Career advice on becoming a Senior Vice President. 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.). As a Senior Vice President (SVP) of commercial lending, you oversee the handling of commercial loans. Vice President salaries at Bank of America can range from 10,41,047 1,35,60,586 per year. Vice President, Operations Policy and Country Services. Senior Vice President at Bank of America Hyderabad, Telangana, India 500+ connections. The top 10 percent makes over $302,000 per year, while the bottom 10 percent under $125,000 per year. An assistant vice president is usually a regional director who provides high level management for a highly trained staff. How much do senior vice presidents of banks make? You work in a bank or other financial institution and focus on both customer service and financial tasks. 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. 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. 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. Alastair Borthwick has been named chief financial officer, effective in the fourth quarter. Mr. Nowells membership on the advisory council at a large, public university provides him with further experience with the oversight of large, complex organizations. 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. Top 5 Highest Paying Banks For Vice Presidents: 1. Phone: 1.980.388.6780 This steadfast focus has enabled us to build strength quarter by quarter, year over year to record levels of earnings, market capitalization, client and employee satisfaction, and brand and reputation. This builds on the tremendous impact Cathy has had in the company including through her efforts to develop talented, highly capable leaders for the future. Our momentum has continued through the healthcare crisis and unprecedented challenges of the past 20 months with your terrific efforts and leadership. View Tyler Boehling's email address (t*****@bankof***.com) and phone number. 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. Responsible for all aspects of Call Center and On Line . The life of an investment bank vice president centers on two responsibilities: completing pitch books and managing client relationships. You work in a bank or other financial institution and focus on both customer service and financial tasks. Mr. Almeidas business background also includes significant international experience, and as a native of Brazil, he brings a diverse perspective to our Board. These professionals may oversee several different areas, such as operations, marketing, human resources, or legal affairs. You can also find corporations placing a senior vice president in strategic roles within the company to ensure its success. Mr. de Wecks experience as an executive with UBS AG (UBS) and Deutsche Bank AG (Deutsche Bank) enables him to bring extensive knowledge of the global financial services industry to our Board. The average pay for a Vice President Commercial Bank is $154,462 a year and $74 an hour in the United States. 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. Former CEO, College Futures Foundation; Former Chairman, US Hispanic Media Inc; Lead Independent Director, Target Corporation. Jennifer A. Piepszak, Co-CEO of Consumer & Community Banking. The "senior vice president" title is much more coveted because it requires the approval of a more senior manager. Average salaries for Bank of America Senior Vice President: $191,087. There is some variation depending on division, though. Douglas B. Petno, Chief Executive Officer of Commercial Banking. Hierarchy. Vice president. After more than six years in his current role, Paul has expressed his desire to contribute to our organization in new ways going forward, in line with his priorities for the next phase of his career. How much does a Senior Vice President make at Bank of America in the United States? The Investment Banking Career Path. Bank of America CEO Brian Moynihan plans to stay through. 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. 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. Executive Vice President, Senior Vice Presidents in America make an average salary of $194,770 per year or $94 per hour. Senior Vice President Location United States How much does a Senior Vice President make at Bank of America in the United States? 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. These leaders will report to me unless otherwise noted. 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. 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 How Many Senior Vice Presidents Does Bank Of America Have. Tom Scrivener has been named chief operations executive. Bank of America's key executives include Brian T. Moynihan and 39 others. TD Bank Group. Marianne Lake, Co-CEO of Consumer & Community Banking. How much does an MD make at JP Morgan? 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. In business, the duties of vice presidents vary with the organization. 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. Most recently, he has been chief information officer and head of technology for Consumer, Small Business, Wealth Management, and Employee Technology, which included responsibility for our online and mobile banking apps, and payments and commerce services. After decades of service in the private and public sectors, David is planning to retire in 2022. Contact details. Ms. Hudsons career in the defense and aerospace industry gives her knowledge of technology risks such as cybersecurity risk. Furthermore,how much does a senior vice president of bank of america make? Dr. Rose has served as the president of Bowdoin College since 2015. Akihiko Nishio. Paul has been an outstanding chief financial officer and strategic advisor for me and our company. Salary information comes from 3 data points collected directly from employees, users, and past and present job advertisements on Indeed in the past 36 months. 