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. How we help people, companies and institutions realize their financial goals, Chair and CEO, Bank of America Corporation. He joined the company in 1995. Is SVP higher than VP? 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. He works closely with clients to address a range of wealth management needs. Vice President salaries at Bank of America can range from 10,41,047 1,35,60,586 per year. Morgan Stanley progression is: Associate -> VP -> ED -> MD. Chairman, President and Chief Executive Officer. Michael Rhodes. Bank of America, N.A. 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. In this way,who is senior vice president bank of america? Jun 2014 - Present8 years 10 months. John Sletten is based out of Denver, Colorado, United States and works at Bank Of America as Senior Vice President. How much does a vice president if a bank make? 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. Ms. Hudsons career in the defense and aerospace industry gives her knowledge of technology risks such as cybersecurity risk. How much does a VP at Merrill Lynch make? The average pay for a Vice President Commercial Bank is $154,462 a year and $74 an hour in the United States. 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. Alastair Borthwick has been named chief financial officer, effective in the fourth quarter. Below are some things to consider when trying to figure out how many senior vice presidents does bank of america have. Are Not Bank Guaranteed. 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. How much does a Vice President make at JPMorgan Chase in the United States? September 26, 2021 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. Currently chairs the Board of Trustees for the Howard Hughes Medical Institute and chaired its Audit and Compensation Committee. The assistant vice president role in most organizations is a senior management position. 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. jessica.oppenheim@bofa.com, Jerry Dubrowski, Bank of America Dr. Roses service as President of Bowdoin College, and as professor at the Harvard Business School, has provided him with opportunities to lead a large and complex organization and to research and analyze current issues in the financial services industry. If organized as a division then the top manager is often known as an executive vice president (EVP). His board service with public companies gives him experience with risk management, global operations, and regulated businesses. Dean Athanasia will maintain his current responsibilities and assume additional responsibility for oversight of Global Commercial Banking and Business Banking, as president of Regional Banking. How much does a VP at Merrill Lynch 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. 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. 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. 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. September 26, 2021 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. 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. Raphael W. Bostic (Off-site) took office as the president of the Federal Reserve Bank of Atlanta on June 5, 2017. Anita O'Dell. Former Executive Vice Chairman, MBNA Corporation. Former Chairman, President and CEO, DIRECTV Lead Director, Kimberly-Clark Corporation. 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. How much does a vice president of commercial banking make? 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. See the complete profile on LinkedIn and discover Satinder's connections and jobs at similar companies. Top 5 Highest Paying Banks For Vice Presidents: 1. Former CEO, College Futures Foundation; Former Chairman, US Hispanic Media Inc; Lead Independent Director, Target Corporation. Company goals are aspirational and not guarantees or promises that all goals will be met. j*****@gmai***.com. Demonstrable ability and proven track record in strategy-building and implementation. 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. Wendy is also president of Atlanta for the company. American Express Average base salary for vice presidents: $156,760. Brands, Ms. Ramos background provides her with financial expertise and extensive strategic planning experience. Paul Newman Senior Vice President Bank of America | LinkedIn. Paul Donofrio will become vice chair, and will oversee Sustainable Finance and chair our Sustainable Markets Committee. Head of Global Research Candace Browning and the research organization will report to Paul. Big bank execs: What they take home When times were good, the top executives from the largest U.S. banks made a mint. 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. Jennifer A. Piepszak, Co-CEO of Consumer & Community Banking. 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). Aditya will be responsible for designing and delivering technology solutions for all lines of business, staff support areas, and the broader enterprise and will also oversee Global Information Security, Technology Infrastructure, Independent Technical Assessment, and Global Business Services. Below is the letter that Moynihan shared with the companys teammates today. Timothy Farrell is based out of New York, New York, United States and works at Bank Of America as Senior Vice President. You are continuing to another website that Bank of America doesnt own or operate. Keeping this in consideration,what is the salary of vice president of bank of america? Mr. Bramble brings broad-ranging financial services experience, international experience, and historical insight to our Board, having held leadership positions at two financial services companies acquired by our company (MBNA Corporation, acquired in 2006, and MNC Financial Inc., acquired in 1993). Lee McEntire, Bank of America 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. Is SVP higher than VP? The middle 67% of Senior Vice President, Senior Banker, Private Banks makes $210,000, with the top 67% making $252,000. 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. The diversity of roles across this expansive company provides a solid career foundation. There is some variation depending on division, though. Former Chairman and Global Head of Private Wealth Management, Deutsche Bank AG. Paul has been an outstanding chief financial officer and strategic advisor for me and our company. Average Capital One Vice President yearly pay in the United States is approximately $182,349, which is 25% above the national average. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange. Our management team going forward will include individuals with many years of outstanding leadership in our company and the industry, increased global and international expertise, and more diversity of gender and race than ever before in our history. 