Mark Meder Named Senior Vice President and General Auditor for Cleveland Federal Reserve Bank
Mark Mederhas been named a senior vice president and general auditor at the Federal Reserve Bank of Cleveland, effective June 16, 2012. He is responsible for the strategic leadership and oversight of the Bank's Internal Audit function. He also has responsibility for the Audit Application Competency Center for the Federal Reserve System, which provides information technology support for the Federal Reserve's audit community.
Meder began his career with the Cleveland Reserve Bank in 1993, as an assistant bank examiner. He was named assistant vice president in 2003 and vice president in 2006 with supervisory responsibility for the Credit Risk Management and Statistics and Analysis Departments. In 2008, he assumed responsibility for the Financial Support Services Department including Strategy and Performance Management. In 2011, he was appointed vice president of regional bank, community bank, and thrift holding company supervision in the Supervision and Regulation Department.
Meder received a bachelor's degree in business administration from Cleveland State University and is a certified public accountant (currently inactive). In 2008, he served as an American Marshall Memorial Fellow, a program for American and European emerging leaders to explore institutions, politics, and culture on the other side of the Atlantic. He was president of the Northern Ohio Risk Management Association from 2007 to 2008 and a director of the Greater Cincinnati Risk Management Association from 2001 to 2006.Federal Reserve System
The Federal Reserve Bank of Cleveland is one of 12 regional Reserve Banks that, along with the Board of Governors in Washington, DC, comprise the Federal Reserve System. As the nation's central bank, the Federal Reserve System formulates US monetary policy, supervises certain banks and other financial institutions, and provides payment services to financial institutions and to the US government. Payment services include check clearing, electronic payments, and the distribution of currency and coin.
Fourth Federal Reserve District
The Federal Reserve Bank of Cleveland, with branches in Cincinnati and Pittsburgh, serves the Fourth Federal Reserve District, which includes Ohio, western Pennsylvania, eastern Kentucky, and the northern panhandle of West Virginia. For more information on the Federal Reserve Bank of Cleveland, see www.clevelandfed.org or follow us on Facebook and Twitter (@ClevelandFed).