Sandra Krieger, chief risk officer of the Federal Reserve Bank of New York, this week announced her intention to retire from the Bank in the second quarter of 2015. Krieger also is a member of the Bank’s management committee.

Krieger, who will leave the Bank after 34 years of service, began her career as an economist in monetary research in 1981. Between 1987 and 2002, she was involved in domestic reserves management with responsibilities for management of domestic open market trading, market analysis and discount window operations in the Bank. She also helped change market operations to better prepare the Bank for the possible adverse impacts of Y2K, the millennium date change.  Between 2002 and 2008, she served as a senior vice president in various functions of the Bank, including the payment studies function in the research and market analysis group.

In 2007, Krieger was asked to lead the Subcommittee on Credit Risk Management (SCRM).  She was appointed executive vice president of the newly formed Risk Group in 2008, a position she still holds.