David (Fengchen) Du
About David (Fengchen) Du
David (Fengchen) Du is a Senior Specialist at the Federal Reserve Bank of New York, where he has worked since 2016. He has a strong background in actuarial science and financial services, having previously held positions at Guardian Life, Sun Life Financial, and the Federal Reserve Bank of Boston.
Work at Federal Reserve Bank of New York
David Du has been employed at the Federal Reserve Bank of New York as a Senior Specialist since 2016. In this role, he has led teams across the Federal Reserve System to create supervisory policies and guidance for financial institutions. His responsibilities include conducting horizontal risk analysis to monitor emerging risks in the financial sector and participating in the Comprehensive Capital Analysis and Review (CCAR), which evaluates the capital adequacy of the U.S. banking system.
Previous Experience at Guardian Life and Sun Life Financial
Before joining the Federal Reserve Bank of New York, David Du worked at Guardian Life as an Actuarial Associate from 2004 to 2008 in Bethlehem, PA. He then transitioned to Sun Life Financial, where he served as a Senior Actuary from 2008 to 2011 in Wellesley Hill, MA. His experience in these roles contributed to his expertise in actuarial science and financial services.
Education and Expertise
David Du holds multiple degrees, including a Bachelor of Engineering from the Beijing Institute of Technology. He furthered his education at the University of Connecticut, earning both a Master of Business Administration and a Master of Science. Additionally, he completed an Executive Master of Public Administration at Columbia University's School of International and Public Affairs from 2019 to 2022. His educational background supports his expertise in finance and public administration.
Contributions to Global Insurance Standards
David Du contributed to the development of the first global insurance capital standard as a U.S. representative in the International Association of Insurance Supervisors' Capital, Solvency and Field Testing Working Group. This involvement highlights his role in shaping international financial regulations and standards.
Experience at Federal Reserve Bank of Boston
From 2011 to 2016, David Du worked at the Federal Reserve Bank of Boston as a Financial Services Market Specialist. His role involved assessing recovery and resolution plans for systemically important U.S. banks and the U.S. operations of foreign banking organizations, further enhancing his knowledge and experience in financial oversight.