This builds on the tremendous impact Cathy has had in the company including through her efforts to develop talented, highly capable leaders for the future. Vice President salaries at Bank of America can range from 10,41,047 1,35,60,586 per year. How much does a Bank of America director make? Average JPMorgan Chase Vice President yearly pay in the United States is approximately $110,528, which is 24% below the national average. Our Management Team will also include the following leaders in corporate-wide roles. Latest update. 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 . jessica.oppenheim@bofa.com, Jerry Dubrowski, Bank of America Board of Directors Brian T. Moynihan Chair and CEO, Bank of America Corporation View Bio Lionel L. Nowell III Lead Independent Director, Bank of America Corporation; Former SVP and Treasurer, PepsiCo, Inc. View Bio Sharon L. Allen Former Chairman, Deloitte LLP View Bio Jos (Joe) E. Almeida This role directly builds on Pauls deep experience, expertise and relationships and will help drive these critical efforts forward for all those we serve. Senior Vice President, Digital Banking (Current Employee) - San Francisco, CA - October 28, 2019. 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. 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. He will also have responsibility for the investment function for the companys pension investments, which total over $22 billion. Greater Seattle Area. 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. Is VP higher than coo? Comerica Incorporated and Comerica Bank. Bank of America Salary FAQs The average salary for a Senior Vice President is $192,196 per year in United States, which is 20% lower than the average Bank of America salary of $241,607 per year for this job. 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. Ms. Ramoss role as former Chief Executive Officer of ITT Inc. (ITT) enables her to bring senior executive leadership experience to our Board. When all of the changes are complete, Bank of Americas senior management team will include individuals with an average of 21 years of service in the company and 31 years in the financial services industry, with increased global and international expertise; and more diversity of gender and race than ever before in the companys history. RT=Real-Time, EOD=End of Day, PD=Previous Day. Market Data powered by QuoteMedia. If you opt out, though, you may still receive generic advertising. 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. 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. Jane A. Langford. Contact details. Senior Vice President at Bank Of America. 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. Member FDIC.Equal Housing Lender 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. Top 5 Highest Paying Banks For Vice Presidents: 1. 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. What does a senior vice president do at a bank? That depends on each companys organizational structure. A better range would go from $80,000 to $200,000. How much do senior vice presidents of banks make? Is SVP higher than VP? He will also continue as a vice chair of our Global Diversity & Inclusion Council. The top 10 percent makes over $302,000 per year, while the bottom 10 percent under $125,000 per year. May Lose Value. How much does a Vice President at JP Morgan make? How much does a vice president of commercial banking make? The estimated base pay is $208,108 per year. HHMI has one of the largest philanthropic endowments, currently valued at approximately $27 billion. The average salary range for a Vice President Commercial Bank is between $107,953 and $191,865. Vice president. Served as Vice Chairman, headed two lines of businessGlobal InvestmentBanking and Global Equitiesand was a member of JPMorgan Chases senior management team during his approximately twenty-year tenure at JPMorgan Chase. BofA Securities, Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated and Merrill Lynch Professional Clearing Corp. are registered as futures commission merchants with the CFTC and are members of the NFA. May Lose Value. 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 Raul Anaya, president of Business Banking and Aron Levine, president of Preferred Banking continue in their current roles and will report to Dean Athanasia. Bank of America does not assume liability for any loss or damage resulting from anyone's reliance on the information provided. 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. Former Executive Vice Chairman, MBNA Corporation. 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.). How Many Senior Vice Presidents Does Bank Of America Have. How we help people, companies and institutions realize their financial goals, Chair and CEO, Bank of America Corporation. Senior Vice President Location United States How much does a Senior Vice President make at Bank of America in the United States? Why is everyone at a bank a vice president? Until that time, I have asked him to become vice chair, providing his expert stewardship on key issues and priorities on our management team. 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. Senior Vice Presidents in America make an average salary of $194,770 per year or $94 per hour. Teammates can join me in congratulating and recognizing Andrea on Flagscape today. 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. Certain links may direct you away from Bank of America to an unaffiliated site. Contact details. How much do Bank Executive Vice Presidents make? Reveal contact info . Mr. Woods chaired CIBCs Asset Liability Committee, served as CIBCs lead liaison with regulators, and was an active member of CIBCs business strategy group. Personal email. Mr. Almeidas business background also includes significant international experience, and as a native of Brazil, he brings a diverse perspective to our Board. Valid. The "senior vice president" title is much more coveted because it requires the approval of a more senior manager. 