Faraz Iqbal
A Prudent Banking Professional
Muscat
Summary
Why Faraz Iqbal?
A Prudent Banking Professional having strong business acumen and a strategic thinker having a progressive experience of around 20 years in Retail and Branch Banking, Branch Operations, Islamic Finance and Trade Finance with uncanny ability to understand and interpolate business initiatives into sound processes and reporting instruments Skillful in providing strategic direction, market analysis and oversight to ensure the branch is maximizing retail production while maintaining efficient and accurate operations Lead operational planning to achieve business goals by fostering innovation, prioritizing operations initiatives and coordinating the evaluation, deployment and management of current and future resources across the organization Strong background of using core banking systems from an operational perspective
Overview
20
20
years of professional experience
7
7
years of post-secondary education
2
2
Languages
Work History
Manager IT & Operations
Sindh Bank Ltd
Karachi
06.2019 - Current
- Assist 14 branches and over 100 users in connecting to bank's core and ancillary systems and services
- System issues are identified and forwarded to bank's IT division
- Assist branches and branch staff in resolving various operational issues
- Create management reports from MIS data
- Branch visits are made to provide overview of operations
- Assist staff in understanding procedural enhancements and questions related to Manuals and Circulars
- Coordination between Operations Division and branches
- Coordinate with bank's human resources department on all personnel issues
- Assist in selection and interviewing of new candidates for Branches
- Examine branch expense with corresponding evidences and get them approved
- To communicate and coordinate with Internal and External Audit and Compliance Division
- Responsible for overall retail banking operation of branch including Internal Controls, Customer Services and Administrative Issues and Expense Control as per bank’s policy and central banks guidelines
- Future focus, foresee gaps, trends and influences direction with business partners
- Participate in reviews, recommendations and implementation of operations systems and processes
- Accountable for record management within operations including providing guidance and communication as needed
- Communicate regularly and effectively with multiple levels of leadership regarding member activity, engagement and risk management
- Maximize operational performance while meeting and exceeding project and customer expectations
Operations Manager
Sindh Bank Ltd
Karachi
11.2011 - 06.2019
- Responsible for overall retail banking operation of branch including Internal Controls, Customer Services and Administrative Issues and Expense Control as per bank’s policy and central banks guidelines
- Future focus, foresee gaps, trends and influences direction with business partners
- Participate in reviews, recommendations and implementation of operations systems and processes
- Accountable for record management within operations including providing guidance and communication as needed
- Communicate regularly and effectively with multiple levels of leadership regarding member activity, engagement and risk management
- Maximize operational performance while meeting and exceeding project and customer expectations
- Prepare and review risk profile of accounts on regular basis to check funds in line with profile of customers
- Proficient in developing and enhancing business and identifying business opportunities and potential clients in targeted segments for secure profitable business
- Build cohesive relationships across all business lines
- Assist in training and mentoring new hires and junior personnel on procedures to streamline repetitive work and improve productivity, efficiency and accuracy
Operations Manager
Soneri Bank Ltd
Karachi
10.2009 - 11.2011
- Implemented delivery of sales targets and motivated employees to meet and surpass targets
- Actively involved in managing all aspects of activities including strategic planning, resource management, budgeting and operational/administrative support
- Built effective relationships with new and existing customers and attended business meetings
- Monitored and implemented compliance with corporate and legal standards and procedures
- Processed data to produce accurate facts, figures and reports and monitored/controlled day to day affairs of branch operations
- Provided leadership for developing, implementing and maintaining efficient, compliant, customer centric bank operations processes in support of the overall business plans and strategic vision of the organization
- Delivered proactive identification and interpretation for operational risk issues, risk trends, control deficiencies and key developments (internal/external including emerging risks and issues)
- Planned accurately, scoped out length and difficulty of tasks and projects and set objectives and goals
Credit Officer
Soneri Bank Ltd
Karachi
02.2008 - 09.2009
- Evaluated new and renewal lending proposals and conducted analysis of financial statements, cash flows and pertinent information to determine creditworthiness of prospective customers and submitted proposals to the competent authority for approval
- Verified accounts and initiated action if they are overdrawn without arrangement or excessed of agreed arrangements, networking with appropriate professionals
- Maintained corporate credit policies and monitored periodic credit reviews
- Reviewed corporate borrowers in terms of credit need assessments, risk mitigates, problem recognition, remedial management etc
- To safe guard bank from potential risks involved with regards to complex dynamism of economy and industry outlook
- Assisted in preparation of semiannual financial plans and monthly income statements for the business unit
- Reviewed existing customer credit lines and modification of their credit lines/status as needed to facilitate good controls and minimized potential liabilities while promoting increased sales
- Directly responsible for supervising daily processing of remittances, correspondence, credit memos and subsequent follow-ups
Trade Officer
Soneri Bank Ltd
Karachi
03.2006 - 01.2008
- Handled and examined Documentary Collections, Foreign Currency transactions, opening of L/Cs, Retirements, Negotiation of Export Documents contracts within the approved credit limits and complied with ICC Uniform Customs and Practice for Documentary Credits and Local Foreign Exchange Regulations
- Ensured timely and precise reporting to SBP and Treasury
- Maintained and ensured record keeping requirements are met according to governmental regulations
- Liaised with other cross-functional areas in order to execute effective and relevant trade/compliance activities to support the organization’s sales, purchasing, materials management, production and overall operating functions
General Banking Officer
Soneri Bank Ltd
Karachi
07.2003 - 02.2006
- First-hand experience of accounts opening under SBP guidelines and KYC policy
- Handled inward/outward clearance and issuance of remittances including OBCs, Online Transactions & Transfers and Cash Management
- Ensured expense control and income generation of the respective branch
- Responsible for supervision, monthly provision/accrual balancing, running finance settlements, budgets and admin related issues resolution
- Ensured compliance all policies and regulations and address any business related issues
- Analyzed customer needs in order to cross-sell a wide variety of bank services and developed new business through referrals and existing clients
- Administered cross selling of bank products and services to customers
- Coordinated with branch managers and senior management and developed various strategies for business development
Education
MBA - Finance
08.2002 - 05.2007
Bachelor of Commerce - Commerce
01.2000 - 12.2001
Skills
Retail and Branch Banking
undefinedTimeline
Manager IT & Operations - Sindh Bank Ltd
06.2019 - Current
Operations Manager - Sindh Bank Ltd
11.2011 - 06.2019
Operations Manager - Soneri Bank Ltd
10.2009 - 11.2011
Credit Officer - Soneri Bank Ltd
02.2008 - 09.2009
Trade Officer - Soneri Bank Ltd
03.2006 - 01.2008
General Banking Officer - Soneri Bank Ltd
07.2003 - 02.2006
Institute of Business Administration - MBA, Finance
08.2002 - 05.2007
University of Karachi - Bachelor of Commerce, Commerce
01.2000 - 12.2001
Affiliations
Chartered Certified Banker, UK (registration under process)
JAIBP, Institute of Bankers Pakistan (IBP)
Sultan Qaboos University Hospital, Al-Khoudh, Muscat, Oman
Work Availability
monday
tuesday
wednesday
thursday
friday
saturday
sunday
morning
afternoon
evening
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