American Capital Agency Management, the external manager of American Capital Agency Corp., has hired Peter Federico as senior vice president and chief risk officer.

In this role, Federico will be responsible for overseeing all risk management activities relating to AGNC. He previously was executive vice president and treasurer of Freddie Mac, primarily responsible for managing that company’s investment activities for its retained portfolio and developing, implementing and managing risk mitigation strategies.

Jaclyn Jaeger is a freelance contributor to Compliance Week after working for the company for 15 years. She writes on a wide variety of topics, including ethics and compliance, risk management, legal,...