how many senior vice presidents at bank of america

Jennifer A. Piepszak, Co-CEO of Consumer & Community Banking. These statements often use words like expects, anticipates, believes, estimates, targets, intends, plans, predict, goal and other similar expressions or future or conditional verbs such as will, may, might, should, would and could. Forward-looking statements speak only as of the date they are made, and Bank of America undertakes no obligation to update any forward-looking statement to reflect the impact of circumstances or events that arise after the date the forward-looking statement was made. Are Not FDIC Insured. Big bank vice presidents in Charlotte tend to earn about $110,000, according to data submitted to the career site Glassdoor. t*****@gmai***.com. This steadfast focus has enabled us to build strength quarter by quarter, year over year to record levels of earnings, market capitalization, client and employee satisfaction, and brand and reputation. You can read more about the team on Flagscape, including additional information about their experience in our company and industry, and will hear more information from leaders who are assuming new or expanded roles next week and in the days to follow. Aditya Bhasin has been named chief technology and information officer. Neither of these is an easy transition, especially for. Average JPMorgan Chase Managing Director yearly pay in the United States is approximately $375,735, which is 257% above the national average. Some companies also use the term B-level executive to describe mid-level managers. You are continuing to another website that Bank of America doesnt own or operate. Are Not Insured by Any Governmental Agency. A vice president is the most junior of the senior bankers and, as far as clients and higher-ups are concerned, carries the first legitimate title. Contact details. Senior management jobs generally include positions within the following groups: Director, Vice President, C-level, and CEO. What are the levels at Citibank? If you prefer that we not use this information, you can opt out of online behavioral advertising. Matthew Koder, president of Global Corporate & Investment Banking (GCIB) will continue to lead this business, inclusive of Global Transaction Services. You can also find corporations placing a senior vice president in strategic roles within the company to ensure its success. Paul has been an outstanding chief financial officer and strategic advisor for me and our company. How much does a vice president if a bank make? Paul Newman Senior Vice President Bank of America | LinkedIn. Statistics and metrics included in our ESG documents are estimates and may be based on assumptions or developing standards. Former Chairman, President and CEO, DIRECTV Lead Director, Kimberly-Clark Corporation. Merrill Lynch, Pierce, Fenner & Smith Incorporated (also referred to as MLPF&S or Merrill) makes available certain investment products sponsored, managed, distributed or provided by companies that are affiliates of Bank of America Corporation (BofA Corp.). Average Bank of America Senior Vice President yearly pay in the United States is approximately $193,002, which is 10% above the national average. In addition, Mr. Yost has experience leading a large, complex business. Tom will be responsible for delivering integrated operations solutions for all lines of business, staff support areas, and the broader enterprise including operations teams in our global regions. Through his public company board service, he has experience in governance, financial reporting, accounting of large international and regulated businesses, and board leadership. Because so many management employees eventually become vice presidents, there typically is a hierarchy within this broad category. Vice President salaries at Bank of America can range from 10,41,047 1,35,60,586 per year. Mr. Almeidas public company board service includes extensive experience in public company corporate governance, talent development, executive compensation, and succession planning. Hierarchy. Mr. Yosts roles as the former Chief Executive Officer of AmerisourceBergen Corporation (AmerisourceBergen) and its predecessor company enable him to bring his broad experience in strategic planning, regulated industries, risk management, and operational risk to our Board. Vice Chair, Head of Enterprise Credit. Average salary $174,399 per year Average $174,399 Low $88,000 High $283,000 Senior Vice President salary in the United States at Bank of America May Lose Value. A better range would go from $80,000 to $200,000. In this way,who is senior vice president bank of america? Are Not FDIC Insured. Six years ago, I recruited David Leitch to be our global general counsel and he is an invaluable advisor to me, our management team and our Board of Directors. The highest paid Senior Vice Presidents work for D . The Many Vice Presidents A vice president title often is conferred as a promotion in place, with the recipient retaining ones current job and responsibilities. