Methods of monitoring behavior/activity of an individual associated with an organization

Abstract

A cooperative arrangement and method to monitor behaviors and other activities by an individual in an organization. Personal financial information associated with an individual who is associated with, or to be associated with, the organization are obtained. Information is extracted from the personal financial information and input into a risk assessment algorithm. The risk assessment algorithm operates on the input information and generates risk assessment data. The risk assessment data is evaluated to make a determination of certification with respect to the individual. A decision to certify means that the risk associated with the individual, with respect to committing fraud or some other improper act with respect to the organization, is acceptable. Risk assessment data on a plurality of key individuals within the organization may be generated and evaluated to make a determination of certification with respect to the organization as a whole.

What is claimed is: 
     
         1 . A method to monitor an individual person of an organization for behavioral risk, said method comprising:
 (a) periodically obtaining updated personal financial records and other updated relevant personal financial data of an individual person that is currently certified for risk with respect to said organization;   (b) inputting updated information from said updated personal financial records and other updated relevant personal financial data, along with previous personal information from a previously obtained personal financial disclosure statement from said individual person, into a risk assessment algorithm implemented on a processor-based platform;   (c) said risk assessment algorithm operating on said input information and thereby generating updated risk assessment data, wherein the updated risk assessment data includes data corresponding to one or more of detected discrepancies, evidence of irresponsible behavior, evidence of suspicious behavior, and evidence of instability; and   (d) making an updated determination of certification with respect to said individual person.   
     
     
         2 . The method of  claim 1 , further comprising documenting reasons for not maintaining certification of said individual person when said determination of certification is not to maintain certification. 
     
     
         3 . The method of  claim 2 , further comprising investigating said reasons for not maintaining certification of said individual person and thereby generating investigative results. 
     
     
         4 . The method of  claim 3 , further comprising inputting second information from said investigative results, said personal financial disclosure statement, said updated personal financial records, and said updated other relevant personal financial data into said risk assessment algorithm. 
     
     
         5 . The method of  claim 4 , further comprising:
 said risk assessment algorithm operating on said second input information and thereby generating investigation-based risk assessment data; and   evaluating said investigation-based risk assessment data and thereby making an investigated determination of certification with respect to said individual person.   
     
     
         6 . The method of  claim 1 , wherein said updated personal financial records include one or more of most-recent tax return records, most-recent treasury records, most-recent real estate records, most-recent banking records, a most-recent credit report, and a current FICO score. 
     
     
         7 . The method of  claim 1 , wherein the step of said risk assessment algorithm operating on said input information and thereby generating updated risk assessment data comprises said risk assessment algorithm comparing information from said personal financial disclosure statement with information from said updated personal financial records and said updated other relevant personal financial data, and thereby detecting any discrepancies. 
     
     
         8 . The method of  claim 1 , wherein the step of said risk assessment algorithm operating on said input information and thereby generating updated risk assessment data comprises said risk assessment algorithm detecting evidence of irresponsible behavior on the part of said individual person. 
     
     
         9 . The method of  claim 1 , wherein the step of said risk assessment algorithm operating on said input information and thereby generating updated risk assessment data comprises said risk assessment algorithm generating data related to a financial stability of said individual person. 
     
     
         10 . The method of  claim 1 , wherein the step of periodically obtaining updated personal financial records and other relevant personal financial data of said individual person is only performed when said individual person gives permission to perform said step. 
     
     
         11 . The method of  claim 1 , wherein the step of evaluating said updated risk assessment data and thereby making an updated determination of certification with respect to said individual person comprises:
 generating an updated composite risk factor in response to said updated risk assessment data; and   comparing said updated composite risk factor to a threshold value.   
     
     
         12 . The method of  claim 11 , wherein said determination of certification is to maintain certification when said updated composite risk factor is below said threshold value. 
     
     
         13 . The method of  claim 11 , wherein said determination of certification is to not maintain certification when said composite risk factor is above said threshold value. 
     
     
         14 . The method of  claim 11 , further comprising updating an underwriting of said individual person when said determination is to maintain certification and said updated composite risk factor is closer to said threshold value than a previously calculated composite risk factor for said individual person.