initiatives in the legal and compliance function. Prior to joining BlackRock in 2011, Mr. Ostrander was Managing Director responsible for the global legal coverage of Morgan Stanley`s fixed income division. He began his legal career in 1995 as a partner at Cleary Gottlieb.
Regulatory experience in the banking and financial services sector is best suited for this position, but candidates with significant legal leadership experience in advising clients in highly regulated sectors gained in a law firm, corporate legal department and/or reputable government agency will also be considered, said Bridge Partners. Interested parties must also have advanced management experience, including direct supervision of lawyers and other members of the professional team. “Rick brings deep expertise in the legal and compliance issues facing institutions and capital markets today, which will help us lead and prepare for tomorrow`s digital innovation,” said John C. Williams, President and CEO of the New York Fed. Working with business units on complex legal challenges will make him a great addition to our leadership team. The Federal Reserve Bank of New York is one of 12 regional reserve banks that, along with the Board of Governors in Washington, D.C., form the Federal Reserve System. The Fed, as the system is commonly known, is an independent government entity established by Congress in 1913 to serve as the central bank of the United States. The Federal Reserve is responsible for formulating and executing monetary policy, supervising and regulating deposit-taking institutions, and providing financial services to the U.S. government.
The New York Fed oversees the Federal Reserve`s Second District, which includes New York State, New Jersey`s 12 northern counties, Fairfield County in Connecticut, Puerto Rico and the U.S. Virgin Islands. June 7, 2022 – The Federal Reserve Bank of New York has engaged New York-based Bridge Partners to conduct its search for a new General Counsel. The firm`s founders and partners, Tory Clarke and Larry Griffin, and partner Ryan Whitacre are leading the engagement. Four years ago, Bridge Partners and Spencer Stuart appointed John Williams president and CEO of the New York Fed. The New York Fed wants a proven legal framework to serve as the bank`s general counsel and head of the legal group, a diverse group of experts who help guide and protect the Federal Reserve`s critical monetary policy and financial services operations. The records management function is responsible for providing bank employees with the policies, guidance and tools necessary to manage records and information in an effective, efficient, compliant and legally defensible manner. Laura Monfredini is Senior Vice President and General Counsel at the Federal Reserve Bank of San Francisco. Laura oversees the bank`s legal affairs and operations and acts as a strategic partner to the organization. Laura is also Chair of the SF Fed Executive Committee. The general counsel is responsible for all aspects of the New York Fed`s legal, compliance and ethical affairs, Bridge Partners said. As a trusted advisor to the bank`s management, the General Counsel oversees all legal work related to strategy, operations, human resources, compliance, ethics and risk, while also working on policy matters with the bank`s management and with key relationships outside the bank.
including internationally. This person is expected to inspire, support and develop an agile and responsive team that understands the needs of the New York Fed and has the skills to manage and achieve desired outcomes in a highly dynamic environment while maintaining the highest standards of excellence. The Banking Applications function coordinates, analyzes, evaluates, and recommends Federal Reserve actions on a variety of proposals from domestic and foreign banking organizations. The feature assists with proposed changes to applicable laws and regulations and helps formulate Federal Reserve enforcement policy. In addition, it informs the local and foreign banking communities of U.S. laws and regulations regarding mergers, acquisitions and expansion activities. More information on submitting bank applications can be found here. Previously, she served as Senior Vice President, General Counsel, Corporate Secretary and Chief Ethics Officer of the Chicago Fed.
Previously, she was Vice President and Deputy General Counsel at the Chicago Fed, covering a wide range of legal, corporate governance and ethics issues. Previously, she was Assistant Vice-President and Assistant General Counsel. She began her career at the Chicago Fed in 1992 as a staff attorney. Candidates for the New York Fed`s general counsel position must hold a law degree from an accredited U.S. law school as well as the ability to practice law in New York, Bridge Partners said. The candidate must also have extensive commitment and expertise in matters related to the Federal Reserve Bank and its work (e.g. banking and financial services regulation, anti-corruption, public order, ethics and compliance, anti-money laundering, employment issues, enterprise risk management, intellectual property and privacy/security, as well as process management and dispute resolution). Laura joined the bank in 2010 and, as Assistant General Counsel for Labour Law, played a central role in modernizing the firm`s HR practices, including performance management and workplace conduct training.
The role of the legal function is to provide effective, efficient and client-focused legal services to the Federal Reserve Bank of New York. The function is headed by the Bank`s General Counsel and consists of two departments, each headed by a Deputy Legal Adviser. Katherine Hilton Schrepfer is Executive Vice President, General Counsel, Corporate Secretary and Chief Ethics Officer of the Chicago Fed. She leads the bank`s legal department and directors` office and provides the bank with a variety of strategic legal support. She is also a member of the Group Executive Board and oversees other areas of the bank, including strategy, information security and enterprise risk management. The General Counsel of the New York Fed reports to Mr. Williams. The direct staff of the General Counsel is the Chief Compliance Officer, three Deputy General Counsel and the Chief Operating Officer.
The Bank`s legal group consists of five distinct functions: legal, compliance, banking applications, group operations and strategy, and case management. Bryant Group Selected by Kansas Leadership Center for CEO Search The group`s operations and strategy function provides the legal group with resources and strategies to advance corporate and banking goals through three entities: “I couldn`t be more honored to have the opportunity to join the New York Fed.