Further Particulars
Professors (Full, Associate, Assistant) in Finance Finance Group
Imperial College Business School
The College
Imperial College London consistently achieves one of the highest rankings
nationally and internationally, as listed in the Times Higher QS World
University Rankings 2010-2011.
The Rector, Sir Keith O’Nions FRS, is the College’s academic head and chief
executive officer. The Chairman of the Court and Council is Baroness Eliza
Manningham-Buller.
The Mission
Imperial College embodies and delivers world class scholarship, education
and research in science, engineering and medicine, with particular regard to
their application in industry, commerce and healthcare.
We foster
interdisciplinary working within the College, and collaborate widely externally.
Strategic Intent
The College’s vision and intent is to:
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Continue to be a world-leading institution for scientific research and
education,
To harness the quality, breadth and depth of our research capabilities
to address the difficult challenges of today and the future,
To develop the next generation of researchers, scientists and
academics,
To provide an education for students from around the world that equips
them with the knowledge and skills they require to pursue their
ambitions,
To make a demonstrable economic and social impact through the
translation of our work into practice worldwide,
To engage with the world and communicate the importance and
benefits of science to society.
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Formation and History
Imperial College was established in 1907 in London’s scientific and cultural
heartland in South Kensington, as a merger of the Royal College of Science,
the City and Guilds College and the Royal School of Mines. St Mary’s
Hospital Medical School and the National Heart and Lung Institute merged
with the College in 1988 and 1995 respectively.
Charing Cross and Westminster Medical School and the Royal Postgraduate
Medical School merged with the College on 1 August 1997 to form, with the
existing departments on the St Mary’s and Royal Brompton campuses, the
Faculty of Medicine.
The Kennedy Institute of Rheumatology joined the Faculty of Medicine in
2000. The integration of basic science research and clinical facilities is
unique in rheumatology in Europe.
In 2007, the Imperial College Healthcare NHS Trust, was formed by merging
Hammersmith and St Mary’s Hospitals’ NHS Trusts with the College, forming
the country’s largest NHS Trust. This also established the UK’s first Academic
Health Science Centre (AHSC) bringing together healthcare services,
teaching and research for maximum synergistic benefits.
Imperial College was an independent constituent part of the University of
London until July 2007, when it was granted a new royal charter declaring it
an independent university in its own right.
The academic structure of Imperial College is divided into three faculties, the
Faculties of Engineering, Natural Sciences and Medicine. The College’s other
major academic unit is the Business School.
Staff and Students
The academic and research staff of 3,322 includes 68 Fellows of the Royal
Society, 68 Fellows of the Royal Academy of Engineering, 78 Fellows of the
Academy of Medical Sciences, one Fellow of the British Academy, four
Crafoord Prize winners and two Fields Medalists. Fourteen Nobel Laureates
have been members of the College either as staff or students.
The College has 14,001 students, of whom 36% are postgraduate. 29% of
students come from outside the European Union. External assessment of the
College’s teaching quality in many different subject areas has been judged to
be of high standard. The proportion of women students has increased to 36%
of the total.
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Research
The quality of the College’s research has been consistently judged to be of
the highest international standard and the proportion of income from research
grants and contracts is one of the highest of any UK university.
The concentration and strength of research in science, engineering and
medicine gives the College a unique and internationally distinctive research
presence.
Generous support for the College’s work comes from a wide variety of
sources. From industry there are donations towards certain senior academic
posts, advanced courses, bursaries and scholarships. The single largest
contribution to the College from industrial concerns is in the form of contracts
to carry out research. The College also gains considerable support from
research councils and charities to undertake research.
Teaching and Learning
The College’s overall educational aim is to ensure a stretching and
exhilarating learning experience and, while maintaining its traditional
emphasis on single honours degree courses, it also aims to give students the
opportunity to broaden their experience through courses relevant to student
and employer needs.
In its MSc course provision, the College seeks to provide a wide range of
specialist courses in areas in which it has particular expertise. Many of those
offered by non-medical departments emphasise the valuable interaction
between scientific/technological training and industrial experience, whilst
those offered by the medical departments focus on subjects at the interface
between basic science and medicine and on specialist education for doctors
and other health professionals in training.
