Bruce Thompson continues as vice chair and head of Wholesale Credit, including Wholesale Credit Strategy which will move to his organization. The middle 67% of Senior Vice President, Senior Banker, Private Banks makes $210,000, with the top 67% making $252,000. 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 average salary range for a Vice President Commercial Bank is between $107,953 and $191,865. Contact details. As I shared with our Board of Directors, it will continue to be my privilege to serve as CEO with them and with you. He and his team will execute this work in partnership with all of our lines of business. Statistics and metrics included in our ESG documents are estimates and may be based on assumptions or developing standards. 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 . Requirements. Brad Besel is a Senior Vice President at Bank of America based in Charlotte, North Carolina. 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. Served as a member of the Boards of Directors of XL Group, plc, Federal Home Loan Mortgage Corporation (Freddie Mac), and Mercantile Bankshares Corp. The estimated total pay for a Vice President at Bank of America Merrill Lynch is $362,135 per year. Reveal contact info . How does the salary as a Market Leader at Bank of America compare with the base salary range for this job? Executive Vice President and General Counsel. A large corporation typically has one or a few executives and can have several senior vice presidents. Robin Leopold, Head of Human Resources. The average salary range for a Vice President Commercial Bank is between $107,953 and $191,865. 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. Mr. White has experience leading a large and highly regulated business. 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. In this situation, the SVP would be higher in the chain of command than the other vice president. An assistant vice president is usually a regional director who provides high level management for a highly trained staff. Vice President salaries at Bank of America can range from 10,41,047 1,35,60,586 per year. Until that time, I have asked him to become vice chair, providing his expert stewardship on key issues and priorities on our management team. 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 corporate governance, human capital management, and risk management. This information may be used to deliver advertising on our Sites and offline (for example, by phone, email and direct mail) that's customized to meet specific interests you may have. Average salaries for Bank of America Senior Vice President: $191,087. As we stated then, we drive Responsible Growth through four tenets: we must grow and win in the market; we must grow through our customer-focused strategy serving people, companies and institutions; we must grow in alignment with our risk framework; and we must grow in a sustainable manner through operational excellence, being a great place to work, and sharing success with our communities. Teammates can join me in congratulating and recognizing Andrea on Flagscape today. 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. What does a senior vice president do at a bank? As a Senior Vice President (SVP) of commercial lending, you oversee the handling of commercial loans. Reveal contact info . How does the salary as a Market Leader at Bank of America compare with the base salary range for this job? Average Bank of America Senior Vice President monthly pay in Singapore is approximately $17,357, which is 8% above the national average. Sharon Miller will continue to lead Small Business and take on additional responsibilities to include Specialty and Auto Lending. Marianne Lake, Co-CEO of Consumer & Community Banking. Sheri Bronstein continues as chief human resources officer and will assume additional responsibility for The Academy, Enterprise Services, and other related functions going forward. Currently chairs the Board of Trustees for the Howard Hughes Medical Institute and chaired its Audit and Compensation Committee. Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. What is assistant vice president? How much does a VP at Merrill Lynch make? Some companies also use the term B-level executive to describe mid-level managers. Aditya Bhasin has been named chief technology and information officer. 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Former CEO, AmerisourceBergen Corporation. Senior management jobs generally include positions within the following groups: Director, Vice President, C-level, and CEO. Executive Vice President, She joined our company in 1996, working in the consumer and commercial businesses. Sheila Redzepi. In this way,who is senior vice president bank of america? 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. 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. An assistant vice president may serve as a team leader in project management or work directly with clients. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange. Jorge Familiar. Working closely with our global and regional senior management teams and country executives, he is responsible for the leadership and execution of our key priorities in over 35 countries from which we serve our clients around the world. Average JPMorgan Chase Managing Director yearly pay in the United States is approximately $375,735, which is 257% above the national average. Are Not Bank Guaranteed. 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. Further, with her service as Chief Financial Officer at ITT, Furniture Brands International, and the U.S. KFC division of Yum! He will also have responsibility for the investment function for the companys pension investments, which total over $22 billion. Served as Chairman, President and Chief Executive Officer of DIRECTV, a leading provider of digital television entertainment services, from January 2010 to August 2015, and as a director of the company from November 2009 until August 2015, Chief Executive Officer of PepsiCo International from February 2003 until November 2009; and served as Vice Chairman and director of Pepsi from March 2006 to November 2009, after holding positions of increasing importance with Pepsi since 1990. Bank of America's key executives include Brian T. Moynihan and 39 others. Edward Mountfield. Contact details. Terms of Use. 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. American Express Average base salary for vice presidents: $156,760. If you opt out, though, you may still receive generic advertising. This website uses cookies to ensure you get the best experience on our website.View our privacy policy. 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. Paul Donofrio will become vice chair, and will oversee Sustainable Finance and chair our Sustainable Markets Committee. Furthermore,how much does a senior vice president of bank of america make? Lauren Mogensen will become global general counsel for the company, succeeding David at the end of this year. Paul Newman Senior Vice President Bank of America | LinkedIn. Senior Vice President at Bank of America Hyderabad, Telangana, India 500+ connections. A vice-president is basically someone that runs a branch office of 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. Bank of America does not assume liability for any loss or damage resulting from anyone's reliance on the information provided. 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. The Investment Banking Career Path. Certain statements contained in this news release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Average Bank of America Director yearly pay in the United States is approximately $158,632, which is 80% above the national average. 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. Phone: 1.646.855.1600 In business, the duties of vice presidents vary with the organization. Citi progression is: AVP -> VP -> SVP -> Director -> MD. 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. Alastair Borthwick has been named chief financial officer, effective in the fourth quarter. Bank of America. What are the levels at Citibank? He will also continue to serve on our Sustainable Markets Committee playing a critical, business leadership role in those efforts. 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. 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.). How much does a VP at Merrill Lynch make? Matthew Koder, president of Global Corporate & Investment Banking (GCIB) will continue to lead this business, inclusive of Global Transaction Services. She was also chief operating officer in our wealth management businesses and joined the bank in 1996. 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. Former Chairman, President and CEO, DIRECTV Lead Director, Kimberly-Clark Corporation. An executive vice president is higher ranking than a senior VP, and generally has executive decision-making powers. Latest update. Relationship-based ads and online behavioral advertising help us do that. 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. The average salary for Vice President at companies like Bank Of America in the United States is $359,361 as of December 27, 2022, but the range typically falls between $287,064 and $392,859. Comerica Incorporated's Senior Leadership Team members appear below. How we help people, companies and institutions realize their financial goals, Chair and CEO, Bank of America Corporation. Latest update. Christine Katziff continues as our chief audit executive overseeing Corporate Audit & Credit Review. Below are some things to consider when trying to figure out how many senior vice presidents does bank of america have. 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. May Lose Value. Average JPMorgan Chase Vice President yearly pay in the United States is approximately $110,528, which is 24% below the national average. President of Bowdoin College, 2015 to present. Anita O'Dell. He joined the company in 1995. (813) 225-8671. Are Not Insured by Any Governmental Agency. 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. How much does a Bank of America director make? 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.). Vice President, Development Finance. 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. Senior Vice President at Bank Of America. Strong experience in project management and budgeting. Senior Vice President and Chief Auditor. D. 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