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SMIF Students place at RMA North Central Chapter Credit Analysis Competition

Members of the Student Managed Investment Fund (SMIF) within the Nistler College of Business and Public Administration had the opportunity to compete in the North Central Chapter of The Risk Management Association’s 10th Annual Credit Analysis Competition this semester. Two teams from UND placed 4th and 5th out of the 8 total teams that participated. Dr. Cullen Goenner and Dr. Jay Choi supported students in the competition, alongside industry mentors.

The Risk Management Association (RMA) is a not-for-profit, member-driven professional association whose sole purpose is to advance the use of sound risk principles in the financial services industry. RMA promotes an enterprise approach to risk management that focuses on credit risk, market risk, and operational risk. The North Central Chapter is organized and run by volunteer members.

The goal of the RMA North Central Chapter Credit Analysis Competition is to provide an opportunity for students to network with industry and business leaders while gaining insight into the credit risk management field and its many facets. Students engaged in a case study as a team that required them to absorb and analyze complex information to determine whether a funding request should be approved in addition to the appropriate funding amount and the loan structure. Teams used a variety of diverse skills to analyze both financial and industry information to prepare and present a case supporting their decision.

The teams had approximately one month to review the case study in detail and prepare the required products including a written and oral presentation. The final competition (oral presentation) took place on Thursday, April 18th at the Dakota Medical Foundation site in Fargo, N.D. Team scores were based on three segments: written analysis, credit decision, and oral presentation. The North Central Chapter of the RMA, along with the support of the Corporate Sponsors and the National RMA organization presented all team members with prize money, starting with the winning team being awarded $600 per team member.