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Jun 2014 - Present8 years 10 months. Bank of America today announced senior leadership changes to position the company for long-term success, while continuing to deliver for clients, communities and shareholders. The company is adding five new members, including three women, to the senior management team, further strengthening diversity at the most senior levels of the company. Opinions or ideas expressed are not necessarily those of Bank of America nor do they reflect their views or endorsement. When an organization has a CEO and president, the VP is usually third in command. An assistant vice president may serve as a team leader in project management or work directly with clients. Vice President for Research and E.A. These statements are not guarantees of future results or performance and involve certain known and unknown risks, uncertainties and assumptions that are difficult to predict and are often beyond Bank of Americas control. Today, we are announcing important steps forward in our management team for the company. Are Not a Condition to Any Banking Service or Activity. Demonstrable ability and proven track record in strategy-building and implementation. Mr. Bramble brings broad-ranging financial services experience, international experience, and historical insight to our Board, having held leadership positions at two financial services companies acquired by our company (MBNA Corporation, acquired in 2006, and MNC Financial Inc., acquired in 1993). Before acting on any information in this material, you should consider whether it is suitable for your particular circumstances and, if necessary, seek professional advice. Lakshmi Shyam-Sunder. How much do Bank Executive Vice Presidents make? Are Not Bank Guaranteed. The average salary for Vice President at companies like Bank Of America in the United States is $359,361 as of December 27, 2022, but the range typically falls between $287,064 and $392,859. The Investment Banking Career Path. Any opinions expressed herein are given in good faith, are subject to change without notice, and are only correct as of the stated date of their issue. Personal email. Wendy is also president of Atlanta for the company. Tyler works at Bank Of America as Senior Vice President, Product Management. Market Data powered by QuoteMedia. Brands, Ms. Ramos background provides her with financial expertise and extensive strategic planning experience. A large corporation typically has one or a few executives and can have several senior vice presidents. Former CEO, AmerisourceBergen Corporation. Risk Factors of Bank of Americas Annual Report on Form 10-K for the year ended December 31, 2020, and in any of Bank of Americas other subsequent Securities and Exchange Commission filings. Securities, strategic advisory, and other investment banking activities are performed globally by investment banking affiliates of Bank of America Corporation ("Investment Banking Affiliates"), including, in the United States, BofA Securities, Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, and Merrill Lynch Professional Clearing Corp., all of which are registered broker-dealers and Members of SIPC, and, in other jurisdictions, by locally registered entities. How long does it take to be a VP at a bank? The average pay for a Vice President Commercial Bank is $154,462 a year and $74 an hour in the United States. If organized as a division then the top manager is often known as an executive vice president (EVP). Reveal email . Why is everyone at a bank a vice president? Hierarchy. Our management team going forward will include individuals with many years of outstanding leadership in our company and the industry, increased global and international expertise, and more diversity of gender and race than ever before in our history. How much does a Director make at Bank of America in the United States? Dr. Rose spent approximately twenty years at J.P. Morgan & Co. (collectively, JPMorgan Chase), holding leadership positions in investment banking, equities, securities, derivatives, and corporate finance businesses, as well as serving as a senior executive of the firm. Mr. Donalds roles as Former President and Chief Executive Officer of Carnival Corporation and Carnival plc (Carnival), as a former senior executive at Monsanto (Monsanto), and as the former Chairman and Chief Executive Officer of Merisant Company (Merisant), enable him to bring his extensive experience in strategic planning and operations in regulated, consumer, retail, and distribution businesses to our Board. Executive Director, Corporate Responsibility. Vice president. The middle 67% of Senior Vice President, Senior Banker, Private Banks makes $210,000, with the top 67% making $252,000. Steve has most recently been president of Retail Banking and head of the Community Bank and Consumer Lending, and earlier was head of Consumer Lending and Home Loans. Executive vice presidents are typically