Jay Lerner was appointed this week as the new Inspector General of the Federal Deposit Insurance Corporation, replacing Fred Gibson, who has been acting inspector general since 2013.
Lerner comes to the FDIC from the Office of the Inspector General at the Department of Justice, where he was chief of staff and senior counsel. Before that he was assistant chief in the Fraud Section in the Criminal Division at the DOJ. Lerner also worked as associate general counsel strategic oversight and review and as chief counsel for security at the Department of Homeland Security’s Office of the General Counsel. In addition, he served as deputy chief counsel for Criminal Enforcement at the Transportation Security Administration.
In his new role, Lerner will oversee the Office of Inspector General, which investigates banks and financial institutions for fraud and other crimes. The office also works to detect and deter waste, fraud, and abuse at the FDIC, while promoting economy and efficiency at the agency.
Lerner has taught several courses on criminal law at George Washington University. He received a Juris Doctor degree from the University of Pennsylvania Law School and a BS in Accountancy from the University of Illinois.
Former acting IG Gibson will return to his previous position as principal deputy in the FDIC Office of Inspector General.