Karen Schneck
About Karen Schneck
Karen Schneck serves as the Vice President and Market Risk Department Head at the Federal Reserve Bank of New York, a position she has held since 2015. She previously worked as the Vice President of the Model Risk Department at the same institution from 2010 to 2015 and holds a Master's degree in Financial Engineering from New York University.
Current Role at Federal Reserve Bank of New York
Karen Schneck serves as the Vice President and Market Risk Department Head at the Federal Reserve Bank of New York. She has held this position since 2015, overseeing the management of market risk within the institution. Her responsibilities include developing strategies to identify, assess, and mitigate market risks that could impact the bank's operations and financial stability.
Previous Experience at Federal Reserve Bank of New York
Before her current role, Karen Schneck worked at the Federal Reserve Bank of New York as the Vice President and Model Risk Department Head from 2010 to 2015. In this capacity, she was responsible for managing model risk, which involves evaluating the models used for financial decision-making and ensuring their accuracy and reliability.
Education and Expertise in Financial Engineering
Karen Schneck earned her Master's degree in Financial Engineering from New York University - Polytechnic School of Engineering, where she studied from 1994 to 1996. This educational background provided her with a strong foundation in quantitative analysis, risk management, and financial modeling, which are essential skills in her current and previous roles.