Melody Feinberg

Melody is a Board member of Security Mutual Life Insurance Company of New York and serves on the Audit and Risk;  Finance;  and Technology and Cybersecurity Committees.

As a life-time learner and teacher, in 2024, Melody created Chief Risk Advisors LLC, to provide client solutions to better manage risk, enhance strategy and governance, and optimize operations.

Until December 2023, Ms. Feinberg served as Senior Vice President and Chief Risk Officer of Federal Home Loan Bank of New York, a $150+ billion wholesale bank.  Ms. Feinberg oversaw the Bank's Enterprise-wide Risk Management practice and served as the Bank's Chief Compliance Officer. This role encompassed oversight of all risk functions, including Financial Risk Management and Credit Risk Analytics; Credit Risk; Collateral Risk;  Climate Risk: Model Risk; Operational Risk; Technology Risk; and Compliance. As a member of the Management Committee/Chief Operating Office,  she also provided oversight and guidance on all areas of the Bank and successfully integrated enterprise risk management with strategy, new business initiatives, operations, and cybersecurity. She also served on many of the FHLBNY's internal committees,  including Asset Liability Management Committee, Credit and Collateral Risk Committee, Model Risk Committee, Disclosure Committee and Defined Benefit Committee. She reported to the CEO and the Chairman of the Risk Committee of the Board of Directors.  Melody was integral to a technology transformation, spearheaded the creation of a ransomware playbook, led a climate initiative across the 11 Home Loan Banks, and built a Technology Risk Management team. Melody was the primary contact of the Federal Housing Finance Agency, the FHLBNY’s Chief Regulator.

Ms. Feinberg joined the FHLBNY  as the Director of Finance. In that capacity, she was responsible for all aspects of the Bank's finance functions, including advisory on business initiatives, funding and investment decisions, capital planning, tax and regulatory issues, etc.

Prior to FHLBNY, Melody held positions of increasing responsibilities in accounting and finance roles at three investment banks, namely, J.P. Morgan Chase (JPM), HSBC and Goldman Sachs over the course of 18 years.  With a global team, she managed 60 business entities at Goldman Sachs, including the international commodities trading desk with over $3 billion of revenue. At HSBC, as SVP - Structured Derivatives Sales Advisory, she created client solutions across the Structured Derivatives Sales teams. At JPM, she solved a critical need post the Enron crisis by leading a multidisciplinary team to create a global system to evaluate the economics, accounting, regulatory and capital implications of the Firm’s complex structured products. She spent over 10 years in various CFO roles managing global teams at JPM, and has vast experience in accounting, finance, annual audits, treasury, and financial risk management functions. Melody began her career at Ernst and Young and focused on the audits of financial institutions and casinos.

She holds a PRMIA Market, Liquidity, and Asset Liability Management Certification and is a member of the NYSCPA and AICPA.  She has lectured on various topics at the RMA/Wharton Advanced Risk program.