ORX's strategic vision for operational and non-financial risk
Discover the pathway to success
The pathway for successful ONFR management
Our paper explores the steps risk leaders are taking making successful ONFR management a reality, and a common path forward is starting to emerge.
Laying foundations fit for the future
First, leaders are creating foundations that are fit for purpose, which are an essential precursor to digitalisation, namely:
- Governance
- Culture
- Skills
- Framework & tools
Digital core
Then they are building a new digital core for risk to match the digitalisation taking place in the business, embedding data-driven risk management of core business at speed and at scale:
- Data
- Technology
New capabilities and insights
And finally, they are creating new risk capabilities and new risk insights, including focusing on:
- 'Outside in' data
- Change
- Emerging risk
- Seeing the whole
- Connecting the dots
Fill in the form to download the complimentary white paper for the full pathway to success. The paper also examines what successful ONFR management looks like and how to create new risk capabilities.
The largest operational risk management association in financial services
For over two decades, ORX has supported financial institutions to improve the management and measurement of operational and non-financial risk.
We now work closely with over 200 firms globally to advance and champion the discipline. We establish strategic priorities, provide influential insights and develop standards, taxonomies and libraries to drive innovation.
We enable financial organisations to share operational risk loss data, to benchmark their against peers and provide opportunities for collaboration and networking.