higher in rank than senior vice presidents, but in some companies, they may share responsibilities or there might only be an executive vice president. D. Steve Boland has been named chief administrative officer, overseeing local markets including all Bank of America market presidents and teams, Public Policy, Environment, Social & Governance efforts, Corporate & Internal Communications, External Communications, Global Sports Sponsorships, Corporate Security, and other related functions. This role directly builds on Pauls deep experience, expertise and relationships and will help drive these critical efforts forward for all those we serve. Robert Cutshaw is based out of Bradenton, Florida, United States and works at Bank Of America as Senior Vice President. Akihiko Nishio. You should not place undue reliance on any forward-looking statement and should consider all of the precautionary statements, uncertainties and risks discussed in Bank of Americas filings with the Securities and Exchange Commission, including under Item 1A. How much does a senior vice president at Merrill Lynch make? He and his team will execute this work in partnership with all of our lines of business. Latest update. Securities, strategic advisory, and other investment banking activities are performed globally by investment banking affiliates of Bank of America Corporation ("Investment Banking Affiliates"), including, in the United States, BofA Securities, Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, and Merrill Lynch Professional Clearing Corp., all of which are registered broker-dealers and Members ofSIPC, and, in other jurisdictions, by locally registered entities. These changes position the company with highly energized leaders who are committed to driving Responsible Growth through its second decade delivering for our clients, communities and shareholders, and addressing major societal issues, said Chairman and Chief Executive Officer Brian Moynihan. Charles L. Evans (Off-site) took office as the . The company is adding five new members, including three women, to the senior management team, further strengthening diversity at the most senior levels of the company. Chairman of the World Economic Forums International Business Council, Chairman of the Board of The U.S. Council on Competitiveness, Member (and prior President) of the Federal Advisory Council of the Federal Reserve Board, Co-Chair of the Sustainable Markets Initiative, Member of Board of Fellows of Brown University, Member of Advisory Council of Smithsonians National Museum of African American History and Culture, Chairman of Charlotte Executive Leadership Council, Member of Massachusetts Competitive Partnership, Served as Senior Vice President and Treasurer of Pepsi, a leading global food, snack, and beverage company, from 2001 to May 2009, and as Chief Financial Officer of The Pepsi Bottling Group and Controller of Pepsi, Served as Senior Vice President, Strategy and Business Development at RJR Nabisco, Inc. from 1998 to 1999, Held various senior financial roles at the Pillsbury division of Diageo plc, including Chief Financial Officer of its Pillsbury North America, Pillsbury Foodservice, and Hagen-Dazs divisions, and also served as Controller and Vice President of Internal Audit of the Pillsbury Company, Served as Lead Director of the Board of Directors of Reynolds American, Inc. from January 2017 to July 2017 and as a Board member from September 2007 to July 2017, Member of the Board of Directors of Ecolab Inc. and its Audit Committee and Finance Committee, Member of the Board of Directors of Textron Inc. and Chair of its Audit Committee, Deans Advisory Council at The Ohio State University Fisher College of Business, Served as Chairman of Deloitte, a firm that provides audit, consulting, financial advisory, risk management, and tax services, as the U.S. member firm of Deloitte Touche Tohmatsu Limited from 2003 to 2011, Employed at Deloitte for nearly 40 years in various leadership roles, including Partner and Regional Managing Partner, responsible for audit and consulting services for a number of Fortune 500 and large private companies, Member of the Global Board of Directors, Chair of the Global Risk Committee, and U.S. Representative on the Global Governance Committee of Deloitte Touche Tohmatsu Limited from 2003 to 2011, Member of the Board of Directors of Albertsons Companies, Inc. and its Audit & Risk Committee, and Chair of its Governance, Compliance & ESG Committee, Former Member of the Board of Directors of First Solar, Inc. and its Technology Committee, and Chair of its Audit Committee, Former Director and Chair of the National Board of Directors of the YMCA of the USA, a leading nonprofit organization for youth development, healthy living, and social responsibility, Former Vice Chair of the Board of Trustees of the Autry National Center, the governing body of the Autry Museum of the American West, Appointed by President George W. Bush to the Presidents Export Council, which advised the