How much does the CFO of Bank of America make? Christine Morris. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange. Raul A. Anaya is president of Business Banking, one of Bank of America's eight lines of business, and is a member of the company's executive management team. In addition, he has had a forty-year career in financial services, as a senior leader and board member. 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. 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. Neither of these is an easy transition, especially for. Mr. Woods chaired CIBCs Asset Liability Committee, served as CIBCs lead liaison with regulators, and was an active member of CIBCs business strategy group. He works closely with clients to address a range of wealth management needs. How much does a Senior Vice President make at Bank of America in the United States? Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges). In addition, Mr. Yost has experience leading a large, complex business. Why is everyone at a bank a vice president? Furthermore,how much does a senior vice president of bank of america make? Average JPMorgan Chase Managing Director yearly pay in the United States is approximately $375,735, which is 257% above the national average. Please note that all salary figures are . 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. An average senior vice president-operations typically have a masters degree in management, finance, or other related fields. 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! Some companies also use the term B-level executive to describe mid-level managers. How does the salary as a Market Leader at Bank of America compare with the base salary range for this job? [email protected], Jerry Dubrowski, Bank of America Senior Executive Vice President, Transformation, Enablement and Customer Experience. Opinions or ideas expressed are not necessarily those of Bank of America nor do they reflect their views or endorsement. How much does a VP at Merrill Lynch make? As we focus on the path ahead and what it requires, and individuals decide they are ready to transition and/or retire, we are able to promote and expand colleagues from inside the company resulting in new opportunities, smooth transitions, and continued momentum. Is SVP higher than VP? Reimagine Your Business Journey to Embrace Bold New Ideas. The estimated total pay for a Vice President at Bank of America Merrill Lynch is $362,135 per year. Holly ONeill has been appointed president of Retail Banking, reporting to Dean and joining our Management Team. 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. 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.). Big bank execs: What they take home When times were good, the top executives from the largest U.S. banks made a mint. Former CEO, College Futures Foundation; Former Chairman, US Hispanic Media Inc; Lead Independent Director, Target Corporation. Personal email. 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. 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. Securities, strategic advisory, and other investment banking activities are performed globally by investment banking affiliates of Bank of America Corporation ("Investment Banking Affiliates"), including, in the United States, BofA Securities, Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, and Merrill Lynch Professional Clearing Corp., all of which are registered broker-dealers and Members ofSIPC, and, in other jurisdictions, by locally registered entities. 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. Paul Newman Senior Vice President Bank of America | LinkedIn. Working closely with our global and regional senior management teams and country executives, he is responsible for the leadership and execution of our key priorities in over 35 countries from which we serve our clients around the world. A senior vice president is a title which is earned through seniority. Market Data powered by QuoteMedia. Raphael W. Bostic (Off-site) took office as the president of the Federal Reserve Bank of Atlanta on June 5, 2017. You can also find corporations placing a senior vice president in strategic roles within the company to ensure its success. Currently chairs the Board of Trustees for the Howard Hughes Medical Institute and chaired its Audit and Compensation Committee. Demonstrable ability and proven track record in strategy-building and implementation. Reveal contact info . 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. Vice President salaries at Bank of America can range from 10,41,047 1,35,60,586 per year. Executive Vice President. May Lose Value. 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. Her leadership positions with Deloitte give her broad management experience with large, complex businesses and an international perspective on risk management and strategic planning. This material does not take into account your particular investment objectives, financial situations or needs and is not intended as a recommendation, offer or solicitation for the purchase or sale of any security, financial instrument, or strategy. 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. How Many Senior Vice Presidents Does Bank Of America Have. How much do senior vice presidents of banks make? Ms. . 2023 Bank of America Corporation. 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. 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. Only in the 19th century, the bank office was a separate company and today it's one insignificant part of a huge corporation. The typical Bank of America Vice President salary is 47,77,088 per year. How much does a vice president if a bank make? Vice Chair, Head of Enterprise Credit. Assistant vice presidents may or may not supervise other employees, although they are generally responsible for mentoring and guiding new hires. 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 . Sheri Bronstein continues as chief human resources officer and will assume additional responsibility for The Academy, Enterprise Services, and other related functions going forward. Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. 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. 