Yeah, I work at a bank. The VP track is often on an 'Officer of the Company' track (Officer, Associate VP, VP, Senior VP, etc). Then there's the 'Job Title' track (Manager, Senior Manager, Director, Senior Director, Executive Director, etc). Usually, you have to be a minimum job title for certain officer title, but less the other way. So you can have a Manager who is a VP and a Director that's a AVP, but not a Manager that's a Senior VP. In any case, the job title is what gives you rank, and officer title is honorary.

Other places do weirder things. I have a buddy at an insurance company who's a "Second VP" and is basically an "Assistant CIO". Never figured that out.