As I shared with our Board of Directors, it will continue to be my privilege to serve as CEO with them and with you. Ms. Hudsons career in the defense and aerospace industry gives her knowledge of technology risks such as cybersecurity risk. View Tyler Boehling's email address (t*****@bankof***.com) and phone number. What are the levels at Citibank? Touch device users, explore by touch or with swipe gestures. 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. 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. Executive Vice President, Lauren has most recently been head of Global Compliance & Operational Risk, working directly with global regulators and supervisory institutions, governance committees, and our Board of Directors. Suzanne is Senior Vice President and Senior Trust Officer at Bank of America. How much does a VP at Capital One make? Hierarchy. 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. 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. How much do senior vice presidents of banks 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. Senior Vice President, Digital Banking (Current Employee) - San Francisco, CA - October 28, 2019. Neither of these is an easy transition, especially for. 14 Richard Blaine Studied at Texas Christian University Author has 2.1K answers and 2.9M answer views 2 y Cathy Brown-Butler Senior VP, National Market Support Executive. Paul has been an outstanding chief financial officer and strategic advisor for me and our company. 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. Former Chairman and Global Head of Private Wealth Management, Deutsche Bank AG. 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. Statistics and metrics included in our ESG documents are estimates and may be based on assumptions or developing standards. Contacts. Responsible for all aspects of Call Center and On Line . These materials are for informational purposes only. 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 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. 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. The highest paid Senior Vice Presidents work for D . A large corporation typically has one or a few executives and can have several senior vice presidents. Are Not FDIC Insured. Christine Morris. He will also continue to serve on our Sustainable Markets Committee playing a critical, business leadership role in those efforts. The executive VP is usually the highest level, followed by senior vice president, vice president, assistant VP, and associate VP. 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. September 26, 2021 Reveal contact info . Likewise,who is senior vice president bank of america? Jun 2014 - Present8 years 10 months. Bank of America. TD Bank Group. Average salaries for Bank of America Senior Vice President: $191,087. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. The average pay for a Vice President Commercial Bank is $154,462 a year and $74 an hour in the United States. 2023 Bank of America Corporation. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges). Christine Katziff continues as our chief audit executive overseeing Corporate Audit & Credit Review. Akihiko Nishio. 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. In this situation, the SVP would be higher in the chain of command than the other vice president. 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. These professionals may oversee several different areas, such as operations, marketing, human resources, or legal affairs. Only in the 19th century, the bank office was a separate company and today it's one insignificant part of a huge corporation. The middle 57% of Bank Vice Presidents makes between $96,790 and $241,095, with the top 86% making $530,728. Bank of America. Former President and CEO, Carnival Corporation and Carnival plc. 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. When an organization has a CEO and president, the VP is usually third in command. Usually Vice Presidents (VPs) and Senior Vice Presidents (SVPs) report to C-level executives. 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. Bank of America does not assume liability for any loss or damage resulting from anyone's reliance on the information provided. Daniel Pinto, President and COO, JPMorgan Chase CEO, Corporate & Investment Bank, J.P. Morgan. Vice president. How much does a market president at Bank of America make? 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 Chair, Head of Enterprise Credit. 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. 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 . 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. The Investment Banking Career Path. Terms of Use. The estimated total pay for a Vice President at Bank of America Merrill Lynch is $362,135 per year. You can also find corporations placing a senior vice president in strategic roles within the company to ensure its success. Held various other roles in academia, including Professor of Management Practice at Harvard Business School. Average Bank of America Director yearly pay in the United States is approximately $158,632, which is 80% above the national average. Senior Vice President at Bank Of America. As I shared with our Board of Directors, it will continue to be my privilege to serve with them as CEO as we drive Responsible Growth through its second decade.. Reveal email . These leaders will report to me unless otherwise noted. He will also continue as a vice chair of our Global Diversity & Inclusion Council. Below is the total compensation in 2007 for the 9 banks that received the . Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. RT=Real-Time, EOD=End of Day, PD=Previous Day. Market Data copyright 2023 QuoteMedia. You can also find corporations placing a senior vice president in strategic roles within the company to ensure its success. If you prefer that we not use this information, you can opt out of online behavioral advertising. 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. The middle 67% of Senior Vice President, Senior Banker, Private Banks makes $210,000, with the top 67% making $252,000. What is assistant vice president? Tyler is based out of Denver Metropolitan Area and works in the Banking industry. How much does a vice president of commercial banking make? 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. Contact details. 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? Valid. What level is vice president in a bank? 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. Wendy Stewart has been appointed president of Global Commercial Banking, reporting to Dean and joining our Management Team. Ann Shaler Senior Vice President. Some companies also use the term B-level executive to describe mid-level managers. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange. Bank of America CEO Brian Moynihan plans to stay through. 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 can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have . Reveal email . Senior Executive Vice President, Transformation, Enablement and Customer Experience. 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. Average JPMorgan Chase Vice President yearly pay in the United States is approximately $110,528, which is 24% below the national average. 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.). 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. The middle 67% of Senior Vice President, Senior Banker, Private Banks makes $210,000, with the top 67% making $252,000. How much do Bank Executive Vice Presidents make? How Do Rankings Work at the Different Banks? 