Jim DeMare, president of Global Markets will continue to lead this business, inclusive of equity and fixed income sales and trading and client coverage on a global basis, as well as Global Commercial Real Estate. 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. These changes position the company with highly energized leaders who are committed to driving Responsible Growth through its second decade delivering for our clients, communities and shareholders, and addressing major societal issues, said Chairman and Chief Executive Officer Brian Moynihan. 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. Morgan Stanley progression is: Associate -> VP -> ED -> MD. 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. Vice President salaries at Bank of America can range from 10,41,047 1,35,60,586 per year. Phone: 1.980.388.6780 Ms. Lozano has a deep understanding of issues that are important to the Hispanic community, a growing U.S. demographic. Douglas B. Petno, Chief Executive Officer of Commercial Banking. You are continuing to another website that Bank of America doesnt own or operate. Mr. Woods chaired CIBCs Asset Liability Committee, served as CIBCs lead liaison with regulators, and was an active member of CIBCs business strategy group. Vice President, Operations Policy and Country Services. The executive VP is usually the highest level, followed by senior vice president, vice president, assistant VP, and associate VP. How do you become a senior vice president of a bank? Sheila Redzepi. An average senior vice president-operations typically have a masters degree in management, finance, or other related fields. The middle 67% of Senior Vice President, Senior Banker, Private Banks makes $210,000, with the top 67% making $252,000. Her leadership positions with Deloitte give her broad management experience with large, complex businesses and an international perspective on risk management and strategic planning. Jorge Familiar. Market Data copyright 2023 QuoteMedia. Opinions or ideas expressed are not necessarily those of Bank of America nor do they reflect their views or endorsement. Charles L. Evans (Off-site) took office as the . 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. She most recently was co-head of Global Commercial Banking in the southeast and head of Wholesale Credit Strategy. A large corporation typically has one or a few executives and can have several senior vice presidents. 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. 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. Visit Website. 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. Bank of America's key executives include Brian T. Moynihan and 39 others. Bank of America. 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. David Tyrie, reporting to Dean, will become chief digital officer and will also add Global Marketing to his responsibilities. 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. Actual outcomes and results may differ materially from those expressed in, or implied by, any forward-looking statements due to a variety of factors. Who is higher CEO or VP? Anita O'Dell. The middle 57% of Bank Vice Presidents makes between $96,790 and $241,095, with the top 86% making $530,728. 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. 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). Reveal contact info . Sheri Bronstein continues as chief human resources officer and will assume additional responsibility for The Academy, Enterprise Services, and other related functions going forward. Certain links may direct you away from Bank of America to an unaffiliated site. Average JPMorgan Chase Vice President yearly pay in the United States is approximately $110,528, which is 24% below the national average. College Futures Foundation is a charitable foundation focused on increasing the rate of bachelors degree completion among California student populations who are low-income and have had a historically low college success rate, Served as Chair of the Board of Directors of U.S. Hispanic Media Inc., the parent company of ImpreMedia, a leading Hispanic news and information company, from June 2014 to January 2016, Served as Chairman of ImpreMedia from July 2012 to January 2016, Chief Executive Officer from May 2010 to May 2014, and Senior Vice President from January 2004 to May 2010, Served as Publisher of La Opinin, a subsidiary of ImpreMedia and the leading Spanish- language daily print and online newspaper in the U.S., from 2004 to May 2014, and Chief Executive Officer from 2004 to July 2012, Lead Independent Director of the Board of Directors of Target Corporation and member of its Governance & Sustainability Committee, Chair of its Compensation & Human Capital Management Committee, Member of the Board of Directors of Apple Inc. and its Audit and Finance Committee, Member of Californias Task Force on Jobs and Business Recovery, Served as a member of President Obamas Council on Jobs and Competitiveness from 2011 to 2012 and served on President Obamas Economic Recovery Advisory Board from 2009 to 2011, Serves on and Former Chair of the Board of Directors of the Weingart Foundation, Served as the Chair of the Board of Regents of the University of California, as a member of the Board of Trustees of The Rockefeller Foundation, as a member of the Board of Trustees of the University of Southern California, and as a member of the State of California Commission on the 21st Century Economy, Former Chief Executive Officer and President of ITT, a diversified manufacturer of critical components and customized technology solutions, from 2011 to 2019; Senior Vice President and Chief Financial Officer of ITT from 2007 to 2011, Served as Chief Financial Officer for Furniture Brands International, a former home furnishings company, from 2005 to 2007, Served in various roles at Yum! 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. TD Bank Group. 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. In this way,who is senior vice president bank of america? 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. Michael Rhodes. Curtis C. Farmer. Reveal email . In these cases, since the VP of operations manages the long-term operational strategizing, and the COO oversees the day-to-day company operations, the company might consider the COO lower ranking than the VP. In this regard,what is the salary of vice president of bank of america? The highest paid Senior Vice Presidents work for D . Statistics and metrics included in our ESG documents are estimates and may be based on assumptions or developing standards. How long does it take to become a senior vice president? Usually Vice Presidents (VPs) and Senior Vice Presidents (SVPs) report to C-level executives. RT=Real-Time, EOD=End of Day, PD=Previous Day. 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. Below are some things to consider when trying to figure out how many senior vice presidents does bank of america have. Furthermore,how much does a senior vice president of bank of america make? How much does the CFO of Bank of America make? The middle 67% of Senior Vice President, Senior Banker, Private Banks makes $210,000, with the top 67% making $252,000. How much does a first vice president make? Latest update. How much do senior vice presidents of banks make? 