American Banker, Fortune and Working Mother magazines recognize Bank of America for investing in women

Each year, American Banker magazine recognizes the top individual female executives in the financial services industry who are driving their company’s performance through strategy and innovation, advancing the programs and resources available for their employees, and demonstrating leadership and involvement in their communities. And for more than 20 years, Fortune magazine has released a list that ranks the most influential and powerful women in business today. Additionally, Working Mother magazine releases an annual ranking of the top 100 cutting-edge companies that implement progressive policies that enable working moms to be the best parents and best employees they can be.

American Banker’s Most Powerful Women in Banking and Finance

This year, American Banker magazine ranked five Bank of America executives among the Most Powerful Women in Banking and Finance. For the second year in a row, Cathy Bessant, chief operations and technology officer, earned the top spot on the list, as the most powerful woman in banking. Anne Finucane, vice chairman, sits at No. 8; Andrea Smith, chief administrative officer, is No. 13; and Anne Clarke Wolff, head of Global Corporate Banking and Global Leasing, is No. 19 among the most powerful women in banking. Candace Browning, head of Global Research, earned the No. 7 spot among the most powerful women in finance.
   
The magazine also featured Anne Finucane and Anne Walker, CFO chief operating officer, on the cover of the magazine. All of the leaders were recognized for their leadership, the work they do to drive responsible growth and the contributions they make each day for the company’s clients and teammates.

Fortune’s Most Powerful Women in Business list

For the third year in a row, Anne Finucane was named to Fortune magazine’s Most Powerful Women in Business list. To formulate the list, Fortune editors consider the business’s size, performance and global impact, and the woman’s career arc and social and cultural influence. Find the full list of the Most Powerful Women in Business here.

2018 Working Mother 100 Best Companies

For the 30th consecutive year, Bank of America has earned a spot on the 2018 100 Best Companies list. The company is recognized for its many benefits, including paternity, maternity and adoption paid leaves, child care reimbursement and tuition reimbursement. As a part of this honor, Bank of America recognized Erin Elizabeth Roberts, senior business control specialist for Global Technology & Operations, as its Working Mother of the year. Erin was nominated for her strong commitment to her teammates and her family, and for her tireless efforts to drive equality and diversity in the workplace. Find a complete list of the 2018 Working Mother 100 Best Companies here.

Empowering women

These rankings are another example of the recognition the company receives for its strong female leaders and for the organization’s ongoing work to invest in women as they make meaningful contributions within the company and in the communities it serves. This recognition also honors the organization’s commitment to being a great place to work for female teammates, making the financial lives of its female clients and customers better and advancing the economic empowerment of women in communities around the world.

More than 50% of the organization’s global workforce is female, more than 40% of its managers and global management team is female, and more than 30% of its board of directors is female. The company’s industry-leading workplace policies include 16 weeks of paid maternity, paternity and adoption leave; financial support for adoption; backup child and adult care and adult care services; and, for eligible parents, reimbursement for certain child care expenses.

In addition, Bank of America’s U.S. Life Event Services (LES) team is dedicated to supporting employees who need help navigating significant life events, including leaves of absence, retirement or domestic violence support. Employees can access one-on-one support and get connected to relevant resources, including confidential counseling, legal services, and safety and security support.

The company has external programs and partnerships focused on women’s development, including the Global Ambassadors Program, a global program that brings together women leaders of small businesses and social enterprises for mentoring and workshops. The program is part of a broader effort to advance women’s empowerment and drive economic development. Through the Tory Burch Foundation Capital Program, powered by Bank of America, the organization has loaned more than $40 million to nearly 2,000 women business owners since its inception in 2014, increasing the number and size of businesses owned and led by women.

Learn more about how Bank of America is helping women succeed.

11/29/18


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