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Saule Omarova, Biden’s pick to lead a key banking agency, set for tough confirmation hearing

If confirmed, Omarova would be the first woman and first person of color to lead the 158-year-old agency. Since arriving in the United States , she has compiled a diverse work history. After receiving a Ph.D. from the University of Wisconsin at Madison and a law degree from Northwestern University, she worked as a lawyer at Davis Polk & Wardwell, a top New York firm, where she focused on corporate transactions and advising financial industry clients on regulation. She also served in the Treasury Department of George W. Bush’s administration, as a special adviser on regulatory policy.