He will also continue as a vice chair of our Global Diversity & Inclusion Council. Matthew Koder, president of Global Corporate & Investment Banking (GCIB) will continue to lead this business, inclusive of Global Transaction Services. Opinions or ideas expressed are not necessarily those of Bank of America nor do they reflect their views or endorsement. Bank of America's key executives include Brian T. Moynihan and 39 others. t*****@gmai***.com. Top 5 Highest Paying Banks For Vice Presidents: 1. 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. As I shared with our Board of Directors, it will continue to be my privilege to serve as CEO with them and with you. The average salary range for a Vice President Commercial Bank is between $107,953 and $191,865. 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. Certain links may direct you away from Bank of America to an unaffiliated site. 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.). Wendy W. Bridges. 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. Big bank vice presidents in Charlotte tend to earn about $110,000, according to data submitted to the career site Glassdoor. Served as a member of the Board of Directors, from April 1994 to May 2002, and Chairman, from December 1999 to May 2002, of Allfirst Financial, Inc. and Allfirst Bank, U.S. subsidiaries of Allied Irish Banks, p.l.c. Daniel Pinto, President and COO, JPMorgan Chase CEO, Corporate & Investment Bank, J.P. Morgan. Are Not Insured by Any Governmental Agency. Reveal email . These professionals may oversee several different areas, such as operations, marketing, human resources, or legal affairs. Hierarchy. 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 today announced senior leadership changes to position the company for long-term success, while continuing to deliver for clients, communities and shareholders. 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? The middle 67% of Senior Vice President, Senior Banker, Private Banks makes $210,000, with the top 67% making $252,000. 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. 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. Today, we are announcing important steps forward in our management team for the company. Bank of America is one of the worlds leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. Here's how it works: We gather information about your online activities, such as the searches you conduct on our Sites and the pages you visit. Citi progression is: AVP -> VP -> SVP -> Director -> MD. Latest update. In business, the duties of vice presidents vary with the organization. Requirements. She is based at the Bank of America branch in West Hartford Center. 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. Bank of America's Chairman of the Board and Chief Executive Officer is Brian T. Moynihan. Comerica Incorporated's Senior Leadership Team members appear below. Salary Details for a Senior Vice President at Bank of America Updated Feb 22, 2023 United States Hong Kong Singapore United Kingdom United States Any Experience Any Experience 0-1 Years 1-3 Years 4-6 Years 7-9 Years 10-14 Years 15+ Years Total Pay Estimate & Range Confident $366,941 / yr Total Pay $191,503 / yr Base Pay Brands, Ms. Ramos background provides her with financial expertise and extensive strategic planning experience. Big bank execs: What they take home When times were good, the top executives from the largest U.S. banks made a mint. How do you become a senior vice president of a bank? Below is the letter that Moynihan shared with the companys teammates today. Risk Factors of Bank of Americas Annual Report on Form 10-K for the year ended December 31, 2020, and in any of Bank of Americas other subsequent Securities and Exchange Commission filings. Paul Newman Senior Vice President Bank of America | LinkedIn. A senior vice president is a title which is earned through seniority. You should not place undue reliance on any forward-looking statement and should consider all of the precautionary statements, uncertainties and risks discussed in Bank of Americas filings with the Securities and Exchange Commission, including under Item 1A. Vice President salaries at Bank of America can range from 10,41,047 1,35,60,586 per year. 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. Company goals are aspirational and not guarantees or promises that all goals will be met. 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. The estimated total pay for a Vice President at Bank of America Merrill Lynch is $362,135 per year. Akihiko Nishio. How much does a VP at Capital One make? Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange. Bank of America. He has worked tirelessly in our company for 22 years and in our industry for more than 30 years. Isaac Applbaum | Co-Founder of MizMaa Ventures & Prev. 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. 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. Senior Vice President, Centralized and On Line Sales Executive. The Investment Banking Career Path. Cathy Brown-Butler Senior VP, National Market Support Executive. Bank of America Announces Senior Leadership Changes. 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. 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. 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. you can opt out of online behavioral advertising, Appointed Chair of the Board of Directors of Bank of America Corporation in October 2014 and President and Chief Executive Officer in January 2010. r*****@netsca***.net. A large corporation typically has one or a few executives and can have several senior vice presidents. Hierarchy. If you prefer that we not use this information, you can opt out of online behavioral advertising. Forward-looking statements represent Bank of Americas current expectations, plans or forecasts of its future results, revenues, expenses, efficiency ratio, capital measures, and future business and economic conditions more generally, and other future matters. How much does a vice president if a bank make? Former President and CEO, Carnival Corporation and Carnival plc. Valid. 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. BAML progression is: Analyst -> Associate -> Vice President -> Director -> Managing Director. Former CEO, AmerisourceBergen Corporation. 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. 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. President of Bowdoin College, 2015 to present. Former Chairman and Global Head of Private Wealth Management, Deutsche Bank AG. Actual outcomes and results may differ materially from those expressed in, or implied by, any forward-looking statements due to a variety of factors. You are continuing to another website that Bank of America doesnt own or operate. Mr. Almeidas business background also includes significant international experience, and as a native of Brazil, he brings a diverse perspective to our Board. As I shared with our Board of Directors, it will continue to be my privilege to serve with them as CEO as we drive Responsible Growth through its second decade.. How much does a VP at Merrill Lynch make? 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! Held various other roles in academia, including Professor of Management Practice at Harvard Business School. The middle 67% of Senior Vice President, Senior Banker, Private Banks makes $210,000, with the top 67% making $252,000. These professionals may oversee several different areas, such as operations, marketing, human resources, or legal affairs. 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. jessica.oppenheim@bofa.com, Jerry Dubrowski, Bank of America How we help people, companies and institutions realize their financial goals, Chair and CEO, Bank of America Corporation. Vice president. Average Bank of America Senior Vice President yearly pay in the United States is approximately $193,002, which is 10% above the national average. 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