Adam Hoenig
About Adam Hoenig
Adam Hoenig is a Financial Risk Analyst at the Federal Reserve Bank of New York, where he has worked since 2008. He specializes in designing quantitative models and managing a team within the Risk department.
Work at Federal Reserve Bank of New York
Adam Hoenig has been employed at the Federal Reserve Bank of New York since 2008, serving as a Financial Risk Analyst. His role involves designing and developing quantitative models to assess financial risks. He has been a key contributor in the Risk department for 16 years, focusing on various financial instruments and stress testing methodologies.
Education and Expertise
Adam Hoenig earned a Bachelor of Arts degree in Mathematics and Economics from New York University, completing his studies from 2003 to 2007. His educational background provides a solid foundation for his work in financial risk analysis, enabling him to apply quantitative methods effectively in his role.
Background in Financial Risk Analysis
In his capacity as a Financial Risk Analyst, Adam has designed a model to estimate margins for floating rate loans that serve as collateral at the Discount Window. He also manages a small team within the Risk department, overseeing projects that enhance the bank's risk assessment capabilities.
Involvement in CCAR Stress Testing
Adam Hoenig has played a significant role in the Comprehensive Capital Analysis and Review (CCAR) stress testing process. His work includes evaluating various asset-backed securities, such as credit card ABS, auto ABS, collateralized loan obligations (CLOs), foreign residential mortgage-backed securities (RMBS), and commercial mortgage-backed securities (CMBS) portfolios.
Model Development for TALF Program
Adam developed a model to assess the put option liability on loans associated with the Term Asset-Backed Securities Loan Facility (TALF) program. This model is utilized for the bank's financial statements, demonstrating his expertise in quantitative analysis and risk management.