The financial operational risk management association

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ORX Membership

Since 2002, we have been an ever-expanding global community, sharing knowledge, expertise and experience. Become an ORX member today for access to global loss data, high-quality research, events and much more...

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100% of our members surveyed said that ORX provides them with valuable research & insights, and 100% would recommend ORX to a non-member.

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ORX News

Get valuable insights from publicly-reported loss events at your fingertips. Used by over 65 international firms, we collate content on operational risk loss events from various media sources around the globe.

ORX Scenarios

Access an extensive scenario library, scenario practice benchmark studies, and a global scenario practitioner network. In addition, get free scenario development handbooks and a risk intelligence pack.

You don't need to be a member or subscriber to benefit

ORX Select

Many of our valuable research studies and services can be purchased individually without joining ORX Membership or subscribing to a service.

Free resources

From our reporting standards to our reference risk taxonomy, we have lots of free resources you can benefit from.

Featured

Operational Risk Horizon 2020

Download the ORX Operational Risk Horizon 2020 report to find out the top operational and non-financial risks for 2020 and beyond.

RCSA practice benchmark

Do you know the best practice for RCSAs? Find out how operational risk managers in the rest of the industry are doing RCSAs.

How we improve the operational risk discipline

Cyber risk

Since early 2019, we've been supporting firms with cyber and information security risk. This group has now finished work on definitions and roles and responsibilities.

ORX reference taxonomy

We've just published the new version of our award-winning reference taxonomy for operational and non-financial risk, which explores level 1 and 2 risks.

Operational risk reporting standards

Download our free, industry-recognised reporting standards to help you with operational risk event collection and to support your reporting practices.

Operational risk research

Our aim is to push understanding of operational risk practice, theory and strategy forward. To help us do this, we carry out research on the most important issues facing the industry today.

Browse our resources by area of operational risk

Op risk measurement & data

Day-to-day op risk management

Op risk strategic development

Material risks in focus, e.g. cyber

Latest news, blogs and articles

Standards

Capturing operational risk impacts of coronavirus

John Bosnell

8 April 2020

Read our initial thoughts on how to capture operational risk losses due to coronavirus from discussions with our member financial organisations, including which specific impacts to include and exclude and areas where we could make further refinements.

Industry news

Six top takeaways on creating pandemic scenarios

Giuseppe Aloi

7 April 2020

The ORX Scenarios team have been discussing best practice and guidance for creating pandemic scenarios with our network of practitioners. Read our key takeaways here, including ideas for creating a pandemic scenario storyline here.

Research

Operational resilience & coronavirus: A UK perspective

Simon Johnson

7 April 2020

Read the key discussion points from our discussions with ORX member organisations active in the UK on the impact of coronavirus on operational resilience in financial institutions.

Industry news

5 largest operational risk losses: March 2020

John Bosnell

7 April 2020

Discover the 5 largest operational risk loss events recorded by the ORX News team in March 2020. This month's top 5 includes a loan calculator error, contractual accounting failures and AML failures.

See all our news and blogs

Benefits of ORX Membership

Global loss data service

Join the only global service for banking and insurance firms that exchanges high-quality data relating to operational risk losses in a completely secure and anonymised way.

Pioneering research programme

We provide world-class research that supports effective op risk management and measurement within the financial services industry, as directed by our members.

High quality events

ORX events are free, invitation-only opportunities to share knowledge, experience and expertise with peers across a wide range of operational risk-related topics.

Benchmarking op risk practice

Understand practice in key areas of operational risk management, including a personalised benchmark report comparing your firm to your peers.

Operational risk working groups

Be part of an ORX working group that meets regularly with fellow risk professionals to discuss a specific operational/non-financial risk topic.

Cyber & security information risk programme

ORX is driving efforts to use our unique holistic view and expertise to enhance the active management of the most significant material risks, including cyber.

News, updates and resources to help op risk managers with coronavirus

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You don't need to be a member or subscriber to benefit

Featured

How we improve the operational risk discipline

Browse our resources by area of operational risk

Latest news, blogs and articles

Benefits of ORX Membership