The Office of Diversity and Inclusion
The Federal Reserve Bank of Cleveland continues to make strides in diversity and inclusion with the support of the Office of Diversity and Inclusion (ODI). ODI fosters an inclusive environment both inside and outside of the Bank through fulfilling its Office of Minority and Women Inclusion (OMWI) responsibilities, supporting Bankwide inclusion, and measuring and assessing our diversity and inclusion progress and how our current efforts align with our strategies. The Bank and ODI are dedicated to sustaining an environment in which diversity is valued and differences are strengths. Our plans and actions are designed to leverage the opportunities that diversity presents. We are working to create a richly collaborative environment that values diversity and inclusion and fosters employee engagement to establish the Bank as a premier organization in our communities.
The Dodd–Frank Wall Street Reform and Consumer Protection Act, passed in 2010, requires under Section 342 each of the 12 Federal Reserve Banks to establish an Office of Minority and Women Inclusion (OMWI). The Cleveland OMWI is housed within the Office of Diversity and Inclusion and supports matters relating to three areas of focus: workforce diversity, supplier diversity, and financial literacy. For information on the Bank’s progress in these areas, read the OMWI 2018 Annual Report to Congress.
We of the Cleveland Fed believe that the diversity of our employees is the foundation of an engaged, high-performing workforce. We strive to ensure that our employees reflect the diversity of the communities in which we serve and do business, while hiring the best talent available. View our latest Equal Employment Opportunity Employer Survey Report (EEO-1).
To attract the most talented and diverse candidate pools, the Bank attends college fairs, posts positions with minority professional organizations, joins networking events, and collaborates with professional organizations. While we believe that diversity within our Bank is important, we also recognize that we must be active in the organizations and communities from which we recruit our job candidates. As one example, we nurture relationships with historically black colleges and universities (HBCUs) that go well beyond today’s recruitment, looking ahead to future generations of new hires. Learn more about our careers.
In addition to diversity among our employees, we also work for diversity among the companies with whom we do business. The core mission of the Federal Reserve Bank of Cleveland’s Supplier Diversity Program is providing minority- and women-owned businesses access to opportunities for doing business with us. The Cleveland Fed works with other Reserve Banks to identify ways to enrich the Federal Reserve System’s supplier diversity programs, practices, and actions. The Cleveland Fed’s policy is to purchase goods and services from minority-owned, women-owned, and small businesses whenever possible.
The Federal Reserve System also provides a development program for minority-owned institutions, Partnership for Progress.
As part of our participation in underrepresented communities, the Cleveland Fed sponsors many outreach programs and offers financial education through its Learning Center and Money Museum. We also partner with the Board of Governors to identify opportunities for the Federal Reserve System to collaborate on financial literacy programming, mentoring opportunities, and other related activities for inner-city high schools, all-girls’ high schools, and high schools with majority–minority populations across the country. The Fed Scholars program, for example, partners with a local youth service organization and hires local high school students from underrepresented areas in Northeast Ohio for a seven-week immersive work program.
The Federal Reserve Bank of Cleveland is committed to serving the communities across our District in Ohio, western Pennsylvania, the northern panhandle of West Virginia, and eastern Kentucky. The Learning Center and Money Museums in both Cleveland and Cincinnati provide onsite financial education and mentoring to students in these regions.
Diversity and Inclusion Team
Margie Wright-McGowan (not pictured), Diana Starks, Elfreda Walter, LaVelle Blackwell, and Tabatha Findley.
What does inclusion look and feel like at the Cleveland Fed?
Diana Starks, vice president of human resources, offers her thoughts about the look and feel of diversity and inclusion at the Cleveland Fed.