NORWICH — NBT Bancorp (NASDAQ: NBTB) announced that it has promoted James Terry to senior vice president and director of operational risk.
In this position, Terry oversees and manages the development of a companywide operational-risk program. He will continue to manage information security, cybercrime prevention, corporate safety, and security and compliance with regulations related to the federal Bank Secrecy Act, NBT said in a news release. Terry is based at the banking company’s headquarters in Norwich.
A resident of Norwich, Terry has 16 years of bank-security experience. Since joining NBT Bank in 2005, he has been instrumental in the development and presentation of a cyber-crime prevention seminar for employees and customers and the implementation of key systems to mitigate fraud losses, NBT said in the release.
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Before joining NBT Bank, Terry worked in the suspicious-activity review unit for the Bank of New York in Oriskany for five years. He served as manager of the unit as well as senior investigator and analyst. He earned the certified anti-money laundering specialist (CAMS) designation through the Association of Certified Anti-Money Laundering Specialists, NBT said.
“Jim has made significant contributions to the success of our company and our continued focus to prevent fraud and mitigate risk,” Joseph Stagliano, NBT Bancorp’s chief information officer, said in the news release. “In today’s financial services industry, operational risk is an area that requires special focus to ensure the bank has the people, processes and systems in place to support growth. I congratulate Jim on his promotion and wish him continued success in his new role.”
NBT Bancorp offers personal banking, asset management, and business services through a network of more than 155 banking locations in five states.
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