TORONTO, May 1 (Reuters) - Three vice presidents at
Canadian lender TD Bank's financial crime risk
management team will be leaving the team as a part of changes
new global anti-money laundering chief Jacqueline Sanjuas is
making, according to a memo seen by Reuters.
Sanjuas, who took charge earlier this year following TD's
historic $3 billion penalty by U.S. regulators, told staff in a
memo she was focused on "simplifying the financial crime risk
operating model in Canada."
"This effort is guided by the need to enhance clarity in
decision-making, redefine team mandates, and drive greater
consistency across the broader team," she said in the memo sent
on Thursday, highlighting other internal changes.
The three executives - VP of risk and business control
programs Sohana Inderlall, VP of risk oversight Canadian banking
Caitlin Riddolls and VP of data and model management Rick
Hamilton - are pursuing other opportunities, the memo said.
Sanjuas' memo also highlighted her plan to rejig the
financial crime and risk management team at TD for the first
time since taking charge in January, following the sudden
departure of Herbert Mazariegos.
TD will also name a leader for its financial crime
investigations team and a VP for business oversight, Canada.
Georgia Stavridis, a former HSBC Canada executive who joined TD
last year, and Stephen Joyce, vice president of financial crime
risk management transformation delivery and enablement, will
cover those roles in the interim, the memo said.
A TD Bank spokesperson confirmed the moves and the content
of the memo.