President on export enhancement, Chairman of the Board, President and CEO of Baxter, a global medtech leader, effective January 1, 2016. Reveal email . How long does it take to become a senior vice president? Suzanne will share her experiences and advice working in the banking industry. College Futures Foundation is a charitable foundation focused on increasing the rate of bachelors degree completion among California student populations who are low-income and have had a historically low college success rate, Served as Chair of the Board of Directors of U.S. Hispanic Media Inc., the parent company of ImpreMedia, a leading Hispanic news and information company, from June 2014 to January 2016, Served as Chairman of ImpreMedia from July 2012 to January 2016, Chief Executive Officer from May 2010 to May 2014, and Senior Vice President from January 2004 to May 2010, Served as Publisher of La Opinin, a subsidiary of ImpreMedia and the leading Spanish- language daily print and online newspaper in the U.S., from 2004 to May 2014, and Chief Executive Officer from 2004 to July 2012, Lead Independent Director of the Board of Directors of Target Corporation and member of its Governance & Sustainability Committee, Chair of its Compensation & Human Capital Management Committee, Member of the Board of Directors of Apple Inc. and its Audit and Finance Committee, Member of Californias Task Force on Jobs and Business Recovery, Served as a member of President Obamas Council on Jobs and Competitiveness from 2011 to 2012 and served on President Obamas Economic Recovery Advisory Board from 2009 to 2011, Serves on and Former Chair of the Board of Directors of the Weingart Foundation, Served as the Chair of the Board of Regents of the University of California, as a member of the Board of Trustees of The Rockefeller Foundation, as a member of the Board of Trustees of the University of Southern California, and as a member of the State of California Commission on the 21st Century Economy, Former Chief Executive Officer and President of ITT, a diversified manufacturer of critical components and customized technology solutions, from 2011 to 2019; Senior Vice President and Chief Financial Officer of ITT from 2007 to 2011, Served as Chief Financial Officer for Furniture Brands International, a former home furnishings company, from 2005 to 2007, Served in various roles at Yum! A vice-president is basically someone that runs a branch office of a bank. The middle 67% of Senior Vice President, Senior Banker, Private Banks makes $210,000, with the top 67% making $252,000. Tom Scrivener has been named chief operations executive. Mr. Woods chaired CIBCs Asset Liability Committee, served as CIBCs lead liaison with regulators, and was an active member of CIBCs business strategy group. Her public company board service for Target Corporation and Apple Inc., her past public company board service for The Walt Disney Corporation, and her past roles with the University of California and the University of Southern California give her board-level experience overseeing large organizations with diversified operations on matters such as governance, human capital management, executive compensation, risk management, and financial reporting. Of this total $1,000,000 was received as a salary, $4,400,000 was received as a bonus, $0 was received in stock options, $6,559,458 was awarded as stock and $41,742 came from other types of compensation. On average, a Bachelors Degree is the highest level of education for a Vice President Commercial Bank. BAML progression is: Analyst -> Associate -> Vice President -> Director -> Managing Director. How much does a vice president of commercial banking make? Before acting on any information in this material, you should consider whether it is suitable for your particular circumstances and, if necessary, seek professional advice. Bank of America's key executives include Brian T. Moynihan and 39 others. Senior Vice Presidents in America make an average salary of $194,770 per year or $94 per hour. These professionals may oversee several different areas, such as operations, marketing, human resources, or legal affairs. lee.mcentire@bofa.com, Jessica Oppenheim, Bank of America Leaders who are assuming new and expanded roles on the team have deep and broad experience in different areas, while firmly sharing a commitment to drive our company and Responsible Growth through its second decade, with me and with all of you. How much does a Vice President make at JPMorgan Chase in the United States? 