SLM names Munish Pahwa chief risk officer

Sallie Mae, formally SLM Corporation, has named Munish Pahwa Executive Vice President and Chief Risk Officer. Pahwa will be accountable for the company’s integrated risk and compliance function and maintaining strong relationships with regulators. He succeeds Kerri Palmer, who was named Chief Operational Officer and President of Sallie Mae Bank earlier this year. Pahwa has served as Chief Credit Risk Officer for Sallie Mae since 2021. Prior to joining Sallie Mae, he spent nearly 16 years at Bank of America in various risk roles. Pahwa also held roles in Risk, Collections, Operations, and Decision Sciences at MBNA, PNC Bank, and Bank of New York Mellon.