Visit Website. 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. Marianne Lake, Co-CEO of Consumer & Community Banking. You can also find corporations placing a senior vice president in strategic roles within the company to ensure its success. 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. Relationship-based ads and online behavioral advertising help us do that. 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. Served as Senior Vice President at Avon Products, Inc. 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 Valid. How long does it take to become a senior vice president? Forward-looking statements represent Bank of Americas current expectations, plans or forecasts of its future results, revenues, expenses, efficiency ratio, capital measures, and future business and economic conditions more generally, and other future matters. Prior to becoming Chief Executive Officer, Mr. Moynihan ran each of the companys operating units, Member (and prior Chair) of the Board of Directors of Bank Policy Institute, Prior Chairman of Financial Services Forum. How Do Rankings Work at the Different Banks? These ads are based on your specific account relationships with us. Cathy has worked as our chief technology & operations officer for more than 12 years and previously led multiple business lines, staff support areas and regions since joining the company in 1982. This long-tenured team of highly energized individuals is committed to drive Responsible Growth, delivering for our clients, communities, and shareholders and addressing major societal issues. She most recently was co-head of Global Commercial Banking in the southeast and head of Wholesale Credit Strategy. In this situation, the SVP would be higher in the chain of command than the other vice president. When an organization has a CEO and president, the VP is usually third in command. Through his public company board service, he has experience in governance, financial reporting, accounting of large international and regulated businesses, and board leadership. American Express Average base salary for vice presidents: $156,760. His experience heading The Executive Leadership Council and the Juvenile Diabetes Research Foundation International gives him a distinct perspective on governance matters, social responsibility, and diversity. Mr. Almeidas public company board service includes extensive experience in public company corporate governance, talent development, executive compensation, and succession planning. MLPF&S is a registered broker-dealer, registered investment adviser, Member SIPC and a wholly owned subsidiary of BofA Corp. Trust and fiduciary services are provided by Bank of America Private Bank, a division of Bank of America, N.A., Member FDIC, and a wholly-owned subsidiary of Bank of America Corporation (BofA Corp.). Senior Vice President and Chief Auditor. Executive Director, Corporate Responsibility. Neither of these is an easy transition, especially for. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange. Von E. Hays. jessica.oppenheim@bofa.com, Jerry Dubrowski, Bank of America Edward Mountfield. Former CEO, College Futures Foundation; Former Chairman, US Hispanic Media Inc; Lead Independent Director, Target Corporation. 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. Christine Morris. He will also continue as a vice chair of our Global Diversity & Inclusion Council. In business, the duties of vice presidents vary with the organization. The average pay for a Vice President Commercial Bank is $154,462 a year and $74 an hour in the United States. A large corporation typically has one or a few executives and can have several senior vice presidents. September 26, 2021 Average Bank of America Senior Vice President yearly pay in the United States is approximately $193,002, which is 10% above the national average. As Chief Financial Officer at BANK OF AMERICA CORP, Paul M. Donofrio made $12,001,200 in total compensation. 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. Held various other roles in academia, including Professor of Management Practice at Harvard Business School. 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 . RT=Real-Time, EOD=End of Day, PD=Previous Day. I have asked her to relocate to Paris and assume this enterprise-wide vice chair role providing leadership within and beyond our European presence. Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. He will also continue to oversee our Paycheck Protection Program (PPP) Forgiveness effort. Sharon Miller will continue to lead Small Business and take on additional responsibilities to include Specialty and Auto Lending. You are continuing to another website that Bank of America doesnt own or operate. Vice President salaries at Bank of America can range from 10,41,047 1,35,60,586 per year. t*****@gmai***.com. 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. The middle 57% of Bank Vice Presidents makes between $96,790 and $241,095, with the top 86% making $530,728. 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! Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have . Brad Besel is a Senior Vice President at Bank of America based in Charlotte, North Carolina. 