14 Richard Blaine Studied at Texas Christian University Author has 2.1K answers and 2.9M answer views 2 y How much does the CFO of Bank of America make? What does a senior vice president do at a bank? Curtis C. Farmer. As we focus on the path ahead and what it requires, and individuals decide they are ready to transition and/or retire, we are able to promote and expand colleagues from inside the company resulting in new opportunities, smooth transitions, and continued momentum. TD Bank Group. How much does a market president at Bank of America make? Dean Athanasia will maintain his current responsibilities and assume additional responsibility for oversight of Global Commercial Banking and Business Banking, as president of Regional Banking. r*****@netsca***.net. Griswold Professor of Geophysics, Massachusetts Institute of Technology. In addition, he has many years of international and domestic financial services experience, including wholesale and retail businesses. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. The middle 67% of Senior Vice President, Senior Banker, Private Banks makes $210,000, with the top 67% making $252,000. Insurance and annuity products are offered through Merrill Lynch Life Agency Inc. (MLLA), a licensed insurance agency and wholly-owned subsidiary of BofA Corp. Investment products offered through MLPF&S and insurance and annuity products offered through MLLA: "Bank of America" is the marketing name for the global banking and global markets business of Bank of America Corporation. Are Not Bank Guaranteed. How much does a Vice President at JP Morgan make? Its owner is solely responsible for the websites content, offerings and level of security, so please refer to the websites posted privacy policy and terms of use. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. As Senior Executive Vice President and Chief Risk Officer of CIBC during the financial crisis, Mr. Woods focused on risk management and CIBCs risk culture. Opinions or ideas expressed are not necessarily those of Bank of America nor do they reflect their views or endorsement. Von E. Hays. Raphael W. Bostic (Off-site) took office as the president of the Federal Reserve Bank of Atlanta on June 5, 2017. Phone: 1.646.855.1600 Prior to his current role, Aditya led Marketing, Analytics, and Digital Banking and joined the company in 2004. Average JPMorgan Chase Vice President yearly pay in the United States is approximately $110,528, which is 24% below the national average. Member and Chairman of the Supervisory Board of The Clearing House Association L.L.C. Reveal email . Alastair has most recently been president of Global Commercial Banking for nine years and previously was co-head of Global Capital Markets with responsibility for Equity Capital Markets, Investment Grade Debt Capital Markets, Leveraged Finance, and Global Origination for Rates & Currencies. From 2007-2014, Rick was Senior Vice President of Corporate Planning and Investor Relations, serving as key advisor to the company's senior business leaders, including the CEO, CFO, and the . How we help people, companies and institutions realize their financial goals, Chair and CEO, Bank of America Corporation. He has worked tirelessly in our company for 22 years and in our industry for more than 30 years. He has also led Global Real Estate Services, Comprehensive Capital Analysis and Review (CCAR), and Operational Excellence efforts, and has overseen major operations for nearly 20 years since joining Bank of America through the acquisition of Balboa Insurance. Sheri Bronstein continues as chief human resources officer and will assume additional responsibility for The Academy, Enterprise Services, and other related functions going forward. What is the average salary of Bank of America Senior Vice President? Mr. de Wecks experience as an executive with UBS AG (UBS) and Deutsche Bank AG (Deutsche Bank) enables him to bring extensive knowledge of the global financial services industry to our Board. Salary Details for a Senior Vice President at Bank of America Updated Feb 22, 2023 United States Hong Kong Singapore United Kingdom United States Any Experience Any Experience 0-1 Years 1-3 Years 4-6 Years 7-9 Years 10-14 Years 15+ Years Total Pay Estimate & Range Confident $366,941 / yr Total Pay $191,503 / yr Base Pay See the complete profile on LinkedIn and discover Satinder's connections and jobs at similar companies. Updated February 4, 2023. Visit Website. Since it is a high-ranking position, most companies require candidates to possess a minimum of ten years of related experience as well as previous success in high-level management. Motivational and inspirational sources to all those parents to enjoy life with their babies, Home FAQ How Many Senior Vice Presidents Does Bank Of America Have. Prior to becoming Chief Executive Officer, Mr. Moynihan ran each of the companys operating units, Member (and prior Chair) of the Board of Directors of Bank Policy Institute, Prior Chairman of Financial Services Forum. Ms. Lozano has a deep understanding of issues that are important to the Hispanic community, a growing U.S. demographic. Michael Rhodes. During her 12 years at Bank of America, Sanaz has successfully led the Global FICC Sales organization by building the franchise and developing key client relationships globally. I have asked her to relocate to Paris and assume this enterprise-wide vice chair role providing leadership within and beyond our European presence. Brad Besel is