Request a risk intelligence report

Request a risk intelligence report (RIR) or score to gain insight on how trustworthy a particular third party can be using the Third-party Risk Management application.

Before you begin

You must set up and register all risk intelligence providers and set up request types so that they’re available as selections in the risk intelligence report form. For more information, see Register a risk intelligence provider, Set up a risk intelligence provider service, and Set up a request type for a provider.

Role required: sn_vdr_risk_asmt.vendor_risk_manager

About this task

You can order different types of risk intelligence reports such as credit risk reports, compliance reports, strategic risk reports, and more for your specific risk management program requirements.

Note:

There can only be one active request of each type for a third party. For example, if Workfaster has already requested a Level 1 report, they can’t request another Level 1 report while the first one is still being processed.

Procedure

1. Navigate to All > Self-Service > Third-party Risk Management > Risk Intelligence Provider Setup > Report Requests.
2. Select New.
3. On the form, fill in the fields.

   For descriptions of all these fields, see Risk intelligence report request form. To create a risk intelligence report request that is associated with a due diligence request, see Request a risk intelligence report associated with a due diligence request.

4. Optional: In the Sanction section of the form, enter any sanctions-related information.
   For information on how to track sanctions screening information, see Track sanctions-related information.
5. Select Save.

   The system opens to the third-party risk RIR request. For each risk intelligence request, the system auto-assigns a unique ID number that starts with the text RIR. Use this ID to track your request. You can add attachments and start a discussion with your team from this page.

6. Select Submit request.
   The RIR request has been submitted to the provider.

   Note:

   You can create a risk intelligence request through the third-party record page with the following actions.

   1. In Vendor Management Workspace, select the list icon and then navigate to All third parties.
   2. Select the relevant third party to get to the third-party record page.
   3. On the Risk Intelligence report request tab, select New and specify the Provider and Request type.
   4. Select Save.
   5. Select Submit request.

      You have submitted the RIR request to the provider.