David has most recently served as head of Digital Banking. Wendy is also president of Atlanta for the company. Contact details. Bank of America CEO Brian Moynihan plans to stay through. Member and Chairman of the Supervisory Board of The Clearing House Association L.L.C. How much does an MD make at JP Morgan? An assistant vice president may serve as a team leader in project management or work directly with clients. Dean joined our company in 1996, and since that time has held senior, increasing leadership roles across consumer, preferred, small business, corporate lending, corporate strategy, and technology. Bank of America salary trends based on salaries posted anonymously by Bank of America employees. Lee McEntire, Bank of America Senior management jobs generally include positions within the following groups: Director, Vice President, C-level, and CEO. Andrea Smith joined our company nearly 34 years ago and her exceptional career has spanned from her first role in technology to global head of Global Human Resources and to her most recent role as our chief administrative officer. What does a senior vice president do at a bank? Gail Caldwell Accountant at Nationwide Building Society Swindon . What is assistant vice president? 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. Yukio Johnson is a Private Client Advisor at Bank of America Private Bank, based in Walnut Creek. 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. How Do Rankings Work at the Different Banks? How much does a first vice president make? jerome.f.dubrowski@bofa.com. American Express Average base salary for vice presidents: $156,760. As I shared with our Board of Directors, it will continue to be my privilege to serve as CEO with them and with you. Job site Glassdoor shows the typical bank vice president or vice president investment banking salary to be close to $125,000 per year. 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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. Former Executive Vice Chairman, MBNA Corporation. How much does a Senior Vice President make at Bank of America in the United States? 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. 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. Von E. Hays. 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 . How we help people, companies and institutions realize their financial goals, Chair and CEO, Bank of America Corporation. 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. Sheila Redzepi. 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. 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.). Goldman Sachs Average base salary for vice presidents: $165,424 2. Are Not Bank Guaranteed. Reveal contact info . 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. Bank of America has not been involved in the preparation of the content supplied at the unaffiliated sites and does not guarantee or assume any responsibility for its content. September 27, 2021 Executive Vice President and General Counsel. Robin Leopold, Head of Human Resources. Visit Website. 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. Bank of America's Chairman of the Board and Chief Executive Officer is Brian T. Moynihan. He will also continue to serve on our Sustainable Markets Committee playing a critical, business leadership role in those efforts. Tyler is based out of Denver Metropolitan Area and works in the Banking industry. The estimated base pay is $208,108 per year. What level is vice president in a bank? In this way,who is senior vice president bank of america? Former Chairman and Global Head of Private Wealth Management, Deutsche Bank AG. 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. These leaders will report to me unless otherwise noted. Head of Global Research Candace Browning and the research organization will report to Paul. Ms. . Our Management Team will also include the following leaders in corporate-wide roles. When you visit these sites, you are agreeing to all of their terms of use, including their privacy and security policies. 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. The estimated base pay is $174,875 per year. An assistant vice president is usually a regional director who provides high level management for a highly trained staff. Because so many management employees eventually become vice presidents, there typically is a hierarchy within this broad category. Bank of America is one of the worlds leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. Bank Of America Senior Vice President Salary in the United States $266,908 Low Average $322,898 High $407,899 View Career and Salary Advice View Senior Vice President Hourly Wages View Company Info for Bank Of America Search Job Openings for Senior Vice President Curtis C. Farmer. Daniel Pinto, President and COO, JPMorgan Chase CEO, Corporate & Investment Bank, J.P. Morgan. 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. Comerica Incorporated's Senior Leadership Team members appear below. Reveal email . John Sletten is based out of Denver, Colorado, United States and works at Bank Of America as Senior Vice President. 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.). t*****@gmai***.com. Aditya will be responsible for designing and delivering technology solutions for all lines of business, staff support areas, and the broader enterprise and will also oversee Global Information Security, Technology Infrastructure, Independent Technical Assessment, and Global Business Services. (813) 225-8671. What is the average salary of Bank of America Senior Vice President? Phone: 1.980.388.6780 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. jessica.oppenheim@bofa.com, Jerry Dubrowski, Bank of America Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. Below are some things to consider when trying to figure out how many senior vice presidents does bank of america have. After decades of service in the private and public sectors, David is planning to retire in 2022. Lakshmi Shyam-Sunder. Brands Inc., an American fast-food company, from 2000 to 2005, including Chief Financial Officer of the U.S. Division of KFC Corporation and as Senior Vice President and Treasurer, Began her career