The AORG was formed in 2005 by the Risk Management Association (RMA) at the suggestion of senior U.S. regulators. Since its inception in 2005, the Group has supported advanced operational risk management and the fundamental goals of improving operational risk management practice and ensuring capital adequacy.
Our mission is to advance the disciplines of operational risk management and operational risk measurement through:
Preparing industry whitepapers/position papers.
Conducting regular roundtable discussions and range-of-practice surveys. Sponsoring a series of working groups on topics of mutual interest and concern.
Engaging in regular dialogue with senior U.S. regulators and responding to regulatory and legislative consultative documents/rules as an industry group.
Efficient/Effective: Pooled resources with robust ongoing support structure delivers a coordinated, cost-effective way to tackle multiple issues simultaneously by creating workstreams that utilize member and external subject matter expertise
Dynamic Member-Driven Agenda – Evolves based on member interest and priorities
Membership is open to any ProSight member institution regulated in the U.S. that is pursuing advanced operational risk measurement and management practices, and/or is required to conduct CCAR / DFAST exercises.
As a member-driven group, the AORG is led by its Steering and Regulatory Committee of senior operational risk leaders of its member institutions.
Support for AORG is provided by ProSight and Greenwich Risk Management Consulting LLC.
Interested in Joining the AORG?
