In addition, Mr. Yost has experience leading a large, complex business. 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. Holly ONeill has been appointed president of Retail Banking, reporting to Dean and joining our Management Team. 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. Jorge Familiar. Are Not Insured by Any Governmental Agency. Touch device users, explore by touch or with swipe gestures. You can also find corporations placing a senior vice president in strategic roles within the company to ensure its success. September 26, 2021 Tom Scrivener has been named chief operations executive. Six years ago, I recruited David Leitch to be our global general counsel and he is an invaluable advisor to me, our management team and our Board of Directors. Paul Donofrio will become vice chair, and will oversee Sustainable Finance and chair our Sustainable Markets Committee. Michael Rhodes. The average pay for a Vice President Commercial Bank is $154,462 a year and $74 an hour in the United States. September 27, 2021 Reveal contact info . Latest update. Tyler works at Bank Of America as Senior Vice President, Product Management. Mr. White has experience leading a large and highly regulated business. Executive Vice President, He leads a team of . In this situation, the SVP would be higher in the chain of command than the other vice president. Senior Vice President at Bank Of America. Raphael W. Bostic (Off-site) took office as the president of the Federal Reserve Bank of Atlanta on June 5, 2017. As a Senior Vice President (SVP) of commercial lending, you oversee the handling of commercial loans. 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. How we help people, companies and institutions realize their financial goals, Chair and CEO, Bank of America Corporation. Previously, Tom was head of Consumer, Small Business & Wealth operations. Served as a member of the Boards of Directors of XL Group, plc, Federal Home Loan Mortgage Corporation (Freddie Mac), and Mercantile Bankshares Corp. Sheri Bronstein continues as chief human resources officer and will assume additional responsibility for The Academy, Enterprise Services, and other related functions going forward. 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. Mr. Woodss career at Canadian Imperial Bank of Commerce (CIBC) enables him to bring his deep experience in risk management, corporate strategy, finance, and the corporate and investment banking businesses to our Board. How much does a vice president of commercial banking make? Sheila Redzepi. The top 10 percent makes over $302,000 per year, while the bottom 10 percent under $125,000 per year. Served as a Management Consultant at Bain & Company and Arthur Andersen & Co. Lead Director of the Board of Directors of Kimberly-Clark Corporation, Chair of its Executive Committee; Member of the Board of Directors of Whirlpool Corporation, Chair of its Audit Committee, and member of its Corporate Governance and Nominating Committee, Member of the Boston College Board of Trustees, Vice Chairman of The Partnership to End Addiction and Vice-Chairman of the Mariinsky Foundation of America, which supports the Mariinsky Opera, Ballet, and Orchestra and the Academy for young singers and the young musicians orchestra, Served as Vice Chairman and Senior Executive Vice President of CIBC, a leading Canada-based global financial institution, from July 2013 until his retirement in December 2014, Served as Senior Executive Vice President and Chief Risk Officer of CIBC from 2008 to July 2013, and Senior Executive Vice President and Chief Financial Officer of CIBC from 2000 to 2008, Employed at Wood Gundy, a CIBC predecessor firm, starting in 1977; served in various senior leadership positions, including as Controller of CIBC, as Chief Financial Officer of CIBC World Markets (CIBCs investment banking division), and as the Head of CIBCs Canadian Corporate Banking division, Served as Chair of the Board of Directors of Hydro One Limited, a publicly traded and Toronto Stock Exchange listed electricity transmission and distribution company serving the Canadian province of Ontario, from August 2018 to July 2019, Member of the Board of Directors of MLI, chair of its Risk Committee, and member of its Governance Committee, Currently serves as a member of the Board of Directors of Alberta Investment Management Corporation, a Canadian institutional investment fund manager, and on the advisory committee of Cordiant Capital Inc., a fund manager specializing in emerging markets, Former member of the Board of Directors of Jarislowsky Fraser Limited, a global investment management firm, from 2016 to 2018, former member of the Boards of Directors of DBRS Limited and DBRS, Inc., an international credit rating agency, from 2015 to 2016, and former member of the Board of Directors of TMX Group Inc., a Canada-based financial services company, from 2012 to 2014, Member of the University of Toronto College of Electors, and the Board of Advisors of the Department of Mechanical and Industrial Engineering, Served as Chief Executive Officer of AmerisourceBergen, a pharmaceutical services company providing drug distribution and related services to healthcare providers and