Reason Magazine 2014 Quartal 2 Seite 57

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were we going to get all this content in 10 pages We took an enterprise risk management approach looking at the hazards operational strategic and financial risks We each took one of the quadrants We had never prepared an RFP before and Snap on is a very large complex company So we each had to narrow it down and only talk about the most pertinent risks Teams had six weeks to research and write their papers A team of 10 judges then determined the top teams Of the 15 teams that submitted papers nine were invited to present at RIMS In total 35 students had the opportunity to participate in RIMS through the contest I d been to a couple of conferences before but they didn t touch the size and magnitude of RIMS It was a little over whelming Neeley added I couldn t believe how many people were willing to reach out to us A number of people came up to us gave us their cards and said to call them if we needed anything The Challenge was held at VCU the first two years and was added to RIMS to generate more awareness within the industry It also added to the exposure and the pressure for the students We definitely raised the profile of the competition by having it at RIMS Callori added A lot more people are aware of it now and it was a really great opportunity for the students to network and make connections in the industry Following 20 minute presentations by each team the top three teams were presented a second time in the finals Temple came out on top earning the US 4 000 first prize It was the second straight win for a team from Temple They were followed by Florida State University and Virginia Commonwealth University which was the winner of the first Challenge in 2012 The three finalists did the most comprehensive analysis in terms of rec ognizing the major risks and suggesting good risk treatment options Breighner added The scores for the three final ists were incredibly close The task was to present themselves as a potential bro ker and I left feeling I could do busi ness with these people based on their professionalism For more informa tion visit spencered org It only took one risk management class at Temple University and Cathleen Gabriel was hooked The class was mandatory for international business majors and as soon as I took that class I fell in love with the subject matter she explained It s amazing how risk management touches on so many aspects of a business Gabriel a Spencer scholarship recipient just graduated with a Bachelor s degree in Business Administration with a double major in international business and risk man agement and insurance Captain of the Temple risk management team she will soon be starting a job as a financial lines underwriting analyst Her team also including William Thorsson Martin Leicht and Steven Costa captured the third annual Spencer RIMS Risk Management Challenge in April The Challenge attracted students from some of the top risk management programs at 15 universities from around the country The top three teams then made presentations in front of 200 industry professionals Teams from the University of Florida and Virginia Com monwealth University finished second and third It s great to get to network and see what s out there for students said Alex Andrews the VCU team captain who was attending his second RIMS conference I learned about a couple of jobs that I didn t even know existed This was such a great opportunity Andrews continued You could really see how this kind of experience really comes close to what happens in the real world TAKING RISK Undergrads opt for a risk management curriculum and a career in the insurance industry Photo credit RIMS ISSUE 2 2014 Reason 57