2. Contents
03 Introduction
06 Finance for Non-Finance Managers
08 The Integration of Finance and
Strategy for Value Creation
10 A Complete Course in
Risk Management
12 Our faculty
15 Contact information
The programme was very well
organised and we had excellent
teachers who really brought the
subject to life through interesting
case studies, which made me want to
learn more. It was also a pleasure to
interact with other professionals from
all over the world, which made for a
highly enjoyable experience.
2
3. All of our programmes explore the very latest financial and risk-related
theories, deliver practical skills and put them to the test in real-world
contexts. You’ll also tap into innovative thinking outside the financial
bubble. We’ll hear from world-leading experts in mathematics, science
and other related fields about how their worlds are impacting yours.
It’s all too easy to follow the same old processes. But, with the world
changing at an unprecedented pace, shouldn’t the way we work be
evolving with it? It’s time to shake off the shackles of tradition and
consider fresh ways of thinking.
That’s where our finance programmes come in. Drawing on Imperial’s
century-long tradition of innovation and discovery, we’ve created a safe
yet dynamic environment for you to experiment and explore.
Whether you’re a financial or non-financial executive, you’ll be
challenged to think creatively about finance and risk to make you and
your organisation more competitive and sustainable.
Introduction
3
4. To think differently, you need to learn differently. Through our
immersive Impact Lab™
approach to Executive Education, you’ll
be challenged to unpick your current thinking and exposed to bold,
new ideas.
You’ll go way beyond the classroom. Impact Lab™
is more than an
approach. It’s a series of expert guest speakers, simulations and
provocative, interactive experiences designed to test you in unfamiliar
environments and scenarios.
Take the Performance Simulator at the Royal College of Music. Here,
you’ll be out on your own delivering a speech or report to a demanding
virtual audience. Then there’s the Carbon Capture Lab. This simulation
will see you split into one of two groups: one on a North Sea oil rig and
the other back at the plant on dry land. An alarm goes off and you can
only communicate via email. With the clock ticking and the pressure
mounting, will you and the other team be able to find a solution? How
much risk will you take?
Maybe you will be exposed to the Inflatable Operations Theatre where
you can see surgeons and patients interacting during an operation.
Understanding customers can be learnt in very different ways. We
choose to take you out of your comfort zone and learn by analogy and
through experience – in a more dramatic way than anywhere else
indeed – what a truly customer centric approach is.
This is high-impact learning designed to inspire and get you
thinking differently.
The Impact Lab™
4
Finance Programmes
6. Finance for Non-Finance Managers
Faculty
Franklin Allen
Professor of Finance and Economics
John Percival
Professor of Finance
The programme
In today’s business world, understanding
financial and accounting issues are key
for career progression in any sector.
This programme offers managers who
have no formal financial education or
training the possibility to understand
the key fundamentals of both finance
and accounting on a global scale.
Accounting allows you to get an instant
view on the health of your organisation
whereas finance will give you the tools
to create future value for stakeholders.
Both are the foundations for investment
and operational and financing
decisions. You will interact with peers
from all over the world and develop
your network. Internationally renowned
faculty from Imperial College Business
School ensure that participants are
equipped to understand and to critically
analyse finance in preparation for
making sound business decisions.
Duration: 5 days
Who should attend?
Mid-level managers
Non-finance managers
Industry specialists
Benefits for you
The ability to intelligently
use financial information
Learning the key financial metrics
Understanding the link between
operating decisions and financial results
Acquiring a managerial
accounting foundation
Benefits for your organisation
Transfer of knowledge to
your organisation
Increased efficiencies and profitability
Value creation
Critical thinking
Autonomous decision making
6
Finance Programmes
7. Key topics
Using financial information intelligently
Review of financial statements
Measuring performance
Analysing risk
Using discounted cashflow
Integrating finance and strategy
Financial strategy and capital structure
Creating value
Understanding merger processes
Integrating the current
financial situation
The Impact Lab™
experience
Our Impact Lab™
approach provides
you with the unique experience
of participating in a Performance
Lab session at the Royal College of
Music. You will have the opportunity
to develop your communication
and presentation skills in a risk-free
environment whilst utilising your
newly acquired financial tools.
