Key information
Programme Overview
In today's dynamic business environment, geopolitical instability and emerging risks pose a significant challenge for executives.
Designed and delivered by Executive Education Imperial College Business School, our Risk Management course equips you with the knowledge and tools to navigate uncertainty and make informed decisions.
The programme is expertly designed to help you future-proof your strategies by gaining a deep understanding of risk management principles to effectively address geopolitical and economic uncertainties.
You will learn how to identify, measure and manage risks across both financial and non-financial risk categories, including climate and information risks. Through a hands-on simulation at Imperial’s Carbon Capture and Storage (CCS) facility, you will gain practical experience in managing operational uncertainties and crisis response, enhancing your decision-making skills under pressure. Additionally, a visit to our state-of-the-art Data Observatory will provide valuable insights into big data analytics and predictive risk management.
Throughout the programme, you will look at both qualitative and quantitative approaches to risk management, evaluating the strengths and weaknesses of different risk measures and scenario analysis. You will also examine the impact of behavioral biases on decision-making, and address emerging risks, such as cyber threats and climate change, offering practical insights into real-world challenges and advanced risk management strategies.
Discover how to overcome biases and achieve successful risk management. Join us on this journey and gain the knowledge and skills needed to excel in the fast-paced world of risk management.
Who should attend?
The Imperial Risk Management programme blends the latest quantitative research and the practice of intelligent risk management strategies to expand your understanding and managerial capabilities.
The programme convenes a breadth of executives from diverse geographies, industries, sectors and functions, including:
- Finance managers aiming to refine their understanding of risk regulation and practice.
- Risk/portfolio managers seeking to optimise capital allocation across multiple investments
- Consultants aspiring to broaden their expertise in risk management techniques and tools
- Managers and senior managers responsible for setting and implementing strategic direction within their organisations
- Leaders responsible for risk, resilience, business continuity, or crisis management looking to elevate their strategic thinking on resilience to a more advanced level.
- Entrepreneurs who need to manage the risks associated with establishing and growing their business.
Learning objectives
You will emerge from the programme with the understanding and the refreshed capabilities to:
- Explore recent trends in risk management in both corporate and financial sectors by analysing industry developments and emerging practices.
- Identify and mitigate individual behavioural and organisational biases to implement optimal risk management strategies effectively.
- Assess risk management practices and frameworks and apply them to real-world industry contexts.
- Identify and apply statistical knowledge and tools for effective risk management.
- Master strong foundations for statistical knowledge and the tools of effective risk management,
- Analyse innovation in risk management practices arising from paradigm shifts in insurance, asset management and global banking.
- Explore the role of corporate governance and its link to risk.
- Discover how to manage risk in complex and derivative portfolios, and the strategies and techniques to manage exotic risks such as climate change risks.
Learning Journey
Your learning is enriched by insights from faculty, industry leaders and real-world case studies that help translate concepts into practice.
Imperial’s Risk Management programme challenges you to think critically and creatively about risk.
Build Risk Foundations
Day 1 focuses on laying a solid foundation, starting with brief introductions and setting expectations for the programme. Participants explore the evolution of risk management, risk culture, and enterprise risk management. The day concludes with the introduction of Learning Labs to identify key takeaways and personal risk leadership challenges.
Adopt an Analytical Mindset
Day 2 emphasises adopting an analytical mindset, beginning with reflections on the previous day. You will delve into core statistical techniques, risk finance, and risk simulation exercises in the Carbon Capture Lab. These activities bridge theory and practice, enhancing your ability to apply insights to personal risk challenges.
Embrace the Finance Sector
Day 3 is dedicated to understanding the finance sector, with sessions on bank risk management, market risk, and insurance practices. Through case studies and discussions, you will learn how financial sector risks impact businesses and apply these insights to your own risk challenges.
Facing Key Risks Today and Tomorrow
Day 4 addresses key contemporary risks, including exotic risks, information risk, and the implications of machine learning and AI. You will explore carbon markets and sustainability challenges, concluding with discussions on applying these insights to personal risk challenges.
Risk Management in Practice
Day 5 focuses on practical risk management, featuring sessions on risk leadership, operational risk, and peer group learning labs. You will work on real workplace challenges, receive feedback, and review key takeaways before the programme concludes.
Programme Faculty and Experts
Steve Marshall
Steve is an experienced developer of senior leaders with 30 years’ experience which covers organisation development, leadership, and strategy implementation.
Steve held corporate roles in UK retail and global banking businesses covering UK, Asia, Middle East, and the Americas. His work has covered both the behavioural and technical aspects of leadership including sustainability, risk and creating economic value.
He now works with leading business schools and leadership development companies as programme director, facilitator and subject expert in leadership and learning design. Clients have included leading global brands in retail, manufacturing, financial services,and logistics.
His education is in Economics, Human Resource Management and he holds a Masters in Individual and Organisation Development. He holds Fellow status with the Chartered Institute of Personnel and Development in the UK.
Professionally Steve has worked in HR, marketing, governance and post-acquisition roles, as well as specialist global roles in learning, talent development and succession, performance management and job design.
Robert Kosowski
Professor of Finance and Head of the Finance Department at Imperial College Business School
Professor Kosowski is a research fellow at the CEPR and an associate of the Oxford Man Institute. Previously he was Head of Quantitative Research at a £20 billion asset management firm and specialist adviser to the UK House of Lords.
