Stephanie Weber has been appointed vice president of the Risk and Compliance division by the Federal Reserve Bank of Minneapolis Board of Directors, effective June 1. In this role, she will lead teams that identify and evaluate risk and support adherence to the highest standard of compliance in all Bank activities and procurement.
Weber joined the Bank in 2004 and most recently served as assistant vice president of Community and Regional Supervision, Mergers and Acquisitions, Enforcement, and Exam Operations. In this role she led teams that ensure the safety and soundness of state member banks and holding companies, and improve efficiency and effectiveness of community banking supervision processes.
For her work supporting the Federal Reserve System’s rollout of two compliance tools for small banks, she was given a 2021 William Taylor Award for excellence in bank supervision by the Federal Reserve Board of Governors.
Weber holds a bachelor’s degree from Luther College, a master’s degree in management from the College of St. Scholastica, and an MBA from Northeastern University, Boston.
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.