For the second time in a week, the Securities and Exchange Commission is looking to the hedge fund industry to help it rebuild its tattered reputation.

The regulator has named Richard Bookstaber as a senior policy adviser. Bookstaber, who worked at Ziff Brothers International and was director of risk management at Moore Capital Management, was one of three risk management experts appointed to the SEC’s new Division of Risk, Strategy and Financial Innovation.

In addition to his hedge fund career, Bookstaber has also served in risk management roles at Salomon Brothers and Morgan Stanley. The Massachusetts Institute of Technology Ph.D. is also an author: His A Demon of Our Own Design, published in 2007, predicted that the widespread use of derivatives would precipitate a financial crisis.

“These times present a rare opportunity for fundamental financial reform,” Bookstaber said. “I am honored to be counted as part of this great team and am committed to the goals of investor protection and control of systemic risk.”

Bookstaber’s appointment comes just days after the SEC hired Chilton Investment Co.’s longtime general counsel to head inspections in the New York region.