Mr. Syed Faridul Islam has long 40 years of banking career both in foreign and local banks where last 16 years in Senior Management Position (SMT) which includes AMD & CRO and DMD & CRO in local reputed banks.
He has multiple skills and hands on experiences in Business, Risk Management, Operations, Credit Risk, Audit, Anti Money Laundering, Internal Control and compliance, IT integration and Information security of the bank. He played a key role in establishing SME business both in Foreign and local bank and centralization of RM based corporate business in the bank. He has specialty in business process re-engineering, policies, service quality framework, complaint management and establishing various control management of the bank. He directly managed credit risk for Corporate, SME and Retail portfolio and held credit approval authority of BDT 300m in Local Bank.
He joined United Commercial Bank Limited on 15th May, 2019 as the Additional Managing Director. Mr. Islam took over the Credit Risk Management, Credit Administration, Risk Management, Information Security, Call Centre, Service Quality and Complaint management of the entire bank as Chief Risk Officer (CRO). He also
looks after number of key projects like KYC, Centralization of Credit Administration, Control & risk management of Internet Banking and Document Management system (DMS). In addition, he is also the CAMLCO of the Bank.
Prior to joining UCB, he was the Deputy Managing Director & Chief Risk Officer of Prime Bank limited for 4 years. He played apivotal role in restructuring business model for both SME Banking, Consumer Banking, Branch network including Trade Services, Credit administration and Cash Management under Central Operations in Prime Bank limited. He also set up Prime Bank’s Retail and SME collection and Special Asset Management model.
He firmly contributed digitalization by implementing and upgrading of Core Banking system, Card Management system, Internet Banking and Tier 3 data Centre of the Bank.
He was also Head of SME Banking, BRAC Bank and reorganized small segment and centralized of Credit Risk Management. He was also Head of Risk Management of the Bank. He ran large SME business and led a large SME team of more than 2000 resources in the country.
He worked for Grindlays Bank, ANZ Bank and Standard Chartered Bank for 25 years, during his long tenure he worked in branch banking, product, MIS, CBS integration and successfully launched SME business products there. He was Head of Medium Business, Standard Chartered Bank, Bangladesh.
In his long career with foreign banks includes overseas working experiences as well. In his secondment with ANZ Bank, Melbourne, Australia, he played key role in product and parameter analysis. He was a member of core implementation team of system integration for ANZ Grindlays Bank, Bangladesh and India. He started his career at Grindlays Bank in 1984.
Mr. Islam has an MBA, major in Marketing and he is also certified ‘Credit Professional’ from OMEGA in the UK organized by Standard Chartered Group, London. He attended numerous training courses, seminars, workshops and conferences locally and overseas.
Currently, Mr. Syed Faridul Islam, Independent Director of The Premier Bank PLC, is the Chairman of the Executive Committee and Member of the Risk Management Committee, contributing to strong governance, risk resilience, innovation, and sustainable growth.