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. A senior vice president is a title which is earned through seniority. Former President and CEO, Carnival Corporation and Carnival plc. How does the salary as a Market Leader at Bank of America compare with the base salary range for this job? Mr. Almeidas business background also includes significant international experience, and as a native of Brazil, he brings a diverse perspective to our Board. Average Bank of America Senior Vice President yearly pay in the United States is approximately $193,002, which is 10% above the national average. What are the levels at Citibank? How much does a VP at Capital One make? An average senior vice president-operations typically have a masters degree in management, finance, or other related fields. The "senior vice president" title is much more coveted because it requires the approval of a more senior manager. How much does the CFO of Bank of America make? How much does a Bank of America director make? Alastair has most recently been president of Global Commercial Banking for nine years and previously was co-head of Global Capital Markets with responsibility for Equity Capital Markets, Investment Grade Debt Capital Markets, Leveraged Finance, and Global Origination for Rates & Currencies. 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. In this role, Paul will steward our efforts in support of our $1.5 trillion sustainable finance commitment, including oversight of our investments in Minority Depository Institutions and private equity funds through our $1.25 billion commitment to racial equality and economic opportunity, as well as investments made through our $1 trillion Environmental Business Initiative. An assistant vice president may serve as a team leader in project management or work directly with clients. Bruce Thompson continues as vice chair and head of Wholesale Credit, including Wholesale Credit Strategy which will move to his organization. Certain links may direct you away from Bank of America to an unaffiliated site. Market Data copyright 2023 QuoteMedia. 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 . 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. 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. Terms of Use. How much does a vice president of commercial banking make? You work in a bank or other financial institution and focus on both customer service and financial tasks. 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.. Latest update. Cathy Bessant will become vice chair, Global Strategy working with our European boards and focused on our global integrated strategy, governance, and client and regulator engagement. The Investment Banking Career Path. Opinions or ideas expressed are not necessarily those of Bank of America nor do they reflect their views or endorsement. Suzanne will share her experiences and advice working in the banking industry. How much does a first vice president make? 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. This website uses cookies to ensure you get the best experience on our website.View our privacy policy. The executive VP is usually the highest level, followed by senior vice president, vice president, assistant VP, and associate VP. When autocomplete results are available use up and down arrows to review and enter to select. In addition, she was instrumental in the establishment of our new EU investment firm, BofASE, and the build-out of the firms new EU Sales and Trading hub in Paris to ensure we could effectively service our clients post-Brexit. Holly ONeill has been appointed president of Retail Banking, reporting to Dean and joining our Management Team. Likewise,how much does a senior vice president of bank of america make? Holly has most recently been chief client care executive & head of Consumer Client Services, including oversight of all client contact centers in the company. 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. Executive 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. Are Not FDIC Insured. Typically, this role is second in command to the president of the company; and, other vice presidents may report to the executive vice president. Big bank vice presidents in Charlotte tend to earn about $110,000, according to data submitted to the career site Glassdoor. 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. Certain statements contained in this news release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. you can opt out of online behavioral advertising, Appointed Chair of the Board of Directors of Bank of America Corporation in October 2014 and President and Chief Executive Officer in January 2010. In addition, he has had a forty-year career in financial services, as a senior leader and board member. The middle 67% of Senior Vice President, Senior Banker, Private Banks makes $210,000, with the top 67% making $252,000. Paul Newman Senior Vice President Bank of America | LinkedIn. Average Bank of America Senior Vice President monthly pay in Singapore is approximately $17,357, which is 8% above the national average. Paul Donofrio will become vice chair, and will oversee Sustainable Finance and chair our Sustainable Markets Committee. Average JPMorgan Chase Managing Director yearly pay in the United States is approximately $375,735, which is 257% above the national average. Average Bank of America Director yearly pay in the United States is approximately $158,632, which is 80% above the national average. Mr. Nowells membership on the advisory council at a large, public university provides him with further experience with the oversight of large, complex organizations. How much does a Senior Vice President make at Bank of America in the United States? How long does it take to be a VP at a bank? Senior Vice President, Digital Banking (Current Employee) - San Francisco, CA - October 28, 2019. When you visit these sites, you are agreeing to all of their terms of use, including their privacy and security policies. This business spotlight will held Monday, Nov. 8 from 1 p.m.- 2 p.m. Responsible for all aspects of Call Center and On Line . 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 an MD make at JP Morgan? 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. Only in the 19th century, the bank office was a separate company and today it's one insignificant part of a huge corporation. 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 . 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