5 October - 2 December 2022
8 Weeks
5-7 hours per week
£2,450
The Imperial Risk Management programme is one of the offerings in the Imperial Virtual Programme portfolio, characterised by live interactive sessions with faculty. This eight-week live virtual programme is designed to challenge finance professionals to think critically and creatively about risk.
Drawing on insights from Imperial College Business School faculty, industry leaders, case studies and your peers, the programme will help you predict future societal, financial, corporate and environmental risks and provide you with practical ways to measure and hedge risk in your organisation.
Through this immersive and interactive programme you will:
- Evaluate risk management frameworks and practices and apply them to industry settings
- Critically assess risk management reports and research
- Examine changes in risk management practices as a result of paradigm shifts in global banking, insurance and asset management
- Analyse the mechanism of corporate governance and its critical relationship with risk
This programme blends quantitative research and intelligent risk strategies with practical case studies to broaden participants’ risk management understanding and ability. The diverse programme cohort will include participants from a range of countries, job functions and industries and is designed for:
- Mid to senior-level finance managers looking to expand their knowledge of risk regulation and practice
- Risk/portfolio managers seeking to understand how to allocate capital across multiple investments
- Consultants looking to gain a broad overview of risk management tools and techniques
At Imperial College London, our world-leading experts have combined scientific rigour with practical experience and the latest research to develop immersive virtual programmes – delivered in real time – in several areas of commerce, leadership and innovation so you can define the very future of business. Let us meet you where you are – and take you where you want to be.
- Learn in real time through live interactive sessions from Imperial faculty and industry leaders
- Intensive approach that fits into your busy schedule
- Up to two live sessions per week, 90 minutes with Q&A
- Engaging, cutting-edge learning platform with mobile access
- Limited seats available; secure your seat early
- All live sessions are recorded so you can view them again at any time during the programme
Complete more than eight programme days or equivalent hours (56) for online and virtual programmes to claim 'Associate Alumni' status and join our active alumni community. Some of the benefits of becoming an Associate Alumni include:
- 25% discount on future Imperial College Executive Education open programmes for up to three colleagues from your organisation per year
- Access to the Imperial College Business School Alumni LinkedIn group
- Invitations to Executive Education and Business School events and webinars
- Invitations to worldwide alumni events
- Receive the monthly IB Knowledge newsletter
There is a one-week orientation period from the programme start date where you will have the opportunity to familiarise yourself with the learning platform, meet fellow participants and prepare for the programme ahead. We continue to accept bookings during the orientation period until live teaching sessions begin.
Note: Live teaching sessions begin after the orientation period. Sessions are normally held twice a week between 9:00 - 11:00 a.m. UK Time. Please download the brochure for full session schedule.
Appreciate recent trends in the practice of risk management in the corporate and financial sector. Understand the importance of overcoming individual behavioural and organizational biases to implement optimal risk management in practice.
Review and create a level playing field in terms of knowledge of statistics and related tools that are important for risk management.
Understand basic rules of probability and measures of tail risk and learn to apply linear regression models.
Understand the importance of reputation and brand risk management in the corporate sector through real world examples. Learn how to manage and control risks related to brand and reputation including the role of effective communication.
Learn from an industry expert how to view risk management decisions, projects or investments as a portfolio of risks.
Understand the distinction between risk that can and cannot be diversified and learn how to risk-adjust performance measures.
Learn to use futures, forwards, swaps and options to hedge equity, interest rate, commodity and currency risk.
Understand asset liability management (ALM) for banks, asset managers and corporates and how to use derivatives in ALM.
Learn from the Chief Risk Officer of a $20 billion asset management firm how to build a risk department from scratch.
Understand risk measures such as expected short-fall and Value at Risk (VaR) and how to apply them.
Learn nonparametric and Monte Carlo VaR models, and understand and apply scenario analysis and stress testing.
Learn how to manage risk in complex and derivative portfolios, and how to manage exotic risks such as climate change risks.
Learn from an experienced insurance executive the principles of risk management in insurance markets.
Learn how to measure and manage credit risk, and what credit default swaps are and how to use them.
Understand how to manage counter-party risk and how to calculate CVA, DVA, KVA and XVA.
Learn how better risk understanding can improve financial judgement and foresight. You will come away with an appreciation of how the course content can be practiced within risk management.
