The ORX Operational Risk Podcast

Jan 30 2025 68 ep. 16 mins 70

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.

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CCAR insights from 2024 and what’s on the agenda for 2025

Jan 30 2025 7 mins

In this short episode of the ORX Operational Risk Podcast, Martin Monakhov and Mike Constantinou share highlights from their work with the ORX CCAR Community in 2024 – especially from the roundtable held in the US in November. Key themes from the roundtable include: Using structured scenarios in stress testing Enhancing stress testing processes Uncertainty around the Basel III e

ORX News top 5 losses in December 2024 and a summary of the top 5 largest losses of 2024

Jan 28 2025 13 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 December 2024, as well as a summary of the top 5 largest losses of 2024. The team also cover the latest editorial content, including deep dives into Goldman Sachs being fined nearly 65 million dollars in connection with Apple Card customer service f

ORX News top 5 losses in October 2024 and a focus on insurance and third party risk events

Nov 28 2024 9 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 October 2024, as well as a data deep dive focusing on three common areas in which third party risk events materialise: cyber, infrastructure, and supplier. The team also cover a deep dive looking into the largest loss of 2024 so far which cost TD Ba

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