Create a branch and enhance digital resilience data

Create a branch record in Digital resilience third-party registers using Third-party Risk Management. You can then enhance its digital resilience information for compliance with DORA regulation.

Before you begin

Role required: sn_vdr_risk_asmt.vendor_assessor

About this task

A legal entity can operate multiple branches across various cities or countries, all of which can be documented on the form. If a new branch is launched, its information is also required for regulatory reporting.

Procedure

1. Navigate to Workspaces > Vendor Management Workspace, select the list icon and then navigate to Digital resilience third-party registers.
2. Select Branches and then create a branch by selecting New.
3. On the form, fill in the fields.
   For descriptions of all these fields, see Create New Branch form.

   Users typically fill in the following details of the branch:

   • Branch name and its description
   • Owner's details
   • Tagging of business units and departments for reporting purpose
   • Specifying the branch as a head office or as a different branch other than the head office
   • ID of the branch and its originating country

   The number for the branch is auto-generated. Once the branch details are complete, the information is ready to be captured in the information register.
4. Select Save.
5. To edit a Legal entity record, navigate to the legal entity tab of a company record, select the legal entity you want and select Save after making your edits.
6. To edit the branch record, select it from the list and select Save after making your edits.
7. To export the branch records, select Export.

What to do next

Specify the functions that are associated with a branch. For more information, see Create a function and enhance digital resilience data.