Toronto – For the second year in a row, a team of students from the Master of Financial Risk Management (MFRM) program at the University of Toronto’s Rotman School of Management won the international final of the PRMIA Risk Management Challenge.
The team of Asteria Wang, Jacques Taschereau, Grace Wong, and Jason Yi, all MFRM’22 students, won the competition, which came with a $10,000 US prize. A second team from the Rotman MFRM program with Silco Liang, Frank Esposito, Cathie Liao and Tracy Qi, all MFRM’22 students, also reached the international final.
The Professional Risk Managers' International Association Risk Management Challenge (PRMIA) is an annual international competition for students from multiple disciplines to use their critical and creative thinking skills to solve realistic business problems with a risk management focus.
The Rotman MFRM teams competed against teams drawn from risk management and business programs. Fifty-six teams with 219 students competed in this year's challenge. Seven PRMIA chapters hosted regional round events worldwide to narrow down the field to 12 finalist teams including teams from Canada, Hungary, Hong Kong, Paris, Boston and New York. This year the students analyzed a case study that addressed a risk scenario involving "green" products in the financial services sector. After the analysis, they proposed a modern risk dashboard illustrating how a mortgage division of a bank should report risks including climate risk. The final was held virtually on April 13.
An intensive program for recent graduates with solid quantitative skills from undergraduate university programs, the Rotman MFRM is designed to prepare students for careers in risk management. The unique curriculum combines coursework, an applied project with a company in the field, workshops on leadership and communications skills as well as a speaker series featuring practitioners.
The Rotman School of Management is part of the University of Toronto, a global centre of research and teaching excellence at the heart of Canada’s commercial capital. Rotman is a catalyst for transformative learning, insights and public engagement, bringing together diverse views and initiatives around a defining purpose: to create value for business and society. For more information, visit www.rotman.utoronto.ca.
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For more information:
Ken McGuffin
Manager, Media Relations
Rotman School of Management
University of Toronto
E-mail: mcguffin@rotman.utoronto.ca