The second edition of the Quant Competition on credit risk models organized by Deloitte Romania together with Banca Transilvania was won by three students from Bucharest, Cluj-Napoca and Timisoara

The second edition of the Quant Competition on credit risk models organized by Deloitte Romania together with Banca Transilvania was won by three students from Bucharest, Cluj-Napoca and Timisoara. This year’s competition was joined by 24 students from University of Bucharest (UB), Bucharest Academy of Economic Studies (ASE), Babes-Bolyai University in Cluj-Napoca (UBB), West University of Timișoara (UVT), Alexandru Ioan Cuza University of Iasi (UAIC). The competitors were first and second-year students of master programs in data science, artificial intelligence, machine learning, business analysis, statistics and econometrics.

The awards, consisting of financial prizes and employment opportunities with Deloitte Romania and with Banca Transilvania, were won by Danut Cristinel Stinga, student in the Artificial Intelligence program at the University of Bucharest, who ranked first, Sebastian Calin Coroian, who studies Analysis of Complex Data at Babes-Bolyai University in Cluj-Napoca and who came in second, and by Adela Bosun, student in the Big Data master program at West University of Timișoara, who received the third prize.

During the two phases of the competition, the contestants were asked to design credit risk models to assess the probability of default of hypothetical banking clients, based on macroeconomic data and on data provided by the organizers, tasks which simulate real professional life.

“This second edition of the Quant competition was received with much enthusiasm among the university professors and among the students. We are thrilled to be able to share our passionate and creative approach on credit risk models with the future generations of risk professionals and to be able to contribute to their development. We thank our partners from Banca Transilvania for continuing to support this project with such dedication”, said Dimitrios Goranitis, Deloitte Global leader Financial Services Industry Risk and Regulatory, and Central Europe Financial Services Industry leader.

“We are a growing organization, continuously evolving our practices and the tools that we use, proud of what we do, and we hope to inspire future generations to choose this professional path. Quant Competition is about students, to help them prepare for professional life, to support them in making the first steps in their career. I want to congratulate all students that accepted this challenge and the university professors who supported them. Special thanks to our partner, Deloitte, that for the second year made it possible for the students to face a real credit risk modelling challenge,” said Luminita Runcan, Chief Risk Officer, Banca Transilvania.

The competition jury was made of Deloitte Romania experts in financial risk - Catalin Ruja, Director, Mihail Voicu, Manager, and Octavian Stoica, Specialist Lead in the Risk Advisory practice - and Banca Transilvania credit risk management professionals - Cristina Lehaci, Head of Credit Risk Modelling and Collective Provisions Parametrization, Andrei Rusu, Credit Risk Analyst Expert in Statistical Modelling, and Mariana Voican, Head of Model Validation.

Deloitte provides industry-leading audit and assurance, tax and legal, consulting, financial advisory, and risk advisory services to nearly 90% of the Fortune Global 500® and thousands of private companies. The firm’s professionals deliver measurable and lasting results that help reinforce public trust in capital markets, enable clients to transform and thrive, and lead the way toward a stronger economy, a more equitable society and a sustainable world. Building on its 175-plus year history, Deloitte spans more than 150 countries and territories. Its objective is to make an impact that matters through its 457,000 people worldwide.

Deloitte Romania is one of the leading professional services organizations in the country providing, in cooperation with Reff & Associates | Deloitte Legal, services in audit, tax, legal, consulting, financial advisory, risk advisory, business processes as well as technology services and other related services, through over 3,400 professionals.

Banca Transilvania is the largest bank in Romania and the main lender of the economy, covering all customer segments and business lines in the financial sector. With a history that started almost 30 years ago, it has 20% market share, 4 million customers, over 10,000 employees, online banking solutions and 500 branches in 180 locations. The value of the Banca Transilvania brand is beyond the 500 million USD threshold and it entered the top 300 Brand Finance Banking 500 2023. Also, it is included in Top 10 Strongest Banking Brands Worldwide, with an AAA+ brand rating. Beyond banking, BT wants to make a positive impact in Romania, for people, business and the environment.