The ORX Operational Risk Podcast

ORX News Top 5 losses of August 2022 and the final part of the data management series.

In this shorter episode of the ORX Operational Risk Podcast, the ORX News team take a look at the five largest operational risk losses of August 2022 and finish their data management series.

Episode resources and links

You can find the top 5 operational risk losses discussed in this episode, along with all previous top 5s, on our website at: https://managingrisktogether.orx.org/orx-news/top-5-orx-news-losses-q3-2022

To find out more about ORX News, ORX Membership and access other operational risk resources just search ‘ORX’ or visit: https://managingrisktogether.orx.org/

Top Risk Review, ORX News top 5 operational risk losses and focus on data management

In the first half of this episode, Steve Bishop and Emilie Odin talk through the recent ORX Top Risk Review. They explore the key themes and top risks identified in the study, including information security and cyber, third part and data management.

Fern Ashcroft and Stanca Oproiu take a look at the five largest operational risk losses reported by the ORX News team in June 2022 and continue their series on data management.

You can find the top 5 operational risk losses discussed in this episode on the ORX website at: https://managingrisktogether.orx.org/orx-news/top-5-orx-news-losses-q2-2022. ORX News subscribers can also access Deep Dives for more information at https://news.orx.org/node/10936 and https://news.orx.org/node/7201.

ORX members can download the latest Top Risk Review report for free on our website and non-members can purchase it at https://engage.orx.org/buy/monitoring-the-risk-landscape-2022.

To find out more about ORX News, ORX Membership and access other operational risk resources just search ‘ORX’ or visit: https://managingrisktogether.orx.org/

 

Climate and operational risk, ORX News top 5 operational risk losses and focus on data management

In the first section of this episode, Steve Bishop, Esther Renfrew, John Bosnell and Natasha Craig discuss climate and operational risk. They look at how financial institutions are approaching climate-related risks and what ORX is doing to support our membership with this challenge. They also explore the impact of climate on operational risk using some real-life examples reported by ORX News.

Fern Ashcroft then joins Natasha Craig for the regular section from ORX News, The team take a look at the five largest operational risk losses of May 2022 and begin a short series focusing on data management.

You can find the top 5 operational risk losses discussed in this episode on the ORX website at: https://managingrisktogether.orx.org/orx-news/top-5-orx-news-losses-q2-2022.

ORX members can access all our available climate resources on the members-only website: https://members.orx.org/climate-risk-resources

To find out more about ORX News, ORX Membership and access other operational risk resources just search ‘ORX’ or visit: https://managingrisktogether.orx.org/

Innovating risk management, ORX News top 5 operational risk losses and focus on ESG

Join Simon Wills, ORX Executive Director, and Mark Cooke as they explore how risk can innovate. They also introduce a new initiative – iDP (innovation data platform) – which can help risk managers overcome the barriers to innovation.

The ORX News team then take a look at the five largest operational risk losses of April 2022 and do a short focus section on ESG.

This episode features Simon Wills, Mark Cooke, Fern Ashcroft and Stanca Oproiu. 

You can find the top 5 operational risk losses discussed in this episode on the ORX website at: https://managingrisktogether.orx.org/orx-news/top-5-orx-news-losses-q2-2022.

You can find out more iDP here: https://idp.orx.org/.

To find out more about ORX News, ORX Membership and access other operational risk resources just search ‘ORX’ or visit: https://managingrisktogether.orx.org/

 

The operational risk horizon, ORX News top 5 operational risk losses and focus on cyber warfare

Join the ORX research team as they look at the findings from the latest ORX Operational Risk Horizon Study, which explores emerging risks.

The ORX News team then take a look at the five largest operational risk losses of March 2022 and do a short focus section on cyber warfare.

This episode features Esther Renfrew, Simon Johnson, Emilie Odin, Lily Richardson, Fern Ashcroft and Natasha Craig. 

You can find the top 5 operational risk losses discussed in this episode on the ORX website at: https://managingrisktogether.orx.org/orx-news/top-5-orx-news-losses-q1-2022.

The Operational Risk Horizon 2022 report is available to all ORX members here: https://members.orx.org/orx-publications/operational-risk-horizon-2022.

