Dennis Hermonstyne Jr. is joining Freddie Mac as senior vice president and chief compliance officer (CCO) as of September 19. He brings over 20 years of experience managing compliance programs for national banks and international financial services companies to Freddie Mac. Hermonstyne will be a member of the company’s senior operating committee and report directly to CEO Michael DeVito and work closely with chief risk officer Anil Hinduja.
“Dennis is an accomplished compliance officer with a broad experience at national and international financial services firms. He will be an excellent addition to Freddie Mac’s senior operating committee,” says DeVito. “I look forward to working closely with Dennis as we continue Freddie Mac’s commitment to safety, soundness, and world-class risk management.”
In his role as chief compliance officer, Hermonstyne will oversee and lead Freddie Mac’s compliance risk management program pertaining to the company’s legal, regulatory and conservatorship obligations.
Hermonstyne most recently served as the executive vice president and CCO of Santander Bank N.A., where he was responsible for overseeing the bank’s strategic compliance program and the policies and procedures for compliance vulnerability across the company. Prior to joining Santander in 2017, Hermonstyne was the deputy CCO of E*TRADE Bank. His experience also includes several legal positions at federal regulatory agencies, including the board of governors of the Federal Reserve System.