Debra

Debra

Area: Legal
Title: VP, Legal
Education: New York University School of Law; University of Pennsylvania

Why the Fed?

After many years of working as an attorney in the private sector—primarily for large financial institutions—I became increasingly interested in exploring work in the public sector. The New York Fed appealed to me, particularly because of its unique role and the challenges that it has undertaken during the financial crisis.

My Responsibilities

I am a member of the staff in the Bank Supervision and Markets Group in Legal, which provides legal services to primarily to those two groups, but also gets involved in the legal aspects of various policy, legislative and interagency initiatives. Initially, I spent a large portion of my time working on the Term Asset-Backed Loan Facility (TALF), a Federal Reserve credit facility intended to improve the market conditions for asset-backed securities.

Challenges and Rewards of My Job

I have found it very rewarding to be part of assisting the Federal Reserve in executing its policy objectives, particularly with respect to the various policy objectives associated with the financial crisis. The challenge has been to come up to speed quickly on various substantive matters—but the intellectual challenge is certainly one of the major rewards of the job.

How Is the Fed Unique?

I find the people here to be very open to discussing and exchanging different points of view on a matter. People are quite intellectual, analytical and inquisitive in their approach, and working groups tend to be collaborative and nonhierarchical. In addition, this is a group with an incredible focus on and belief in ethics and integrity.