PHH Corp. has named Smriti Laxman Popenoe as executive vice president and chief risk officer effective Sep. 13. Popenoe will be responsible for the design and implementation of an enterprise-wide risk framework and will work with the firm’s business units to identify, effectively manage and mitigate credit, market and operational risks.

The new hire joins the company from TriSim where she was a principal. Before joining TriSim, she was a senior vice president for balance sheet management at Wachovia for three years, where she led a team responsible for all aspects of the firm’s investment portfolio, including agency and non-agency RMBS, ABS, CMBS, and whole loans.

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