The ORX Operational Risk Podcast

Nov 06 2024 65 ep. 16 mins 66

The ORX Operational Risk Podcast artwork

Updates and insights on operational and non-financial risk management from the largest operational risk association in the financial services sector.

Copy RSS

Subscribe on Podcast Addict

Our vision for the future of operational and non-financial risk in financial services

Nov 06 2024 41 mins

In this episode, Simon Wills, Luke Carrivick, and Steve Bishop discuss our strategic vision for operational and non-financial risk. They explore how changes have impacted operational and non-financial risk profiles and priorities. And look at why this transformation requires a shift in the approach to risk management. Some of the topics explored are: Do we see a transformation in t

ORX News top 5 losses in September 2024 and the latest on a recent money laundering case

Oct 28 2024 8 mins

Listen to this episode of the ORX Operational Risk Podcast to hear the ORX News team cover the five largest operational risk losses of September 2024, as well as the latest editorial content including recent developments in an anti-money laundering (AML) case which cost Danske Bank $3 billion dollars in fines. You can find the top 5 largest operational risk losses discussed in this

What are the future directions and priorities for the scenario process?

Oct 16 2024 10 mins

In this episode of the ORX Operational Risk Podcast, Simon Johnson and Rob Reay-Jones discuss the newly published ORX Scenarios State of the Industry White Paper. The White Paper highlights six industry priorities that can help make the scenario process can become more efficient and effective, helping financial organisations to release the full potential of scenarios as an active v

ORX News top 5 losses in August 2024 and latest updates on the WhatsApp probe and CrowdStrike incident

Sep 26 2024 8 mins

Listen to this episode of the ORX Operational Risk Podcast to hear the ORX News team cover the five largest operational risk losses of August 2024, as well as the latest developments in the “WhatsApp probe” and a summary of their most recent deep dive on one of the most talked about events of year so far – CrowdStrike. You can find the top 5 operational risk losses discussed

Latest insights into risk quantification practices

Sep 11 2024 11 mins

In this episode, Sarah Astill and Martin Monakhov explore the key headlines from our recent paper on risk quantification practices. They discuss how financial firms are approaching focus on four key risk areas – cyber risk, third-party risk, climate risk, and risks associated with AI. The episode looks at commonalities in how organisations are quantifying risks (for example, usin

Third-party risks in major cyber events – ORX News re-release

Aug 11 2024 18 mins

Listen to this re-released episode of the ORX Operational Risk Podcast to hear the ORX News team discuss third-party risks in connection to three major cyber events – MOVEit, Accellion, and Solarwinds. The team are taking a break over the holiday season and will be back with new content in September covering some exciting topics. You can find the latest ORX News top 5 operational

Key findings and outcomes of the Top Risk Review H1 2024 report

Jul 30 2024 15 mins

Listen to this episode of the ORX Operational Risk Podcast to hear Matthew Glinister, Head of Risk Management, Emilie Odin, Research Manager, and Natasha Smith-Craig, Assistant Research Manager, discuss the outcomes of our most recent Top Risk Review survey, which provides insights of personal views on the most significant current material risks impacting the financial services ind

ORX News top 5 largest losses in June 2024 and re-release on climate-related issues

Jul 24 2024 19 mins

Listen to this episode of the ORX Operational Risk Podcast to hear the ORX News team cover the five largest operational risk losses of June 2024 and a re-release of a previous episode where they discussed global initiatives and pledges to address climate change, a significant greenwashing settlement, ESG and green investments in the financial sector. This is in light of a significa

Top tips for making your RCSAs more effective and dynamic (process, technology, and people)

Jul 02 2024 29 mins

Listen to this episode of the ORX Operational Risk Podcast to hear Matthew Glinister, Head of Risk Management; Simon Wills, Senior Board Advisor; Steve Bishop, Research and Information Director; and Natasha Smith-Craig, Assistant Research Manager, discuss Risk and Control Self-Assessments (RCSAs) – a topic that ORX members often come to us looking for guidance and to better under

ORX News top 5 largest losses in May 2024 and a focus on two significant events caused by human error

Jun 26 2024 15 mins

Listen to this episode of the ORX Operational Risk Podcast to hear the ORX News team cover the five largest operational risk losses of May 2024, as well as focus on two significant events reportedly caused by human error. Specifically, a fat finger error which recently cost Citi $139 million dollars and another case which cost Barclays $1.5 billion dollars. You can find the top 5 o