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. Vice President for Research and E.A. Contacts. 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. 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. The Investment Banking Career Path. In business, the duties of vice presidents vary with the organization. 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. She joined the bank in 2001, having previously been a partner and member of the executive committee of a major law firm. Sharon Miller will continue to lead Small Business and take on additional responsibilities to include Specialty and Auto Lending. Mr. de Wecks service as Chief Credit Officer of UBS provides him with further credit risk management experience. Updated February 4, 2023. Are Not Deposits. 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. Typically, senior managers are higher than vice presidents, although many times a senior officer may also hold a vice president title, such as executive vice president and chief financial officer (CFO). Average Senior Vice President Salary $194,770 Yearly $93.64 hourly $125,000 10% $194,000 Median $302,000 90% See More Salary Information What Am I Worth? Ms. Lozanos roles as the former Chief Executive Officer of College Futures Foundation, a charitable foundation working to increase the rate of college graduation for low-income California students, and as the former Chairman and Chief Executive Officer of ImpreMedia LLC (ImpreMedia), a leading Hispanic news and information company, enable her to bring her broad leadership experience in areas such as operations, marketing, and strategic planning to our Board. Bank of America salary trends based on salaries posted anonymously by Bank of America employees. As we stated then, we drive Responsible Growth through four tenets: we must grow and win in the market; we must grow through our customer-focused strategy serving people, companies and institutions; we must grow in alignment with our risk framework; and we must grow in a sustainable manner through operational excellence, being a great place to work, and sharing success with our communities. Robert Cutshaw is based out of Bradenton, Florida, United States and works at Bank Of America as Senior Vice President. 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. Executive Vice President and General Counsel. Cathy Bessant will become vice chair, Global Strategy working with our European boards and focused on our global integrated strategy, governance, and client and regulator engagement. 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. 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.. Requirements. The assistant vice president role in most organizations is a senior management position. Holly has most recently been chief client care executive & head of Consumer Client Services, including oversight of all client contact centers in the company. Bank of America Announces Senior Leadership Changes. These forward-looking statements represent the current expectations, plans or forecasts of Bank of America based on available information. 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. How Do Rankings Work at the Different Banks? The middle 57% of Bank Vice Presidents makes between $96,790 and $241,095, with the top 86% making $530,728. Currently chairs the Board of Trustees for the Howard Hughes Medical Institute and chaired its Audit and Compensation Committee. Visit Website. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have . 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. Suzanne will share her experiences and advice working in the banking industry. Chairman, President and Chief Executive Officer of Baxter International Inc. Mr. Almeida brings extensive experience leading, operating and transforming complex, highly-regulated global corporations to our Board as a result of his roles as Chairman, President and Chief Executive Officer at Baxter International Inc. (Baxter) and Covidien plc (Covidien) and his other senior management roles. 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. Below are some things to consider when trying to figure out how many senior vice presidents at bank of america. Dr. Roses PhD research and studies at the University of Pennsylvania in sociology with a focus on issues of race in America, and leadership of diversity, equity, and inclusion initiatives at JPMorgan Chase, gives him insight into human capital management issues, including diversity, equity, and inclusion. Gail Caldwell Accountant at Nationwide Building Society Swindon . Are Not Insured by Any Governmental Agency. Typically, this role is second in command to the president of the company; and, other vice presidents may report to the executive vice president. We strive to provide you with information about products and services you might find interesting and useful. Anita O'Dell. How does the salary as a Market Leader at Bank of America compare with the base salary range for this job? 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. 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. Former Chairman, President and CEO, DIRECTV Lead Director, Kimberly-Clark Corporation. These ads are based on your specific account relationships with us. Ms. Allens responsibility for audit and consulting services in various positions with Deloitte LLP (Deloitte) enables her to bring extensive audit, financial reporting, and corporate governance experience to our Board. Mr. White has experience leading a large and highly regulated business. Career advice on becoming a Senior Vice President. Ms. Lozano has a deep understanding of issues that are important to the Hispanic community, a growing U.S. demographic. Her leadership positions with Deloitte give her broad management experience with large, complex businesses and an international perspective on risk management and strategic planning. Executive Director, Corporate Responsibility. Who is higher CEO or VP? Senior Vice President (Current Employee) - Dallas-Fort Worth, TX - May 3, 2022 Broken, disconnected systems, unvetted processes on top of processes, where the culture is pile on more accountability (aka tracking) where its common to track things in 3+ systems with zero lift in value. Bank of America CEO Brian Moynihan plans to stay through. When you visit these sites, you are agreeing to all of their terms of use, including their privacy and security policies. 