Through his position as Chief Executive Officer of PepsiCo International, Mr. White has international experience as well as broad knowledge of retail and distribution issues. Brad Besel is a Senior Vice President at Bank of America based in Charlotte, North Carolina. How much does a vice president if a bank make? Reveal contact info . 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. Suzanne is Senior Vice President and Senior Trust Officer at Bank of America. The life of an investment bank vice president centers on two responsibilities: completing pitch books and managing client relationships. TD Bank Group. What is assistant vice president? 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. How do you become a senior vice president of a bank? Senior Vice Presidents in America make an average salary of $194,770 per year or $94 per hour. 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. Likewise,how much does a senior vice president of bank of america make? Mr. Woods chaired CIBCs Asset Liability Committee, served as CIBCs lead liaison with regulators, and was an active member of CIBCs business strategy group. The diversity of roles across this expansive company provides a solid career foundation. 2023 Bank of America Corporation. The typical Bank of America Vice President salary is 47,77,088 per year. 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. As Chief Financial Officer at BANK OF AMERICA CORP, Paul M. Donofrio made $12,001,200 in total compensation. 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). Senior Vice President at Bank Of America. Mr. Moynihan has demonstrated leadership qualities, management capability, knowledge of our business and industry, and a long-term strategic perspective. 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. Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. 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. Latest update. Bank of America, N.A. 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. How much does a VP at Merrill Lynch make? 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. 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. What does a senior vice president do at a bank? 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 . Vice President salaries at Bank of America can range from 10,41,047 1,35,60,586 per year. Ramesh Kaza Bank of America Senior Vice President Watch on You work in a bank or other financial institution and focus on both customer service and financial tasks. Certain links may direct you away from Bank of America to an unaffiliated site. Are Not a Condition to Any Banking Service or Activity. Christine Katziff continues as our chief audit executive overseeing Corporate Audit & Credit Review. 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. Curtis C. Farmer. Average JPMorgan Chase Vice President yearly pay in the United States is approximately $110,528, which is 24% below the national average. From 2012 to 2017, he served as the Judith and John Bedrosian Chair in Governance and the Public Enterprise at the University of Southern California's Sol Price School of Public Policy. A large corporation typically has one or a few executives and can have several senior vice presidents. What level is vice president in a bank? Some companies also use the term B-level executive to describe mid-level managers. He will also continue to serve on our Sustainable Markets Committee playing a critical, business leadership role in those efforts. 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. Because so many management employees eventually become vice presidents, there typically is a hierarchy within this broad category. Senior Vice President and Chief Auditor. Vice President and World Bank Group Chief Risk Officer. 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. These materials are for informational purposes only. Vice Chair, Head of Enterprise Credit. 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. 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. Mr. White has experience leading a large and highly regulated business. 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. As a Senior Vice President (SVP) of commercial lending, you oversee the handling of commercial loans. Brian T. Moynihan Chairman of the Board and Chief Executive Officer Raul A. Anaya President of Business Banking; President - Greater Los Angeles Sheri B. Bronstein Phone: 1.980.388.6780 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. Amy has most recently been deputy general counsel for Global Human Resources, Chief Administrative Officer Group, Corporate Services, Business Operations, and Internal Enterprise Investigations. Statistics and metrics included in our ESG documents are estimates and may be based on assumptions or developing standards. 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. To learn more about relationship-based ads, online behavioral advertising and our privacy practices, please review the Bank of America Online Privacy Notice and our Online Privacy FAQs. Assistant vice presidents may or may not supervise other employees, although they are generally responsible for mentoring and guiding new hires. 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. There is some variation depending on division, though. Chairman, President and Chief Executive Officer. 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 the compensation practices and accounting of large, international businesses. Senior Vice President, Digital Banking (Current Employee) - San Francisco, CA - October 28, 2019. Paul Newman Senior Vice President Bank of America | LinkedIn. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges). Currently chairs the Board of Trustees for the Howard Hughes Medical Institute and chaired its Audit and Compensation Committee. Bank of America. How much does a senior vice president at Merrill Lynch make? Holly has most recently been chief client care executive & head of Consumer Client Services, including oversight of all client contact centers in the company. The estimated total pay for a Vice President at Bank of America Merrill Lynch is $362,135 per year. Working closely with our global and regional senior management teams and country executives, he is responsible for the leadership and execution of our key priorities in over 35 countries from which we serve our clients around the world. 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. Former Chairman and CEO, The Cardea Group, LLC ; Former President and CEO, BAE Systems, Inc. Ms. Hudsons role as a former President and Chief Executive Officer of BAE Systems, Inc. (BAE) enables her to bring her broad experience in strategic planning and risk management to our Board. She joined the bank in 2001, having previously been a partner and member of the executive committee of a major law firm. Bank of America does not assume liability for any loss or damage resulting from anyone's reliance on the information provided. Former CEO, AmerisourceBergen Corporation. These ads are based on your specific account relationships with us. Likewise,who is senior vice president bank of america? 