Automated global risk management

Abstract

A computerized risk management method and system for facilitating analysis and quantification of risk associated with a financial transaction. An automated global risk management system maintains a database relating risk variables including world events government advisories, and other information sources with potential risk for a financial institution. The system generates a risk quotient or other rating based upon a weighted algorithm applied to the criteria, wherein the risk quotient is indicative of risk associated with a financial transaction or account. The quotient can be monitored on a periodic basis, during the course of a transaction, or on demand. Actions commensurate with a risk quotient can be presented to a financial institution to help the institution properly manage risk associated with a particular entity or transaction. A log or other stored history can be created such that utilization of the system can mitigate adverse effects relating to a problematic account.

1 .- 25 . (canceled) 
     
     
         26 . A processor-implemented method for managing risk related to a financial transaction, the method comprising:
 gathering data related to risk variables for a financial transaction;   receiving information relating to details of the financial transaction;   structuring the information received according to risk quotient criteria associated with the risk variables;   calculating a risk quotient referencing the structured information and the gathered data, wherein the risk quotient is indicative of risk associated with the financial transaction;   monitoring via a processor the risk quotient during the course of the financial transaction;   generating a plurality of suggested actions derived from monitoring the risk quotient; and   generating a diligence report based on the risk quotient the plurality of suggested actions.   
     
     
         27 . The method of  claim 26  wherein calculating the risk quotient comprises:
 multiplying a weighted numerical value by a risk category weight, wherein the weighted numerical value is derived from an assigned numerical value of the structured transaction information. 
 
     
     
         28 . The method of  claim 26 , wherein one of the plurality of suggested actions is additionally responsive to the transaction information received. 
     
     
         29 . The method of  claim 26 , wherein one of the plurality of suggested actions comprises refusing to perform the financial transaction. 
     
     
         30 . The method of  claim 26 , wherein one of the plurality of suggested actions comprises Mocking acceptance of an account. 
     
     
         31 . The method of  claim 26 , wherein one of the plurality of suggested actions comprises notifying an authority. 
     
     
         32 . The method of  claim 26  further comprising aggregating risk quotients relating to a financial institution to assess a level of identified risk to which the financial institution is exposed. 
     
     
         33 . The method of  claim 26 , further comprising calculating an average risk quotient associated with the financial transaction. 
     
     
         34 . A computerized system for managing risk associated with a financial transaction, the system comprising:
 a computer server accessible with a network access device via a communications network and executable software stored on the server and executable on demand, the software operative with the server to cause the system to:
 gather data related to risk variables for a financial transaction; 
 receive information relating to details of the financial transaction; 
 structure the information received according to risk quotient criteria associated with the risk variables; 
 calculate a risk quotient referencing the structured information and the gathered data, wherein the risk quotient is indicative of risk associated with the financial transaction; 
 monitor the risk quotient during the course of the financial transaction; 
 generate a plurality of suggested actions derived from monitoring the risk quotient; and 
 generate a diligence report based on the risk quotient the plurality of suggested actions. 
   
     
     
         35 . The computerized system of  claim 34  wherein calculate the risk quotient comprises:
 multiply a weighted numerical value by a risk category weight, wherein the weighted numerical value is derived from an assigned numerical value of the structured transaction information. 
 
     
     
         36 . The computerized system of  claim 34 , wherein one of the plurality of suggested actions is additionally responsive to the transaction information received. 
     
     
         37 . The computerized system of  claim 34 , wherein one of the plurality of suggested actions comprises refusing to perform the financial transaction. 
     
     
         38 . The computerized system of  claim 34 , wherein one of the plurality of suggested actions comprises Mocking acceptance of an account. 
     
     
         39 . The computerized system of  claim 34 , wherein one of the plurality of suggested actions comprises notifying an authority. 
     
     
         40 . The computerized system of  claim 34  further comprises aggregating risk quotients relating to a financial institution to assess a level of identified risk to which the financial institution is exposed. 
     
     
         41 . The computerized system of  claim 34  further comprises calculating an average risk quotient associated with the financial transaction.