Certain jobs require a love of adventure. But when Enrico Dallavecchia decided to leave JPMorgan Chase & Co. in June to become Fannie Mae's first chief risk officer, it took real courage.

Dallavecchia was moving to the housing-finance giant only weeks after the company agreed to pay $400 million in penalties to federal regulators for accounting fraud. Fannie Mae also had to take steps to improve its internal controls, risk management practices and corporate culture. Essentially, Dallavecchia's new job would be to make sure that his employer lives up to the settlement.

As CRO, Dallavecchia–who is also executive vice president–reports to the president, CEO and board of directors. He is responsible for measuring, reporting and monitoring Fannie Mae's risk profile and formulating appropriate risk policies.

Continue Reading for Free

Register and gain access to:

  • Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
  • Informative weekly newsletter featuring news, analysis, real-world cas studies, and other critical content
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.