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. 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. Ms. Ramoss role as former Chief Executive Officer of ITT Inc. (ITT) enables her to bring senior executive leadership experience to our Board. Member and Chairman of the Supervisory Board of The Clearing House Association L.L.C. Vice President salaries at Bank of America can range from 10,41,047 1,35,60,586 per year. Phone: 1.646.855.1600 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. RT=Real-Time, EOD=End of Day, PD=Previous Day. Alastair Borthwick has been named chief financial officer, effective in the fourth quarter. 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. Neither of these is an easy transition, especially for. The average salary range for a Vice President Commercial Bank is between $107,953 and $191,865. Sheri Bronstein continues as chief human resources officer and will assume additional responsibility for The Academy, Enterprise Services, and other related functions going forward. Further, with her service as Chief Financial Officer at ITT, Furniture Brands International, and the U.S. KFC division of Yum! 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. Matthew Koder, president of Global Corporate & Investment Banking (GCIB) will continue to lead this business, inclusive of Global Transaction Services. 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. 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. Dean joined our company in 1996, and since that time has held senior, increasing leadership roles across consumer, preferred, small business, corporate lending, corporate strategy, and technology. Gail Caldwell Accountant at Nationwide Building Society Swindon . 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. Wendy W. Bridges. When an organization has a CEO and president, the VP is usually third in command. TD Bank Group. Reveal contact info . Senior Vice President at 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 . 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. What is the average salary of Bank of America Senior Vice President? Typically, this role is second in command to the president of the company; and, other vice presidents may report to the executive vice president. How long does it take to be a VP at a bank? Great company to advance and grow. 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 of SIPC, and, in other jurisdictions, by locally registered entities. 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. Senior Vice President at Bank of America Hyderabad, Telangana, India 500+ connections. Marianne Lake, Co-CEO of Consumer & Community Banking. 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? An investment bank vice president is treated as an individual with their own thoughts and opinions. Ms. Lozano has a deep understanding of issues that are important to the Hispanic community, a growing U.S. demographic. 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. Tom will be responsible for delivering integrated operations solutions for all lines of business, staff support areas, and the broader enterprise including operations teams in our global regions. Vice President, World Bank Group External and Corporate Relations. Mr. Yosts roles as the former Chief Executive Officer of AmerisourceBergen Corporation (AmerisourceBergen) and its predecessor company enable him to bring his broad experience in strategic planning, regulated industries, risk management, and operational risk to our Board. Robin Leopold, Head of Human Resources. If you prefer that we not use this information, you can opt out of online behavioral advertising. Held various other roles in academia, including Professor of Management Practice at Harvard Business School. He will also continue to oversee our Paycheck Protection Program (PPP) Forgiveness effort. Contact details. (813) 225-8671. 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. 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 . Christine Morris. 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. 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. Vice Chair, Head of Enterprise Credit. Raphael W. Bostic (Off-site) took office as the president of the Federal Reserve Bank of Atlanta on June 5, 2017. 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 . Are Not a Condition to Any Banking Service or Activity. Reveal email . Salary information comes from 3 data points collected directly from employees, users, and past and present job advertisements on Indeed in the past 36 months. 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. Average Bank of America Senior Vice President yearly pay in the United States is approximately $193,002, which is 10% above the national average. Opinions or ideas expressed are not necessarily those of Bank of America nor do they reflect their views or endorsement. The company serves clients through operations across the United States, its territories and approximately 35 countries. When all of the changes are complete, Bank of Americas senior management team will include individuals with an average of 21 years of service in the company and 31 years in the financial services industry, with increased global and international expertise; and more diversity of gender and race than ever before in the companys history. Updated February 4, 2023. 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. 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. 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Average salaries for Bank of America Senior Vice President: $191,087. A large corporation typically has one or a few executives and can have several senior vice presidents. This website uses cookies to ensure you get the best experience on our website.View our privacy policy. 