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. Daniel Pinto, President and COO, JPMorgan Chase CEO, Corporate & Investment Bank, J.P. Morgan. Depending on the bank's location, the work involved,. A vice-president is basically someone that runs a branch office of a bank. These materials are for informational purposes only. When you visit these sites, you are agreeing to all of their terms of use, including their privacy and security policies. His board service with public companies gives him experience with risk management, global operations, and regulated businesses. Paul Newman Senior Vice President Bank of America | LinkedIn. Strong experience in project management and budgeting. 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. Mr. Moynihan has demonstrated leadership qualities, management capability, knowledge of our business and industry, and a long-term strategic perspective. 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. Reveal email . 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.. Because so many management employees eventually become vice presidents, there typically is a hierarchy within this broad category. Average Capital One Vice President yearly pay in the United States is approximately $182,349, which is 25% above the national average. Ms. Lozanos experience as a member of President Obamas Council on Jobs and Competitiveness also provided her with valuable perspective on important public policy, societal, and economic issues relevant to our company. 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. 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. Are Not FDIC Insured. Robert Cutshaw is based out of Bradenton, Florida, United States and works at Bank Of America as Senior Vice President. Jane A. Langford. How much does a first vice president make? 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 The average pay for a Vice President Commercial Bank is $154,462 a year and $74 an hour in the United States. Wendy Stewart has been appointed president of Global Commercial Banking, reporting to Dean and joining our Management Team. 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. Raul Anaya, president of Business Banking and Aron Levine, president of Preferred Banking continue in their current roles and will report to Dean Athanasia. Former Vice Chairman and Senior Executive Vice President, Canadian Imperial Bank of Commerce. Previously, Tom was head of Consumer, Small Business & Wealth operations. Isaac Applbaum | Co-Founder of MizMaa Ventures & Prev. Brad Besel is a Senior Vice President at Bank of America based in Charlotte, North Carolina. What does a senior vice president do at a bank? 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 Michael Rhodes. 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. Ms. Ramos public company board service provides her with experience in governance and sustainability, and insight into key issues facing complex, global businesses. When an organization has a CEO and president, the VP is usually third in command. Today, we are announcing important steps forward in our management team for the company. If you opt out, though, you may still receive generic advertising. Lauren Mogensen will become global general counsel for the company, succeeding David at the end of this year. 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. How much does a vice president if a bank make? What does a senior vice president do at a bank? If organized as a division then the top manager is often known as an executive vice president (EVP). Ms. Ramoss role as former Chief Executive Officer of ITT Inc. (ITT) enables her to bring senior executive leadership experience to our Board. 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. 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. 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. Senior Executive Vice President, Transformation, Enablement and Customer Experience. The average salary range for a Vice President Commercial Bank is between $107,953 and $191,865. Tom will be responsible for delivering integrated operations solutions for all lines of business, staff support areas, and the broader enterprise including operations teams in our global regions. Vice President for Research and E.A. The executive VP is usually the highest level, followed by senior vice president, vice president, assistant VP, and associate VP. 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 Comerica Incorporated and Comerica Bank. Further, with her service as Chief Financial Officer at ITT, Furniture Brands International, and the U.S. KFC division of Yum! Until that time, I have asked him to become vice chair, providing his expert stewardship on key issues and priorities on our management team. 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. Teammates can join me in congratulating and recognizing Andrea on Flagscape today. Raul A. Anaya is president of Business Banking, one of Bank of America's eight lines of business, and is a member of the company's executive management team. President of Bowdoin College, 2015 to present. Latest update. 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. Prior to his current role, Aditya led Marketing, Analytics, and Digital Banking and joined the company in 2004. These professionals may oversee several different areas, such as operations, marketing, human resources, or legal affairs. 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. Christine Morris. Are Not FDIC Insured. The middle 67% of Senior Vice President, Senior Banker, Private Banks makes $210,000, with the top 67% making $252,000. In addition, he has many years of international and domestic financial services experience, including wholesale and retail businesses. 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. How Do Rankings Work at the Different Banks? Market Data copyright 2023 QuoteMedia. How much does a Vice President make at JPMorgan Chase in the United States? Bank of America does not assume liability for any loss or damage resulting from anyone's reliance on the information provided. 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