EM - Entity Management
Definition
Entity Management is the capability through which a bank creates, maintains, and governs information about all legal entities, individuals, and related parties with which it interacts. It ensures that every entity has a single, authoritative record that can be referenced consistently across business lines, systems, and jurisdictions.
Context
Effective Entity Management provides the foundation for E-CLM, enabling onboarding, due diligence, and lifecycle processes to operate from a shared entity record. It supports regulatory compliance, data quality, and operational efficiency by preventing duplication, fragmentation, and ambiguity in client data. Within CNRM, it ensures that relationships and networks are accurately mapped to reveal connected risks and exposures.
ERR - Entity-Relationship-Role Model
Definition
The Entity-Relationship-Role (ERR) model defines how a bank structures and connects information about entities (clients, counterparties, or related parties), their relationships, and the specific roles they play. It provides the logical foundation for linking people, legal entities, accounts, and transactions in a single coherent framework.
Context
ERR enables transparency of complex client networks by showing who an entity is, how it connects to others, and in what capacity. This structure supports risk analysis, compliance, and operational control by ensuring that client data can be navigated through consistent relationships and clearly defined roles. It underpins both E-CLM and CNRM capabilities.
Integrated Risk
Definition
Integrated Risk refers to the coordinated management of multiple risk types—financial, non-financial, operational, and strategic—through a single, connected framework. It focuses on how risks interact and compound across domains rather than being handled in isolation by separate control functions.
Context
In banking, Integrated Risk unites regulatory, credit, market, operational, and geopolitical perspectives into one risk view. This enables management to evaluate exposures, dependencies, and potential contagion across clients, business lines, and geographies. Within CNRM, it links client-level and network-level data so that structural, behavioural, and contextual risks can be analysed as part of one ecosystem.
Unique Identifier
Definition
A Unique Identifier is a persistent, system-wide reference assigned to each entity, ensuring that the entity can be uniquely recognised and retrieved across all platforms, products, and jurisdictions. It unifies disparate records and enables consistent linkage of client, counterparty, and related-party data.
Context
In banking, the Unique Identifier is essential to both Entity Management and CNRM. It allows a single client or entity record to be referenced across onboarding, KYC, due diligence, and risk systems—even when legacy platforms or regional variations exist. It also supports traceability in audit, risk analytics, and regulatory reporting by eliminating ambiguity in client identification.
A robust Unique Identifier model can reconcile internal IDs with external identifiers (e.g., LEI, Companies House, or tax IDs) and maintain the cross-reference logic required for network-level visibility.