Cleveland Fed announces officer promotions and organizational changes

The Bank announced several promotions and other organizational changes in the following departments:

Information Security

Lana Zachlin was promoted to vice president where she will continue to lead the Information Security, Business Continuity, and IT Risk Management functions.

Zachlin began her career with the Cleveland Fed in 1996 as a developer in ITS Application Development and moved through positions of increasing responsibility in Information Technology Services.

She holds an MS in management science with a concentration in information decision systems from Case Western Reserve University and a BS in math and computer science from John Carroll University.

Cash Product Office

Greg Nichols was promoted to assistant vice president in National Cash Automation. In this role, he has responsibility for compliance, risk, schedule management, and the facilitation of meetings that provide oversight into critical Cash Product Office programs.

Nichols began his career with the Cash Department at the Cleveland Fed in 2003, and has held positions of increasing responsibility.

He holds a BA from John Carroll University and an MBA from Cleveland State University.

Cash Services

Brad Smith was promoted to assistant vice president in the Cash Services Department where he is responsible for developing strategic plans that align with the goals of the Bank, Cash Product Office, Federal Reserve System partners, and industry stakeholders. He leads and manages the relationships with auditing partners, including the Board of Governors and the US Treasury’s Office of Compliance.

Since joining the Cleveland Fed in 2001, Smith has held positions of increasing responsibility in the Check and Cash departments, most recently as the senior cash manager.

He holds a BA from the University of Phoenix.

Treasury Services (eGov)

Treasury Services (eGov) is one of the Cleveland Fed’s core business lines and supports the US Department of the Treasury’s objective of expanding the use of digital products and payment services across the federal government:

Scott Anchin joined the Bank as assistant vice president and chief of staff where he is responsible for supporting eGov leadership. Anchin will support governance, project, and operational activities for all product lines in eGov.

Prior to joining the Cleveland Reserve Bank, Anchin served as a member of the System’s Strategies for Improving the Payment System team at the Federal Reserve Board of Governors in 2014. In 2017, he joined the Chicago Fed as a payments strategy manager, leading development of the faster payments market report.

He holds an LLM from Georgetown University, a JD and MA from Case Western Reserve University, and a BS from Syracuse University.

Grace Engel joined the Bank as assistant vice president in Product Strategy where she is responsible for managing Tax Modernization product portfolios and identifying new business and product opportunities. She will collaborate with the US Treasury to conduct market and agency research and develop product roadmaps and release schedules.

Prior to joining the Cleveland Reserve Bank, Engel served as a product development and delivery consultant for clients such as Newsweek, The Washington Post, and AOL, and co-founded an innovation and digital product development agency. She has also served as a strategic innovation consultant to Humana and as strategic innovation director for USAA.

Engel holds an MBA from the New York Institute of Technology, an MA from American University, and a BA from University of Arizona.

Michael Folk was promoted to vice president in Program Delivery for Transforming Tax Collection where he is responsible for leading the delivery of the program while balancing the overarching strategy for Tax Modernization.

He started his career with the Cleveland Fed in 2017 as an assistant vice president overseeing the development technology teams.

Folk holds an MS in computer science from Cleveland State University and a BS in Computer Science from Allegheny College.

Sabrina Goodlett joined the Bank as assistant vice president in Program Portfolio Management where she is responsible for setting the strategy of the program’s portfolio decisions and will ensure coordination between the business, technology, and administration arms of the Transforming Tax Collection program.

Prior to joining the Cleveland Reserve Bank, Goodlett held roles at Sprint Nextel, Blackboard, Inc., and the United Network for Organ Sharing. She joined the Richmond Fed in 2014 as an enterprise technology testing manager and most recently served as the managed solutions technology manager.

Liz Wells was promoted to assistant vice president and chief administration officer for the Transforming Tax Collection (T2C) program, with leadership responsibilities within T2C for the Bank and Federal Reserve System governance entities.

Prior to joining the Bank in 2016, Wells was an application development manager for Macy’s department stores.

She holds a BBA from Miami University.

Legal

Laura James was promoted to counsel where she will continue providing legal analysis, review, and approval of Bank contracts, leases, and agreements, among many other duties.

She began her career with the Cleveland Fed as an attorney in 2011 and was promoted to senior attorney in 2015. Prior to joining the Bank, she was in private practice for almost six years and focused on commercial litigation, creditors’ rights, insurance defense, and product liability.

James holds a JD from The Catholic University of America, Columbus School of Law.

Supervision, Credit Risk, and Statistics (SCS)

Carrie Moore was promoted to counsel where she will continue to provide legal support for the Supervision and Regulation department. Moore has wide-ranging experience in banking-related law, including researching complex legal issues.

She holds a JD from The Ohio State University, Michael E. Moritz College of Law and a BA from Indiana University.

Federal Reserve Bank of Cleveland

The Federal Reserve Bank of Cleveland is one of 12 regional Reserve Banks that along with the Board of Governors in Washington DC comprise the Federal Reserve System. Part of the US central bank, the Cleveland Fed participates in the formulation of our nation’s monetary policy, supervises banking organizations, provides payment and other services to financial institutions and to the US Treasury, and performs many activities that support Federal Reserve operations System-wide. In addition, the Bank supports the well-being of communities across the Fourth Federal Reserve District through a wide array of research, outreach, and educational activities.

The Cleveland Fed, with branches in Cincinnati and Pittsburgh, serves an area that comprises Ohio, western Pennsylvania, eastern Kentucky, and the northern panhandle of West Virginia.

Media contact

Doug Campbell, doug.campbell@clev.frb.org, 513.455.4479