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 & Education function engages, empowers and educates the public in the Second District. Our outreach mission furthers the Bank’s commitment to the region by listening to the communities we serve and developing programs, analysis and sponsored conferences and clinics to help meet their needs. Our education mission aims to advance public knowledge about the Federal Reserve System and its role in the economy.
Ernst Schaumburg is an Assistant Vice President of the Federal Reserve Bank of New York, with the Integrated Policy Analysis Group. His current research covers market, funding and liquidity risks of large portfolios as well as management of counter party credit risk exposures in the context of stress testing.
Other areas of expertise include high frequency trading, pricing of volatility risk and performance evaluation. He has contributed to the NY Fed's financial stability policy, its monetary policy briefings and issues of financial regulation and supervision.
Ernst Schaumburg holds a Ph.D. in Economics from Princeton University, is a CFA charter holder and a certified FRM. Prior to joining the NY Fed, he was an Assistant Professor of Finance at the Kellogg School of Management from 2001 to 2009.