PHH Corporation has appointed Paul Zelissen as senior vice president and chief risk officer.

Zelissen succeeds Ted Carter, who has served as interim CRO since February 2013. Carter will resume his responsibilities as CRO of the company's fleet management services business, PHH Arval. Zelissen will oversee the company's enterprise risk management program.

Zelissen joins PHH with nearly 20 years of treasury and risk experience, primarily in the banking sector. He has spent the majority of his career with ING Bank, most recently serving as CRO for ING Direct FSB.