Senior Vice President and Chief Compliance Officer
Carol Wambeke was named senior vice president and chief compliance officer in June 2011. Wambeke oversees and manages Freddie Mac’s compliance with legal and regulatory requirements and related controls that govern the company’s business activities. She is a member of Freddie Mac’s senior operating committee and reports to CEO Don Layton.
Previously, Wambeke served as vice president of Compliance – Regulatory Affairs. In this role, she was accountable for coordinating regulatory-related activities across the company and advising management on regulatory concerns and initiatives.
Prior to transferring to the Compliance Division in June 2008, she was vice president of Regulatory Capital Policy and Operations within Finance. In this capacity, she was responsible for regulatory capital policy and strategy and ensuring compliance with regulatory capital standards and regulatory reporting requirements. She joined Freddie Mac in 1997 as a senior economist in the Financial Research Department.
Prior to joining Freddie Mac, Wambeke was a consultant and researcher in Ecuador (1993-1997) and Venezuela (1991-1992) analyzing financial institutions, financial sector reforms and international capital market developments. Before working in South America, Wambeke was a financial economist and program manager for Capital Policy for the Office of Thrift Supervision (1987-1991) and a financial economist for the Commodities Futures Trading Commission (1986-1987).
She holds a Ph.D. and M.A. in Economics from the University of Notre Dame and a B.S. in Business from the University of St. Mary.
Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation’s residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Today Freddie Mac is making home possible for one in four home borrowers and is one of the largest sources of financing for multifamily housing. For more information please visit www.FreddieMac.com and Twitter @FreddieMac.