Also core to our long-term progress is our ongoing effort to develop generations of diverse leaders who are deeply experienced and energized to drive the companys growth. Are Not Insured by Any Governmental Agency. Thank you for all you are doing to serve our clients and communities every day. A large corporation typically has one or a few executives and can have several senior vice presidents. 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. 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. Brands Inc., an American fast-food company, from 2000 to 2005, including Chief Financial Officer of the U.S. Division of KFC Corporation and as Senior Vice President and Treasurer, Began her career at Atlantic Richfield Company, where she spent 21 years in a number of finance positions, Member of the Board of Directors of Phillips 66 and its Audit and Finance, Nominating and Governance, and Executive Committees, and Chair of its Public Policy and Sustainability Committee, Member of the Board of Directors of Raytheon Technologies Corporation and its Audit and Human Capital and Compensation Committees. President of Bowdoin College, 2015 to present. Vice Chair, Head of Enterprise Credit. There is some variation depending on division, though. Alastair Borthwick has been named chief financial officer, effective in the fourth quarter. 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. An average senior vice president-operations typically have a masters degree in management, finance, or other related fields. Sharon Miller will continue to lead Small Business and take on additional responsibilities to include Specialty and Auto Lending. Assistant vice presidents may or may not supervise other employees, although they are generally responsible for mentoring and guiding new hires. Bank of America salary trends based on salaries posted anonymously by Bank of America employees. Edward Mountfield. Christine Morris. Personal email. After more than six years in his current role, Paul has expressed his desire to contribute to our organization in new ways going forward, in line with his priorities for the next phase of his career. This business spotlight will held Monday, Nov. 8 from 1 p.m.- 2 p.m. An investment bank vice president is treated as an individual with their own thoughts and opinions. 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. 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. Timothy Farrell is based out of New York, New York, United States and works at Bank Of America as Senior Vice President. Andrea Smith joined our company nearly 34 years ago and her exceptional career has spanned from her first role in technology to global head of Global Human Resources and to her most recent role as our chief administrative officer. Michael Rhodes. Latest update. 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. The middle 57% of Bank Vice Presidents makes between $96,790 and $241,095, with the top 86% making $530,728. 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. Today, we are announcing important steps forward in our management team for the company. Latest update. 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. (813) 225-8671. 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. 2023 Bank of America Corporation. How much do senior vice presidents of banks make? Comerica Incorporated's Senior Leadership Team members appear below. Big bank execs: What they take home When times were good, the top executives from the largest U.S. banks made a mint. Are Not a Condition to Any Banking Service or Activity. 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. Personal email. If you prefer that we not use this information, you can opt out of online behavioral advertising. 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. 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 . 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. Contacts. 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. Bank of America's key executives include Brian T. Moynihan and 39 others. 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. You work in a bank or other financial institution and focus on both customer service and financial tasks. 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. The top 10 percent makes over $302,000 per year, while the bottom 10 percent under $125,000 per year. Executive Vice President, 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. Vice Chair, Head of Enterprise Credit. In business, the duties of vice presidents vary with the organization. John Sletten is based out of Denver, Colorado, United States and works at Bank Of America as Senior Vice President. Bank of America, N.A. Amy has most recently been deputy general counsel for Global Human Resources, Chief Administrative Officer Group, Corporate Services, Business Operations, and Internal Enterprise Investigations. The diversity of roles across this expansive company provides a solid career foundation. 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. Usually Vice Presidents (VPs) and Senior Vice Presidents (SVPs) report to C-level executives. A large corporation typically has one or a few executives and can have several senior vice presidents. Lakshmi Shyam-Sunder. Relationship-based ads and online behavioral advertising help us do that. I have asked her to relocate to Paris and assume this enterprise-wide vice chair role providing leadership within and beyond our European presence. Market Data powered by QuoteMedia. 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.). Greater Seattle Area. Reveal contact info . Andrea has shared with me that she would like to retire at the end of this year to shift her primary focus to philanthropic and issues-based efforts that are deeply important to her and to spend more time with her family. Leaders who are assuming new and expanded roles on the team have deep and broad experience in different areas, while firmly sharing a commitment to drive our company and Responsible Growth through its second decade, with me and with all of you. 