9 min listen
Right Time, Right place: The drive for change in operational risk (part 2)
Right Time, Right place: The drive for change in operational risk (part 2)
ratings:
Length:
18 minutes
Released:
Sep 1, 2021
Format:
Podcast episode
Description
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
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
Released:
Sep 1, 2021
Format:
Podcast episode
Titles in the series (53)
The Latest Trends in Operational Risk Scenarios with the ORX Scenarios Team: Each year, following the annual scenario submissions, we produce a report exploring the trends and changes seen in the ORX Scenarios library. In this webinar, the ORX Scenarios team discuss the key trends seen in this year's library (focusing on conduct ... by The ORX Operational Risk Podcast