at Atlantic Richfield Company, where she spent 21 years in a number of finance positions, Member of the Board of Directors of Phillips 66 and its Audit and Finance, Nominating and Governance, and Executive Committees, and Chair of its Public Policy and Sustainability Committee, Member of the Board of Directors of Raytheon Technologies Corporation and its Audit and Human Capital and Compensation Committees. An executive vice president is higher ranking than a senior VP, and generally has executive decision-making powers. The highest paid Senior Vice Presidents work for D . I have asked her to relocate to Paris and assume this enterprise-wide vice chair role providing leadership within and beyond our European presence. Salary information comes from 3 data points collected directly from employees, users, and past and present job advertisements on Indeed in the past 36 months. Mr. Woods chaired CIBCs Asset Liability Committee, served as CIBCs lead liaison with regulators, and was an active member of CIBCs business strategy group. 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. Vice president. Former CEO, AmerisourceBergen Corporation. The top 10 percent makes over $302,000 per year, while the bottom 10 percent under $125,000 per year. Usually Vice Presidents (VPs) and Senior Vice Presidents (SVPs) report to C-level executives. 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. Personal email. Sanaz will transition through the end of the year, working with her team to ensure a seamless handover. 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 . Previously, Tom was head of Consumer, Small Business & Wealth operations. In business, the duties of vice presidents vary with the organization. A vice-president is basically someone that runs a branch office of a bank. MLPF&S is a registered broker-dealer, registered investment adviser, MemberSIPCand a wholly owned subsidiary of BofA Corp. Trust and fiduciary services are provided by Bank of America Private Bank, a division of Bank of America, N.A., Member FDIC, and a wholly-owned subsidiary of Bank of America Corporation (BofA Corp.). If organized as a division then the top manager is often known as an executive vice president (EVP). A better range would go from $80,000 to $200,000. Robert Cutshaw is based out of Bradenton, Florida, United States and works at Bank Of America as Senior Vice President. An investment bank vice president is treated as an individual with their own thoughts and opinions. This number represents the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. Through his service on public company boards, he has board-level experience overseeing large, complex public companies in various industries, which provides him with valuable insights on corporate governance, human capital management, and risk management. As a Senior Vice President (SVP) of commercial lending, you oversee the handling of commercial loans. September 26, 2021 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. He will also continue as a vice chair of our Global Diversity & Inclusion Council. In addition, Mr. Yost has experience leading a large, complex business. Thong Nguyen continues as vice chair and head of Global Strategy & Enterprise Platforms including Enterprise Data Management, and will assume additional responsibility for Global Real Estate, Business Continuity, and other related functions. Suzanne is Senior Vice President and Senior Trust Officer at Bank of America. As I shared with our Board of Directors, it will continue to be my privilege to serve with them as CEO as we drive Responsible Growth through its second decade.. Great company to advance and grow. lee.mcentire@bofa.com, Jessica Oppenheim, Bank of America Dr. Roses service as President of Bowdoin College, and as professor at the Harvard Business School, has provided him with opportunities to lead a large and complex organization and to research and analyze current issues in the financial services industry. Reveal contact info . Bruce Thompson continues as vice chair and head of Wholesale Credit, including Wholesale Credit Strategy which will move to his organization. On average, a Bachelors Degree is the highest level of education for a Vice President Commercial Bank. Some companies also use the term B-level executive to describe mid-level managers. Lauren Mogensen will become global general counsel for the company, succeeding David at the end of this year. Great understanding of business functions (Sales, Engineering, etc.). 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 . We established the path forward for our company nearly 12 years ago as we emerged from the global financial crisis with our focus on Responsible Growth. In her role as Vice President for Research at Massachusetts Institute of Technology (MIT), Dr. Zuber oversees multiple laboratories and research centers and is also responsible for intellectual property and research integrity and compliance, as well as research relationships with the federal government. Phone: 1.646.855.1195 (office), 508.843.5626 (mobile) 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. 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. Average Capital One Vice President yearly pay in the United States is approximately $182,349, which is 25% above the national average. Morgan Stanley progression is: Associate -> VP -> ED -> MD. Below is the letter that Moynihan shared with the companys teammates today. As our Chief Executive Officer, Mr. Moynihan conceived of and leads our approach to Responsible Growth, based on driving a straightforward business model serving three client groups with core financial services, which has delivered record earnings and significant capital return to shareholders. This material does not take into account your particular investment objectives, financial situations or needs and is not intended as a recommendation, offer or solicitation for the purchase or sale of any security, financial instrument, or strategy. Certain links may direct you away from Bank of America to an unaffiliated site. How much does a VP at Merrill Lynch make? The life of an investment bank vice president centers on two responsibilities: completing pitch books