The strategic management of operational and non-financial risk (ONFR) has been chosen by the ORX LeadersConnect community as a core theme for 2026. But for many firms, the challenge is no longer defining strategy – it is executing it at pace.
In a recent LeadersConnect discussion, risk leaders focused on strategy implementation, where the speed and scale of change are placing new demands on risk frameworks, processes and capabilities.
This builds on our strategic vision for operational and non-financial risk report and the subsequent article, Strategy and operational risk management: Turning vision into action, and highlights how firms are adapting in practice.
Speed is the core focus. Strategic change has accelerated dramatically and operational and non-financial risk is evolving towards an approach that enables speed rather than constraints. Our LeadersConnect discussions highlight six key themes shaping how firms are responding:
- Simplification and standardisation as a pre-condition for speed
- Risk-based prioritisation anchored in customer impact
- Embedding ONFR in information flows and operating models
- Evolving risk appetite into strategic guardrails
- Skills, culture and 1LOD ownership
- Digital, data and AI as both subject and enabler
Together, these themes show how risk leaders are reshaping ONFR to operate at the speed of strategy.
Through ORX Membership, you can explore these topics in more depth with peers – sharing practical approaches, benchmarking your thinking and discussing how other firms are responding in real time.
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