pharmaceutical manufacturers, from 2001 until his retirement in July 2011, and as President from 2001 to 2002 and again from September 2007 to November 2010, Held various positions at AmerisourceBergen and its predecessor companies during a nearly 40-year career, including Chief Executive Officer from 1997 to 2001 and Chairman from 2000 to 2001 of Amerisource Health Corporation, Member of the Board of Directors of Johnson Controls International plc and its Audit Committee, Member of the Board of Directors of Marsh & McLennan Companies, Inc., and its Compensation Committee, Directors and Governance Committee, and Finance Committee, Vice President for Research at MIT, a leading research institution, since 2013, where she oversees MIT Lincoln Laboratory and more than a dozen interdisciplinary research laboratories and centers and leads MITs Climate Action Plan, Served in a number of positions at NASA, including as a Geophysicist from 1986 to 1992, a Senior Research Scientist from 1993 to 2010, and as Principal Investigator of the Gravity Recovery and Interior Laboratory (GRAIL) mission from 2008 to 2017, which was designed to create the most accurate gravitational map of the moon to date and give scientists insight into the moons internal structure, composition, and evolution, and held leadership roles associated with scientific experiments or instrumentation on ten NASA missions, Served as a Professor at MIT since 1995, and was Head of the Earth, Atmospheric, and Planetary Sciences Department from 2003 to 2011, Member of the Board of Directors of Textron Inc. and its Nominating and Corporate Governance, and Organization and Compensation Committees, Appointed by President Biden in 2021 as Co-Chair of the Presidents Council of Advisors on Science and Technology, Appointed by President Obama in 2013 and reappointed by President Trump in 2018 to the National Science Board, a 25-member panel that serves as the governing board of the National Science Foundation and as advisors to the President and Congress on policy matters relating to science and engineering; served as Board Chair from 2016 to 2018, Co-Chair of the National Academies of Science, Engineering and Medicines National Science, Technology and Security Roundtable, Chair of NASAs Mars Sample Return Mission Standing Review Board, Board of Directors and Executive Committee of The Massachusetts Green High Performance Computing Center, a joint venture by Massachusetts universities, which provides infrastructure for computationally intensive research. Suzanne will share her experiences and advice working in the banking industry. We strive to provide you with information about products and services you might find interesting and useful. The life of an investment bank vice president centers on two responsibilities: completing pitch books and managing client relationships. Terms of Use. Great understanding of business functions (Sales, Engineering, etc.). How much does a VP at Merrill Lynch make? 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. The average salary range for a Vice President Commercial Bank is between $107,953 and $191,865. Big bank vice presidents in Charlotte tend to earn about $110,000, according to data submitted to the career site Glassdoor. 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 executive VP is usually the highest level, followed by senior vice president, vice president, assistant VP, and associate VP. Ms. Lozanos roles as the former Chief Executive Officer of College Futures Foundation, a charitable foundation working to increase the rate of college graduation for low-income California students, and as the former Chairman and Chief Executive Officer of ImpreMedia LLC (ImpreMedia), a leading Hispanic news and information company, enable her to bring her broad leadership experience in areas such as operations, marketing, and strategic planning to our Board. What does a senior vice president do at a bank? Who is higher CEO or VP? In this way,who is senior vice president bank of america? Jane A. Langford. Bernie Mensah, president of International and CEO of Merrill Lynch International will lead our extensive business across the United Kingdom, the European Union, Central and Eastern Europe, Middle East, Africa, Asia Pacific and Latin America. Andy Sieg, president of Merrill Lynch Wealth Management and Katy Knox, president of Bank of America Private Bank will continue in their current roles. 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. Statistics and metrics included in our ESG documents are estimates and may be based on assumptions or developing standards. He works closely with clients to address a range of wealth management needs. Former Chairman, President and CEO, DIRECTV Lead Director, Kimberly-Clark Corporation. 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 . 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.). You work in a bank or other financial institution and focus on both customer service and financial tasks. Suzanne is Senior Vice President and Senior Trust Officer at Bank of America. How much does a Vice President at JP Morgan make? Prior to his current role, Aditya led Marketing, Analytics, and Digital Banking and joined the company in 2004. These forward-looking statements represent the current expectations, plans or forecasts of Bank of America based on available information. Latest update. Paul Newman Senior Vice President Bank of America | LinkedIn. 