What is Management Hold Signoff Payout Alert?

Regarding the FIC RMCP Configuration, the risk indicators are categorized as Low Risk, Medium Risk, High Risk, and Management Signoff Required. Any risk level set to Management Signoff Required will automatically trigger a payout alert on the associated loan.

For example, if the assessment criteria specify Management Signoff Required for a TFS List Match Found, this will generate a payout alert during the loan disbursement process. The user will see the alert along with the relevant assessment group tied to the criteria.

In compliance with FIC regulations, an extreme case must be flagged with a Management Signoff Required risk indicator. This ensures that high-risk scenarios, such as a client matching a critical assessment criterion, are escalated appropriately for management review and approval. This process helps maintain strict adherence to regulatory requirements and ensures thorough scrutiny of high-risk cases.

Setting Management Sign-off required on a particular assesment group will result in a payout alert when doing a loan.