Cingilli Coordinates the Federal Reserve Bank of Minneapolis's Annual Budget

Image The Most Influential Turkish-American Women #9 - There are 12 regional Federal Reserve Banks, which serve as the operating arms of the system. The Minneapolis Fed, with one branch in Helena, Montana, serves the six states of the Ninth Federal Reserve District: Minnesota, Montana, North and South Dakota, 26 counties in northwestern Wisconsin and the Upper Peninsula of Michigan.

Mesude Cıngıllı is Assistant Vice President of the Financial Management Group of the Federal Reserve Bank of Minneapolis. Graduating with an MBA degree from the University of Minnesota in 1997, Cıngıllı has been working for the bank since 2002. She was a Treasury Analyst between 1988 and 1994 in the Development Bank of Turkey. She helped establish and open the first branch of YatirimBank in Ankara, then she moved to the United States and worked for two years as a commercial lender for US Bancorp in Minneapolis. She managed a commercial credit portfolio of $150 million.

She transferred to Target Corporation as a project manager and she worked for Target from 1999 to 2002. Cıngıllı managed a company-wide Merchandise-Store Sales Match (ABC-HML) strategy with a gross margin impact of $100 million. She developed and maintained merchant and cross-functional relationships, ensuring senior management and merchandising needs were solicited, prioritized and completed.

Cıngıllı started as a senior analyst at the Federal Reserve Bank of Minneapolis in January 2002. She coordinated the System Re-pricing and Annual Bank Evaluation processes with all Reserve Bank Priced Services, Product Offices and the Board of Governors. She performed feasibility analyses and evaluated the cost-effectiveness of competitive products, services and vendors and presented recommendation. In May 2005, she was promoted to Finance Manager – Financial Management Group. In this department, she planned and executed the bank’s budget and forecast processes ensuring deadlines were met and targets were achieved and led a Federal Reserve System Project to develop a new Project Cost Assessment Model, which was approved by the CIO and CFO in June 2010 to be the new standard for analyzing projects.  

She became Assistant Vice President of the Financial Management Group in November 2011. She develops, coordinates and supports the Bank’s annual budget and monthly forecasting processes, ensuring that the processes and deliverables meet system and bank management expectations and requirements and that the processes are timely and efficient. Cıngıllı works with senior management and business lines to develop the bank’s strategic plan and high priority objectives. She also conducts periodic overviews of functions and applies Lean Sigma/Six Sigma methodology to continuously improve processes. She supports the Bank President, FVP and Management Committee’s analytical and project needs and also prepares and presents financial reports to the bank’s Budget, Evaluation, and Risk Committee.

Rüşdü Saracoğlu, the son of Şükrü Saracoğlu, the former Prime Minister of Turkey, also had worked for Federal Reserve Bank of Minneapolis in 1970’s. Cıngıllı says she plans to use her experiences after retirement in Turkey in the near future. Cıngıllı is married to Faruk Cıngıllı and has a son, Mehmet Sinan.  
Last modified onSaturday, 06 May 2017 10:07