Is there a documented process for human review of AI credit decisions? *
Yes. All credit decisions above £10,000 are reviewed by a qualified Credit Risk Manager before a final decision is communicated to the applicant. Override decisions are logged in our Loan Origination System with a mandatory reason code. Review completion is tracked weekly by the Head of Risk.
Who is the named oversight owner for this AI system? *
Sarah Okafor, Head of Credit Risk (sarah.okafor@meridianfg.com). Sarah holds CFA and FRM qualifications and has direct authority to halt or override the system. She reports to the Chief Risk Officer.
Can the AI system be paused or stopped immediately if a problem is identified? *
Yes. The system has a manual kill-switch accessible to the Head of Credit Risk and CTO. Activation time is under 4 minutes. A documented incident response procedure (IRP-07) covers this scenario.