Typically, this role is second in command to the president of the company; and, other vice presidents may report to the executive vice president. To learn more about relationship-based ads, online behavioral advertising and our privacy practices, please review the Bank of America Online Privacy Notice and our Online Privacy FAQs. Bank of America's key executives include Brian T. Moynihan and 39 others. Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. In addition, he has had a forty-year career in financial services, as a senior leader and board member. In business, the duties of vice presidents vary with the organization. Christine Katziff continues as our chief audit executive overseeing Corporate Audit & Credit Review. Executive Vice President, He will also continue as a vice chair of our Global Diversity & Inclusion Council. 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! The executive VP is usually the highest level, followed by senior vice president, vice president, assistant VP, and associate VP. Senior Vice President, Centralized and On Line Sales Executive. Hierarchy. Bank of America, N.A. Motivational and inspirational sources to all those parents to enjoy life with their babies, Home FAQ How Many Senior Vice Presidents At Bank Of America. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges). Charles L. Evans (Off-site) took office as the . Wendy Stewart has been appointed president of Global Commercial Banking, reporting to Dean and joining our Management Team. 14 Richard Blaine Studied at Texas Christian University Author has 2.1K answers and 2.9M answer views 2 y She most recently was co-head of Global Commercial Banking in the southeast and head of Wholesale Credit Strategy. How much does a vice president if a bank make? The average salary range for a Vice President Commercial Bank is between $107,953 and $191,865. 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. How long does it take to become a senior vice president? Currently chairs the Board of Trustees for the Howard Hughes Medical Institute and chaired its Audit and Compensation Committee. She joined our company in 1996, working in the consumer and commercial businesses. David has most recently served as head of Digital Banking. Updated February 4, 2023. The company provides unmatched convenience in the United States, serving approximately 66 million consumer and small business clients with approximately 4,300 retail financial centers, approximately 17,000 ATMs, and award-winning digital banking with approximately 41 million active users, including approximately 32 million mobile users. Griswold Professor of Geophysics, Massachusetts Institute of Technology. Big bank execs: What they take home When times were good, the top executives from the largest U.S. banks made a mint. 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. How much does a Vice President at JP Morgan make? Vice president. 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. That depends on each companys organizational structure. September 27, 2021 Risk Factors of Bank of Americas Annual Report on Form 10-K for the year ended December 31, 2020, and in any of Bank of Americas other subsequent Securities and Exchange Commission filings. Statistics and metrics included in our ESG documents are estimates and may be based on assumptions or developing standards. Bank of America is a great company for anyone that's a self-starter and puts emphasis on continuous growth. Senior Vice Presidents in America make an average salary of $194,770 per year or $94 per hour. He will also continue as a vice chair of our Global Diversity & Inclusion Council. Phone: 1.980.388.6780 An assistant vice president is usually a regional director who provides high level management for a highly trained staff. Are Not Insured by Any Governmental Agency. Mr. Moynihan has demonstrated leadership qualities, management capability, knowledge of our business and industry, and a long-term strategic perspective. Senior Vice President, Digital Banking (Current Employee) - San Francisco, CA - October 28, 2019. Are Not a Condition to Any Banking Service or Activity. Reveal contact info . 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. As a Senior Vice President (SVP) of commercial lending, you oversee the handling of commercial loans. 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. Vice President salaries at Bank of America can range from 10,41,047 1,35,60,586 per year. Average Bank of America Senior Vice President monthly pay in Singapore is approximately $17,357, which is 8% above the national average. Suzanne will share her experiences and advice working in the banking industry. Personal email. Average JPMorgan Chase Vice President yearly pay in the United States is approximately $110,528, which is 24% below the national average. 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. Tom Scrivener has been named chief operations executive. 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). Sharon Miller will continue to lead Small Business and take on additional responsibilities to include Specialty and Auto Lending. Great understanding of business functions (Sales, Engineering, etc.). How much does a VP at Merrill Lynch make? 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. 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. Love to see this investment in #STEM at Discovery Place in #Charlotte - this will open so many doors for people who want to work in tech but don't know how to Lauren Mogensen will become global general counsel for the company, succeeding David at the end of this year. Average JPMorgan Chase Managing Director yearly pay in the United States is approximately $375,735, which is 257% above the national average. Bank of America Announces Senior Leadership Changes. 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. Member FDIC.Equal Housing Lender Statistics and metrics included in our ESG documents are estimates and may be based on assumptions or developing standards. How much do senior vice presidents of banks make? Wendy W. Bridges. His board service with public companies gives him experience with risk management, global operations, and regulated businesses. In this situation, the SVP would be higher in the chain of command than the other vice president. RT=Real-Time, EOD=End of Day, PD=Previous Day. The assistant vice president role in most organizations is a senior management position. View Tyler Boehling's email address (t*****@bankof***.com) and phone number. 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. Executive Director, Corporate Responsibility. Is SVP higher than VP? Below are some things to consider when trying to figure out how many senior vice presidents at bank of america. Former Chairman and Global Head of Private Wealth Management, Deutsche Bank AG. Because so many management employees eventually become vice presidents, there typically is a hierarchy within this broad category. Former Chairman, President and CEO, DIRECTV Lead Director, Kimberly-Clark Corporation. The average pay for a Vice President Commercial Bank is $154,462 a year and $74 an hour in the United States. Senior management jobs generally include positions within the following groups: Director, Vice President, C-level, and CEO. Company goals are aspirational and not guarantees or promises that all goals will be met. 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. He leads a team of . He leads a nationwide team that serves mid-sized, U.S.-based companies with annual revenues between $5 million and $50 million, by delivering strategic financial advice and solutions to help companies grow, improve cash flow and . Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have . These experiences have provided him with deep financial, international, and risk management experience, in addition to broad experience in leadership and strategy with a financial services company. Paul has been an outstanding chief financial officer and strategic advisor for me and our company. Jorge Familiar. A senior vice president is a title which is earned through seniority. Assistant vice presidents may or may not supervise other employees, although they are generally responsible for mentoring and guiding new hires. Merrill Lynch Salary FAQs The average salary for a Senior Vice President is $207,470 per year in United States, which is 102% higher than the average Merrill Lynch salary of $102,650 per year for this job. Bank of America does not assume liability for any loss or damage resulting from anyone's reliance on the information provided. Chad Labenz Vice President, Wealth Management Advisor. 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 . 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. With Cathys move to Europe, we are creating two distinct, dedicated organizations with deeply experienced leaders covering the former technology and operations organization. Company goals are aspirational and not guarantees or promises that all goals will be met. 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. Responsible for all aspects of Call Center and On Line . 2023 Bank of America Corporation. 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. jessica.oppenheim@bofa.com, Jerry Dubrowski, Bank of America Mr. Woods chaired CIBCs Asset Liability Committee, served as CIBCs lead liaison with regulators, and was an active member of CIBCs business strategy group. What does a senior vice president do at a bank? Yukio Johnson is a Private Client Advisor at Bank of America Private Bank, based in Walnut Creek. How Many Senior Vice Presidents At Bank Of America. Former President and CEO, Carnival Corporation and Carnival plc. An investment bank vice president is treated as an individual with their own thoughts and opinions. How much does a VP at Capital One make? 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.. 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. Previously, Tom was head of Consumer, Small Business & Wealth operations. Thong Nguyen continues as vice chair and head of Global Strategy & Enterprise Platforms including Enterprise Data Management, and will assume additional responsibility for Global Real Estate, Business Continuity, and other related functions. Furthermore,how much does a senior vice president of bank of america make? 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