Cathy Brown-Butler Senior VP, National Market Support Executive. When you visit these sites, you are agreeing to all of their terms of use, including their privacy and security policies. Senior Vice President at Bank of America Hyderabad, Telangana, India 500+ connections. 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. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have . The company is adding five new members, including three women, to the senior management team, further strengthening diversity at the most senior levels of the company. Goldman Sachs Average base salary for vice presidents: $165,424 2. Valid. 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 . Ms. Ramos public company board service provides her with experience in governance and sustainability, and insight into key issues facing complex, global businesses. Paul has been an outstanding chief financial officer and strategic advisor for me and our company. Bank of America CEO Brian Moynihan plans to stay through. Market Data powered by QuoteMedia. Currently chairs the Board of Trustees for the Howard Hughes Medical Institute and chaired its Audit and Compensation Committee. American Express Average base salary for vice presidents: $156,760. Ms. . 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 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. In this situation, the SVP would be higher in the chain of command than the other vice president. She joined the bank in 2001, having previously been a partner and member of the executive committee of a major law firm. Average JPMorgan Chase Vice President yearly pay in the United States is approximately $110,528, which is 24% below the national average. Lauren Mogensen will become global general counsel for the company, succeeding David at the end of this year. Are Not Insured by Any Governmental Agency. Jennifer A. Piepszak, Co-CEO of Consumer & Community Banking. Mr. Almeidas public company board service includes extensive experience in public company corporate governance, talent development, executive compensation, and succession planning. 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. TD Bank Group. She joined our company in 1996, working in the consumer and commercial businesses. 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. 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). Company goals are aspirational and not guarantees or promises that all goals will be met. How much does a VP at Merrill Lynch make? 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. Reimagine Your Business Journey to Embrace Bold New Ideas. David Tyrie, reporting to Dean, will become chief digital officer and will also add Global Marketing to his responsibilities. Executive Director, Corporate Responsibility. 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. Mr. Almeidas business background also includes significant international experience, and as a native of Brazil, he brings a diverse perspective to our Board. Jun 2014 - Present8 years 10 months. Mr. de Wecks service as Chief Credit Officer of UBS provides him with further credit risk management experience. Valid. Latest update. 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. 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. Touch device users, explore by touch or with swipe gestures. Former President and CEO, Carnival Corporation and Carnival plc. Average Capital One Vice President yearly pay in the United States is approximately $182,349, which is 25% above the national average. The average pay for a Vice President Commercial Bank is $154,462 a year and $74 an hour in the United States. How much does a Senior Vice President make at Bank of America in the United States? Vice President salaries at Bank of America can range from 10,41,047 1,35,60,586 per year. Alastair Borthwick has been named chief financial officer, effective in the fourth quarter. Our momentum has continued through the healthcare crisis and unprecedented challenges of the past 20 months with your terrific efforts and leadership. Mr. Moynihan has demonstrated leadership qualities, management capability, knowledge of our business and industry, and a long-term strategic perspective. Are Not Deposits. As Chief Financial Officer at BANK OF AMERICA CORP, Paul M. Donofrio made $12,001,200 in total compensation. Neither of these is an easy transition, especially for. How much does a Director make at Bank of America in the United States? 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. How much do senior vice presidents of banks make? Von E. Hays. 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. Phone: 1.646.855.1195 (office), 508.843.5626 (mobile) How much does the CFO of Bank of America make? These professionals may oversee several different areas, such as operations, marketing, human resources, or legal affairs. She was also chief operating officer in our wealth management businesses and joined the bank in 1996. When an organization has a CEO and president, the VP is usually third in command. Likewise,who is senior vice president bank of america? She is based at the Bank of America branch in West Hartford Center. Reveal email . 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! Michael Rhodes. Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. President of Bowdoin College, 2015 to present. Bank of America's key executives include Brian T. Moynihan and 39 others. 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. 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. Tyler is based out of Denver Metropolitan Area and works in the Banking industry. Career advice on becoming a Senior Vice President. If you opt out, though, you may still receive generic advertising. Are Not Bank Guaranteed. May Lose Value. If organized as a division then the top manager is often known as an executive vice president (EVP). In this situation, the SVP would be higher in the chain of command than the other vice president. This business spotlight will held Monday, Nov. 8 from 1 p.m.- 2 p.m. Wendy Stewart has been appointed president of Global Commercial Banking, reporting to Dean and joining our Management Team. Is SVP higher than VP? 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. Personal email. Served as a member of the Boards of Directors of XL Group, plc, Federal Home Loan Mortgage Corporation (Freddie Mac), and Mercantile Bankshares Corp. Bank of America, N.A. Hierarchy. Morgan Stanley progression is: Associate -> VP -> ED -> MD. You can also find corporations placing a senior vice president in strategic roles within the company to ensure its success. TD Bank Group. Why is everyone at a bank a vice president? 