Freddie Mac announced the appointment of Dennis Hermonstyne Jr. as senior vice president and chief compliance officer, effective Sept. 19.
Hermonstyne brings more than 20 years of experience managing compliance programs for national banks and international financial services companies to Freddie Mac. He will be a member of the company’s senior operating committee and report directly to Chief Executive Officer Michael DeVito and work closely with Chief Risk Officer Anil Hinduja.
In his role, Hermonstyne will oversee and lead Freddie Mac’s compliance risk management program pertaining to the company’s legal, regulatory, and conservatorship obligations.
He most recently served as the executive vice president and chief compliance officer of Santander Bank, N.A. based in Boston, 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 chief compliance officer 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.