Tom Scrivener has been named chief operations executive. 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. President of Bowdoin College, 2015 to present. 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. Vice President, World Bank Group External and Corporate Relations. 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. Reveal email . Demonstrable ability and proven track record in strategy-building and implementation. What does a senior vice president do at a bank? You can read more about the team on Flagscape, including additional information about their experience in our company and industry, and will hear more information from leaders who are assuming new or expanded roles next week and in the days to follow. Bank of America is a great company for anyone that's a self-starter and puts emphasis on continuous growth. How much does a senior vice president at Merrill Lynch make? 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. Why is everyone at a bank a vice president? She most recently was co-head of Global Commercial Banking in the southeast and head of Wholesale Credit Strategy. We established the path forward for our company nearly 12 years ago as we emerged from the global financial crisis with our focus on Responsible Growth. Jennifer A. Piepszak, Co-CEO of Consumer & Community Banking. 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. As Chief Financial Officer at BANK OF AMERICA CORP, Paul M. Donofrio made $12,001,200 in total compensation. How much does a Senior Vice President make at Bank of America in the United States? 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? Mr. de Wecks service as Chief Credit Officer of UBS provides him with further credit risk management experience. 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. jerome.f.dubrowski@bofa.com. Vice Chair, Head of Enterprise Credit. What level is vice president in a bank? Alastair joined the company in 2005 as head of Global Investment Grade Debt Capital Markets and spent the prior 12 years at Goldman Sachs. These ads are based on your specific account relationships with us. Vice President salaries at Bank of America can range from 10,41,047 1,35,60,586 per year. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. Average JPMorgan Chase Managing Director yearly pay in the United States is approximately $375,735, which is 257% above the national average. 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.). 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. j*****@gmai***.com. Company goals are aspirational and not guarantees or promises that all goals will be met. Ann Shaler Senior Vice President. The highest paid Senior Vice Presidents work for D . 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.). 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. 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. Bruce Thompson continues as vice chair and head of Wholesale Credit, including Wholesale Credit Strategy which will move to his organization. Certain links may direct you away from Bank of America to an unaffiliated site. Senior Executive Vice President, Transformation, Enablement and Customer Experience. 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. The executive VP is usually the highest level, followed by senior vice president, vice president, assistant VP, and associate VP. Served as Senior Vice President at Avon Products, Inc. Sheri Bronstein continues as chief human resources officer and will assume additional responsibility for The Academy, Enterprise Services, and other related functions going forward. She is based at the Bank of America branch in West Hartford Center. Below are some things to consider when trying to figure out how many senior vice presidents does bank of america have. 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. He leads a nationwide team that serves mid-sized, U.S.-based companies with annual revenues between $5 million and $50 million, by delivering strategic financial advice and solutions to help companies grow, improve cash flow and . Currently chairs the Board of Trustees for the Howard Hughes Medical Institute and chaired its Audit and Compensation Committee. These materials are for informational purposes only. In addition, Mr. Yost has experience leading a large, complex business. As a former Chairman and Global Head of Private Management, and member of the Group Executive Committee of Deutsche Bank, Mr. de Weck has broad experience in risk management and strategic planning, and brings a valuable international perspective to our companys business activities, including through his service on the Board of Directors of MLI and BofA Securities Europe S.A. (BofASE), our French broker- dealer subsidiary. An average senior vice president-operations typically have a masters degree in management, finance, or other related fields. Holly ONeill has been appointed president of Retail Banking, reporting to Dean and joining our Management Team. 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. Tyler is based out of Denver Metropolitan Area and works in the Banking industry. Average Bank of America Senior Vice President yearly pay in the United States is approximately $193,002, which is 10% above the national average. An executive vice president is higher ranking than a senior VP, and generally has executive decision-making powers. Began serving as an executive officer of Baxter in October 2015, Served as Senior Advisor with The Carlyle Group, a multinational private equity, alternative asset management and financial services corporation, from May 2015 to October 2015, Served as the Chairman, President and Chief Executive Officer of Covidien, a global healthcare products company, from March 2012 through January 2015, prior to the acquisition of Covidien by Medtronic plc (Medtronic), and President and Chief Executive Officer of Covidien from July 2011 to March 2012, Prior to becoming Covidiens President and Chief Executive officer, served in several leadership roles at Covidien, including President of its Worldwide Medical Devices business; also served as