Executive Vice President and Chief Enterprise Risk Officer
Paige Wisdom was named to the position of executive vice president and chief enterprise risk officer in October 2010. She is a member of the company’s senior operating committee and reports directly to CEO Don Layton.
In this role, Wisdom is responsible for providing the overall leadership, vision, and direction for enterprise risk management and leads an integrated risk management framework for all aspects of risk across the organization. She is responsible for working directly with senior management and the board of directors on the full breadth of Freddie Mac’s risk management activities.
Previously, Wisdom served as senior vice president and chief enterprise risk officer. Before that, she served as Freddie Mac’s Business Unit CFO, reporting to Chief Financial Officer Ross Kari. In that role, she partnered with the business units to provide financial decisions and analytical support. She also led the company’s successful adoption of SFAS 166 and 167, a significant achievement for Freddie Mac.
Prior to joining Freddie Mac, Wisdom served as a Business Unit CFO at Bank of America where she managed financial strategy, planning, reporting, analysis and controls for key businesses including: Global Business and Financial Services, Business Lending, and Global Technology, Service and Fulfillment. Before that, Wisdom was the Chief Financial Officer of the Corporate Bank at Bank One Corporation/J P Morgan.
Before her career at Bank One, Wisdom held management positions at UBS/Warburg Dillon Read, Citibank Salomon Smith Barney, and Swiss Bank Corporation.
Wisdom holds a Master of Business Administration from The University of Chicago’s Graduate School of Business and a Bachelor of Science in math and computer science from the University of Illinois, Chicago.
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.