What is OBMC and what does the OBMC offer?
OBMC is an online bank management contest for young banking professionals organized by SimArch, Robbins Banking Institute and the Kansas Bankers Association.
Being a part of OBMC allows you to develop talent and team building skills as well as to improve the way you adjust to an ever-changing marketplace and the competitiveness in the banking world of today.
When you participate in OBMC, you have many opportunities for the exchange of different experiences, and networking among banking personnel all over the world.
The Online bank management competition made our people think in a manner that is different from the day to day thinking process they now undertake. I believe the activity forced them to think a much higher level. I highly recommend all banks consider getting involved in Bank Sim and challenge their up-and-coming bankers. It will better prepare them for their future in the industry.
Chris Donnelly,
Bank of the Prairie
Why Participate?
You gain experience of the world of banking and the business inside, including the different areas of the business, the financial performance and how to interact overall.
The OBMC offers a profound understanding of the business of banking, it enhances skills in risk management, while giving insight into the application of strategic objectives within a bank and an overview of the different activities that are typically performed in a full-service bank.
You learn and understand how the different areas of the business interact to enhance overall business and financial performance and gain knowledge of how to deal with competition in the marketplace.
Who should participate?
The OBMC is conducted for young professionals from commercial banks, financial institutions, and consulting companies. Participants with up to five years working experience are typically selected from the following functions within the bank:
- Risk Management
- Treasury Management
- Strategic / Planning Department
- Money Market and Capital Market Desks
- Finance
- Corporate Banking (Relationship Management)
- Commercial Banking
- Retail Banking
- Branch Management
- Financial Analysts
- Operations and Support
- Internal Audit
- Compliance
Teams
To join the Online Bank Management Contest, participants need to be divided into teams of three to four persons. There is no maximum number of teams per bank or financial institution that can join. Contestants from different banks can form a team.
Schedule
Date |
Activity |
Time* |
4/15/2021 |
Begin Registration / Acceptance of Credit Cards |
|
5/31/2021 |
Registration Closes |
|
6/17/2021 |
Kick-off webinar - how to use the program |
10:00 AM |
6/18/2021 |
Instructions to commence Program open to start, Connectivity Test |
2:00 PM |
6/24/2021 |
Introductory Webinar 01- Start OBMC 2021
|
Noon |
07/08/2021 |
Q 1 Due |
6:00 PM |
07/09/2021 |
Webinar 02 - Feedback on Q 1 |
Noon |
07/22/2021 |
Q 2 Due |
6:00 PM |
07/23/2021 |
Webinar 03 - Feedback Q 2 |
Noon |
07/29/2021 |
Q 3 Due |
6:00 PM |
07/30/2021 |
Webinar 04 - Feedback Q 3 |
Noon |
08/03/2021 |
Webinar - Guest Speaker |
Noon |
08/05/2021 |
Q 4 Due |
6:00 PM |
08/06/2021 |
Webinar 05 - Feedback on Q 4 |
Noon |
08/12/2021 |
Q 5 Due |
6:00 PM |
08/13/2021 |
Webinar 6 - Feedback on Q 5 |
Noon |
08/19/2021 |
Q 6 Due |
6:00 PM |
08/27/2021 |
Webinar 7 - Feedback on Q 6 Announce Winner |
Noon |
What to Expect
The competition takes place over the course of eleven weeks. Participants are exposed to the efforts of managing a bank. The teams will face dynamic economic and business conditions, all while competing for loans and deposits and complying with government regulations.
The management teams will be comprised of up to four members and they have the responsibility of a full-service bank for six financial quarters involving a banking simulation. The environment we have created mimics a real life economic and banking environment.
Teams decide on their strategy for the bank and make marketing decisions, decisions about portfolio mix, funding sources, distribution channels, branch network, etc.
After each financial quarter, feedback is provided via Webinar. We issue a Federal Reserve bank release ahead of each quarter to provide some guidance on how the economy will change.
During the competition, the learning curve can be steep. Each team should expect to spend six to eight hours for the beginning quarters as they learn the program and experiment with their decisions.
Our initial meeting is dedicated to the mechanics of the program. A support team is available throughout the competition to assist teams online as and when necessary.
The OBMC has a customized economic and banking environment, offering a realistic duplicate of the banking environment.
At the end of the competition, The Robbins Banking Institute, SimArch and their team of experts will assess the performance of all teams to select the winning team.