Cara Kolb was appointed senior vice president of the Information Technology and Program Assurance function by the Federal Reserve Bank of Minneapolis Board of Directors, effective June 16.
In this role, Kolb will lead IT teams responsible for delivering solutions that address evolving business needs and strategic priorities.
Kolb’s career with the Federal Reserve began in 2004. She has held various positions in Treasury Services and IT, and most recently served as vice president for National IT’s Client Services Business Enablement team. During her time at the Fed, Kolb has led the National IT End User Services’ Solutions Management team, Business Management and Internal Communications team, and Endpoint, Messaging and Mobility Operations team. She has also served as the director of the National Service Desk.
Kolb is an established and respected partner across the Board of Governors, Federal Reserve System, National IT, and Bank stakeholders.
Kolb has a B.A. in history and sociology from the University of Minnesota and an M.A. in management from Hamline University.
The Federal Reserve Bank of Minneapolis is one of 12 regional Reserve Banks that, with the Board of Governors in Washington, D.C., make up the Federal Reserve System, the nation’s central bank. The Federal Reserve Bank of Minneapolis is responsible for the Ninth Federal Reserve District, which includes Montana, North and South Dakota, Minnesota, northwestern Wisconsin, and the Upper Peninsula of Michigan. The Federal Reserve Bank of Minneapolis participates in setting national monetary policy, supervises numerous banking organizations, and provides a variety of payments services to financial institutions and the U.S. government.