John Krenitsky has joined Freddie Mac as senior vice president and chief compliance officer.
Krenitsky has more than two decades of experience in the global financial services industry and has extensive experience in managing compliance programs. Previously, he was chief compliance officer for 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 Corp. 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.
Prior to joining M&T Bank, Krenitsky was a commercial litigation attorney in Buffalo, N.Y. He holds a juris doctor degree from the State University of New York at Buffalo, Law School and a bachelor’s degree in public policy from Hamilton College. He is a member of the compliance advisory council of the American Bankers Association and member of the American Bar Association, New York State Bar Association, and Erie County Bar Association.
“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,” says aid Anil Hinduja, executive vice president and chief enterprise risk officer for Freddie Mac, in a release. “In short, he is the right person for the job at the right time for the company.
Krenitsky replaces Carol Wambeke, who recently announced her retirement after more than 20 years of service to the company.
As chief compliance officer, Krenitsky will oversee and manage Freddie Mac’s compliance with legal and regulatory requirements and related controls that govern the company’s business activities.