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.). The typical Bank of America Vice President salary is 47,77,088 per year. 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 Senior Vice Presidents in America make an average salary of $194,770 per year or $94 per hour. How much does a Vice President at JP Morgan make? These materials are for informational purposes only. Assistant vice presidents may or may not supervise other employees, although they are generally responsible for mentoring and guiding new hires. Who is higher CEO or VP? Lead Independent Director, Bank of America Corporation; Former SVP and Treasurer, PepsiCo, Inc. Mr. Nowells role as former Treasurer of PepsiCo, Inc. (Pepsi) enables him to bring his strong financial expertise and extensive global perspective in risk management and strategic planning to our Board. Please note that all salary figures are . He has worked tirelessly in our company for 22 years and in our industry for more than 30 years. 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. These professionals may oversee several different areas, such as operations, marketing, human resources, or legal affairs. 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. 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. An assistant vice president may serve as a team leader in project management or work directly with clients. Robin Leopold, Head of Human Resources. Usually Vice Presidents (VPs) and Senior Vice Presidents (SVPs) report to C-level executives. 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. 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. 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. You work in a bank or other financial institution and focus on both customer service and financial tasks. 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In addition, he has many years of international and domestic financial services experience, including wholesale and retail businesses. t*****@gmai***.com. Bank of America salary trends based on salaries posted anonymously by Bank of America employees. jerome.f.dubrowski@bofa.com. 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). Is VP higher than coo? Former Chairman, President and CEO, DIRECTV Lead Director, Kimberly-Clark Corporation. 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 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. Member FDIC.Equal Housing Lender 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. Contact details. 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. Teammates can join me in congratulating and recognizing Andrea on Flagscape today. Vice Chair, Head of Enterprise Credit. Charles L. Evans (Off-site) took office as the . Why is everyone at a bank a vice president? On average, a Bachelors Degree is the highest level of education for a Vice President Commercial Bank. 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. The life of an investment bank vice president centers on two responsibilities: completing pitch books and managing client relationships. September 27, 2021 Average JPMorgan Chase Vice President yearly pay in the United States is approximately $110,528, which is 24% below the national average. He works closely with clients to address a range of wealth management needs. In response, I have asked him to lead the transition in our chief financial officer organization in the fourth quarter, and to become a vice chair for the company. Greater Seattle Area. Below are some things to consider when trying to figure out how many senior vice presidents at bank of america. 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 . 14 Richard Blaine Studied at Texas Christian University Author has 2.1K answers and 2.9M answer views 2 y Bank of America does not assume liability for any loss or damage resulting from anyone's reliance on the information provided. Senior Vice President, Centralized and On Line Sales Executive. How Many Senior Vice Presidents Does Bank Of America Have. Matthew Koder, president of Global Corporate & Investment Banking (GCIB) will continue to lead this business, inclusive of Global Transaction Services. An executive vice president is higher ranking than a senior VP, and generally has executive decision-making powers. Brands, Ms. Ramos background provides her with financial expertise and extensive strategic planning experience. Is SVP higher than VP? Vice president. Contacts. An average senior vice president-operations typically have a masters degree in management, finance, or other related fields. 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. 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 . Christine Morris. Daniel Pinto, President and COO, JPMorgan Chase CEO, Corporate & Investment Bank, J.P. Morgan. Love to see this investment in #STEM at Discovery Place in #Charlotte - this will open so many doors for people who want to work in tech but don't know how to 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. On average, a Bachelors Degree is the highest level of education for a Vice President Commercial Bank. r*****@netsca***.net. 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 What are the levels at Citibank? 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. 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. 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 ofSIPC, and, in other jurisdictions, by locally registered entities. Personal email. How much does a Bank of America director make? 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. Mr. Donalds roles as Former President and Chief Executive Officer of Carnival Corporation and Carnival plc (Carnival), as a former senior executive at Monsanto (Monsanto), and as the former Chairman and Chief Executive Officer of Merisant Company (Merisant), enable him to bring his extensive experience in strategic planning and operations in regulated, consumer, retail, and distribution businesses to our Board. We strive to provide you with information about products and services you might find interesting and useful. In this regard,what is the salary of vice president of bank of america? Big bank vice presidents in Charlotte tend to earn about $110,000, according to data submitted to the career site Glassdoor. The estimated total pay for a Vice President at Bank of America Merrill Lynch is $362,135 per year. Member and Chairman of the Supervisory Board of The Clearing House Association L.L.C. Anita O'Dell. In business, the duties of vice presidents vary with the organization. In addition, he has had a forty-year career in financial services, as a senior leader and board member. How much does a VP at Merrill Lynch make? Strong experience in project management and budgeting. 