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Chief Administrative Officer
Financial mobility has all the time been deeply private for Andrea Smith, the daughter of a divorced working mom who went again to varsity whereas elevating three kids and whose $10,000-a-year beginning wage as a social employee was so low that the household of 4 certified for meals stamps.
So it’s becoming that discovering methods to assist others stand up out of poverty is certainly one of Smith’s priorities, each at Financial institution of America and within the communities the financial institution serves.
As co-chair of the Main on Alternative Council, a bunch convened by the Charlotte-Mecklenburg Alternative Process Power to review financial mobility challenges, Smith helped create a street map to deal with early childhood training, workforce improvement, inexpensive housing and household stability.
Final yr, she took that street map to BofA’s 91 market presidents in an effort to drive change in native communities throughout the USA.
“On this pandemic, it’s actually working,” Smith mentioned. “Many nonprofits are struggling to remain afloat, so one of many issues the crew is doing is taking a look at find out how to deliver them collectively … to get extra energy.”
Smith is now 5 years into her function as chief administrative officer at BofA. It’s a wide-ranging job: Together with being a member of the chief administration crew and adviser to Chief Government Brian Moynihan and the board of administrators, Smith has oversight of native markets, company actual property, model and popularity administration, advertising, disaster administration and enterprise continuity — which suggests she’s been one of many leaders accountable for the financial institution’s COVID-19 pandemic response plan.
“We’ve got achieved some superb issues that I’m undecided we thought we might do,” Smith mentioned.
For the primary time, American Banker’s Most Highly effective Girls in Banking celebration is open to the entire monetary neighborhood. Be a part of us just about October 6-Eight to listen to our 2020 honorees’ tales and experiences. Register right here.
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