Who we are

ORX is the largest operational risk association in the financial services sector. Since 2002, we’ve been developing a global community of financial institutions committed to improving the management and measurement of operational risk.

Owned and driven by our member institutions, we bring together hundreds of operational risk professionals to share their knowledge, expertise and experience of the financial services industry.

Our vision

Our vision is a future where financial institutions are prepared and resilient, protecting the global economy and all of us from inevitable risks in our constantly evolving world. Everything we do, from our research to our loss data helps us achieve this goal.

What we do

When ORX was set up our aim was simply to 'provide a platform for the secure and anonymised exchange of high-quality operational risk loss data from around the world'. These days we’re about much more than that.

We now help our members, financial institutions and the whole operational risk industry better manage, measure and understand operational risk. We do this through research, data, and the sharing of ideas, information and experience.

Our services include a range of solutions focused on effective management and measurement of operational and non-financial risk, including an extensive research programme and events held around the world.

How we're governed

ORX is a not-for-profit industry association in the financial services sector, incorporated in Geneva, Switzerland. The association is owned and run by its members and our Articles of Association are central to the commitments made and expected of every member.

We have a Board of Directors who are the principal decision-making body of ORX. The board is made up of 11 directors who are appointed for a two-year term. Nine of the directors come from our member firms, while the remaining two are independent External Directors. ​The Board is supported by a Managing Board and the ORX staff - also known as the ORX Secretariat.