Strategic development:
Thinking big picture about op risk

In addition to supporting with the day-to-day management and measurement of operational and non-financial risk, we also support with op risk strategy development.

From exploring a new structure for operational risk, to looking at what trends are on the horizon, we encourage big picture thinking about the discipline.

Talk to us about operational risk strategic development

See how we develop operational risk strategy...

Research

Future of Op Risk: Right time, right place

Simon Wills

9 July 2021

Are you ready to manage risk in an increasingly digitalised world? Download the report, Right time, right place: drive for change in operational and non-financial risk, to find out.

Research

Operational Risk Horizon 2021

Melanie Lavallin

8 April 2021

Find out which emerging operational risks you need to be aware of in our annual Operational Risk Horizon report. Buy the report to help you identify, manage and report on emerging risks.

Research

ORX Cause & Impact Operational Risk Reference Taxonomy

Steve Bishop

24 November 2020

In response to feedback from operational risk teams, we are bringing forward the work we are going to progress this year to develop a Cause and Impact Reference Taxonomy building on the success of last year’s ORX Reference Taxonomy.

Research

ORX Event Type Operational Risk Reference Taxonomy

Steve Bishop

22 November 2019

Download the new ORX Event Type Reference Taxonomy for operational and non-financial risk (NFR). Working with Oliver Wyman, we've produced an updated level 1 and level 2 taxonomy.

Thought leadership

Risk-managing change

Simon Wills

26 June 2019

In collaboration with McKinsey & Company, we interviewed 16 Chief Risk Officers from leading financial organisations to see how they are managing change. Download the report and Checklist for Change to find out more.

Research

The Umbrella Function: Role & Scope of Op Risk

Sarah Reed

28 March 2019

This study builds on our 2018 work looking at the role op risk can play as an 'umbrella function'. By surveying a wide range of institutions, we looked at change on a broader scale and found that op risk management is indeed shifting at an industry level.

Research

Operational Risk: The Umbrella Function

Luke Carrivick

6 December 2018

At ORX we're exploring this concept of operational risk as an umbrella function with our membership. We interviewed and surveyed 13 institutions to discover the how the umbrella approach was being implemented, the benefits and the challenges.

Research

The future of operational risk

Simon Wills

9 November 2017

In 2016 we began a study with McKinsey. We aimed to identify the strategic challenges that financial firms must address if they are to manage operational risk more effectively. Find out the results.

Research

Future of loss information

Esther Britton

6 July 2017

Throughout 2017 we're running a project reviewing how loss information could evolve to meet the changing requirements of operational risk management.

Research

Understanding emerging risk

John Mears

28 October 2016

In 2016, we began work to enhance industry understanding of how emerging risks are defined, identified and assessed and the structures in place to support this activity.

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Op risk measurement and data

Op risk management

Material risks in focus

Strategic development: Thinking big picture about op risk

Talk to us about operational risk strategic development

See how we develop operational risk strategy...

Browse by other areas of operational risk...

Op risk strategic development

Strategic development:
Thinking big picture about op risk