EXECUTIVE EDUCATION

Risk Management

Engage with Imperial faculty live online

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Course Dates
STARTS ON

8 January 2021

Course Duration

DURATION

8 weeks
5-7 hours per week

Course Duration

PROGRAMME FEE

£2,200

Course Information Flexible payment available
Note: Live teaching sessions begin after the orientation week. Please download the brochure for the session schedule.

Orientation week: You will have access to the learning platform from the programme start date. There will be no live learning sessions during the first full week, though you will have the opportunity to familiarise yourself with the learning platform and prepare for the programme ahead.

Why Enrol for the Risk Management Programme?

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

Lloyds Banking Group is investing £3 billion in technology to grow its operational resilience and mitigate risks.

SOURCE: Financial Services Risk and Compliance Trends in the Post- Pandemic World, Infosys, 2020

About Imperial Virtual Programmes

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

Who Is This Programme For?

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

What You Will Learn

Module 1:

Introduction to Risk and Decision Making Under Uncertainty

Recognise the importance of good judgement, perception and appreciation of risk, risk appetite, and role and responsibility.

Module 2:

Foundations of Risk Measurement 1

Review and create a level playing field in terms of knowledge of statistics and related tools that are important for risk management.

Module 3:

Foundations of Risk Measurement 2

Understand basic rules of probability and measures of tail risk and learn to apply linear regression models.

Module 4:

Foundations of Risk Finance Theory 1

Learn from an industry expert how to view risk management decisions, projects or investments as a portfolio of risks.

Module 5:

Foundations of Risk Finance Theory 2

Understand the distinction between risk that can and cannot be diversified and learn how to risk-adjust performance measures.

Module 6:

Financial Markets and Instruments 1

Learn to use futures, forwards, swaps and options to hedge equity, interest rate, commodity and currency risk.

Module 7:

Financial Markets and Instruments 2

Understand asset liability management (ALM) for banks, asset managers and corporates and how to use derivatives in ALM.

Module 8:

Insights from the Chief Risk Officer of an Asset Management Company

Learn from the Chief Risk Officer of a $20 billion asset management firm how to build a risk department from scratch.

Module 9:

Market Risk Management 1

Understand risk measures such as expected short-fall and Value at Risk (VaR) and how to apply them.

Module 10:

Market Risk Management 2

Learn nonparametric and Monte Carlo VaR models, and understand and apply scenario analysis and stress testing.

Module 11:

Risk Management of Complex Portfolios

Learn how to manage risk in complex and derivative portfolios, and how to manage exotic risks such as climate change risks.

Module 12:

AI and Exotic Risk Management

Explore the use of some AI tools in risk management and discuss exotic risk case studies.

Module 13:

Credit Risk Management

Learn how to measure and manage credit risk, and what credit default swaps are and how to use them.

Module 14:

Counter-Party and Funding Risk

Understand how to manage counter-party risk and how to calculate CVA, DVA, KVA and XVA.

Module 15:

Risk Management and Insurance Markets

Learn from an experienced insurance executive the principles of risk management in insurance markets.

Module 16:

Communicating Risk

Learn how scenario planning can contribute to better foresight, and how to communicate risk effectively to different audiences.

Module 1:

Introduction to Risk and Decision Making Under Uncertainty

Recognise the importance of good judgement, perception and appreciation of risk, risk appetite, and role and responsibility.

Module 9:

Market Risk Management 1

Understand risk measures such as expected short-fall and Value at Risk (VaR) and how to apply them.

Module 2:

Foundations of Risk Measurement 1

Review and create a level playing field in terms of knowledge of statistics and related tools that are important for risk management.

Module 10:

Market Risk Management 2

Learn nonparametric and Monte Carlo VaR models, and understand and apply scenario analysis and stress testing.

Module 3:

Foundations of Risk Measurement 2

Understand basic rules of probability and measures of tail risk and learn to apply linear regression models.

Module 11:

Risk Management of Complex Portfolios

Learn how to manage risk in complex and derivative portfolios, and how to manage exotic risks such as climate change risks.

Module 4:

Foundations of Risk Finance Theory 1

Learn from an industry expert how to view risk management decisions, projects or investments as a portfolio of risks.

Module 12:

AI and Exotic Risk Management

Explore the use of some AI tools in risk management and discuss exotic risk case studies.

Module 5:

Foundations of Risk Finance Theory 2

Understand the distinction between risk that can and cannot be diversified and learn how to risk-adjust performance measures.

Module 13:

Credit Risk Management

Learn how to measure and manage credit risk, and what credit default swaps are and how to use them.

Module 6:

Financial Markets and Instruments 1

Learn to use futures, forwards, swaps and options to hedge equity, interest rate, commodity and currency risk.

Module 14:

Counter-Party and Funding Risk

Understand how to manage counter-party risk and how to calculate CVA, DVA, KVA and XVA.

Module 7:

Financial Markets and Instruments 2

Understand asset liability management (ALM) for banks, asset managers and corporates and how to use derivatives in ALM.

Module 15:

Risk Management and Insurance Markets

Learn from an experienced insurance executive the principles of risk management in insurance markets.

Module 8:

Insights from the Chief Risk Officer of an Asset Management Company

Learn from the Chief Risk Officer of a $20 billion asset management firm how to build a risk department from scratch.

Module 16:

Communicating Risk

Learn how scenario planning can contribute to better foresight, and how to communicate risk effectively to different audiences.

Note: Sessions are held on Tuesdays and Fridays, 9:00 a.m. UK Time. For full session schedule, please download the brochure.

Download Brochure

Programme Faculty

Robert Kosowski

Programme Director

Robert Kosowski is Professor of Finance 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 Times and The Wall Street Journal... More info

Damiano Brigo

Imperial College Business School

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... More info

Enrico Biffis

Imperial College Business School

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, with a focus on applications in the insurance... More info

Paolo Zaffaroni

Imperial College Business School

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... More info

Didier Michoud

Executive Director, Chief Risk Officer and a Chairman, Unigestion Risk Committee

Didier joined Unigestion in August 2013. 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... More info

Garry Honey

Author, Trainer and Founder, Chiron Risk

Garry approaches risk from a psychological perspective using latest thinking from behavioural economics and the ‘politics of fear’. Although often treated as compliance obligation, risk reporting offers an opportunity to explore fears of future unknowns, a major cause of risk aversion in boards... More info

José Ribeiro

Independent Non-executive Director, Starr Companies and the Hansard Group

José has over 30 years of experience in the financial services industry globally. He started his career with American International Group (AIG) in 1986 as a Life and Pensions actuary and spent his first 16 years in the Life and non- Life (re) insurance industries working with AIG and Munich Re... More info

Certificate

Certificate

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 required to attend (or watch recordings of) 80% of the live sessions to receive their Certificate.

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Early registrations are encouraged. Seats fill up quickly!

Flexible payment options available. Click here to learn more.