and managing client relationships. How much does a vice president of commercial banking make? She was also chief operating officer in our wealth management businesses and joined the bank in 1996. The middle 67% of Senior Vice President, Senior Banker, Private Banks makes $210,000, with the top 67% making $252,000. You can also find corporations placing a senior vice president in strategic roles within the company to ensure its success. A large corporation typically has one or a few executives and can have several senior vice presidents. Citi progression is: AVP -> VP -> SVP -> Director -> MD. Dr. Roses extensive financial industry board service gives him further insight into key issues facing financial institutions. Content contained herein may have been produced by an outside party that is not affiliated with Bank of America or any of its affiliates (Bank of America). Bank of America has not been involved in the preparation of the content supplied at the unaffiliated sites and does not guarantee or assume any responsibility for its content. Mr. Moynihan has demonstrated leadership qualities, management capability, knowledge of our business and industry, and a long-term strategic perspective. The average salary for a Market Leader is $86,065 per year in United States, which is 32% lower than the average Bank of America salary of $127,050 per year for this job. You work in a bank or other financial institution and focus on both customer service and financial tasks. Are Not a Condition to Any Banking Service or Activity. An executive vice president is higher ranking than a senior VP, and generally has executive decision-making powers. Comerica Incorporated and Comerica Bank. Typically, this role is second in command to the president of the company; and, other vice presidents may report to the executive vice president. His board service with public companies gives him experience with risk management, global operations, and regulated businesses. Mr. de Wecks service as Chief Credit Officer of UBS provides him with further credit risk management experience. Bank of America is a great company for anyone that's a self-starter and puts emphasis on continuous growth. 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. Raphael W. Bostic (Off-site) took office as the president of the Federal Reserve Bank of Atlanta on June 5, 2017. Vice President salaries at Bank of America can range from 10,41,047 1,35,60,586 per year. Senior management jobs generally include positions within the following groups: Director, Vice President, C-level, and CEO. A senior vice president is a title which is earned through seniority. 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. 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. 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. Likewise,how much does a senior vice president of bank of america make? 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. The company provides unmatched convenience in the United States, serving approximately 66 million consumer and small business clients with approximately 4,300 retail financial centers, approximately 17,000 ATMs, and award-winning digital banking with approximately 41 million active users, including approximately 32 million mobile users. Who is higher ranking, a COO or a VP of operations? After more than six years in his current role, Paul has expressed his desire to contribute to our organization in new ways going forward, in line with his priorities for the next phase of his career. 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. Assistant vice presidents may or may not supervise other employees, although they are generally responsible for mentoring and guiding new hires. You can also find corporations placing a senior vice president in strategic roles within the company to ensure its success. She most recently was co-head of Global Commercial Banking in the southeast and head of Wholesale Credit Strategy. 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. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. September 26, 2021 How much does a Vice President make at JPMorgan Chase in the United States? Dr. Zubers role as Senior Research Scientist and experiences in leadership roles on nine space exploratory missions with the National Aeronautics and Space Administration (NASA) enable her to bring a breadth of risk management, geopolitical insights, and strategic planning expertise to our Board. 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 . Here's how it works: We gather information about your online activities, such as the searches you conduct on our Sites and the pages you visit. Bernard Hampton Managing Director, Preferred Banking Executive. Wendy W. Bridges. Alastair Borthwick has been named chief financial officer, effective in the fourth quarter. He and his team will execute this work in partnership with all of our lines of business. Why is everyone at a bank a vice president? Ann Shaler Senior Vice President. 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. 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. Served as Senior Vice President at Avon Products, Inc. The diversity of roles across this expansive company provides a solid career foundation. Average JPMorgan Chase Vice President yearly pay in the United States is approximately $110,528, which is 24% below the national average. 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. Md make at Bank of America Private Bank, J.P. Morgan placing a senior vice president in strategic within. Chase vice president in strategic roles within the company to ensure a seamless handover president do at a.... Supervise other employees, although they are generally responsible for mentoring and guiding new hires agreeing to all their... Mr. Yost has experience leading a large, complex business JPMorgan Chase vice investment. Federal Reserve Bank of America in the Banking industry Bank of America Private Bank, based in Walnut Creek for! In this way, who is senior vice president of commercial Banking make a great company for anyone &! Ranking, a growing U.S. demographic America CEO Brian Moynihan plans to stay.. 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