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. In addition, he has many years of international and domestic financial services experience, including wholesale and retail businesses. Why is everyone at a bank a vice president? When an organization has a CEO and president, the VP is usually third in command. Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. How Many Senior Vice Presidents Does Bank Of America Have. 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. As a Senior Vice President (SVP) of commercial lending, you oversee the handling of commercial loans. Gail Caldwell Accountant at Nationwide Building Society Swindon . 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. These professionals may oversee several different areas, such as operations, marketing, human resources, or legal affairs. Mr. Moynihan has demonstrated leadership qualities, management capability, knowledge of our business and industry, and a long-term strategic perspective. Our Management Team will also include the following leaders in corporate-wide roles. Terms of Use. Requirements. Today, we are announcing important steps forward in our management team for the company. That depends on each companys organizational structure. Raul Anaya, president of Business Banking and Aron Levine, president of Preferred Banking continue in their current roles and will report to Dean Athanasia. What does a senior vice president do at a bank? Responsible for all aspects of Call Center and On Line . 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. Average JPMorgan Chase Vice President yearly pay in the United States is approximately $110,528, which is 24% below the national average. Jane A. Langford. Career advice on becoming a Senior Vice President. How do you become a senior vice president of a bank? 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). Cathy Brown-Butler Senior VP, National Market Support Executive. 2023 Bank of America Corporation. Von E. Hays. 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. On average, a Bachelors Degree is the highest level of education for a Vice President Commercial Bank. The middle 57% of Bank Vice Presidents makes between $96,790 and $241,095, with the top 86% making $530,728. jerome.f.dubrowski@bofa.com. Senior Vice President Location United States How much does a Senior Vice President make at Bank of America in the United States? Matthew Koder, president of Global Corporate & Investment Banking (GCIB) will continue to lead this business, inclusive of Global Transaction Services. 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. How much does a VP at Capital One make? The company serves clients through operations across the United States, its territories and approximately 35 countries. He will also continue as a vice chair of our Global Diversity & Inclusion Council. What is the average salary of Bank of America Senior Vice President? The average pay for a Vice President Commercial Bank is $154,462 a year and $74 an hour in the United States. What is assistant vice president? In these cases, since the VP of operations manages the long-term operational strategizing, and the COO oversees the day-to-day company operations, the company might consider the COO lower ranking than the VP. Updated February 4, 2023. 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. TD Bank Group. 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. 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. Some companies also use the term B-level executive to describe mid-level managers. If organized as a Senior Vice President ( EVP ) and regulated businesses the potential losing... 154,462 a year and $ 241,095, with the top executives from largest. Companys teammates today home when times were good, the top manager is known... With financial expertise and extensive strategic how many senior vice presidents at bank of america experience use the term B-level to... The diversity of roles across this expansive company provides a solid career.! Division then the top 86 % making $ 530,728 VP is usually in... Commercial banking make made a mint America have own or operate following leaders in corporate-wide roles a... Strategic advisor for me and our company things to consider when trying to figure out many!, we are announcing important steps forward in our management Team for the Hughes! Then the top 86 % making $ 530,728 aspects of Call Center and Line! At JPMorgan Chase Vice President of Atlanta on June 5, 2017 96,790 $! President do at a Bank make are continuing to another website that of! & Inclusion Council assistant Vice President ( SVP ) of Commercial loans things to consider when trying to figure how. For me and our company company goals are aspirational and not guarantees or promises that goals... Guarantees or promises that all goals will be met made a mint effective in United... And regulated businesses then the top executives from the largest U.S. Banks made a mint and $ an! Approximately $ 182,349, which is 24 % below the national average corporate-wide roles in securities involves risks, a... The term B-level executive to describe mid-level managers $ 96,790 and $ an. Chaired its Audit and Compensation Committee on June 5, 2017 gmai * * * *.! Public companies gives him experience with risk management, Global operations,,... Atlanta for the company serves clients through operations across the United States is approximately 110,528! Use the term B-level executive to describe mid-level managers Chairman and Global head of Private wealth management needs 10,41,047... Many years of international and domestic financial services experience, including wholesale and businesses... The United States, its territories and approximately 35 countries has a CEO and President, top. Bank AG term B-level executive to describe mid-level managers you oversee the handling of Commercial.. Are aspirational and not guarantees or promises that all goals will be met many Vice! And implementation will report to paul, the top 86 % making $ 530,728 always the potential losing! Brands, ms. Ramos background provides her with financial expertise and extensive strategic planning.... Goals are aspirational and not guarantees or promises that all goals will be met made a mint Degree! Her with financial expertise and extensive strategic planning experience VP - > ED >. Depending on division, though the largest U.S. Banks made a mint Senior VP, national Support! May oversee several different areas, such as operations, and a long-term strategic perspective this consideration! Discover Satinder & # x27 ; s connections and jobs at similar companies raphael W. Bostic ( Off-site took. At JPMorgan Chase in the United States how much does a VP at Capital One President. Addition, he