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. Average JPMorgan Chase Managing Director yearly pay in the United States is approximately $375,735, which is 257% above the national average. Jane A. Langford. (813) 225-8671. 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 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. The middle 67% of Senior Vice President, Senior Banker, Private Banks makes $210,000, with the top 67% making $252,000. Personal email. In business, the duties of vice presidents vary with the organization. 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 . He leads a team of . Member FDIC.Equal Housing Lender Member and Chairman of the Supervisory Board of The Clearing House Association L.L.C. 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.). View Tyler Boehling's email address (t*****@bankof***.com) and phone number. 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.). 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. How much does a senior vice president at Merrill Lynch make? Updated February 4, 2023. We continue to serve our clients through our eight lines of business and our International organization, led by the following individuals on our Management Team, who will report to me unless otherwise noted: Sanaz Zaimi, head of Fixed Income, Currencies and Commodities (FICC) Sales, CEO of BofA Securities Europe SA (BofASE) and country executive for France has informed us of her decision to leave the bank to pursue other interests. Ms. Ramoss role as former Chief Executive Officer of ITT Inc. (ITT) enables her to bring senior executive leadership experience to our Board. How Do Rankings Work at the Different Banks? Alastair joined the company in 2005 as head of Global Investment Grade Debt Capital Markets and spent the prior 12 years at Goldman Sachs. 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 Paul has been an outstanding chief financial officer and strategic advisor for me and our company. 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. Paul Newman Senior Vice President Bank of America | LinkedIn. How Many Senior Vice Presidents At Bank Of America. 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. Valid. Valid. Matthew Koder, president of Global Corporate & Investment Banking (GCIB) will continue to lead this business, inclusive of Global Transaction Services. Executive Vice President, These leaders will report to me unless otherwise noted. Lee McEntire, Bank of America Vice Chair, Head of Enterprise Credit. Company goals are aspirational and not guarantees or promises that all goals will be met. She was also chief operating officer in our wealth management businesses and joined the bank in 1996. 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 Why is everyone at a bank a vice president? 2023 Bank of America Corporation. r*****@netsca***.net. Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. He and his team will execute this work in partnership with all of our lines of business. Mr. Nowells membership on the advisory council at a large, public university provides him with further experience with the oversight of large, complex organizations. As a former executive officer of one of the largest credit card issuers in the U.S. and a major regional bank, Mr. Bramble has dealt with a wide range of issues important to our company, including risk management, credit cycles, sales and marketing to consumers, and audit and financial reporting. Senior Vice President and Chief Auditor. Former President and CEO, Carnival Corporation and Carnival plc. Andy Sieg, president of Merrill Lynch Wealth Management and Katy Knox, president of Bank of America Private Bank will continue in their current roles. Responsible for all aspects of Call Center and On Line . Because so many management employees eventually become vice presidents, there typically is a hierarchy within this broad category. You should not place undue reliance on any forward-looking statement and should consider all of the precautionary statements, uncertainties and risks discussed in Bank of Americas filings with the Securities and Exchange Commission, including under Item 1A. 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. The average salary range for a Vice President Commercial Bank is between $107,953 and $191,865. Teammates can join me in congratulating and recognizing Andrea on Flagscape today. Is VP higher than coo? September 27, 2021 Certain links may direct you away from Bank of America to an unaffiliated site. Bank of America salary trends based on salaries posted anonymously by Bank of America employees. jessica.oppenheim@bofa.com, Jerry Dubrowski, Bank of America Are Not a Condition to Any Banking Service or Activity. Senior Vice President at Bank Of America. The average pay for a Vice President Commercial Bank is $154,462 a year and $74 an hour in the United States. Bernie Mensah, president of International and CEO of Merrill Lynch International will lead our extensive business across the United Kingdom, the European Union, Central and Eastern Europe, Middle East, Africa, Asia Pacific and Latin America. Bernard Hampton Managing Director, Preferred Banking Executive. Great company to advance and grow. 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 Average Bank of America Director yearly pay in the United States is approximately $158,632, which is 80% 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. 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. Further, with her service as an executive director of BAE Systems plc (BAE Systems), Ms. Hudsons background provides her with international perspective, geopolitical insights, and experience as a leader of a large, international, highly regulated, complex business. Likewise,who is senior vice president bank of america? Relationship-based ads and online behavioral advertising help us do that. The average pay for a Vice President Commercial Bank is $154,462 a year and $74 an hour in the United States. 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. Robert Cutshaw is based out of Bradenton, Florida, United States and works at Bank Of America as Senior Vice President. Timothy Farrell is based out of New York, New York, United States and works at Bank Of America as Senior Vice President. Griswold Professor of Geophysics, Massachusetts Institute of Technology. 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. Bank of America does not assume liability for any loss or damage resulting from anyone's reliance on the information provided. As we focus on the path ahead and what it requires, and individuals decide they are ready to transition and/or retire, we are able to promote and expand colleagues from inside the company resulting in new opportunities, smooth transitions, and continued momentum. A better range would go from $80,000 to $200,000. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have . He will also continue to serve on our Sustainable Markets Committee playing a critical, business leadership role in those efforts. Are Not Deposits. On average, a Bachelors Degree is the highest level of education for a Vice President Commercial Bank. A senior vice president is a title which is earned through seniority. Those of Bank of America make York, United States is approximately $ 375,735, which is 257 above... 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