PRMIA Announces the Champions of the 2022 Risk Management Challenge

On April 13, 2022, 12 finalist teams competed virtually in the international championship round of the PRMIA Risk Management Challenge (PRMC). The teams represented undergraduate and graduate students from colleges and universities across the globe: Canada, Egypt, Ireland, Hong Kong, Hungary, France, and the United States.

Our congratulations go out to the 2022 Risk Management Challenge champions, Les Patriotes from Rotman School of Management, University of Toronto: Yingnuo (Asteria) Wang, Chenping (Jason) Yi, Fan (Grace) Wong, and Jacques Taschereau. The champions were awarded the $10,000 in prize money for the team and were offered fee waivers to pursue the Professional Risk Manager (PRM™) designation.  

Congratulations also to the second-place team, Risk Seekers from Columbia University: Keith Saylor, Laurin Vogel, Ann Breslawski, and Gilad Rabina. The second-place finishers were also awarded fee waivers for the PRM™ designation, and all 12 of the finalist teams received PRMIA Sustaining Memberships for each team member.  

We would like to recognize and thank our global sponsor, MathWorks, for its support of the 2022 Challenge, as well as QuantUniversity for offering in-kind scholarships to the international championship team.  PRMIA is also grateful to the Toronto regional sponsor RBC, as well as the Pan-Canada sponsor, the University of Toronto's Rotman School of Management.

Competition Overview
Fifty-six teams representing a total of 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.

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 round virtual event included a panel discussion with the judges about careers in risk management and practical aspects of the role of risk professionals across various industries. Panelists shared personal stories about their career paths as well as insights and advice for pursuing meaningful careers in the risk and finance fields.

MATLAB Challenge
As a part of the competition, teams participated in a MATLAB Challenge. Teams were tasked with a case study with focus on physical and transition risk with creating a working dashboard on climate risk derived from residential assets located around London. The top finishers of the MATLAB Challenge were announced at the final competition and will receive prizes from our global sponsor, MathWorks:

Best Presentation and Demonstration: Risk Seekers, Columbia University, New York, NY
Best Live Script Documentation: Dream Team, HEC Montreal, Montréal, Canada
Best Performance Risk Report: Number Ninjas, Emlyon Business School, Écully, France
Best Interactive Dashboard: Periculum Corvi, Corvinus University of Budapest, Budapest, Hungary
 

We would like to extend a special thank you to our 2022 International round judges:
Justin McCarthy, CEO, PRMIA
Oscar McCarthy, Senior Risk Manager, ING
Alex Roumi, Head of Product Management for Quantitative Finance and Risk Management, MathWorks
Yi Wang, Application Engineering Manager, MathWorks
Kishore Yalamanchili, Managing Director/Head of Portfolio Management, New Oak Capital