Automated account risk management

A computerized system for managing risk associated with opening a client account, 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:
• receive client corporate structure information relating to the client account, the corporate structure information including a plurality of data elements with an assigned numerical risk level value for each data element, wherein each assigned numerical risk level value represents relative risk potential associated with that data element;
• structure the received data elements according to a risk quotient criteria associated with a reputational risk of opening the client account, wherein structuring includes associating the received data elements to the risk quotient criteria, and wherein said reputational risk relates to an account opening entity providing the client account;
• assign a predetermined weight to the risk quotient criteria according to relative importance of the risk quotient criteria;
• retrieve a risk level value corresponding to each data element;
• calculate a risk quotient based on the risk level value corresponding to each data element and the weight associated with the risk quotient criteria;
• and
• generate at least one suggested action based on the calculated risk quotient.

Computer executable program code residing on a computer-readable medium, the program code comprising instructions for causing the computer to:

• receive client corporate structure information relating to the client account, the corporate structure information including a plurality of data elements, wherein each data element includes an assigned numerical risk level value representing relative risk potential associated with that data element;
• structure the received data elements according to a risk quotient criteria associated with a reputational risk of opening the client account, wherein structuring includes associating the received data elements to the risk quotient criteria, and wherein said reputational risk relates to a professional standing in an industry of an account opening entity providing the client account;
• assign a predetermined weight to the risk quotient criteria according to relative importance of the risk quotient criteria;
• retrieve a risk level value corresponding to each data element;
• calculate a risk quotient based on the risk level value corresponding to each data element and the weight associated with the risk quotient criteria;
• and
• generate a suggested action based on the calculated risk quotient.