RIMS executive director Mary Roth announced Temple University’s risk management student team as the winners of the Spencer-RIMS Risk Management Challenge. The team, comprised of four risk management students, competed against 15 other universities, delivering their award-winning risk management presentation in front of 100 industry leaders at the RIMS 2014 Conference & Exhibition.

“The Spencer-RIMS Risk Management Challenge is an engaging way to showcase the brilliant minds of these future industry leaders,” said Mary Roth. “In addition to giving students a platform to show off their risk management talents, the competition is also a reminder to established professionals at our conference about the importance of supporting the next generation of risk professionals. Congratulations to all the teams that participated.”

The challenge began three months ago when the 15 competing universities were presented with a risk management situation. The teams then developed programs to address the complexities of the situation, and based on their solutions, nine teams were selected to attend the conference. The field was narrowed to three finalists who presented on the third day of the conference.

Cathleen Gabriel, William Thorsson, Martin Leicht and Steven Costa were among the members of Temple University’s team. Their academic advisor is Michael McCloskey. The second and third place teams were Florida State University and Virginia Commonwealth University.

“We are pleased to have provided RIMS with a grant to hold the risk management challenge. The competition showcased the knowledge, skills and abilities of tomorrow’s industry leaders while, at the same time, provided the participants with a tremendous learning opportunity. The students from all 15 schools were well-prepared and insightful, and we congratulate Temple University on winning this distinguished competition,” said Brion Callori, the newly elected chairman of the Spencer Educational Foundation.

The top three finalists received a monetary prize for their efforts in the risk management solutions and presentations. Temple University received $4000 for their first place finish, while second and third prize were awarded $3000 and $2000 respectively.