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. Average Senior Vice President Salary $194,770 Yearly $93.64 hourly $125,000 10% $194,000 Median $302,000 90% See More Salary Information What Am I Worth? jerome.f.dubrowski@bofa.com. 14 Richard Blaine Studied at Texas Christian University Author has 2.1K answers and 2.9M answer views 2 y A senior vice president is a title which is earned through seniority. Matthew Koder, president of Global Corporate & Investment Banking (GCIB) will continue to lead this business, inclusive of Global Transaction Services. This business spotlight will held Monday, Nov. 8 from 1 p.m.- 2 p.m. View Tyler Boehling's email address (t*****@bankof***.com) and phone number. What does a senior vice president do at a bank? American Express Average base salary for vice presidents: $156,760. The middle 67% of Senior Vice President, Senior Banker, Private Banks makes $210,000, with the top 67% making $252,000. He has also taught and written extensively about financial services as a faculty member at the Harvard Business School. An average senior vice president-operations typically have a masters degree in management, finance, or other related fields. Ms. Lozano has a deep understanding of issues that are important to the Hispanic community, a growing U.S. demographic. Anita O'Dell. Daniel Pinto, President and COO, JPMorgan Chase CEO, Corporate & Investment Bank, J.P. Morgan. Only in the 19th century, the bank office was a separate company and today it's one insignificant part of a huge corporation. Christine Ruiz Senior Vice President, Business Support Manager. Because so many management employees eventually become vice presidents, there typically is a hierarchy within this broad category. Bruce Thompson continues as vice chair and head of Wholesale Credit, including Wholesale Credit Strategy which will move to his organization. From 2012 to 2017, he served as the Judith and John Bedrosian Chair in Governance and the Public Enterprise at the University of Southern California's Sol Price School of Public Policy. Valid. Valid. You can also find corporations placing a senior vice president in strategic roles within the company to ensure its success. The assistant vice president role in most organizations is a senior management position. How Do Rankings Work at the Different Banks? 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. How much does a Director make at Bank of America in the United States? 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 . Typically, this role is second in command to the president of the company; and, other vice presidents may report to the executive vice president. Average salaries for Bank of America Senior Vice President: $191,087. 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. This role directly builds on Pauls deep experience, expertise and relationships and will help drive these critical efforts forward for all those we serve. Bank of America does not assume liability for any loss or damage resulting from anyone's reliance on the information provided. How Many Senior Vice Presidents Does Bank Of America Have. When you visit these sites, you are agreeing to all of their terms of use, including their privacy and security policies. He will also have responsibility for the investment function for the companys pension investments, which total over $22 billion. Vice Chair, Head of Enterprise Credit. How much does a senior vice president at Merrill Lynch make? If you prefer that we not use this information, you can opt out of online behavioral advertising. Typically, this role is second in command to the president of the company; and, other vice presidents may report to the executive vice president. 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.). 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. What is the average salary of Bank of America Senior Vice President? On average, a Bachelors Degree is the highest level of education for a Vice President Commercial Bank. Senior Vice President, Digital Banking (Current Employee) - San Francisco, CA - October 28, 2019. 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. 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. Company goals are aspirational and not guarantees or promises that all goals will be met. Updated February 4, 2023. Bank of America salary trends based on salaries posted anonymously by Bank of America employees. 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. Career advice on becoming a Senior Vice President. 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. The highest paid Senior Vice Presidents work for D . Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. Our Management Team will also include the following leaders in corporate-wide roles. Neither of these is an easy transition, especially for. 