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. Prior to his current role, Aditya led Marketing, Analytics, and Digital Banking and joined the company in 2004. Assistant vice presidents may or may not supervise other employees, although they are generally responsible for mentoring and guiding new hires. Robert Cutshaw is based out of Bradenton, Florida, United States and works at Bank Of America as Senior Vice President. Average Bank of America Senior Vice President yearly pay in the United States is approximately $193,002, which is 10% above the national average. Alastair joined the company in 2005 as head of Global Investment Grade Debt Capital Markets and spent the prior 12 years at Goldman Sachs. He has worked tirelessly in our company for 22 years and in our industry for more than 30 years. The typical Bank of America Vice President salary is 47,77,088 per year. Is VP higher than coo? 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. His board service with public companies gives him experience with risk management, global operations, and regulated businesses. He has also led Global Real Estate Services, Comprehensive Capital Analysis and Review (CCAR), and Operational Excellence efforts, and has overseen major operations for nearly 20 years since joining Bank of America through the acquisition of Balboa Insurance. Bank of America's key executives include Brian T. Moynihan and 39 others. Opinions or ideas expressed are not necessarily those of Bank of America nor do they reflect their views or endorsement. 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. Big bank execs: What they take home When times were good, the top executives from the largest U.S. banks made a mint. Lending, derivatives, and other commercial banking activities are performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., Member FDIC. Personal email. Lauren Mogensen will become global general counsel for the company, succeeding David at the end of this year. Suzanne will share her experiences and advice working in the banking industry. The assistant vice president role in most organizations is a senior management position. Amy has most recently been deputy general counsel for Global Human Resources, Chief Administrative Officer Group, Corporate Services, Business Operations, and Internal Enterprise Investigations. Aditya Bhasin has been named chief technology and information officer. American Express Average base salary for vice presidents: $156,760. 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. 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. 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. Paul Donofrio will become vice chair, and will oversee Sustainable Finance and chair our Sustainable Markets Committee. He will also continue as a vice chair of our Global Diversity & Inclusion Council. Goldman Sachs Average base salary for vice presidents: $165,424 2. 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. The estimated base pay is $208,108 per year. 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). Updated February 4, 2023. 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. Timothy Farrell is based out of New York, New York, United States and works at Bank Of America as Senior Vice President. Latest update. Executive Director, Corporate Responsibility. The company serves clients through operations across the United States, its territories and approximately 35 countries. An investment bank vice president is treated as an individual with their own thoughts and opinions. 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 . Mr. Woods chaired CIBCs Asset Liability Committee, served as CIBCs lead liaison with regulators, and was an active member of CIBCs business strategy group. Our Management Team will also include the following leaders in corporate-wide roles. Are Not Deposits. Dr. Rose has served as the president of Bowdoin College since 2015. Demonstrable ability and proven track record in strategy-building and implementation. How Many Senior Vice Presidents At Bank Of America. How long does it take to become a senior vice president? Reveal email . What is the average salary of Bank of America Senior Vice President? Are Not Insured by Any Governmental Agency. How much does a market president at Bank of America make? In addition, Mr. Yost has experience leading a large, complex business. Average Capital One Vice President yearly pay in the United States is approximately $182,349, which is 25% above the national average. He and his team will execute this work in partnership with all of our lines of business. Member FDIC.Equal Housing Lender The typical Bank of America Vice President salary is 47,77,088 per year. That depends on each companys organizational structure. r*****@netsca***.net. Vice President and World Bank Group Chief Risk Officer. How much does a first vice president make? Also, if you opt out of online behavioral advertising, you may still see ads when you sign in to your account, for example through Online Banking or MyMerrill. How do you become a senior vice president of a bank? Brands, Ms. Ramos background provides her with financial expertise and extensive strategic planning experience. Vice Chair, Head of Enterprise Credit. Our momentum has continued through the healthcare crisis and unprecedented challenges of the past 20 months with your terrific efforts and leadership. When you visit these sites, you are agreeing to all of their terms of use, including their privacy and security policies. t*****@gmai***.com. 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. He will also have responsibility for the investment function for the companys pension investments, which total over $22 billion. An assistant vice president may serve as a team leader in project management or work directly with clients. Career advice on becoming a Senior Vice President. Visit Website. Latest update. The life of an investment bank vice president centers on two responsibilities: completing pitch books and managing client relationships. A better range would go from $80,000 to $200,000. The top 10 percent makes over $302,000 per year, while the bottom 10 percent under $125,000 per year. 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. 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. An executive vice president is higher ranking than a senior VP, and generally has executive decision-making powers. Tom Scrivener has been named chief operations executive. May Lose Value. Former Chairman, President and CEO, DIRECTV Lead Director, Kimberly-Clark Corporation. Robin Leopold, Head of Human Resources. Douglas B. Petno, Chief Executive Officer of Commercial Banking. BAML progression is: Analyst -> Associate -> Vice President -> Director -> Managing Director. He will also continue to oversee our Paycheck Protection Program (PPP) Forgiveness effort. Yukio Johnson is a Private Client Advisor at Bank of America Private Bank, based in Walnut Creek. Served as Senior Vice President at Avon Products, Inc. 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. 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. Base pay is $ 154,462 a year and $ 74 an hour in the Banking industry few executives and have! Responsibilities: completing pitch books and managing client relationships client relationships in partnership with all of our lines of.! Company serves clients through operations across the United States, its territories and approximately 35 countries prefer that we use. Yukio Johnson is a senior Management position the highest level, followed senior. Bradenton, Florida, United States is approximately $ 182,349, which is 24 % the... And CEO, Corporate & amp ; investment Bank vice President Commercial Bank is $ 362,135 per.. 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