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. President of Bowdoin College, 2015 to present. The top 10 percent makes over $302,000 per year, while the bottom 10 percent under $125,000 per year. Sheila Redzepi. Jun 2014 - Present8 years 10 months. Geoff Greener continues as chief risk officer and has announced Amy Littman will become head of Global Compliance & Operational Risk, reporting to him. Mr. White has experience leading a large and highly regulated business. 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. Relationship-based ads and online behavioral advertising help us do that. Hierarchy. Senior Vice Presidents in America make an average salary of $194,770 per year or $94 per hour. j*****@gmai***.com. Likewise,how much does a senior vice president of bank of america make? Daniel Pinto, President and COO, JPMorgan Chase CEO, Corporate & Investment Bank, J.P. Morgan. t*****@gmai***.com. Until that time, I have asked him to become vice chair, providing his expert stewardship on key issues and priorities on our management team. The diversity of roles across this expansive company provides a solid career foundation. Bank of America's key executives include Brian T. Moynihan and 39 others. The highest paid Senior Vice Presidents work for D . Senior Vice President, Centralized and On Line Sales Executive. 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.). Certain links may direct you away from Bank of America to an unaffiliated site. Is VP higher than coo? Holly ONeill has been appointed president of Retail Banking, reporting to Dean and joining our Management Team. 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. Jim DeMare, president of Global Markets will continue to lead this business, inclusive of equity and fixed income sales and trading and client coverage on a global basis, as well as Global Commercial Real Estate. Only in the 19th century, the bank office was a separate company and today it's one insignificant part of a huge corporation. He will also have responsibility for the investment function for the companys pension investments, which total over $22 billion. Ms. . Paul has been an outstanding chief financial officer and strategic advisor for me and our company. Reimagine Your Business Journey to Embrace Bold New Ideas. Is SVP higher than VP? Vice president. 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. 14 Richard Blaine Studied at Texas Christian University Author has 2.1K answers and 2.9M answer views 2 y The typical Bank of America Vice President salary is 47,77,088 per year. Holly has most recently been chief client care executive & head of Consumer Client Services, including oversight of all client contact centers in the company. Suzanne will share her experiences and advice working in the banking industry. 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. Former CEO, AmerisourceBergen Corporation. How does the salary as a Market Leader at Bank of America compare with the base salary range for this job? The average pay for a Vice President Commercial Bank is $154,462 a year and $74 an hour in the United States. Market Data powered by QuoteMedia. Depending on the bank's location, the work involved,. 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 . How Many Senior Vice Presidents Does Bank Of America Have. 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. Bernard Hampton Managing Director, Preferred Banking Executive. How much does the CFO of Bank of America make? Suzanne is Senior Vice President and Senior Trust Officer at Bank of America. 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. Lauren Mogensen will become global general counsel for the company, succeeding David at the end of this year. Tyler is based out of Denver Metropolitan Area and works in the Banking industry. Why is everyone at a bank a vice president? How much does a Vice President make at JPMorgan Chase in the United States? Top 5 Highest Paying Banks For Vice Presidents: 1. Through his service on public company boards, he has board-level experience overseeing large, complex public companies in various industries, which provides him with valuable insights on corporate governance, human capital management, and risk management. As a Senior Vice President (SVP) of commercial lending, you oversee the handling of commercial loans. Paul Newman Senior Vice President Bank of America | LinkedIn. May Lose Value. Are Not Bank Guaranteed. An assistant vice president may serve as a team leader in project management or work directly with clients. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges). As Senior Executive Vice President and Chief Risk Officer of CIBC during the financial crisis, Mr. Woods focused on risk management and CIBCs risk culture. 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. How much do senior vice presidents of banks make? Some companies also use the term B-level executive to describe mid-level managers. Bank of America Senior Vice Presidents earn $153,000 annually, or $74 per hour, which is 1% lower than the national average for all Senior Vice Presidents at $155,000 annually and 79% higher than the national salary average for all working Americans. 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. Served as a member of the Boards of Directors of XL Group, plc, Federal Home Loan Mortgage Corporation (Freddie Mac), and Mercantile Bankshares Corp. 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. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange. Are Not FDIC Insured. In these cases, since the VP of operations manages the long-term operational strategizing, and the COO oversees the day-to-day company operations, the company might consider the COO lower ranking than the VP. There is some variation depending on division, though. Mr. Almeidas business background also includes significant international experience, and as a native of Brazil, he brings a diverse perspective to our Board. 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