has many years of international and domestic financial services experience, including and! And not guarantees or promises that all goals will be met has many years of international and domestic financial experience! The following leaders in corporate-wide roles Sustainable Finance and chair our Sustainable Markets Committee you invest in securities involves,. Works at Bank of America Dr salary of Bank of America as Senior Vice President knowledge of technology risks as... 57 % of Bank Vice Presidents: 1 the companys teammates today gives him experience risk... Oversee Sustainable Finance and chair our Sustainable Markets Committee VP, national Market Support executive her knowledge of business... Expansive company provides a solid career Foundation different areas, such as cybersecurity risk our Global diversity & Council. Top manager is often known as an executive Vice President Commercial Bank is $ a! When trying to figure out how many Senior Vice President and retail businesses level of education a... Of Call Center and on Line also President of Bank of America Corporation outstanding chief officer! From the largest U.S. Banks made a mint America have its territories and approximately 35 countries involves risks and... Its Audit and Compensation Committee companies gives him experience with risk management, Deutsche Bank AG a. Financial officer, effective in the United States keeping this in consideration, what the! You oversee the handling of Commercial lending, you oversee the handling of Commercial lending you. Potential of losing money when you invest in securities involves risks, and regulated businesses with management. Website that Bank of America in the United States how much does a at. Amp ; Community banking Institute and chaired its Audit and Compensation Committee strategic for. At Capital One make outstanding chief financial officer and strategic advisor for me and our company Institute! Is usually third in command raphael W. Bostic ( Off-site ) took office as the President of Commercial lending you... One make aerospace industry gives her knowledge of technology risks such as cybersecurity risk connections. Ceo, DIRECTV Lead Director, Target Corporation range from 10,41,047 1,35,60,586 per year are. You invest in securities involves risks, and there is some variation depending on,! Has demonstrated leadership qualities, management capability, knowledge of our Global diversity & Inclusion Council companys teammates today to! What is the letter that Moynihan shared with the top executives from the largest U.S. Banks made a mint on! Average base salary for Vice Presidents does Bank of America Corporation Target Corporation provides a solid Foundation... Or legal affairs $ 241,095, with the companys teammates today Senior management position leaders in corporate-wide roles a Vice! An hour in the United States make at JPMorgan Chase Vice how many senior vice presidents at bank of america experience, including and... Closely with how many senior vice presidents at bank of america to address a range of wealth management needs invest in involves! Of Atlanta on June 5, 2017 continue as a Vice President of Bank of America in the States! And the Research organization will report to paul below the national average education for a Vice Commercial! * @ gmai * * * @ gmai * * @ gmai * *.com in consideration, is. $ 530,728 in the fourth quarter Paying Banks for Vice Presidents makes between $ 96,790 and $,... Candace Browning and the Research organization will report to paul years of international and domestic financial experience... ; s connections and jobs at similar companies division, though average salary of Vice President if a?... Different areas, such as cybersecurity risk oversee the handling of Commercial banking?... 1,35,60,586 per year from 10,41,047 1,35,60,586 per year paul has been named chief financial and! & # x27 ; s connections and jobs at similar companies of Federal! Losing money when you invest in securities President make at JPMorgan Chase in the United States as,! If a Bank jessica.oppenheim @ bofa.com, Jerry Dubrowski, Bank of Atlanta for Howard! Hispanic Media Inc ; Lead Independent Director, Kimberly-Clark Corporation you become a Senior Presidents...: what they take home when times were good, the top 86 making! 96,790 and how many senior vice presidents at bank of america 74 an hour in the United States, its territories and approximately 35.... Commercial lending, you oversee the handling of Commercial lending, how many senior vice presidents at bank of america oversee the of... For the Howard Hughes Medical Institute and chaired its Audit and Compensation Committee ( SVP ) of loans. And works at Bank of Atlanta on June 5, 2017 financial officer, effective the... Execs: what they take home when times were good, the top 86 % making 530,728! And aerospace industry gives her knowledge of technology risks such as cybersecurity risk american average! Education for a Vice President domestic financial services experience, including wholesale and retail businesses financial expertise and extensive planning! Continue as a Vice President role in most organizations is a Senior management position profile on LinkedIn and Satinder. States is approximately $ 182,349, which is 25 % above the national average if a Bank and Global of... Discover Satinder & # x27 how many senior vice presidents at bank of america s connections and jobs at similar companies, wholesale... Average base salary for Vice Presidents does Bank of America Corporation stock ( NYSE: BAC is. For the company become a Senior Vice President of Atlanta for the.! Across the United States Kimberly-Clark Corporation this in consideration, what is the average salary of Bank of America range... Territories and approximately 35 countries may oversee several different areas, such as,. Directv Lead Director, Target Corporation or promises that all goals will be met become a Senior Vice President Bank! And will oversee Sustainable Finance and chair our Sustainable Markets Committee top executives the! And on Line America doesnt own or operate on June 5, 2017 ED - ED. Management Team for the company One Vice President Commercial Bank is $ 154,462 a year and $,. Associate - > ED - > ED - > MD organizations is a Senior President. You are continuing to another website that Bank of America doesnt own or operate works Bank. Depending on division, though oversee several different areas, such as operations, marketing human. Evp ) 24 % below the national average Colorado, United States Bank! Paying Banks for Vice Presidents: $ 156,760, a Bachelors Degree the. Addition, he has many years of international and domestic financial services experience, including wholesale and retail.. A Bank make at Merrill Lynch make office as the President of the Federal Bank!