To find out more about ORX News, ORX Membership and access other operational risk resources just search ‘ORX’ or visit: https://managingrisktogether.orx.org/

Operational resilience, ORX News top 5 operational risk losses and focus on sanctions

Join the ORX research team as they look at how financial organisations are overcoming some of the practical hurdles associated with developing and implementing operational resilience frameworks. The discussion is based on a recent report which was produced in collaboration with our Operational Resilience Working Group.

The ORX News team then take a look at the five largest operational risk losses of February 2022 and, in light of the conflict in Ukraine, do a short focus section on sanctions.

This episode features Steve Bishop, Melanie Lavallin, Emilie Odin, Lily Richardson, Fern Ashcroft and Thomas Neale. 

 

You can find the top 5 operational risk losses discussed in this episode on the ORX website at: https://managingrisktogether.orx.org/orx-news/top-5-orx-news-losses-q1-2022.

 

The operational resilience report is available to all ORX members here: https://members.orx.org/operational-resilience-working-group/operational-resilience-practical-development-implementation.

 

To find out more about ORX News, ORX Membership and access other operational risk resources just search ‘ORX’ or visit: https://managingrisktogether.orx.org/

 

Cyber risk quantification, ORX News top 5 operational risk losses and deep dive into deepfakes

Join the team from ORX Cyber as they explore cyber risk quantification in financial services, following the publication of a recent report on this topic. The ORX News team then take a look at the five largest operational risk losses of January 2022 and do a deep dive into deepfake voice cloning.

This episode features Steve Bishop, Melanie Lavallin, Katherine Charalambous, Lily Richardson, Fern Ashcroft and Natasha Craig. 

You can find the top 5 operational risk losses discussed in this episode on the ORX website at: https://managingrisktogether.orx.org/orx-news/top-5-orx-news-losses-q1-2022.

The Deep Dive mentioned is available to download for free here:

https://managingrisktogether.orx.org/orx-news/orx-news-deep-dive-colpipe-pay-44m-ransom

 

To find out more about ORX News, ORX Cyber and access other operational risk resources just search ‘ORX’ or visit: https://managingrisktogether.orx.org/

Five biggest operational risk losses of 2021 with ORX News

Do you know which operational risk loss events cost the most in 2021? Join Tom, Fern and Lily from the ORX News team for this special end-of-year episode as they countdown the five biggest operational risk losses of the year as reported by the ORX News service. You can find all the top 5s of 2021 (and previous years) on our website, where you can also find out more about ORX News.

And, keep an ear out for more from ORX News as part of the main ORX podcast next year!

Insights into material risks in 2021 from ORX Scenarios

Join the team from ORX Scenarios as they discuss this year’s Insights into Material Risks report. The team look at the trends and themes they’ve spotted in the annual upload and explore what factors are driving the top risks. Themes include conduct, digitilisation and resilience.

 

About the ORX Scenarios: Insights into Material Risks 2021 report

Find out which operational risks financial firms most commonly created operational risk scenarios for in 2021 in this free report from ORX Scenarios. Created using information shared by over 50 financial organisations, the ORX Scenarios: Insights into Material Risks 2021 report gives you a global picture of scenario practice in 2021.

 

Download the free report

Right Time, Right place: The drive for change in operational risk (part 2)

Operational and non-financial risk (ONFR) management has an opportunity to step up like never before and support financial organisations as they go through a period of rapid transformation.

To do so will mean making operational and non-financial risk resilient by using innovative technologies, which then enable risk leaders to innovate how they serve the business and actively add value. In this episode of the ORX Operational Risk Podcast, Simon Wills, Luke Carrivick and Mark Cooke explore how operational risk can do this in detail.

This second part of the discussion follows the publication of a recent report that explores the future of operational risk in light of rapid digitalisation and other changes in the financial services industry. This report sets out two elements of operational and non-financial risk management – “Optimise” and “Active” – explaining how optimisation will only go so far in terms of keeping pace with the rapidly changing risk profile.

 

Download the report for free: https://managingrisktogether.orx.org/operational-risk-studies/future-op-risk-right-time-right-place