President of International and Vice President of Global Manufacturing for Covidiens predecessor, Tyco Healthcare, Served on the boards of directors of: Walgreens Boots Alliance, Inc. from 2017 to 2022, including on its Compensation Committee; State Street Corporation from 2013 to 2015, including on its Executive Compensation Committee; Analog Devices, Inc. during 2015; and EMC Corporation from 2014 to 2015, Served on the board of trustees of Partners in Health from 2013 to 2021, Serves on the board of trustees of Northwestern University, Served as Chairman of the Board of Trustees from July 2014 to June 2016 and Interim President from July 2013 to June 2014 of Calvert Hall College High School in Baltimore, Maryland, Served as Executive Vice Chairman from July 2002 to April 2005 and Advisor to the Executive Committee from April 2005 to December 2005 of MBNA Corporation, a financial services company acquired by Bank of America in January 2006, Previously served as the Chairman, President, and Chief Executive Officer at Allfirst Financial, Inc., MNC Financial Inc., Maryland National Bank, American Security Bank, and Virginia Federal Savings Bank. In this situation, the SVP would be higher in the chain of command than the other vice president. Hierarchy. During her 12 years at Bank of America, Sanaz has successfully led the Global FICC Sales organization by building the franchise and developing key client relationships globally. Top 5 Highest Paying Banks For Vice Presidents: 1. These materials are for informational purposes only. Senior Vice President Location United States How much does a Senior Vice President make at Bank of America in the United States? 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. Typically, this role is second in command to the president of the company; and, other vice presidents may report to the executive vice president. Of this total $1,000,000 was received as a salary, $4,400,000 was received as a bonus, $0 was received in stock options, $6,559,458 was awarded as stock and $41,742 came from other types of compensation. Contact details. Executive Vice President and General Counsel. The estimated base pay is $174,875 per year. The company is adding five new members, including three women, to the senior management team, further strengthening diversity at the most senior levels of the company. Only in the 19th century, the bank office was a separate company and today it's one insignificant part of a huge corporation. lee.mcentire@bofa.com, Jessica Oppenheim, Bank of America Thank you for all you are doing to serve our clients and communities every day. Suzanne is Senior Vice President and Senior Trust Officer at Bank of America. Akihiko Nishio. Is SVP higher than VP? He has also taught and written extensively about financial services as a faculty member at the Harvard Business School. 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 . In addition, she was instrumental in the establishment of our new EU investment firm, BofASE, and the build-out of the firms new EU Sales and Trading hub in Paris to ensure we could effectively service our clients post-Brexit. The typical Bank of America Vice President salary is 47,77,088 per year. Job site Glassdoor shows the typical bank vice president or vice president investment banking salary to be close to $125,000 per year. In business, the duties of vice presidents vary with the organization. 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. Former Executive Vice Chairman, MBNA Corporation. 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. Valid. 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. Why is everyone at a bank a vice president? Relationship-based ads and online behavioral advertising help us do that. 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. The Investment Banking Career Path. Paul has been an outstanding chief financial officer and strategic advisor for me and our company. 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. Ms. Ramos public company board service provides her with experience in governance and sustainability, and insight into key issues facing complex, global businesses. Are Not a Condition to Any Banking Service or Activity. The average salary range for a Vice President Commercial Bank is between $107,953 and $191,865. Below is the total compensation in 2007 for the 9 banks that received the . These professionals may oversee several different areas, such as operations, marketing, human resources, or legal affairs. Brands, Ms. Ramos background provides her with financial expertise and extensive strategic planning experience. When autocomplete results are available use up and down arrows to review and enter to select. He has worked tirelessly in our company for 22 years and in our industry for more than 30 years. Andy Sieg, president of Merrill Lynch Wealth Management and Katy Knox, president of Bank of America Private Bank will continue in their current roles. Raul Anaya, president of Business Banking and Aron Levine, president of Preferred Banking continue in their current roles and will report to Dean Athanasia. HHMI has one of the largest philanthropic endowments, currently valued at approximately $27 billion. The life of an investment bank vice president centers on two responsibilities: completing pitch books and managing client relationships. TD Bank Group. How much does a Senior Vice President make at Bank of America in the United States? Contact details. Teammates can join me in congratulating and recognizing Andrea on Flagscape today. Typically, this role is second in command to the president of the company; and, other vice presidents may report to the executive vice president. 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. Hierarchy. 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. Former Chairman and Global Head of Private Wealth Management, Deutsche Bank AG. 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. 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. 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. 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