Join our leading global risk management community
Become part of a network of over 140 financial firms worldwide advancing operational and non-financial risk (ONFR) management with ORX.
Through ORX, our community shares insights and data, and develops strategies to advance operational and non-financial risk management. You'll also get access to industry-leading risk management tools and resources, all designed specifically for financial services.
10000+
Op risk professionals
20+
Years of knowledge
140+
Financial firms
About ORX
ORX is the largest operational risk management association in the financial services sector.
Established in 2002 by financial firms looking to share loss data, ORX is 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.
Services to support
operational risk teams
ORX Membership
Join ORX Membership to benefit from industry-leading operational risk support and resources. Through ORX Membership, your firm can access operational risk loss data, join research and benchmarks, use our industry references, standards and libraries and become part of a global network of operational risk professionals.
ORX Lite
ORX Lite offers a streamlined way for banks, insurers, and asset management firms to access key operational risk resources without committing to full membership. With ORX Lite, you'll gain access to essential insights, selected resources and the opportunity to join one of the ORX events.
ORX News
ORX News is an industry-leading provider of publicly reported operational risk loss events from around the world. It is a single source for data and analysis, specifically covering the banking, insurance and asset management sectors.
ORX Scenarios
Join a global network of op risk scenario practitioners and get the tools, resources and knowledge needed for effective scenario identification, assessment, quantification and validation practices.
ORX Cyber
ORX Cyber was created specifically for cyber and information security risk professionals in the second line of defence. It combines cyber event data exchange with collaboration and research to provide the insights and information needed to effectively manage this key risk.
Loss data services
Through ORX Membership, you can access our Global Banking and Global Insurance operational risk loss data. The databases contain over €500bn worth of losses from the financial sector. We also provide regional loss data services which are available to members and non-members of ORX.
Reference libraries and taxonomies
Through ORX Select, you can purchase award-winning operational risk reference libraries and taxonomies to improve your practice and processes.
Standards, Taxonomies & Libraries:
ORX Reference Process and Service Library
The ORX Reference Process and Service Library is an essential reference guide to typical processes and services within financial organisations, covering both banks and insurers. Available to ORX members and to purchase.
Standards, Taxonomies & Libraries:
ORX Reference Risk Indicator Library
This comprehensive library of risk indicators is based on an extensive data set collected from more than 50 banking and insurance ORX members.. Available to ORX members and to purchase.
Standards, Taxonomies & Libraries:
ORX Reference Control Library
A first of its kind for banks and insurers, the ORX Reference Control Library helps you understand your controls and develop your own library. Available to ORX members and to purchase.
Standards, Taxonomies & Libraries:
ORX Reference Taxonomy
Discover our award-winning operational risk taxonomy for the current risk landscape. The ORX Reference Taxonomy is made up of the Event Type Taxonomy and the Cause and Impact Taxonomy. Available to ORX members, ORX Lite subscribers and to purchase.
