ORX is the largest operational risk management 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 in the financial services industry. We are a not-for-profit industry association incorporated in Geneva, Switzerland.
Helping financial organisations manage operational risk
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.
How we achieve our vision
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.
Through ORX Membership, we help financial institutions better manage, measure and understand operational risk. We do this by enabling our member firms to share and access operational risk loss data, giving them the chance to take part in studies and benchmarks and providing opportunities for them to network and collaborate with each other.
“Going beyond pure data exchange is highly valuable for us, as research, benchmarking and active exchange among members supports us in keeping on track in the operational risk environment.”
ORX member firm