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). How much does a first vice president make? President of Bowdoin College, 2015 to present. Head of Global Research Candace Browning and the research organization will report to Paul. Statistics and metrics included in our ESG documents are estimates and may be based on assumptions or developing standards. 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. Vice president. Sharon Miller will continue to lead Small Business and take on additional responsibilities to include Specialty and Auto Lending. Matthew Koder, president of Global Corporate & Investment Banking (GCIB) will continue to lead this business, inclusive of Global Transaction Services. Big bank vice presidents in Charlotte tend to earn about $110,000, according to data submitted to the career site Glassdoor. 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. Raul Anaya, president of Business Banking and Aron Levine, president of Preferred Banking continue in their current roles and will report to Dean Athanasia. How much does a senior vice president at Merrill Lynch make? Market Data copyright 2023 QuoteMedia. September 26, 2021 Wendy is also president of Atlanta for the company. Contacts. If organized as a division then the top manager is often known as an executive vice president (EVP). 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. Are Not Deposits. Ms. Pike is also the former President of Business Banking at Bank of America, as well as, the former President of California for that corporation. Latest update. Ms. Hudsons career in the defense and aerospace industry gives her knowledge of technology risks such as cybersecurity risk. The middle 67% of Senior Vice President, Senior Banker, Private Banks makes $210,000, with the top 67% making $252,000. Charles L. Evans (Off-site) took office as the . The typical Bank of America Vice President salary is 47,77,088 per year. The average pay for a Vice President Commercial Bank is $154,462 a year and $74 an hour in the United States. Jane A. Langford. How much does a VP at Merrill Lynch make? How much do senior vice presidents of banks make? Phone: 1.980.388.6780 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. Further, with her service as Chief Financial Officer at ITT, Furniture Brands International, and the U.S. KFC division of Yum! Phone: 1.646.855.1195 (office), 508.843.5626 (mobile) 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. Lead Independent Director, Bank of America Corporation; Former SVP and Treasurer, PepsiCo, Inc. Mr. Nowells role as former Treasurer of PepsiCo, Inc. (Pepsi) enables him to bring his strong financial expertise and extensive global perspective in risk management and strategic planning to our Board. Prior to his current role, Aditya led Marketing, Analytics, and Digital Banking and joined the company in 2004. Held various other roles in academia, including Professor of Management Practice at Harvard Business School. These materials are for informational purposes only. Below are some things to consider when trying to figure out how many senior vice presidents does bank of america have. Reveal email . 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. Why is everyone at a bank a vice president? Are Not FDIC Insured. That depends on each companys organizational structure. Average Bank of America Senior Vice President yearly pay in the United States is approximately $193,002, which is 10% above the national average. Because so many management employees eventually become vice presidents, there typically is a hierarchy within this broad category. Served as Senior Vice President at Avon Products, Inc. Lee McEntire, Bank of America 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 . The assistant vice president role in most organizations is a senior management position. 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. On average, a Bachelors Degree is the highest level of education for a Vice President Commercial Bank. 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. Until that time, I have asked him to become vice chair, providing his expert stewardship on key issues and priorities on our management team. How much does a Senior Vice President make at Bank of America in the United States? Certain statements contained in this news release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The life of an investment bank vice president centers on two responsibilities: completing pitch books and managing client relationships. How much does a Vice President at JP Morgan make? 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. Bush to the Presidents Export Council, which advised the President on export enhancement, Chairman of the Board, President and CEO of Baxter, a global medtech leader, effective January 1, 2016. Executive Vice President, Bank of America offers industry-leading support to approximately 3 million small business households through a suite of innovative, easy-to-use online products and services. When you visit these sites, you are agreeing to all of their terms of use, including their privacy and security policies. 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 . After decades of service in the private and public sectors, David is planning to retire in 2022. 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. Curtis C. Farmer. 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. Bank of America Announces Senior Leadership Changes. In business, the duties of vice presidents vary with the organization. Reveal contact info . Through his public company board service, he has experience in governance, financial reporting, accounting of large international and regulated businesses, and board leadership. Average JPMorgan Chase Vice President yearly pay in the United States is approximately $110,528, which is 24% below the national average. Chad Labenz Vice President, Wealth Management Advisor. Average JPMorgan Chase Vice President yearly pay in the United States is approximately $110,528, which is 24% below the national average. TD Bank Group. Alastair has most recently been president of Global Commercial Banking for nine years and previously was co-head of Global Capital Markets with responsibility for Equity Capital Markets, Investment Grade Debt Capital Markets, Leveraged Finance, and Global Origination for Rates & Currencies. 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