Professor Kososwki’s research has been published in the Financial Times and Wall Street Journal.
Enrico Biffis
Associate Professor of Actuarial Finance at Imperial College Business School
Enrico Biffis is Associate Director for Development Finance at the Brevan Howard Centre for Financial Analysis. He has collaborated extensively with industry and been the recipient of grants and awards for his research on the modelling and hedging of large risks.
Enrico Biffis has expertise in risk analysis, asset-liability management, and the design of predictive analytics and risk management tools for a variety of asset classes.
Paolo Zaffaroni
Professor in Financial Econometrics at Imperial College Business School
Paolo Zaffaroni holds a summa cum laude degree in economic statistics from Roma and holds a Ph.D. in Econometrics from the London School of Economics. He also teaches at the University of Rome La Sapienza and has previously taught at the London School of Economics and at the University of Cambridge.
His main research interests are empirical asset pricing, portfolio choice, financial econometrics, and econometric theory.
Didier Michoud
Chief Risk Officer of the Unigestion Group
Didier Michoud began his career with Lloyds TSB Bank in Switzerland. He has served as Risk Manager and Deputy to the Chief Risk Officer for Banque Cantonale de Geneve, Senior Manager of Economic Capital with the Banque Laurentienne du Canada, and Senior Quantitative Analyst for EIM, S.A. where he went on to become Head of Risk Management.
Jose Ribeiro
Independent Non-executive Director, Starr Companies and the Hansard Group
Seasoned CEO/Chairman, based in London, with a demonstrated history of working in financial services globally. Has been an executive board member in a variety of jurisdictions around the world (UK, EU, HK, China, Brazil, Bermuda and Singapore). Skilled in managing P&C and Life insurance companies as well as insurance brokers with a global footprint. Has a MSc in Applied Mathematics and an MBA in International Business Management. Jose is the Chairman of the Board at Starr Insurance Companies; Chairman of the Board at Yurtle and Senior Independent Director (SID) and Chairman of the Remuneration Committee at Hansard Global.
Audrey Goldstein
Audrey Goldstein joined Standard Chartered in 2018. She is part of the Carbon Market Development team, helping the bank develop its capabilities and drive innovation in the voluntary market space through its wide connectivity and market expertise.
Having started her career at Commerzbank in 2010, Audrey has over 10 years of experience in structuring complex deals in the commodity space. She has a deep knowledge of the energy, metal and carbon markets. She has led several complex transactions for various types of clients including financial institutions, governments, supranational and blue-chip corporates globally.
More recently, Audrey worked in the Client Analytics team to provide bespoke analysis helping clients with their financial market risks in the commodity and sustainability sectors.
She now leverages this wealth of experience to develop innovative and relevant carbon solutions for our clients while driving the bank’s efforts to be a leader in scaling voluntary carbon markets globally.
In parallel, Audrey is also co-chair of IETA’s International Working Group, which engages on all aspects of international climate policy, with a particular focus on the establishment of supra-national carbon pricing mechanisms and the implementation of Article 6 in the Paris Agreement.
Audrey holds a Master degree in Risk & Asset Management from EDHEC Business School in France.
Rochelle Lucas
Rochelle has spent the last three years at the London Stock Exchange Group as the Chief Risk Officer and more recently the Chief Operating Officer for Capital Markets. In these roles she is responsible for embedding risk management within the business. This includes driving improvements in risk culture, managing financial and non-financial risk and managing governance at an Executive and Board level.
Prior to joining LSEG, Rochelle was the Chief Control Officer for the Commercial Bank at HSBC. At HSBC, Rochelle built out the risk framework across several areas including third party, technology, cyber and model risk. Prior to that, Rochelle spent 15 years at Goldman Sachs in London, Bangalore, Sydney, and New York, with leadership roles in Operational Risk, Internal Audit, and program delivery.
Hamed Haddadi
Hamed is the Professor of Human-Centred Systems at the Department of Computing at Imperial College London. He also serves as a Security Science Fellow of the Institute for Security Science and Technology. In his industrial role, he is the Chief Scientist at Brave Software where he works on developing privacy-preserving analytics protocols. He is interested in User-Centred Systems, IoT, Applied Machine Learning, and Data Security & Privacy. He enjoys designing and building systems that enable better use of our digital footprint, while respecting users' privacy.
Zbigniew Kominek
Zbigniew Kominek is the Managing Director, Head of Finance at the European Bank for Reconstruction and Development (EBRD) in London. He is responsible for financial and operational planning, financial policies, budget and financial reporting.
Zbigniew joined the EBRD in 2003 and worked in several roles in the Office of the Chief Economist and the Risk Management department, including as the Director, Risk Policy and Analytics in charge of quantitative risk models, model validation, stress testing, risk data analysis and risk policy framework. Prior to joining the EBRD, he worked as an economic consultant on regulation of network utilities and competition issues in the UK.
Zbigniew holds a PhD in Economics from the University of Leicester (UK), master degrees in Finance and Quantitative Analysis from the Warsaw School of Economics (Poland) and an MBA from the Booth School of Business at the University of Chicago. Zbigniew’s research has been published in leading journals, including the Journal of Finance and the Journal of Applied Statistics.
