No risk, no fun! Lion’s Den Risk Modelling Challenge is over
Weeks of preparations, 57 participants, 18 teams, 21 mentors and liters of coffee - second edition of Lion’s Den Risk Modelling Challenge is over! The challenge was a two-day event organized by ING Tech Poland and ING Bank Śląski in Warsaw. It centered around the future of risk – modelling, big data analysis and AI in banking. As risk management is the strategic heart of banking and fintech, we were looking for bright, talented students and young professionals to design the future of modelling and risk analysis.
There were as many as 87 keen to take part in the challenge, yet only 57 solved a statistical analysis assignment correctly. Participants who qualified for the second stage, were invited for the event.
On 30 May all attendees met at HubHub in Warsaw to face an 8-hour challenge. Their task was to prepare a credit risk analysis based on given banking, financial and macroeconomic data. On the second day, the participants had a chance to brush up on their auto presentation and body language skills during dedicated workshops. To their help came expert coaches from ING Tech Poland, ING Bank Śląski as well as business & startup communities.
Solutions that teams sent to our experts on the first day helped to choose top 6 groups. The finalists pitched their presentations in front of the jury:
- Justyna Kesler - Global Head of ING Business Shared Services,
- Paweł Michalik - Head of ING Tech Poland,
- Patrick Roesink - Vice-President of the Management Board of ING Bank Śląski,
- Kim Verhaaf - Head of Financial Risk Modelling and Advanced Analytics at ING,
- Praveen Khurana - Global Head of Retail Credit Risk at ING.
The judges were impressed by the solutions, analytical skills and engagement of all finalists. However, to win one of the three main prizes, it wasn’t enough to come off well. The teams had to come up with answers for many inquisitive questions, present logic behind calculations and support reasons for the conducted analysis.
The jury assessed presentations on the basis of their innovativeness, attractiveness, business potential, accordance with the main topic, as well as presentation form and overall impression.
At 4 pm it was clear: the main prize of 12, 000 PLN went to the Los Dziubkos team! The second place and 9, 000 PLN won ML Ithaca and Kumple got the third prize of 6, 000 PLN.
Once again, congratulations to all winners and participants! You were amazing!
Lion’s Den Risk Modelling Challenge helps to create a community centered around risk management and introduce young professionals to issues connected with using data sources, technologies and financial tools in financial sector.
We’re coming back from Warsaw with new ideas, positive energy and hope for future editions!
Take a look at our photo relation from the event: