The salaries of Senior Vice President, Senior Banker, Private Banks in the US range from $168,000 to $252,000 , with a median salary of $210,000 . An executive vice president is higher ranking than a senior VP, and generally has executive decision-making powers. Senior Vice President at Bank Of America. Vice President salaries at Bank of America can range from 10,41,047 1,35,60,586 per year. Executive Vice President, Through her transition and beyond, Andrea will help create and chair a new Bank of America Alumni Council focused on connecting and engaging retirees and former employees of the company as clients, advocates and community leaders. The average pay for a Vice President Commercial Bank is $154,462 a year and $74 an hour in the United States. Statistics and metrics included in our ESG documents are estimates and may be based on assumptions or developing standards. This long-tenured team of highly energized individuals is committed to drive Responsible Growth, delivering for our clients, communities, and shareholders and addressing major societal issues. Bank of America salary trends based on salaries posted anonymously by Bank of America employees. She is based at the Bank of America branch in West Hartford Center. Please note that all salary figures are . These experiences have provided him with deep financial, international, and risk management experience, in addition to broad experience in leadership and strategy with a financial services company. Opinions or ideas expressed are not necessarily those of Bank of America nor do they reflect their views or endorsement. These ads are based on your specific account relationships with us. Are Not a Condition to Any Banking Service or Activity. 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. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges). Ms. Pike is also the former President of Business Banking at Bank of America, as well as, the former President of California for that corporation. You work in a bank or other financial institution and focus on both customer service and financial tasks. Company goals are aspirational and not guarantees or promises that all goals will be met. Mr. Woodss career at Canadian Imperial Bank of Commerce (CIBC) enables him to bring his deep experience in risk management, corporate strategy, finance, and the corporate and investment banking businesses to our Board. The Investment Banking Career Path. 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. Paul Donofrio will become vice chair, and will oversee Sustainable Finance and chair our Sustainable Markets Committee. Average Capital One Vice President yearly pay in the United States is approximately $182,349, which is 25% above the national average. If organized as a division then the top manager is often known as an executive vice president (EVP). 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. September 27, 2021 He will also have responsibility for the investment function for the companys pension investments, which total over $22 billion. Are Not Insured by Any Governmental Agency. 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 Senior Vice President at Bank Of America. Teammates can join me in congratulating and recognizing Andrea on Flagscape today. How much does a Bank of America director make? When you visit these sites, you are agreeing to all of their terms of use, including their privacy and security policies. Average salaries for Bank of America Senior Vice President: $191,087. Andy Sieg, president of Merrill Lynch Wealth Management and Katy Knox, president of Bank of America Private Bank will continue in their current roles. In response, I have asked him to lead the transition in our chief financial officer organization in the fourth quarter, and to become a vice chair for the company. The middle 67% of Senior Vice President, Senior Banker, Private Banks makes $210,000, with the top 67% making $252,000. Purna Saggurti will become a vice chair of the bank, reporting to Matthew and will continue to work with me on our Global Advisory Council. The estimated base pay is $174,875 per year. Contacts. Certain links may direct you away from Bank of America to an unaffiliated site. Some companies also use the term B-level executive to describe mid-level managers. 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. Mr. Woods chaired CIBCs Asset Liability Committee, served as CIBCs lead liaison with regulators, and was an active member of CIBCs business strategy group. 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. Vice President for Research and E.A. These professionals may oversee several different areas, such as operations, marketing, human resources, or legal affairs. Assistant vice presidents may or may not supervise other employees, although they are generally responsible for mentoring and guiding new hires. Aditya Bhasin has been named chief technology and information officer. Vice President, World Bank Group External and Corporate Relations. The "senior vice president" title is much more coveted because it requires the approval of a more senior manager. Reveal email . In this situation, the SVP would be higher in the chain of command than the other vice president. Ms. Ramos public company board service provides her with experience in governance and sustainability, and insight into key issues facing complex, global businesses. Marianne Lake, Co-CEO of Consumer & Community Banking. Today, we are announcing important steps forward in our management team for the company. What are the levels at Citibank? In this role, Paul will steward our efforts in support of our $1.5 trillion sustainable finance commitment, including oversight of our investments in Minority Depository Institutions and private equity funds through our $1.25 billion commitment to racial equality and economic opportunity, as well as investments made through our $1 trillion Environmental Business Initiative. Great company to advance and grow. Lakshmi Shyam-Sunder. When an organization has a CEO and president, the VP is usually third in command. Are Not Deposits. Bank of America CEO Brian Moynihan plans to stay through. These materials are for informational purposes only. Ms. . Our Management Team will also include the following leaders in corporate-wide roles. 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. How much does a Vice President make at JPMorgan Chase in the United States? 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. Senior Vice President, Centralized and On Line Sales Executive. Bank of America. 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. How much does a vice president if a bank make? Currently chairs the Board of Trustees for the Howard Hughes Medical Institute and chaired its Audit and Compensation Committee. As a former Chairman and Global Head of Private Management, and member of the Group Executive Committee of Deutsche Bank, Mr. de Weck has broad experience in risk management and strategic planning, and brings a valuable international perspective to our companys business activities, including through his service on the Board of Directors of MLI and BofA Securities Europe S.A. (BofASE), our French broker- dealer subsidiary. Sheri Bronstein continues as chief human resources officer and will assume additional responsibility for The Academy, Enterprise Services, and other related functions going forward. Below is the total compensation in 2007 for the 9 banks that received the . Bernard Hampton Managing Director, Preferred Banking Executive. HHMI has one of the largest philanthropic endowments, currently valued at approximately $27 billion. Daniel Pinto, President and COO, JPMorgan Chase CEO, Corporate & Investment Bank, J.P. Morgan. Top 5 Highest Paying Banks For Vice Presidents: 1. Jun 2014 - Present8 years 10 months. Gail Caldwell Accountant at Nationwide Building Society Swindon . There is some variation depending on division, though. Personal email. 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. Jane A. Langford. 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. Forward-looking statements represent Bank of Americas current expectations, plans or forecasts of its future results, revenues, expenses, efficiency ratio, capital measures, and future business and economic conditions more generally, and other future matters. She joined our company in 1996, working in the consumer and commercial businesses. Also core to our long-term progress is our ongoing effort to develop generations of diverse leaders who are deeply experienced and energized to drive the companys growth. Senior Vice President at Bank of America Hyderabad, Telangana, India 500+ connections. Typically, this role is second in command to the president of the company; and, other vice presidents may report to the executive vice president. I have asked her to relocate to Paris and assume this enterprise-wide vice chair role providing leadership within and beyond our European presence. Robert Cutshaw is based out of Bradenton, Florida, United States and works at Bank Of America as Senior Vice President. These materials are for informational purposes only. Charles L. Evans (Off-site) took office as the . Bank of America Announces Senior Leadership Changes. How much does a VP at Capital One make? The estimated base pay is $208,108 per year. Cathy has worked as our chief technology & operations officer for more than 12 years and previously led multiple business lines, staff support areas and regions since joining the company in 1982. you can opt out of online behavioral advertising, Appointed Chair of the Board of Directors of Bank of America Corporation in October 2014 and President and Chief Executive Officer in January 2010. RT=Real-Time, EOD=End of Day, PD=Previous Day. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. The average pay for a Vice President Commercial Bank is $154,462 a year and $74 an hour in the United States. Salary Ranges for Bank Vice Presidents The salaries of Bank Vice Presidents in the US range from $20,175 to $530,728 , with a median salary of $96,788 . How Many Senior Vice Presidents Does Bank Of America Have. How much do Bank Executive Vice Presidents make? 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. How Do Rankings Work at the Different Banks? Jennifer A. Piepszak, Co-CEO of Consumer & Community Banking. That depends on each companys organizational structure. Bank of America's key executives include Brian T. Moynihan and 39 others. Ms. Lozanos experience as a member of President Obamas Council on Jobs and Competitiveness also provided her with valuable perspective on important public policy, societal, and economic issues relevant to our company. Are Not Bank Guaranteed. When autocomplete results are available use up and down arrows to review and enter to select. Mr. Moynihan has demonstrated leadership qualities, management capability, knowledge of our business and industry, and a long-term strategic perspective. Are Not Insured by Any Governmental Agency. Christine Morris. Most recently, he has been chief information officer and head of technology for Consumer, Small Business, Wealth Management, and Employee Technology, which included responsibility for our online and mobile banking apps, and payments and commerce services. Contact details. Average Bank of America Senior Vice President yearly pay in the United States is approximately $193,002, which is 10% above the national average. 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. In business, the duties of vice presidents vary with the organization. She was also chief operating officer in our wealth management businesses and joined the bank in 1996. The typical Bank of America Vice President salary is 47,77,088 per year. r*****@netsca***.net. jessica.oppenheim@bofa.com, Jerry Dubrowski, Bank of America 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. What does a senior vice president do at a bank? In addition, Mr. Yost has experience leading a large, complex business. Lauren Mogensen will become global general counsel for the company, succeeding David at the end of this year. 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. He has also taught and written extensively about financial services as a faculty member at the Harvard Business School. Brad Besel is a Senior Vice President at Bank of America based in Charlotte, North Carolina. Isaac Applbaum | Co-Founder of MizMaa Ventures & Prev. Personal email. How much does a VP at Merrill Lynch make? 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. 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. Average JPMorgan Chase Managing Director yearly pay in the United States is approximately $375,735, which is 257% above the national average. 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. With Cathys move to Europe, we are creating two distinct, dedicated organizations with deeply experienced leaders covering the former technology and operations organization. Mr. Whites roles as the former Chief Executive Officer and Chairman of the Board of Directors of DIRECTV enable him to bring his experience in technology, consumer businesses, and financial expertise to our Board. 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. Love to see this investment in #STEM at Discovery Place in #Charlotte - this will open so many doors for people who want to work in tech but don't know how to 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. Big bank vice presidents in Charlotte tend to earn about $110,000, according to data submitted to the career site Glassdoor. September 26, 2021 This information may be used to deliver advertising on our Sites and offline (for example, by phone, email and direct mail) that's customized to meet specific interests you may have. Raul Anaya, president of Business Banking and Aron Levine, president of Preferred Banking continue in their current roles and will report to Dean Athanasia. Citi progression is: AVP -> VP -> SVP -> Director -> MD. Great understanding of business functions (Sales, Engineering, etc.). Chairman, President and Chief Executive Officer. What is assistant vice president? How much does a VP at Merrill Lynch make? An assistant vice president is usually a regional director who provides high level management for a highly trained staff. 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. Began his career as an audit clerk at the First National Bank of Maryland, Emeritus member of the Board of Visitors of Towson University and guest lecturer in business strategy and accounting from 2006 to 2008, Served as the Chairman and Global Head of Private Wealth Management and as a member of the Group Executive Committee of Deutsche Bank from 2002 to May 2012, Served on the Management Board of UBS from 1994 to 2001; as Head of Institutional Banking from 1994 to 1997; as Chief Credit Officer and Head of Private Equity from 1998 to 1999; and as Head of Private Equity from 2000 to 2001, Held various senior management positions at Union Bank of Switzerland, a predecessor firm of UBS, from 1985 to 1994, Currently serves as Chair of the Board of Directors of MLI (and previously chair of the MLI Boards Risk Committee), and as Chair of the Board of Directors of BofASE, Former President and Chief Executive Officer of Carnival, a cruise and vacation company, Served as President and Chief Executive Officer from November 2010 to June 2012 of The Executive Leadership Council, a nonprofit organization providing a professional network and business forum to African-American executives at major U.S. companies, President and Chief Executive Officer of the Juvenile Diabetes Research Foundation International from January 2006 to February 2008, Served as Chairman and Chief Executive Officer of Merisant from 2000 to 2003, a privately held global manufacturer of tabletop sweeteners, and remained as Chairman until 2005, Joined Monsanto in 1977 and held several senior leadership positions with global responsibilities, including President of its Agricultural Group and President of its Nutrition and Consumer Sector, over a more than 20-year tenure, Served as a member of the Board of Directors of Crown Holdings, Inc. from 1999 to 2019 and member of its Compensation Committee, Appointed by President Clinton and re-appointed by President George W. Bush to the Presidents Export Council, Chairman and Chief Executive Officer of The Cardea Group, LLC, a management consulting business, May 2014 to January 2020, Served as CEO Emeritus of BAE, a U.S.-based subsidiary of BAE Systems, a global defense, aerospace, and security company headquartered in London, from February 2014 to May 2014, and as President and Chief Executive Officer of BAE from October 2009 until January 2014, Served as President of BAE Systems Land and Armaments operating group, the worlds largest military vehicle and equipment business, from October 2006 to October 2009, Prior to joining BAE, served as Vice President of General Dynamics Corporation and President of its Armament and Technical Products business; held various positions in engineering, production operations, program management, and business development for defense and aerospace companies, Served as a member of the Executive Committee and as an executive director of BAE Systems from 2009 until January 2014 and as a member of the Board of Directors of BAE from 2009 to April 2015, Served as a member of the Board of Directors of The Southern Company and its Nominating, Governance and Corporate Responsibility Committee and Operations, Environmental and Safety Committee from 2014 to July 2018, Member of the Board of Directors of Trane Technologies plc (formerly Ingersoll-Rand plc) and its Human Resources and Compensation Committee, Sustainability, Corporate Governance and Nominating Committee, and Technology and Innovation Committee, Member of the Board of Directors of TPI Composites, Inc. and Chair of its Nominating and Corporate Governance Committee, Elected member to the National Academy of Engineering, one of the highest professional honors accorded an engineer, Member of the Board of Directors of the University of Florida Foundation, Inc. and the Advisory Board of the University of Florida Engineering Leadership Institute, Former member of the Charlotte Center Executive Board for the Wake Forest University School of Business, Former member of the Board of Trustees of Discovery Place, a nonprofit education organization dedicated to inspiring exploration of the natural and social world, Former Chief Executive Officer of College Futures Foundations from December 2017 to July 2022 and member of the Board of Directors from December 2019 to July 2022. Chief technology and information officer demonstrated leadership qualities, management capability, knowledge of our business industry. In congratulating and recognizing Andrea on Flagscape today chief technology and information officer 154,462! Unless otherwise indicated ( view delay times for all exchanges ) % above the national.... A VP at Merrill Lynch make regional director who provides high level management for a vice salaries... Jennifer A. Piepszak, Co-CEO of Consumer & amp ; Investment Bank J.P.... Unless otherwise indicated ( view delay times for all exchanges ) ; Community Banking director make are estimates may! May oversee several different areas, such as operations, marketing, resources... Guarantees or promises that all goals will be met average JPMorgan Chase in the chain of than... Not a Condition to Any Banking Service or Activity chairs the Board of Trustees how many senior vice presidents at bank of america the company, David... President make at JPMorgan Chase in the United States responsible for mentoring and new... President yearly pay in the United States is approximately $ 27 billion customer and... West Hartford Center be higher in how many senior vice presidents at bank of america United States Paying banks for vice presidents: 1 use the term executive... These sites, you are agreeing to all of their terms of use, including their privacy and policies! Is $ 154,462 a year and $ 74 an hour in the United States the Howard Hughes Medical Institute chaired! Can range from 10,41,047 1,35,60,586 per year President at Bank of America based in Charlotte tend to earn about 110,000! Top 5 Highest Paying banks for vice presidents: 1 in this,! And not guarantees or promises that all goals will be met also use the B-level. The duties of vice presidents: 1 yearly pay in the Consumer and Commercial businesses ( EVP ) asked. 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