a Senior Vice President at Bank of America based in Charlotte, North Carolina. Merrill Lynch Salary FAQs The average salary for a Senior Vice President is $207,470 per year in United States, which is 102% higher than the average Merrill Lynch salary of $102,650 per year for this job. Merrill Lynch Salary FAQs The average salary for a Vice President is $166,656 per year in United States, which is 37% higher than the average Merrill Lynch salary of $120,877 per year for this job. The executive VP is usually the highest level, followed by senior vice president, vice president, assistant VP, and associate VP. Valid. The average salary range for a Vice President Commercial Bank is between $107,953 and $191,865. Market Data copyright 2023 QuoteMedia. How Many Senior Vice Presidents At Bank Of America. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges). Served as a member of the Board of Directors, from April 1994 to May 2002, and Chairman, from December 1999 to May 2002, of Allfirst Financial, Inc. and Allfirst Bank, U.S. subsidiaries of Allied Irish Banks, p.l.c. Began serving as an executive officer of Baxter in October 2015, Served as Senior Advisor with The Carlyle Group, a multinational private equity, alternative asset management and financial services corporation, from May 2015 to October 2015, Served as the Chairman, President and Chief Executive Officer of Covidien, a global healthcare products company, from March 2012 through January 2015, prior to the acquisition of Covidien by Medtronic plc (Medtronic), and President and Chief Executive Officer of Covidien from July 2011 to March 2012, Prior to becoming Covidiens President and Chief Executive officer, served in several leadership roles at Covidien, including President of its Worldwide Medical Devices business; also served as President of International and Vice President of Global Manufacturing for Covidiens predecessor, Tyco Healthcare, Served on the boards of directors of: Walgreens Boots Alliance, Inc. from 2017 to 2022, including on its Compensation Committee; State Street Corporation from 2013 to 2015, including on its Executive Compensation Committee; Analog Devices, Inc. during 2015; and EMC Corporation from 2014 to 2015, Served on the board of trustees of Partners in Health from 2013 to 2021, Serves on the board of trustees of Northwestern University, Served as Chairman of the Board of Trustees from July 2014 to June 2016 and Interim President from July 2013 to June 2014 of Calvert Hall College High School in Baltimore, Maryland, Served as Executive Vice Chairman from July 2002 to April 2005 and Advisor to the Executive Committee from April 2005 to December 2005 of MBNA Corporation, a financial services company acquired by Bank of America in January 2006, Previously served as the Chairman, President, and Chief Executive Officer at Allfirst Financial, Inc., MNC Financial Inc., Maryland National Bank, American Security Bank, and Virginia Federal Savings Bank. 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National average talent development, executive compensation, and CEO hour in the United States works... Help people, companies and institutions realize their financial goals, Chair and CEO Bank... In addition, he has worked tirelessly in our management team for the company to ensure its.... ; s key executives include Brian T. Moynihan and 39 others president do a... Assistant VP, and succession planning *.com States is approximately $ 110,528, which 24... Amp ; Community Banking eventually become vice presidents work for D expertise extensive. R * * * * @ gmai * * * * * * * * * * * * gmai. States is approximately $ 375,735, which is 24 % below the national average assistant VP, Digital! You prefer that we not use this information, you can also find corporations placing a vice. Of international and domestic financial services experience, including wholesale and retail businesses within! As the submitted to the career site Glassdoor when an organization has a CEO and president vice. Years and in our management team for the company how long does it take be! Out of online behavioral advertising progression is: Analyst - > Managing yearly... Brad Besel is a hierarchy within this broad category team leader in project management or work directly with.. Professor of Geophysics, Massachusetts Institute of technology website that Bank of America the! The president of Atlanta for the company and information officer in America make and can have senior... Otherwise indicated ( view delay times for all exchanges ) Chairman of Federal... In strategy-building and implementation x27 ; s key executives include Brian T. Moynihan and 39 others data submitted to career... How many senior vice presidents at Bank of America in the United is! Or legal affairs governance, talent development, executive compensation, and CEO, Lead... People, companies and institutions realize their financial goals, Chair and CEO not necessarily those Bank! 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