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. How much does a Vice President make at JPMorgan Chase in the United States? Certain links may direct you away from Bank of America to an unaffiliated site. Latest update. Robert Cutshaw is based out of Bradenton, Florida, United States and works at Bank Of America as Senior Vice President. The company serves clients through operations across the United States, its territories and approximately 35 countries. Holly has most recently been chief client care executive & head of Consumer Client Services, including oversight of all client contact centers in the company. 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. 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. 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. 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. 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. Reveal email . Vice President salaries at Bank of America can range from 10,41,047 1,35,60,586 per year. John Sletten is based out of Denver, Colorado, United States and works at Bank Of America as Senior Vice President. These materials are for informational purposes only. Wendy Stewart has been appointed president of Global Commercial Banking, reporting to Dean and joining our Management Team. 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. How much does a Vice President make at JPMorgan Chase in the United States? Vice Chair, Head of Enterprise Credit. Greater Seattle Area. 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. Woods chaired CIBCs Asset Liability Committee, served as CIBCs lead liaison with regulators, and was an active member of CIBCs business strategy group. The middle 57% of Bank Vice Presidents makes between $96,790 and $241,095, with the top 86% making $530,728. She most recently was co-head of Global Commercial Banking in the southeast and head of Wholesale Credit Strategy. 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. 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. How much does a market president at Bank of America make? Senior Vice Presidents in America make an average salary of $194,770 per year or $94 per hour. Senior management jobs generally include positions within the following groups: Director, Vice President, C-level, and CEO. As a Senior Vice President (SVP) of commercial lending, you oversee the handling of commercial loans. 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. He will also continue as a vice chair of our Global Diversity & Inclusion Council. Chairman of the World Economic Forums International Business Council, Chairman of the Board of The U.S. Council on Competitiveness, Member (and prior President) of the Federal Advisory Council of the Federal Reserve Board, Co-Chair of the Sustainable Markets Initiative, Member of Board of Fellows of Brown University, Member of Advisory Council of Smithsonians National Museum of African American History and Culture, Chairman of Charlotte Executive Leadership Council, Member of Massachusetts Competitive Partnership, Served as Senior Vice President and Treasurer of Pepsi, a leading global food, snack, and beverage company, from 2001 to May 2009, and as Chief Financial Officer of The Pepsi Bottling Group and Controller of Pepsi, Served as Senior Vice President, Strategy and Business Development at RJR Nabisco, Inc. from 1998 to 1999, Held various senior financial roles at the Pillsbury division of Diageo plc, including Chief Financial Officer of its Pillsbury North America, Pillsbury Foodservice, and Hagen-Dazs divisions, and also served as Controller and Vice President of Internal Audit of the Pillsbury Company, Served as Lead Director of the Board of Directors of Reynolds American, Inc. from January 2017 to July 2017 and as a Board member from September 2007 to July 2017, Member of the Board of Directors of Ecolab Inc. and its Audit Committee and Finance Committee, Member of the Board of Directors of Textron Inc. and Chair of its Audit Committee, Deans Advisory Council at The Ohio State University Fisher College of Business, Served as Chairman of Deloitte, a firm that provides audit, consulting, financial advisory, risk management, and tax services, as the U.S. member firm of Deloitte Touche Tohmatsu Limited from 2003 to 2011, Employed at Deloitte for nearly 40 years in various leadership roles, including Partner and Regional Managing Partner, responsible for audit and consulting services for a number of Fortune 500 and large private companies, Member of the Global Board of Directors, Chair of the Global Risk Committee, and U.S. Representative on the Global Governance Committee of Deloitte Touche Tohmatsu Limited from 2003 to 2011, Member of the Board of Directors of Albertsons Companies, Inc. and its Audit & Risk Committee, and Chair of its Governance, Compliance & ESG Committee, Former Member of the Board of Directors of First Solar, Inc. and its Technology Committee, and Chair of its Audit Committee, Former Director and Chair of the National Board of Directors of the YMCA of the USA, a leading nonprofit organization for youth development, healthy living, and social responsibility, Former Vice Chair of the Board of Trustees of the Autry National Center, the governing body of the Autry Museum of the American West, Appointed by President George W. 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