Rita Csejtey
About Rita Csejtey
Rita Csejtey serves as Vice President and TALF Program Head at the Federal Reserve Bank of New York, where she has worked since 2021. With extensive experience in structured finance and credit risk management, she has held various leadership roles in prominent financial institutions over the past three decades.
Current Role at Federal Reserve Bank of New York
Rita Csejtey serves as Vice President and TALF Program Head at the Federal Reserve Bank of New York. She has held this position since 2021, contributing to the management and oversight of the Term Asset-Backed Securities Loan Facility (TALF). This program is designed to support the economy by facilitating the flow of credit to households and small businesses.
Previous Experience at Federal Reserve Bank of New York
Prior to her current role, Csejtey worked at the Federal Reserve Bank of New York as Vice President and Head of Financial Risk Oversight from 2008 to 2021. In this capacity, she was responsible for overseeing financial risk management strategies and ensuring compliance with regulatory requirements.
Professional Background in Structured Finance
Csejtey has extensive experience in structured finance, having worked at Standard & Poor's as Director of Structured Finance Ratings from 1999 to 2006. Her role involved evaluating and rating structured finance products, which provided her with a strong foundation in credit derivatives and Collateralized Loan Obligations (CLOs).
Educational Qualifications
Rita Csejtey holds a Bachelor of Arts in History from the University of Pennsylvania. She furthered her education with a Master of International Affairs (MIA) in International Banking and Finance from Columbia University's School of International and Public Affairs. Additionally, she earned a Master of Business Administration (MBA) in Finance from The University of Chicago Booth School of Business.
Expertise in Regulatory Frameworks
Csejtey possesses expertise in various regulatory frameworks, including Comprehensive Capital Analysis and Review (CCAR) stress testing. This framework assesses the capital adequacy of large banks under hypothetical stress scenarios. She also specializes in Basel risk-based regulatory capital, focusing on the implementation of international banking regulations to promote financial stability.