Charting the course

Mr Noel Gerald DCruz

Group Chief Risk Officer



Mr Noel Gerald DCruz was appointed Group Chief Risk Officer (GCRO) on 1 January 2023. As GCRO, he has overall responsibility for the management of financial and non-financial risks for OCBC. This covers risk types such as credit, market, liquidity, operational and information security risks, and their associated sub risk types. In addition, he is concurrently the Group Chief Information Security Officer, responsible for Cyber & Information Security. He reports jointly to both Group CEO and the Board Risk Committee of OCBC.

Mr DCruz joined the Bank in 1989 after a stint at the Monetary Authority of Singapore and rose through the ranks to head both the Group Risk Portfolio Management department as well as the Group Data Management Office. He has worked on various transformation projects and was closely involved in the reorganisation and reinforcement of the Bank’s credit risk management function with dedicated policy, underwriting, analytics and data, remediation units, and the establishment of the Credit Risk Management Committee.

Mr DCruz led the OCBC Group programmes to develop internal ratings-based approaches for credit management and capital adequacy assessments, and later, the modelling approaches for Expected Credit Loss portfolio allowances. In 2017, he formed the Group Data Management Office to drive the implementation of a Group-wide data governance and management framework. He also spearheaded the Bank’s use of risk appetite, stress testing and early warning frameworks to guide risk taking in the Bank.

Mr DCruz holds a degree in Economics from the London School of Economics and Political Science.