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 . Chairman, President and Chief Executive Officer. Served as a Management Consultant at Bain & Company and Arthur Andersen & Co. Lead Director of the Board of Directors of Kimberly-Clark Corporation, Chair of its Executive Committee; Member of the Board of Directors of Whirlpool Corporation, Chair of its Audit Committee, and member of its Corporate Governance and Nominating Committee, Member of the Boston College Board of Trustees, Vice Chairman of The Partnership to End Addiction and Vice-Chairman of the Mariinsky Foundation of America, which supports the Mariinsky Opera, Ballet, and Orchestra and the Academy for young singers and the young musicians orchestra, Served as Vice Chairman and Senior Executive Vice President of CIBC, a leading Canada-based global financial institution, from July 2013 until his retirement in December 2014, Served as Senior Executive Vice President and Chief Risk Officer of CIBC from 2008 to July 2013, and Senior Executive Vice President and Chief Financial Officer of CIBC from 2000 to 2008, Employed at Wood Gundy, a CIBC predecessor firm, starting in 1977; served in various senior leadership positions, including as Controller of CIBC, as Chief Financial Officer of CIBC World Markets (CIBCs investment banking division), and as the Head of CIBCs Canadian Corporate Banking division, Served as Chair of the Board of Directors of Hydro One Limited, a publicly traded and Toronto Stock Exchange listed electricity transmission and distribution company serving the Canadian province of Ontario, from August 2018 to July 2019, Member of the Board of Directors of MLI, chair of its Risk Committee, and member of its Governance Committee, Currently serves as a member of the Board of Directors of Alberta Investment Management Corporation, a Canadian institutional investment fund manager, and on the advisory committee of Cordiant Capital Inc., a fund manager specializing in emerging markets, Former member of the Board of Directors of Jarislowsky Fraser Limited, a global investment management firm, from 2016 to 2018, former member of the Boards of Directors of DBRS Limited and DBRS, Inc., an international credit rating agency, from 2015 to 2016, and former member of the Board of Directors of TMX Group Inc., a Canada-based financial services company, from 2012 to 2014, Member of the University of Toronto College of Electors, and the Board of Advisors of the Department of Mechanical and Industrial Engineering, Served as Chief Executive Officer of AmerisourceBergen, a pharmaceutical services company providing drug distribution and related services to healthcare providers and pharmaceutical manufacturers, from 2001 until his retirement in July 2011, and as President from 2001 to 2002 and again from September 2007 to November 2010, Held various positions at AmerisourceBergen and its predecessor companies during a nearly 40-year career, including Chief Executive Officer from 1997 to 2001 and Chairman from 2000 to 2001 of Amerisource Health Corporation, Member of the Board of Directors of Johnson Controls International plc and its Audit Committee, Member of the Board of Directors of Marsh & McLennan Companies, Inc., and its Compensation Committee, Directors and Governance Committee, and Finance Committee, Vice President for Research at MIT, a leading research institution, since 2013, where she oversees MIT Lincoln Laboratory and more than a dozen interdisciplinary research laboratories and centers and leads MITs Climate Action Plan, Served in a number of positions at NASA, including as a Geophysicist from 1986 to 1992, a Senior Research Scientist from 1993 to 2010, and as Principal Investigator of the Gravity Recovery and Interior Laboratory (GRAIL) mission from 2008 to 2017, which was designed to create the most accurate gravitational map of the moon to date and give scientists insight into the moons internal structure, composition, and evolution, and held leadership roles associated with scientific experiments or instrumentation on ten NASA missions, Served as a Professor at MIT since 1995, and was Head of the Earth, Atmospheric, and Planetary Sciences Department from 2003 to 2011, Member of the Board of Directors of Textron Inc. and its Nominating and Corporate Governance, and Organization and Compensation Committees, Appointed by President Biden in 2021 as Co-Chair of the Presidents Council of Advisors on Science and Technology, Appointed by President Obama in 2013 and reappointed by President Trump in 2018 to the National Science Board, a 25-member panel that serves as the governing board of the National Science Foundation and as advisors to the President and Congress on policy matters relating to science and engineering; served as Board Chair from 2016 to 2018, Co-Chair of the National Academies of Science, Engineering and Medicines National Science, Technology and Security Roundtable, Chair of NASAs Mars Sample Return Mission Standing Review Board, Board of Directors and Executive Committee of The Massachusetts Green High Performance Computing Center, a joint venture by Massachusetts universities, which provides infrastructure for computationally intensive research. 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