The largest operational risk management association in financial services
For over 20 years, 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.
Vision
A future where all financial firms proactively balance risk and reward to achieve their strategic goals and build resilience, contributing to stability in the wider economy.
Mission
To advance operational and non-financial risk management across the financial services ecosystem by connecting and harnessing a global risk community, promoting thought-leading ideas, curating best practice and delivering trusted, data-driven solutions.
Values
Impactful
We set high standards and understand our customer to deliver work that makes a meaningful and positive difference.
Committed
We are proactive and own our decisions and commitments, working collectively with integrity.
Curious
We explore new ideas, challenge assumptions and turn learning into action.
Empowering
We create a safe, respectful environment where everyone can thrive.
Community & collaboration
ORX is built on a platform of sharing and working together. Through ORX, our community shares insights, knowledge and data, developing best practice. The success of everything we do rests on this.
Data & standards
Consistent standards and good-quality data are the cornerstones of managing and measuring operational and non-financial risk. We develop foundational standards for the industry and provide our community with vital operational risk data.
Developing solutions
We want you to be ready to manage the risks in today’s fast-changing landscape. That’s why we’re now focusing on developing innovative tech solutions leveraging our data, standards and community.
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 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.
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.
Reference libraries and taxonomies
Through ORX Select, you can purchase award-winning operational risk reference libraries and taxonomies to improve your practice and processes.
