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Saturday, April 25, 2015

Federal Reserve Board Hires New Auditor, Clive W. Blackwood

Perhaps in answer to a growing conservative call for an audit of the Federal Reserve, Clive W. Blackwood was named executive vice president and general auditor by the Federal Reserve Bank of New York.  

Blackwood will take office June 1, 2015 and will be responsible for conducting internal audits at the New York Fed. He was hired by, and will be reporting directly to, the Board of Directors about the nature of the audits. He will also liaison between the Office of the Inspector General of the Board of Governors of the Federal Reserve System as well as the Government Accountability Office.

“Clive has distinguished himself as an auditor and a leader both at the New York Fed and across the System and he will be a great general auditor,” said William C. Dudley, president and chief executive officer of the New York Fed.

Blackwood holds a bachelor's of science degree in accounting from NYU and is a Certified Internal Auditor, Certified Information Systems Auditor, Certified Financial Services Auditor and a Certified Bank Auditor. He has worked in various capacities at the Federal Reserve for 10 years. Prior to that he worked as an audit director at American Express and auditor at KPMG.