Would any of you share your hierachy of officer titles, if you have them? Right now the only officer titles we use are "officer" and "VP". We would like a more junior officer title for a potential new officer candidate.

Also, if anyone has a procedure they use to designate new officers, I would appreciate hearing about that too. Ours is just having a recommendation from a manager, but I would like to have something a bit more structured to determine this type of designation. (i.e., does an employee need to be employed a certain number of years before being considered for officer status, etc.) Thanks!

Some common designations are:

_______ Officer
Assistant (or 2nd) VP
VP
Senior VP
Executive VP
President

Chairman
CEO
President
CFO
SEVP
EVP
SVP
VP
VP of _______ (Compliance, Investments, Marketing)
AVP
AVP, _______ (Lending, Accounting, etc.)
_______ Officer

Some banks add a roman numeral on to titles like this:
Assistant VP I
Branch Manager II
Compliance Officer III
Bus Analyst IV

Ditto the above. The JOB designates whether it is an officer position, not the person. If they qualify for the job, they qualify for the officer title.

The titles in use at my bank are:

____ Officer
Assistant Vice President
Vice President
Senior Vice President
President

We are a one branch bank, so we don't need more subdivision than that. As far as process, the only thing I will add is that while senior management may recommend a person for an officer position, all officers are elected by our Board of Directors, so there is a "formal" election process. I don't know what that process specifically is, since I'm not invited to the Board meetings. But I do know that once per year, one of the monthly meetings includes "officer elections", which includes both the approval of existing officers, as well as any new officer elections, if applicable.

Ditto on the above but we also have Asst Cashier.

Ours are:

Banking officer
Assistant Vice President
Vice President (or senior officer)
Executive Vice Presdient
President

How about First Vice Predident?

And Patrice, my first title was pro-Assistant Cashier. I don't remember if the pro was provisional or what.

This thread also seems to confirm the phrase "Title in lieu of money."


Al

I've had friends tell me that when their bank was acquired, their severance package was based on their officer title. The higher level the officer title, the larger the severance package.

Bank Officer
Assistant Vice President
1st Vice President
Vice President
Senior Vice President
SVP and Area President (we are in 5 states with about 12 area presidents)
Executive Vice President
President
CEO
Chairman

Currently the Chairman/CEO is the same, but they could be different.

Yup, it's true on the severance packages. Sad that the value of the employee improves with termination!

We have a couple of additional designations:

Supervisors - working supervisors who are hourly
Managers - supervisors who are salaried and fall under FLSA exempt guidelines
Officer
AVP
VP
SVP
Executive VP
President/CEO

_____Officer
Assitant Vice President
Vice President
Senior Vice President
Executive Vice President
President
CEO

We have an additional titles to the ones already listed:
1st Sr. Vice President
Sr. Executive Vice President

Sometimes it feels like there are more VPs at the bank than there are tellers.

This is actually true at my bank. We only have one location - no branches. We have six tellers. We also have three Senior VPs, Four VPs and an Assistant VP.

It had to happen one day!

It has been told to us before that there was a regulatory requirement that stated Compliance Officers could not hold any type of VP title...have you guys ever heard this?

I think someone is pulling your leg. 8)

...that's what we thought as well...never heard this.

Also was told this...and this in fact may be true...but we were told that the Compliance/BSA Officer could not sit in on Sr. Management meetings any longer b/c it was a conflict of interest...

We use the following corporate titles:

President & CEO
Executive Vice President (EVP)
Senior Vice President (SVP)
First Vice President (FVP)
Vice President (VP)
Assistant Vice President (AVP)
_________ Officer (Bank Officer)
Clerk

I was a VP at my former employer.

Duchess...were you the Compliance Officer?

If so were you able to sit in on Sr Mgmt meetings

Yes - and no, I was not involved in Senior Management meetings.

I was SVP Chief Compliance Officer at my last bank. I was considered part of senior management, and attended any such meetings.

Since the Compliance Officer is not an auditor - I don't think you have independence issues as a member of management. You need to be able to perform your duties without undue influence, but that doesn't equate to not being a part of management, IMHO.