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 Outreach and Education function engages, empowers and educates the Second District communities that the Bank serves, especially civic leaders, students, educators, small business owners, policymakers and the general public. It furthers the Bank's commitment to the region by listening to the communities we serve and leveraging our unique attributes to positively impact school and university programs, as well as analysis and research.
The Corporate Group provides various services to support the Bank and help each of its business areas attain its strategic objectives. These services include:
Corporate Accounting Ensures the integrity of financial reporting and the underlying records of the Bank; provides acounting information services and coordinate changes to deposit accountrelationship; and manages the Bank’s disbursement processes.
Management Information Manages the Bank's financial planning process, ensures the integrity of the Bank's financial control activities and promotes efficiency in financial management and reporting processes.
Strategic Investment and Risk Assessment (SIRA) Manages the Bank’s operational risk program; spearheads business continuity planning and coordinates incident response activities for the Bank; oversees the review of the Bank’s significant investments in technology and building infrastructure to ensure that business objectives are met.
Real Estate and General Services Provides a full range of real estate and general services to the Bank that are aligned with business needs and focused on efficiency, customer service and cost effectiveness. These services include property management, travel and food services.
Vendor Management and Procurement Provides leadership and value-added services to Bank business managers over the entire vendor life cycle. Through the use of best practices, complemented by advisory and support services, the goal is to drive greater value for the Bank from its suppliers and service providers, to enhance risk management and to ensure compliance with Bank policies.
Enterprise Data Management Organizes and contributes to initiatives designed to improve information needed to accomplish business objectives across the Federal Reserve System and in the Bank.
Financial Management Strategy Oversees data management program for finance, including governance, architecture and standard reference data.
Business Process Excellence (BPE) Develops and executes the Bank’s vision and strategy for its continuous improvement discipline through program management and project execution; provides centralized BPE subject matter experts to partner with business areas to improve their process capability by applying BPE discipline; leading and coaching project teams; and promoting best practices and standards.