Diversity and Inclusion
|The New York Fed has a long-standing commitment to attracting, developing and retaining a diverse workforce and to building an inclusive work environment.|
Diversity in Action
In 2006, the New York Fed set up the Diversity Advisory Council, comprised of members from all business lines. The Council is chaired by the Bank's first vice president and comprised of members from all business lines. As business partners and key stakeholders, council members are catalysts in developing and executing a strategy to advance diversity across the Bank and to champion diversity and inclusion as important strategic imperatives. The Diversity Advisory Council works closely with the Office of Diversity and Inclusion to identify and implement diversity and inclusion initiatives.
Office of Diversity and Inclusion
The Bank fosters an inclusive work environment and seeks to increase its level of employee awareness and engagement. The ODI is under the direction of the Bank’s chief diversity officer.
The Bank has had a long-standing commitment to diversity and over the last few years has made a more strategic effort to focus on diversity and inclusion. Efforts include establishing a Diversity Advisory Council, creating an Office of Diversity and Inclusion and adding more Resource Networks for our employees.
Office of Minority and Women Inclusion
|Resource networks are Bank-sponsored, employee-driven groups that work voluntarily to enhance diversity and inclusion by organizing Bank events and activities for the benefit of all employees. Membership, meetings and attendance at resource network events are open to all Bank staff.|
The resource networks provide members with the opportunity to share common experiences, build cultural awareness and support the Bank’s business objectives by linking network business plans to the Bank’s business goals. The strategic direction of all networks requires outreach into four broad categories: recruitment and retention of diverse talent, professional development, innovation in Bank business, and community involvement.
The networks provide professional development opportunities for leadership, offer exposure to senior officers, facilitate mentoring, sponsor outside speakers, assist with recruiting diverse candidates, and partner with new nonprofit and community groups.