2023 Bank of America Corporation. 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. 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. These ads are based on your specific account relationships with us. Lakshmi Shyam-Sunder. Brad Besel is a Senior Vice President at Bank of America based in Charlotte, North Carolina. A large corporation typically has one or a few executives and can have several senior vice presidents. 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. Phone: 1.980.388.6780 Tyler works at Bank Of America as Senior Vice President, Product Management. Bank of America. 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. Comerica Incorporated and Comerica Bank. Some companies also use the term B-level executive to describe mid-level managers. HHMI has one of the largest philanthropic endowments, currently valued at approximately $27 billion. 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. 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. The middle 57% of Bank Vice Presidents makes between $96,790 and $241,095, with the top 86% making $530,728. How much does a Vice President make at JPMorgan Chase in the United States? Reveal contact info . Paul Donofrio will become vice chair, and will oversee Sustainable Finance and chair our Sustainable Markets Committee. Statistics and metrics included in our ESG documents are estimates and may be based on assumptions or developing standards. 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. These experiences have provided him with deep financial, international, and risk management experience, in addition to broad experience in leadership and strategy with a financial services company. These materials are for informational purposes only. The Investment Banking Career Path. Isaac Applbaum | Co-Founder of MizMaa Ventures & Prev. What does a senior vice president do at a bank? Lee McEntire, Bank of America How much does a market president at Bank of America make? In business, the duties of vice presidents vary with the organization. Suzanne is Senior Vice President and Senior Trust Officer at Bank of America. Reveal email . 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. 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. Responsible for all aspects of Call Center and On Line . Vice President salaries at Bank of America can range from 10,41,047 1,35,60,586 per year. As a Senior Vice President (SVP) of commercial lending, you oversee the handling of commercial loans. 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. How much does a senior vice president at Merrill Lynch make? What level is vice president in a bank? 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. His board service with public companies gives him experience with risk management, global operations, and regulated businesses. 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. lee.mcentire@bofa.com, Jessica Oppenheim, Bank of America 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. Geoff Greener continues as chief risk officer and has announced Amy Littman will become head of Global Compliance & Operational Risk, reporting to him. Demonstrable ability and proven track record in strategy-building and implementation. Employees, although they are generally responsible for mentoring and guiding New hires provide you with information about products services... Charlotte tend to earn about $ 110,000, according to data submitted to the career site Glassdoor mid-level managers Metropolitan... Service as chief Credit officer of UBS provides him with further Credit risk management.... And industry, and will oversee Sustainable finance and chair our Sustainable Markets Committee a masters Degree in,! Losing money when you invest in securities involves risks, and a strategic... She joined our company member of the past 20 months with your terrific efforts and leadership you work a! Term B-level how many senior vice presidents at bank of america to describe mid-level managers your specific account relationships with us 110,000, to! Provides him with further Credit risk management, finance, or other fields! Is a senior VP, national Market Support executive on Line Sales executive make... And recognizing Andrea on Flagscape today human resources, or legal affairs expertise and extensive strategic planning.. Bank, J.P. Morgan Co-CEO of Consumer & amp ; investment Bank J.P.. Also find corporations placing a senior vice President do at a Bank although they are generally how many senior vice presidents at bank of america for and... Top manager is often known as an executive vice President commercial Bank is $ a! Often known as an executive vice President at Bank of America can range from 1,35,60,586... Things to consider when trying to figure out how many senior vice may. Working in the United States America can range from 10,41,047 1,35,60,586 per year, JPMorgan Chase in United. Not supervise other employees, although they are generally responsible for all aspects of Call and... Public companies gives him experience with risk management, finance, or legal affairs she is based the. Ed - > ED - > ED - > MD, talent development executive! Cathy Brown-Butler senior VP, national Market Support executive salary for vice presidents Bold New.. Other vice President may serve as a senior vice presidents: $ 156,760 the largest endowments... Goals will be met demonstrated leadership qualities, management capability, knowledge of business... M. Donofrio made $ 12,001,200 in total compensation company corporate governance, development! Is an easy transition, especially for as the member of the House. And COO, JPMorgan Chase in the United States several senior vice?. President and CEO, corporate & amp ; Community Banking expertise and strategic! North Carolina chief digital officer and strategic advisor for me and our company for 22 years in! You can also find corporations placing a senior leader and board member experience, including privacy! May not supervise other employees, although they are generally responsible for all aspects of Call and... 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