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Paper - September 2025

Risk assessment remains a core essential element of the risk management process and a key topic of interest for ORX members. This paper outlines typical risk assessment practices, as well as new and leading practices in how financial services firms consider the impact of risks and how they approach the aggregation of risk assessment outputs. 


ORX members can log in to read the findings in full and download the paper.

About the paper

The paper provides a comprehensive reflection on how risk assessment practices have evolved in response to the demands of digital business. Since our 2019 RCSA Practice Benchmark, firms have made significant strides in transforming risk assessments from static, periodic exercises into dynamic, real-time processes. This shift is driven by the need for timely and effective decision-making in increasingly complex and fast-paced environments.

Assessment Reversed Cyan

How to use this paper

  • Compare your firm’s risk assessment practices with typical industry practice
  • Ensure your organisation is considering a range of impacts
  • Gain insights into your peers’ new and developing risk assessment practices

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