Orx careers12/29/2023 ![]() “Many of our members were spending significant time and money on improving their controls and some had built their own Control Library. Gain insight into the relative importance of their controls in mitigating operational and non-financial risk.Speed up the internal development of a control library by using all, or parts, of the ORX Reference Control Library.Review their internal control instances (or control library) against the typical control types.How does the ORX Reference Control Library help?Īligned to the ORX Reference Risk Taxonomy, the ORX Reference Control Library provides a framework for the typical control types currently used by the industry today to mitigate each risk in the taxonomy. Furthermore, at an industry level, there is an overall lack of standardisation between organisations. However, developing a comprehensive and dynamic control library can often be a complex, time-consuming and resource-intensive process for many firms. It also streamlines control identification and assessment processes across the business. Further split into 61 sub-level risk categoriesĪ good control library helps to standardise and simplify controls by setting expected types for risks or processes.Most financial firms want to optimise their internal control environments – both to provide resilient services and to meet regulatory expectations. Control libraries are increasingly being used to support this optimisation. ”Įfe Cummings, Global Head of Operational Risk at Nomura About the library Why did we develop the ORX Reference Control Library? The product demonstrates the power of members working together as part of the ORX community. It not only helps each institution to enhance their control environment and practices, it will also help the industry to develop more standardised practice, leading to better benchmarking, data sharing and improved risk management insights. "The control library is a really important development for financial services. A report detailing our general observations on controls used across financial services.A downloadable excel version of the library.If you buy the library, you'll get access to: If your organisation isn't a member of ORX, then you can purchase the complete library for a one-off fee. ORX members can access the library for free as part of their annual membership subscription on the members-only website. How to access the ORX Reference Control Library Develop a new control library for your organisation.The library provides an industry-first framework of the typical control types used by financial firms to mitigate key operational and non-financial risks. It's based on data collected from nearly 50 banks and insurers. A list of bone analyses that we offer in our animal models can be found in our list of bone analysis services.Working with McKinsey & Company as knowledge partners, and with the support of our members, we've developed the ORX Reference Control Library. We also provide tailored study setups for testing biosimilars and functional foods that have less extensive regulatory requirements. Pharmatest has specific standard study setups for testing compounds with anti-catabolic and anabolic bone effects. Preclinical efficacy studies can also be performed with intact male rats, or intact male mice that require lower amount of test compound. Efficacy of the best compound can then be confirmed with more extensive and longer studies. When necessary a preliminary 2-week study can be first performed for identifying the best out of several potential compounds and finding its optimal doses. Pharmatest can help you in determining the efficacy of your new drug candidates for male osteoporosis with the rat ORX model. The rat orchidectomy (ORX) model is the most commonly used animal model of androgen deficiency and male osteoporosis. The development of male osteoporosis is associated with several risk factors, including androgen deficiency. Osteoporosis affects aging men and leads to an increased risk of bone fracture.
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