Risk Management Association Announces Foundation Scholarships

Philadelphia, PA (February 16, 2017) —

The Risk Management Association is proud to announce the selection of its most recent group of RMA Scholars.

Each year, The RMA Foundation awards the best and brightest four-year college students committed to a career in banking with scholarships ranging from $2,000 to $5,000. For the current academic year, The RMA Foundation has awarded scholarships to 81 students who have distinguished themselves through their academic work, industry knowledge, and experience. Of that number, 58 students were first-time recipients. An additional 23 students received renewal scholarships.

The names of the winners and more information about them and the scholarship are available at www.rmahq.org/scholarship.

The Risk Management Association, whose mission is to advance the use of sound risk management principles in the financial services industry, created the Foundation in 2014 and seeded it with $5 million to address the growing talent gap in the financial services industry. It has since provided another $1 million to the Foundation. Last year, the first year scholarships were awarded, the Foundation selected 54 students. Considering the retirement of baby boomers and fierce competition among industries for the best and brightest students, there is a need to ensure that banking has the talent it needs to thrive in the coming decades.

“Helping to pave the way for bright students with a demonstrated interest in working in financial services is important work for RMA,” RMA CEO Bill Githens said. “It is very gratifying to be part of such an important effort, and heartening to know that, thanks to RMA’s financial commitment, the Foundation will continue to fund RMA Scholars for many years to come.”

Applications for the next round of RMA Foundation scholarships will be accepted in the fall. In addition to applying for scholarships, banking-focused students are encouraged to take advantage of free RMA student memberships. Benefits have been expanded to include mentoring opportunities, an online subscription to The RMA Journal, access to the RMA Xchange online member community, and invitations to attend RMA chapter meetings and workshops. Students are also able to earn the Credit Essentials Certificate, which demonstrates proficiency in business and financial knowledge and helps certificate holders stand out to employers.

For scholarship eligibility requirements and more information on The Risk Management Association Foundation Scholarship Program, please visit www.rmahq.org/scholarship.

About RMA
Founded in 1914, The Risk Management Association is a not-for-profit, member-driven professional association whose sole purpose is to advance the use of sound risk management principles in the financial services industry. RMA promotes an enterprise approach to risk management that focuses on credit risk, market risk and operational risk. Headquartered in Philadelphia, Pennsylvania, RMA has 2,500 institutional members that include banks of all sizes as well as nonbank financial institutions. They are represented in the Association by 18,000 individuals located throughout North America, Europe, Australia and Asia/Pacific.

Media Contacts
Stephen Krasowski, skrasowski@rmahq.org, 215-446-4095 
Frank Devlin, fdevlin@rmahq.org, 215-446-4137