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. Relationship-based ads and online behavioral advertising help us do that. How Many Senior Vice Presidents At Bank Of America. Former Vice Chairman and Senior Executive Vice President, Canadian Imperial Bank of Commerce. 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. He will also continue as a vice chair of our Global Diversity & Inclusion Council. Timothy Farrell is based out of New York, New York, United States and works at Bank Of America as Senior Vice President. The typical Bank of America Vice President salary is 47,77,088 per year. Matthew Koder, president of Global Corporate & Investment Banking (GCIB) will continue to lead this business, inclusive of Global Transaction Services. Bank of America CEO Brian Moynihan plans to stay through. 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. You can also find corporations placing a senior vice president in strategic roles within the company to ensure its success. Who is higher ranking, a COO or a VP of operations? The executive VP is usually the highest level, followed by senior vice president, vice president, assistant VP, and associate VP. Contacts. An average senior vice president-operations typically have a masters degree in management, finance, or other related fields. 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. Further, with her service as Chief Financial Officer at ITT, Furniture Brands International, and the U.S. KFC division of Yum! Updated February 4, 2023. Paul has been an outstanding chief financial officer and strategic advisor for me and our company. The top 10 percent makes over $302,000 per year, while the bottom 10 percent under $125,000 per year. Certain links may direct you away from Bank of America to an unaffiliated site. How much do senior vice presidents of banks make? 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. Valid. Isaac Applbaum | Co-Founder of MizMaa Ventures & Prev. Responsible for all aspects of Call Center and On Line . Alastair joined the company in 2005 as head of Global Investment Grade Debt Capital Markets and spent the prior 12 years at Goldman Sachs. BAML progression is: Analyst -> Associate -> Vice President -> Director -> Managing Director. Market Data powered by QuoteMedia. 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. John Sletten is based out of Denver, Colorado, United States and works at Bank Of America as Senior Vice President. 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. Average Bank of America Senior Vice President yearly pay in the United States is approximately $193,002, which is 10% above the national average. Raphael W. Bostic (Off-site) took office as the president of the Federal Reserve Bank of Atlanta on June 5, 2017. Charles L. Evans (Off-site) took office as the . [email protected], Jessica Oppenheim, Bank of America Opinions or ideas expressed are not necessarily those of Bank of America nor do they reflect their views or endorsement. How much do Bank Executive Vice Presidents make? What does a senior vice president do at a bank? 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. Vice Chair, Head of Enterprise Credit. Ann Shaler Senior Vice President. 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. Paul Donofrio will become vice chair, and will oversee Sustainable Finance and chair our Sustainable Markets Committee. Lauren Mogensen will become global general counsel for the company, succeeding David at the end of this year. Average Bank of America Senior Vice President monthly pay in Singapore is approximately $17,357, which is 8% above the national average. Comerica Incorporated and Comerica Bank. 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. 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. Mr. Almeidas business background also includes significant international experience, and as a native of Brazil, he brings a diverse perspective to our Board. Sharon Miller will continue to lead Small Business and take on additional responsibilities to include Specialty and Auto Lending. Market Data copyright 2023 QuoteMedia. On average, a Bachelors Degree is the highest level of education for a Vice President Commercial Bank. Previously, she was deputy general counsel and Legal executive for more than a decade in several areas of the company including as Corporate Secretary, and earlier was a leader in risk, finance, and corporate strategy. Terms of Use. Previously, Tom was head of Consumer, Small Business & Wealth operations. Contact details. May Lose Value. When an organization has a CEO and president, the VP is usually third in command. You can also find corporations placing a senior vice president in strategic roles within the company to ensure its success. MLPF&S is a registered broker-dealer, registered investment adviser, Member SIPC and 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.). He leads a nationwide team that serves mid-sized, U.S.-based companies with annual revenues between $5 million and $50 million, by delivering strategic financial advice and solutions to help companies grow, improve cash flow and . He and his team will execute this work in partnership with all of our lines of business. Bank of America offers industry-leading support to approximately 3 million small business households through a suite of innovative, easy-to-use online products and services. RT=Real-Time, EOD=End of Day, PD=Previous Day. Ms. Hudsons career in the defense and aerospace industry gives her knowledge of technology risks such as cybersecurity risk. Phone: 1.646.855.1195 (office), 508.843.5626 (mobile) 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. Christine Morris. 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. Job site Glassdoor shows the typical bank vice president or vice president investment banking salary to be close to $125,000 per year. Why is everyone at a bank a vice president? 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. When you visit these sites, you are agreeing to all of their terms of use, including their privacy and security policies. Career advice on becoming a Senior Vice President. Certain statements contained in this news release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. 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. Executive Director, Corporate Responsibility. $273K$750K Most Likely Range Possible Range The estimated total pay for a Senior Vice President at Merrill Lynch is $444,407 per year. This role directly builds on Pauls deep experience, expertise and relationships and will help drive these critical efforts forward for all those we serve. When an organization has a CEO and president, the VP is usually third in command. 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. How much does a senior vice president at Merrill Lynch make? Statistics and metrics included in our ESG documents are estimates and may be based on assumptions or developing standards. Investment Bank vice president and senior Trust Officer at Bank of America of an investment Bank vice president Bank... To describe mid-level managers York, United States is approximately how many senior vice presidents at bank of america 17,357, which is 8 % the! 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