7
8. The Integration of Finance
and Strategy for Value Creation
Faculty
Franklin Allen
Professor of Finance and Economics
John Percival
Professor of Finance
The programme
Board level decisions are often driven by
financial information. This programme
assists you in understanding the global
context of finance as well as analysing
risk and developing value driven
proposals. Internationally renowned
faculty from Imperial College Business
School ensure that participants are
equipped to understand and to critically
analyse finance in preparation for
making sound business decisions.
Interacting with the board of your
company and external stakeholders
demands sound financial knowledge
of what drives future growth not only
nationally but also internationally. You
will be able to broaden your existing
professional network and interact with
peers from all over the world.
Duration: 3 days
Who should attend?
Senior managers
Directors
Executives
Business owners
Future board members
Benefits for you
Appreciating the role of financial
strategy (financing, dividends and
share repurchases) and the link to
operating strategy
Creating value
How to use mergers and acquisitions
to complement and supplement
organic growth
Managing risk
Benefits for your organisation
Transfer of knowledge to
your organisation
Value creation
Strategic decision making
Stakeholder management
8
Finance Programmes
9. Key topics
Creating value
Using discounted cashflow
and its issues
Taking financing decisions
Understanding the current
financial situation globally
Making successful mergers
The Impact Lab™
experience
Our Impact Lab™
approach provides
you with the unique experience of
participating in a Performance
Lab session at the Royal College of
Music. You will have the opportunity
to develop your communication
and presentation skills in a risk-free
environment whilst utilising your
newly acquired financial tools.
10. Faculty
Robert Kosowski
Associate Professor of Finance
Enrico Biffis
Associate Professor of Actuarial Finance
Damiano Brigo
Chair and Co-Head of
Mathematical Finance
David Miles
Professor of Financial Economics
Paolo Zaffaroni
Professor of Financial Econometrics
Markus Krebsz
Interim Chief Risk Officer
The programme
Risk specialists are confronted with
a widening gap between theory and
practice. Effectively practising risk
management requires a broad and solid
foundation of knowledge. This intensive
programme provides delegates with
such a foundation. Beginning with
the essential elements of finance, risk
measurement, markets and financial
instruments, participants are then
introduced to the best practices of
market, credit and operational risk
management. The final sessions focus
on integrating the knowledge gained
into a capital allocation framework and
study of governance best practices.
Duration: 5 days
10
Finance Programmes
A Complete Course
in Risk Management
11. Who should attend?
Chief risk officers and senior
risk management staff
Market, credit liquidity or
operational risk specialists
Regulators, auditors and supervisors
Operations and IT personnel
Financial engineers
Business managers and
middle office personnel
Participants will be expected to have good
quantitative skills.
Benefits for you
Evaluate risk management
frameworks and practices in
an applied industry setting
Critically assess risk management
reports and research
Identify the limitations and the
positive role of risk management
in real-life situations
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 to and with risk
Be able to explain current
governance best practices
Investigate the catalyst role that
regulation currently plays in the markets
Benefits for your organisation
This programme includes a full
day of counterparty and enterprise
risk management
Focus on three different
industries: banking, insurance
and asset management
Key topics
Foundations of risk measurement
Foundations of risk finance theory
Financial markets and instruments
Market risk management
Credit risk management
Operational risk management
Capital allocation
Counterparty and funding risk
Enterprise risk management
The Impact Lab™
experience
Our London location allows us to draw
on highly experienced guest speakers
who are very much thought leaders in
their domain.
With access to Imperial’s innovative
resources, you can experiment with risk
in a safe environment. The Impact Lab™
experience allows you to put theory into
practice and learn differently.
11
12. Enrico Biffis
Associate Professor of Actuarial Finance,
Imperial College Business School
Enrico’s areas of expertise are asset liability
management, with emphasis on risk
analysis and hedging strategies for the
insurance and pensions industry, as well as
alternative risk transfers for large and long
term risks exposures. He is a regular speaker
at academic and industry events, including
Risk Theory Society, Risk Minds Insurance,
and Global Derivatives.
