Institute of Operational Risk

The Institute of Operational Risk (IOR) is a professional body, existing to serve its members. It was formed to provide professional recognition and to enable members to maintain competency in the discipline of operational risk.

The Institute, as reflects the industry, is relatively new but has a drive and passion in regard to Operational Risk in developing standards and education, also providing a forum to exchange ideas and best practice within the industry.

Sound Practice Guidance

These sound practice guidance papers are designed to assist companies implement the various components that make up a robust risk management framework. It is the Institute's intention that these Guidance papers evolve over time as we receive feedback and suggestions from individuals/companies who have used them.

The SPG series includes:

Risk Categorisation - September 2011

Key Risk Indicators - November 2010

Operational Risk Governance - September 2010

Risk Control Self Assessment - March 2010

Risk Appetite - December 2009

To view currently published papers in the series, refer to the SPG page