Foundations of Risk Finance Theory
Robert Kosowski, Associate Professor of Finance at Imperial College Business School
This module deals with two fundamental problems in finance and risk management:
Robert Kosowski, Associate Professor of Finance at Imperial College Business School
Financial Markets and Instruments
Robert Kosowski, Associate Professor of Finance at Imperial College Business School
Bond pricing and interest rates
Robert Kosowski, Associate Professor of Finance at Imperial College Business School
Introduction to Option and Swap Markets
Robert Kosowski, Associate Professor of Finance at Imperial College Business School
Market Risk Management
Enrico Biffis, Associate Professor of Actuarial Finance at Imperial College Business School
Analytical VaR case studies
Enrico Biffis, Associate Professor of Actuarial Finance at Imperial College Business School
Portfolio VaR case studies
Enrico Biffis, Associate Professor of Actuarial Finance at Imperial College Business School
Market Risk Management
Enrico Biffis, Associate Professor of Actuarial Finance at Imperial College Business School
Other approaches to the computation of risk measures
Enrico Biffis, Associate Professor of Actuarial Finance at Imperial College Business School
Practical insights from a Chief Risk Officer in the non-financial sector
John Ludlow, CEO of AIRMIC (Association of Insurance and Risk Managers in Industry and Commerce)
Credit Risk Management
Damiano Brigo, Chair in Mathematical Finance at Imperial College London
Firm Value Models
Damiano Brigo, Chair in Mathematical Finance at Imperial College London
Intensity Models
Damiano Brigo, Chair in Mathematical Finance at Imperial College London
Multi-name Products and Models
Damiano Brigo, Chair in Mathematical Finance at Imperial College London
Counter-Party and Funding Risk
Damiano Brigo, Chair in Mathematical Finance at Imperial College London
Counterparty and Funding Risk
Damiano Brigo, Chair in Mathematical Finance at Imperial College London
Introduce CVA, DVA, FVA, KVA, and XVA
Robert Kosowski is Professor of Finance and Head of the Finance Department at Imperial College Business School. He is also a research fellow at the CEPR and an associate member of the Oxford Man Institute. Robert’s research has been published in top peer reviewed finance journals, and has been featured in the Financial Time and Wall Street Journal. His past positions include Head of Quantitative Research at a $20 billion asset management firm and specialist adviser to the UK House of Lords.
Enrico is Associate Professor of Actuarial Finance at Imperial College Business School and Associate Director for Development Finance at the Brevan Howard Centre for Financial Analysis. His areas of expertise are risk analysis and asset-liability management, as well as the design of predictive analytics and risk management tools for a variety of asset classes. Enrico has collaborated extensively with industry and has been the recipient of grants and awards for his research on the modelling and hedging of large risks.
Paolo is Professor in Financial Econometrics at Imperial College Business School. He has a Summa Cum Laude degree in Economic Statistics from Roma and holds a PhD in Econometrics from the London School of Economics. He is also teaching at the University of Rome La Sapienza and has previously taught at the London School of Economics and at the University of Cambridge.
Didier is the Chief Risk Officer of the Unigestion Group. He began his career in 2000 in the Investment Management department of Lloyds TSB Bank in Switzerland. Throughout his career, he’s also served as Risk Manager and deputy to the Chief Risk Officer for Banque Cantonale de Genève, a Senior Manager of Economic Capital for Banque Laurentienne du Canada in Montreal, a Senior Manager in the risk advisory practice for PWC, and a Senior Quantitative Analyst for EIM S.A., where he later became Head of Risk Management Europe & Asia, and then Head of Risk Management.
José has over 30 years of experience in the financial services industry globally. He started his career with American International Group (AIG) in 1986 and has since performed in senior roles including CEO for Latin America and the Caribbean at Willis Towers Watson (WTW), Director for International Markets at Lloyds of London, Managing Director and Board Member for A.M. Best Asia-Pacific and is currently an independent non-executive director for the Starr Companies and the Hansard Group.
Damiano is head of group and chair in Mathematical Finance and Stochastic Analysis at Imperial College Business School. Damiano previously served as Gilbart Professor and Head of Group at King's College London, Managing Director and Quantitative Innovation Global Head in Fitch Ratings, Head of Credit Models in Banca IMI and Fixed Income Professor at Bocconi. Damiano is on the board of a few financial institutions and has extensive first-hand experience in the financial industry on a variety of risk management and quantitative modelling roles.
John Ludlow has been Chief Executive Officer of Airmic since June 2017. John has been a director of Airmic since 2012 and a director of the IRM. Previously, John was SVP and Head of Global Risk Management at InterContinental Hotels Group (IHG). This was preceded by 15 years of senior operational leadership in hotels, restaurants and pubs. John is a Certified Fellow of the Institute of Risk Management, Visiting Fellow at Oxford Brookes University, Governor at Downside School and Trustee of the Anti-Modern Slavery Alliance.
John Ludlow has been Chief Executive Officer of Airmic since June 2017. John has been a director of Airmic since 2012 and a director of the IRM. Previously, John was SVP and Head of Global Risk Management at InterContinental Hotels Group (IHG). This was preceded by 15 years of senior operational leadership in hotels, restaurants and pubs. John is a Certified Fellow of the Institute of Risk Management, Visiting Fellow at Oxford Brookes University, Governor at Downside School and Trustee of the Anti-Modern Slavery Alliance.
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Upon completion of the programme, participants will be awarded a verified Digital Certificate by Imperial College Business School Executive Education.
Note: As a live executive education programme, participant attendance and contribution is key to the learning experience and value of the programme. As such, participants are require attend 80% of the live sessions to receive their Certificate.