University of Malaya and Sunway University students emerge as Deloitte Risk Intelligence Challenge 2015 Finalists
25 November 2015 – Participants of the Deloitte Risk Intelligence Challenge 2015 (RIC 2015) went full throttle at the Semi-Finals held at Sunway University yesterday in their efforts to secure a place in the Finals. Teams Ravenous and AEM from University of Malaya and Oprisque from Sunway University emerged as finalists of the unique competition for undergrads held for the third time by Deloitte Malaysia.
“This year’s participation in the Deloitte Risk Intelligence Challenge has been extremely encouraging with the high level of presentation and research skills demonstrated by the semi-finalists,” said Deloitte Malaysia Director for Enterprise Risk Services, Eddie Loh, the lead for RIC 2015 and also one of the judges.
“The RIC 2015 is a platform for students to sharpen their research and analytical skills, and critical-thinking and presentation skills. Deloitte Malaysia is committed to cultivate the new generation of professionals to form a highly-skilled knowledge workforce.” Loh added that the Deloitte Risk Intelligence Challenge is endorsed by Deloitte Global as one of the firm’s platforms for talent acquisition.
Other judges include representatives from sponsors ACCA Malaysia and the Institute of Internal Auditors Malaysia (IIAM). Meanwhile Sunway University was the venue sponsor while the Malaysia Institute of Debate and Public Speaking (MIDP) sponsored the training on presentation skills.
The Deloitte Risk Intelligence Challenge is an annual event organised by Deloitte Malaysia. The winning team will go on to compete at the ASEAN level apart from winning cash prizes amounting RM5,000. Second and third place winners will get RM3,000 and RM1,000 respectively. In the preliminary round, participating teams from public and private Malaysian universities were required to submit essays based on given scenarios.
Eight teams consisting four participants each from HELP University, Sunway University, University of Malaya (UM), Multimedia University (MMU), MARA University of Technology (UiTM), and SEGI College had originally made the cut as Semi-Finalists.
The teams that eventually competed in the Semi-Finals were GLOW Consulting and Stocker from HELP University, Oprisque from Sunway University College, Valkyrie from UM, AEM and Ravenous from University of Malaya, and SeaHawks from MMU.
Rebecca Faun Pik Yan from team AEM described the event as an exhilarating experience and was surprised that her team made it to the Finals. Charroogisenee A/P Radhakrishnan from team Ravenous, and Cleo Yu Wei Chee from team Oprisque, while elated that their teams are in the running to represent the nation at the regional level, also collectively expressed surprise at winning as they felt the semi-finalist teams were all rather strong. Deloitte ERS Director, Eddie Loh, additionally mentioned that it was a very close fight and hopes Malaysia will be the regional champion this time around. Thailand and Singapore were the regional champions for 2014 and 2013 respectively.
During the Semi-Finals, participants were required to conduct a presentation based on the given case study, demonstrating well-rounded skills in presentation, research and critical-thinking. At the Finals, to be held on 22 January 2016, participating teams will be expected to present their risk management and business pitches based on a case study, an update from the debate challenge format of previous years. The champion will go on for the regional challenge, which is expected to be held during the annual Deloitte’s Enterprise Risk Services Residential event in mid-2016.
The champions will also offered internship and permanent career opportunities with Deloitte, one of the largest professional services firm in the world. The RIC is the first risk management-themed competition in the country, originally conceived by Deloitte Malaysia. Competitions like these are vital in moulding students and giving them a taste of real-life work environments as well as develop rudimentary career skills.
For more information on Deloitte Malaysia, please visit www.deloitte.com/my