Freddie Mac announces compliance chief change

by Francis Monfort16 May 2018

John Krenitsky has joined Freddie Mac as senior vice president and chief compliance officer, the company has announced.

Krenitsky will fully transition to the position effective June 1, following the retirement of current chief compliance officer Carol Wambeke.

Serving more than two decades in the global financial services industry, Krenitsky brings experience in managing compliance programs. In his new role, Krenitsky will oversee and manage Freddie Mac’s compliance with legal and regulatory requirements and related controls that govern the company’s business activities.

“John’s sharp legal mind and experience in building and managing enterprise-wide compliance risk programs makes him the ideal person to be Freddie Mac’s chief compliance officer as we continue on our transformation journey. In short, he is the right person for the job at the right time for the company,” said Anil Hinduja, Freddie Mac executive vice president and chief enterprise risk officer.

Most recently, Krenitsky served as chief compliance officer at Discover Financial Services, where he managed an enterprise-wide compliance risk program. Prior to that, he was chief compliance officer for BNP Paribas subsidiaries, including BancWest and Bank of the West. Krenitsky also spent 13 years working for M&T Bank, first as a deputy general counsel and then as chief compliance officer.

Earlier in his career, Krenitsky was a commercial litigation attorney in Buffalo, N.Y. He is a member of the compliance advisory council of the American Bankers Association.


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