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Marcelo Cruz

Marcelo Cruz

Joined Stern 2007

Leonard N. Stern School of Business
Kaufman Management Center
44 West Fourth Street, 8-171
New York, NY 10012

E-mail mcruz@stern.nyu.edu


Marcelo Cruz joined the New York University Stern School of Business as an Adjunct Professor in Operations Management. He is a Senior Risk Management Consultant. Previously, he was the Chief Risk Officer of a major financial institution and Global Head of Operational Risk Analytics at Lehman Brothers. Also, he was the Managing Director and founder of RiskMaths a boutique consultancy focused on risk management and more specifically operational risk.

Professor Cruz worked on UBS AG, the Swiss bank, for three years as Head of Operational Risk, having worked in London and New York. At UBS he implemented the global operational risk framework as well as oversaw the risk control department. Prior to UBS he worked as a Chief Economist/Strategist for an investment bank and as a Derivatives Trader (fixed income) for J.P.Morgan where he was involved in structuring, managing and trading IR swaps and other OTC products.

Professor Cruz is recognized worldwide in the financial industry as a leader in operational risk and one of the top names in risk management. He is the Editor-in-Chief of the Journal of Operational Risk. He also participates in the board of other publications. He is a sought after speaker in many seminars and conferences in several countries. He wrote the first academic article on operational risk in 1998 and has published many articles on the subject since then. He wrote the best seller book on operational risk, Modeling, Measuring and Hedging Operational Risk, Wiley 2002. He has written and edited other books in risk management. He was a member of the Industry Technical Working Group that helped to develop the new Basel Accord.

Professor Cruz earned his B.Sc. in Economics, his M.B.A., an M.Sc. in Financial Mathematics and a Ph.D. in Mathematics from the Imperial College in London.

Academic Background

B.Sc., Economics
Imperial College

Imperial College

M.Sc., Financial Mathematics
Imperial College

Ph.D., Mathematics
Imperial College

Areas of Expertise

Information, Operations & Management Sciences

  • Operations Management