RMA Foundation Scholarships Are Funding the Future of Banking

Philadelphia, PA (September 11, 2017) —

The Risk Management Association Foundation is now accepting scholarship applications from college students who intend to pursue careers in the financial services industry.

Applications are being accepted through October 22. Individual award amounts, ranging from $2,000 to $5,000, will be based on the strength of the application.

The RMA Foundation’s Scholarship Program is entering its third year. Over the first two years, the Foundation awarded $333,000 benefitting 112 students.  

The RMA Foundation was created and funded by The Risk Management Association, 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. To date, the Association has contributed $7 million to the Foundation.    

Four-year college students enrolled at an accredited college or university in the United States or Canada are eligible for scholarships. Other eligibility requirements include a minimum grade point average of 3.0 on a 4.0 scale or comparable, permanent residency in the United States or Canada, and joining RMA as a student member.

RMA Scholars are selected based on:

  • Academic achievement.
  • Participation and leadership in community and school activities or related work experience.
  • Demonstrated interest in the banking industry, including involvement in the local RMA chapter, academic studies, and internships.  
  • A statement of career goals and objectives.

Financial need is not considered.

The Foundation was launched at a time of growing concern about a financial services talent gap, as the industry is faced with baby boomer retirements and competition for graduates from tech and other sectors.

By guiding some of the best and brightest into financial services, RMA hopes to ensure the vitality of the industry now and into the future.

For 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 more than 18,000 risk management professionals who are chapter members in financial centers throughout North America, Europe, and Asia/Pacific.

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