Material risks in focus

ORX runs research studies, working groups and larger programmes of work to support operational risks teams with the management of specific material risks, for example cyber, conduct and outsourcing. On this page, you can take a look at a selection of research and other content that we've published to help you better understand some of the most important material risks.

Focusing on cyber and information security risk management

As part of our material risks in focus work, we've been working on developing a programme which will support the management of cyber and information security risk. This is one of the most pressing and difficult risk types facing the financial services industry today. Our programme is helping institutions overcome the challenges of cyber risk.

See how we're supporting cyber and information security risk management

Material risks in focus

Research

Cyber risk management controls & indicators

Melanie Lavallin

28 February 2020

How is the industry implementing controls and indicators for cyber risk management? And what makes an effective indicator or control? Read the report from our study to find out.

Research

Roles and responsibilities in cyber and information security risk management

Melanie Lavallin

24 September 2019

We surveyed 25 financial institutions establish where cyber and information security risk management responsibilities sit across the three lines of defence, and to identify those areas where there is confusion. See what we found out.

Research

Cyber and information security risk definitions

Melanie Lavallin

4 July 2019

Working with participants of the ORX Cyber and information security risk (CISR) programme, we have created definitions for cyber and information security risk that we'll use throughout the project.

Research

Progress and challenges in model risk management

Annika Westphal

21 December 2018

Model risk is receiving increased attention from financial firms and regulators. Our report looks at model risk management practices and the progress that has been made since our 2016 study on this operational risk topic.

Research

Understanding Conduct Risk Practices

John Mears

25 June 2018

Although there is no common understanding of conduct risk, progress is being made our study on conduct risk showed. We explored its interaction with the operational risk management framework and the shared challenges faced by the industry.

Practice benchmark

Outsourcing risk practice benchmark

Sarah Reed

29 October 2018

What does outsourcing do to your operational risk profile? Part of practice benchmark programme, this study identified common and best practices in managing the risk of a firm's outsourced/third-party portfolio.

Research

How do banks manage model risk in 2016?

Paul Minter

28 October 2016

This Snap Survey report explores how banks define, manage and mitigate model risk.

Browse by other areas of operational risk...

Op risk measurement & data

Op risk management

Op risk strategic development