Damiano Brigo
Chair and Co-Head of Mathematical
Finance, Imperial College London
Formerly Gilbart Professor at King’s and
Managing Director of Fitch, Damiano
published 70+ works in mathematical
finance, probability and statistics, and
field reference books in interest rate and
credit modelling. Damiano’s interests
include pricing, risk, credit, funding, and
stochastic models for commodities and
inflation. Damiano holds a PhD in differential
geometric stochastic filtering.
Robert Kosowski
Associate Professor of Finance,
Imperial College Business School
Robert is an associate member of the
Oxford-Man Institute of Quantitative Finance
at Oxford University and a member of AIMA’s
research committee. Robert has consulted
for private and public sector organisations
and has worked for Goldman Sachs, the
Boston Consulting Group and Deutsche
Bank. His policy related advisory work
includes: Specialist Adviser to UK House
of Lords (2009-2010), Expert Technical
Consultant (International Monetary Fund,
USA, 2008).
Franklin Allen
Professor of Finance and Economics,
Imperial College Business School
Franklin is Executive Director of the Brevan
Howard Centre and Professor of Finance
and Economics at Imperial College London.
He is currently on leave from Wharton
School of the University of Pennsylvania
where his role is Nippon Life Professor of
Finance and Professor of Economics.
Our faculty
12
Finance Programmes
13. Markus Krebsz
Interim Chief Risk Officer,
Imperial College Business School
Markus is a Chief Risk Officer and Seasoned
Risk Specialist with more than 20 years
experience in global financial markets,
thereof 15 years in Risk. Ex-Rating agency
analyst and Subject matter expert for Credit
Ratings, Structured Finance and Credit risk.
More recently with an increasing focus on
regulatory compliance, operational, conduct,
systemic risks and cyber security.
Markus is a well regarded speaker and
author/editor of several books and other
technical publications.
14. John Percival
Visiting Professor of Finance,
Imperial College Business School
John is the founder and currently is CEO
of JRP Associates. He taught finance at
the Wharton School of the University of
Pennsylvania from 1971 until June of 2014.
At Wharton, he held the positions of
Adjunct Professor of Finance, Assistant
Professor of Finance and Associate
Director and Associate Vice Dean of the
MBA Programme.
Paolo Zaffaroni
Professor of Financial Econometrics,
Imperial College Business School
Paolo’s main research interests are financial
econometrics and econometric theory
as well as risk management and asset
allocation. His publications include papers
in the Annals of Statistics, the Journal of
Econometrics, the Journal of Time Series
Analysis, the Journal of Empirical Finance,
the Journal of Monetary Economics and
Econometric Theory. He teaches on a
variety of Executive Education programmes.
David Miles
Professor of Financial Economics,
Imperial College Business School
As an economist, David has focused on
the interaction between financial markets
and the wider economy. He was Chief UK
Economist at Morgan Stanley from October
2004 to May 2009. He has been a specialist
economic advisor to the Treasury Select
Committee. In Budget 2003, the Chancellor
commissioned Professor Miles to lead a
review of the UK mortgage market.
14
Finance Programmes
15. Find out more:
Julie Coyne
T: +44 (0)20 7594 2605
E: j.coyne@imperial.ac.uk
W: imperial.ac.uk/business-school/
executive-education
Follow us on social media:
facebook.com/imperialbusiness
@imperialbiz
linkedin.com/edu/school?id=42089
instagram.com/imperialbiz/
16. Disclaimer: While all reasonable
efforts have been made to ensure
that the information in this publication
is correct, matters covered by this
publication are subject to change.
Imperial College Business School
accepts no liability for any loss or
damage caused by errors or
omissions, howsoever caused.
Published December 2015.
Executive Education
Finance and Risk Programmes
Find out more:
Julie Coyne
T: +44 (0)20 7594 2605
E: j.coyne@imperial.ac.uk
Imperial College Business School
South Kensington Campus
London
SW7 2AZ
United Kingdom
