Automated global risk management

US8140415B2 · kind B2 · utility

Assignee

• Goldman Sachs & Co. LLC · US

Inventors

• David Lawrence · New York, US
• Ajay Junnarkar · New York, US

Key dates

• Filing date: Mar 20, 2001
• Grant date: Mar 20, 2012
• Expiry date: Oct 10, 2023

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/10
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

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.