ORX Reference Control Library

Discover how the library can support op risk management at your firm

Schedule a 15-minute call to find out how out you access the ORX Reference Control Library.

In the call we'll cover:

How you can use the ORX Reference Control Library to improve your control practice

What resources you'll get access to if you purchase the ORX Reference Control Library

A quick demo of the ORX Reference Control Library Explorer (the interactive online version of the library)

Any other questions you have about the library, what's in it or how it can be used to support operational risk management

761+

Controls in the library

Level 1 risk types

60+

Level 2 risk types

Control library report front cover and blurred image of the excel version

A first of its kind control library for banks and insurers

Created with the support of McKinsey & Company as a knowledge partner, and based on the input and data of 50 firms, the ORX Reference Control Library is a comprehensive database of 761 controls.

The library helps you better understand your controls and compare them to industry practice. Importantly, it can be used as the basis for developing a control library from scratch or to evolve your existing library.

Save time and money with the control library

Many financial firms are spending significant time and resource developing their own control libraries.

While these internal libraries can be useful, they take a lot of effort to create and can lack a wider industry view of the control environment.

For a one-time payment of £11,000, you'll get access to the complete ORX Reference Control Library, as well as guidance, a trends report and an interactive version of the library.

The ORX Reference Control Library gives you a ready-made library that you can implement straight away at your organisation. Because the library was created using data and input from 50 financial firms, it provides a standardised industry view. The library helps you understand where there are gaps in your controls and how you compare to the rest of the industry.

Develop your own control library

Use the ORX library as a base for developing your own organisational library.

See how you compare to others

Use the library to see how your controls compare with the wider industry.

Enhance your existing library

Use the ORX library to identify gaps and improve your own internal library.

Align with standard industry practice

Use the library to ensure that you are aligned with common practice.

A downloadable Excel file of the library

The Excel version of the library gives you an editable version of the library. It's especially useful for benchmarking against internal controls.

Guidance, observations and industry trends

In addition to the library itself, we've produced guidance to help you use it and a short report detailing our methodology and industry trends. The guidance covers the library structure and observations on the 16 level 1 risk types covered by the library.

Access to an interactive online version of the library

The ORX Reference Control Library Explorer is an interactive, online version of the ORX Reference Control Library. It helps you explore the library by risk type, see connections between controls and easily dig into the areas of most interest to you. You can also search for keywords and export different views of the library.