Since it is a high-ranking position, most companies require candidates to possess a minimum of ten years of related experience as well as previous success in high-level management. A large corporation typically has one or a few executives and can have several senior vice presidents. 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. Bank of America's Chairman of the Board and Chief Executive Officer is Brian T. Moynihan. How much do Bank Executive Vice Presidents make? Ms. Ramos public company board service provides her with experience in governance and sustainability, and insight into key issues facing complex, global businesses. The company serves clients through operations across the United States, its territories and approximately 35 countries. How much does a vice president of commercial banking make? 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. 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. How we help people, companies and institutions realize their financial goals, Chair and CEO, Bank of America Corporation. Latest update. 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.). Member FDIC.Equal Housing Lender Personal email. Big bank execs: What they take home When times were good, the top executives from the largest U.S. banks made a mint. 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). David has most recently served as head of Digital Banking. Typically, this role is second in command to the president of the company; and, other vice presidents may report to the executive vice president. Daniel Pinto, President and COO, JPMorgan Chase CEO, Corporate & Investment Bank, J.P. Morgan. Comerica Incorporated and Comerica Bank. Head of Global Research Candace Browning and the research organization will report to Paul. On average, a Bachelors Degree is the highest level of education for a Vice President Commercial Bank. Served as Vice Chairman, headed two lines of businessGlobal InvestmentBanking and Global Equitiesand was a member of JPMorgan Chases senior management team during his approximately twenty-year tenure at JPMorgan Chase. 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. 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. If you prefer that we not use this information, you can opt out of online behavioral advertising. Timothy Farrell is based out of New York, New York, United States and works at Bank Of America as Senior Vice President. Is SVP higher than VP? 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. Some companies also use the term B-level executive to describe mid-level managers. Tom Scrivener has been named chief operations executive. Currently chairs the Board of Trustees for the Howard Hughes Medical Institute and chaired its Audit and Compensation Committee. 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. A vice president is the most junior of the senior bankers and, as far as clients and higher-ups are concerned, carries the first legitimate title. His board service with public companies gives him experience with risk management, global operations, and regulated businesses. Sheila Redzepi. 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. Robert Cutshaw is based out of Bradenton, Florida, United States and works at Bank Of America as Senior Vice President. 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. Dr. Zubers role as Senior Research Scientist and experiences in leadership roles on nine space exploratory missions with the National Aeronautics and Space Administration (NASA) enable her to bring a breadth of risk management, geopolitical insights, and strategic planning expertise to our Board. She was also chief operating officer in our wealth management businesses and joined the bank in 1996. 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. 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). These professionals may oversee several different areas, such as operations, marketing, human resources, or legal affairs. How much does a Vice President at JP Morgan make? Great company to advance and grow. 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. Sharon Miller will continue to lead Small Business and take on additional responsibilities to include Specialty and Auto Lending. Latest update. 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 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. This role directly builds on Pauls deep experience, expertise and relationships and will help drive these critical efforts forward for all those we serve. Ms. Hudsons career in the defense and aerospace industry gives her knowledge of technology risks such as cybersecurity risk. Senior Executive Vice President, Transformation, Enablement and Customer Experience. 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. 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. 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. These forward-looking statements represent the current expectations, plans or forecasts of Bank of America based on available information. He will also continue to oversee our Paycheck Protection Program (PPP) Forgiveness effort. Updated February 4, 2023. 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. September 27, 2021 You are continuing to another website that Bank of America doesnt own or operate. How much does the CFO of Bank of America make? 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 average salary range for a Vice President Commercial Bank is between $107,953 and $191,865. When an organization has a CEO and president, the VP is usually third in command. Chad Labenz Vice President, Wealth Management Advisor. Former CEO, College Futures Foundation; Former Chairman, US Hispanic Media Inc; Lead Independent Director, Target Corporation. An average senior vice president-operations typically have a masters degree in management, finance, or other related fields. 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. Who is higher CEO or VP? Statistics and metrics included in our ESG documents are estimates and may be based on assumptions or developing standards. May Lose Value. Senior Vice President at Bank Of America. 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. Average salary $174,399 per year Average $174,399 Low $88,000 High $283,000 Senior Vice President salary in the United States at Bank of America Certain links may direct you away from Bank of America to an unaffiliated site. Christine Katziff continues as our chief audit executive overseeing Corporate Audit & Credit Review. The life of an investment bank vice president centers on two responsibilities: completing pitch books and managing client relationships. An investment bank vice president is treated as an individual with their own thoughts and opinions. Sheri Bronstein continues as chief human resources officer and will assume additional responsibility for The Academy, Enterprise Services, and other related functions going forward. He will also continue to serve on our Sustainable Markets Committee playing a critical, business leadership role in those efforts. He will also continue as a vice chair of our Global Diversity & Inclusion Council. 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. Paul Newman Senior Vice President Bank of America | LinkedIn. Senior Vice President, Centralized and On Line Sales Executive. jerome.f.dubrowski@bofa.com. 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. Centralized and on Line Sales Executive lead Independent Director, Target Corporation, can! 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