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Deloitte sparks innovation amongst students through Risk Intelligence Challenge
22 January 2016 – Team Ravenous from University Malaya emerged as champions in the Deloitte Risk Intelligence Challenge (RIC) competition today at Deloitte’s Kuala Lumpur office. The winning team wowed the judges with an impressive business pitch which truly encompassed RIC’s theme for this edition “Going beyond risk in business”.
The second and third place went to Team AEM from University Malaya and Team Oprisque from Sunway University.
RIC, a Deloitte initiative held for the fourth time, is designed to promote risk awareness amongst learning institutions by engaging undergraduates across Malaysia via introducing them to today’s risk issues. The completion also aims to encourage participants’ independent learning via logical and creative thinking.
“RIC resonates with Deloitte’s spirit of innovation whereby participants are asked to think logically and out-of-the-box for applicable solutions. While this competition does not boast large sums of cash prizes, it offers travel opportunities and most importantly, a career opportunity with the firm,” said Eddie Loh, Deloitte Malaysia’s Enterprise Risk Services (ERS) director and regional RIC chairperson.
Officiating the event was Nizar Najib, FAS Partner at Deloitte Malaysia who shared, “RIC has helped us uncover some hidden gems – many of whom are now on career fast tracks in our ERS practise. The winning team will be representing Malaysia at the next stage of this competition where they will compete against their peers from other ASEAN countries.”
RIC is also hosted in Deloitte offices in Singapore, Indonesia, Thailand, Vietnam and the Philippines. As of 2015, winners from each country will gather for the ASEAN-level RIC competition annually. The next ASEAN RIC will be held later this year in one of the participating offices. The winning team from this level will be offered career opportunities in any of the participating offices.
Tham Kuen Wei, team Ravenous’ captain, is thrilled that his team managed to clinch the championship title, “This is a great initiative from Deloitte! This competition has exposed us to real-life working experience such working closely with Partners in coming up with solutions and increased our networking opportunities locally, and soon regionally. Thank you, Deloitte!”
RIC participants are required to first submit a report based on risk-relevant topics – these reports are reviewed by Deloitte risk professionals to help determine qualifying teams for the next stage. Next, teams will need to present their reports to a panel of judges who will further eliminate teams. The final stage features interactive business presentations based on case studies by the finalist teams.
Finalists were also invited to participate in grooming and presentation workshops as well as one-to-one coaching towards the final stage. These advantages will serve to help participants with their careers regardless the outcome of the competition.
A special awards were also presented by ACCA Malaysia for the Best Speaker to Rebecca Faun Pik Yan (University Malaya), Charroogesinee Radhakrishnan (University Malaya), Tham Kuen Wei (University Malaya) and Taseen Najmus Saqeeb (MMU Cyberjaya). This category is specially created to recognise exceptional presentation skills and style.
ACCA Malaysia as well as the Institute of Internal Auditors Malaysia (IIA), the Malaysian Institute for Debate and Public Speaking (MIDP) and Sunway University are proud sponsors of Deloitte Risk Intelligence Challenge 2015/2016.