PHH Corporation, an outsource provider of mortgage and vehicle fleet management services, has named Smriti Laxman Popenoe as executive vice president and chief risk officer, effective Sept. 13, 2010. In this new position, Popenoe will assume responsibility for the design and implementation of an enterprise-wide risk framework and will work with the company’s business units to identify, effectively manage and mitigate credit, market and operational risks.

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,...