Competition promotes real-world experience in risk management, offers mentoring from Accenture industry experts
SINGAPORE; Jan. 28, 2015 – The Nanyang Technological University Risk Management Society (NTU RMS) and Accenture have opened the application period in Singapore for the inter-varsity Risk Management Challenge 2015 (RMC 2015). Participants need to form a team of three and can apply at http://asean-rmc.wix.com/rmc2015.
The annual competition, launched in 2011 by the NTU RMS, seeks to raise awareness among undergraduates of risk management in the business and financial sectors. Apart from helping participants better appreciate risk, the event also provides students with insights into the risk management industry, through interaction with industry veterans and professionals.
“It is imperative that industry experts step up and help educate and mentor undergraduates about the real-world importance of risk management in business and the financial sector,” said Aliette Leleux, managing director for Accenture Finance and Risk Services in Asia-Pacific. “The objective of this challenge is to help bridge the gap between academia and the business world by giving undergraduates the opportunity to network with experts in the field of risk management and be mentored by them.”
The competition is open to undergraduate students from National University of Singapore (NUS), Nanyang Technological University (NTU), Singapore Management University (SMU) and Singapore Institution of Management (SIM).
Participants will be given four weeks to prepare a 10-page report on the RMC 2015 theme: “Building Trust and Innovation in Digital Banking and Social Media.”
The report will be evaluated based on knowledge of subject matter, application and depth of analysis, creativity of recommendations and clarity and structure of the proposal response. The top five teams will be shortlisted to participate in the RMC 2015 Singapore audition. Similarly, five teams will be shortlisted to participate in the Malaysia audition. Finally, two teams from each country will be selected to qualify for the regional ASEAN RMC 2015 grand finals on March 26 at the Nanyang Technological University Alumni Club.
“By participating in the RMC 2015, students can gain a deeper understanding of risk management challenges, which could ultimately increase the marketability of participants in terms of career prospects in the financial and banking industry,” said Clarina Heng, president of the Nanyang Technological University Risk Management Society.
Submissions will be reviewed and judged by financial services industry risk management professionals and Accenture risk management professionals. The Grand Finals Champions will receive SGD 2,000; the first runner-up team will be awarded SGD 1,000; and the finalists team will take home SGD 300.
In Malaysia, the same competition is also supported by the University of Nottingham Malaysia, the AIESEC Society Malaysia and Accenture. It is open to undergraduate students from the University of Nottingham Malaysia, Taylors University, University of Malaya, University Putra Malaysia, Monash University, Sunway University, INTI University and AIESEC-network universities.
Accenture is a global management consulting, technology services and outsourcing company, with approximately 319,000 people serving clients in more than 120 countries. Combining unparalleled experience, comprehensive capabilities across all industries and business functions, and extensive research on the world’s most successful companies, Accenture collaborates with clients to help them become high-performance businesses and governments. The company generated net revenues of US$30.0 billion for the fiscal year ended Aug. 31, 2014. Its home page is www.accenture.com.