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. 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. 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. Dr. Roses PhD research and studies at the University of Pennsylvania in sociology with a focus on issues of race in America, and leadership of diversity, equity, and inclusion initiatives at JPMorgan Chase, gives him insight into human capital management issues, including diversity, equity, and inclusion. Bank of America Announces Senior Leadership Changes. 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. These materials are for informational purposes only. 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. Tom Scrivener has been named chief operations executive. Why is everyone at a bank a vice president? 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. When you visit these sites, you are agreeing to all of their terms of use, including their privacy and security policies. Through his public company board service, he has experience in governance, financial reporting, accounting of large international and regulated businesses, and board leadership. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges). Lauren Mogensen will become global general counsel for the company, succeeding David at the end of this year. The middle 67% of Senior Vice President, Senior Banker, Private Banks makes $210,000, with the top 67% making $252,000. Keeping this in consideration,what is the salary of vice president of bank of america? Below are some things to consider when trying to figure out how many senior vice presidents at bank of america. Served as a member of the Boards of Directors of XL Group, plc, Federal Home Loan Mortgage Corporation (Freddie Mac), and Mercantile Bankshares Corp. Requirements. Bank of America. Served as Senior Vice President at Avon Products, Inc. Average Bank of America Director yearly pay in the United States is approximately $158,632, which is 80% above the national average. Brian T. Moynihan Chairman of the Board and Chief Executive Officer Raul A. Anaya President of Business Banking; President - Greater Los Angeles Sheri B. Bronstein 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. 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. Paul has been an outstanding chief financial officer and strategic advisor for me and our company. Statistics and metrics included in our ESG documents are estimates and may be based on assumptions or developing standards. How much does a VP at Merrill Lynch make? Her leadership positions with Deloitte give her broad management experience with large, complex businesses and an international perspective on risk management and strategic planning. If you opt out, though, you may still receive generic advertising. We strive to provide you with information about products and services you might find interesting and useful. Ms. . Senior Vice President, Centralized and On Line Sales Executive. D. Steve Boland has been named chief administrative officer, overseeing local markets including all Bank of America market presidents and teams, Public Policy, Environment, Social & Governance efforts, Corporate & Internal Communications, External Communications, Global Sports Sponsorships, Corporate Security, and other related functions. Wendy is also president of Atlanta for the company. Typically, this role is second in command to the president of the company; and, other vice presidents may report to the executive vice president. Brands, Ms. Ramos background provides her with financial expertise and extensive strategic planning experience. Former Vice Chairman and Senior Executive Vice President, Canadian Imperial Bank of Commerce. Sheri Bronstein continues as chief human resources officer and will assume additional responsibility for The Academy, Enterprise Services, and other related functions going forward. Great company to advance and grow. Average Bank of America Senior Vice President monthly pay in Singapore is approximately $17,357, which is 8% above the national average. Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. Vice President, Development Finance. Only in the 19th century, the bank office was a separate company and today it's one insignificant part of a huge corporation. How much does a Vice President make at JPMorgan Chase in the United States? How much does a senior vice president at Merrill Lynch make? Are Not Bank Guaranteed. Mr. de Wecks experience as an executive with UBS AG (UBS) and Deutsche Bank AG (Deutsche Bank) enables him to bring extensive knowledge of the global financial services industry to our Board. Company goals are aspirational and not guarantees or promises that all goals will be met. 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. 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. These statements are not guarantees of future results or performance and involve certain known and unknown risks, uncertainties and assumptions that are difficult to predict and are often beyond Bank of Americas control. Because so many management employees eventually become vice presidents, there typically is a hierarchy within this broad category. Are Not FDIC Insured. The executive VP is usually the highest level, followed by senior vice president, vice president, assistant VP, and associate VP. With Cathys move to Europe, we are creating two distinct, dedicated organizations with deeply experienced leaders covering the former technology and operations organization. How much does a market president at Bank of America make? 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 . Please note that all salary figures are . How much does a Senior Vice President make at Bank of America in the United States? 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. BAML progression is: Analyst -> Associate -> Vice President -> Director -> Managing Director. 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. 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