In addition, the College’s wide
range of PhD programmes reflect its aim of pursuing research at the frontiers
of scientific, engineering, management and medical knowledge and the
increasingly interdisciplinary nature of this research.
The Centre for Educational Development raises and consolidates the profile
of learning, teaching and educational development throughout the College.
Newly-appointed non-clinical lecturers must enroll on the Certificate of
Advanced Study for Learning and Teaching, and there are many learning and
teaching activities for more experienced staff.
The Graduate School of Life Sciences and Medicine is the focus of
postgraduate education and research in these areas. It maintains, enhances
and monitors quality, and disseminates best practice, whilst initiating and
developing new programmes, particularly those with an interdisciplinary slant.
The Graduate School of Engineering and Physical Sciences (GSEPS) is the
focus for postgraduate education and research in the Engineering and Natural
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Science faculties and has quality assurance responsibilities for the two nonfaculty departments: Humanities and the Business School.
The College’s teaching quality is audited regularly, both internally and
externally. Recent external audit found teaching quality to be of a high
standard.
Location
The College now has one of the largest operational estates of any UK
University. It includes six central London campuses, the main South
Kensington campus, the Charing Cross campus, the Chelsea and
Westminster campus, the Hammersmith campus, the Royal Brompton
campus and St Mary’s campus.
Silwood Park, a postgraduate campus at Ascot in Berkshire, houses the
Ecology and Evolution Section of the Biology Division, in the Department of
Life Sciences. The successful Master’s courses in Crop Protection, Forest
Protection and Ecology, Evolution and Conservation are run at
Silwood together with the newly created Master’s course in Conservation
Science, and there is a thriving postgraduate community. The campus houses
excellent research facilities and a wide range of natural environments. The
NERC funded Centre for Population Biology is also based at Silwood,
together with a Business Centre.
IMPERIAL COLLEGE BUSINESS SCHOOL
Imperial College Business School provides world class teaching and research
at the heart of Imperial College London. Our research-led institution fosters
excellence in a diverse and supportive community.
In addition to MBA degrees (full-time, part-time and distance learning) we
offer MSc programmes in Management, International Health Management,
Finance, Actuarial Finance, Risk Management, Financial Engineering,
Strategic Marketing and Innovation, Entrepreneurship and Management. We
have a thriving Doctoral Degree (PhD) programme.
We have well-established, ongoing research interests in operational research,
quantitative finance, organisational behaviour and healthcare management,
accounting and finance, innovation, venturing, marketing, strategic
management, and economics. A common theme of this research is the
improvement of corporate performance in the management of change and of
new work and technological processes. It facilitates collaborative research
with members of the College working in engineering, science and medicine
who are developing new patterns of work and technologies.
Since 2003, ICBS has grown substantially, with major investment by Imperial
College. Reflecting Imperial strengths in maths, technology, & medicine, ICBS
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is organized into 4 groups – Finance, Innovation & Entrepreneurship,
Healthcare Management and Organization & Management.
The Finance Group
The Group is very active in mainstream and quantitative finance research and
has particular strengths in corporate finance, derivative pricing, capital
markets research, actuarial finance, risk management and financial
econometrics. The Group aims to build highly active research groups in these
disciplines.
The Group's research is brought together under the auspices of the Risk Lab
(http://www3.imperial.ac.uk/riskmanagementlaboratory), which provides a
meeting place for researchers across these disciplines and a set of common
services to the Group as a whole.
The Group seeks to carry out research which is both excellent and relevant,
and faculty have close links with financial firms through long standing
consulting relationships and with many central banks and governments across
the world.
Innovation and Entrepreneurship
This Group provides the focus for our work on Innovation and
Entrepreneurship. In Innovation much of our research is focused in the
Innovation Studies Centre.
Created in 2002, this Centre is an interdisciplinary centre which has
substantial grant income. The core research of the Centre focuses on
technological innovation with a particular emphasis on engineering, design,
science-based industries,
on the health technology and on the built
environment. It has a number of strategic corporate partners with whom it
works closely and a wide corporate network with whom it interacts. The most
significant corporate partners at the moment are Arup, Atkins, Willmott Dixon
and Laing O’Rourke. New collaborative relationships are being developed
with GSK, OOC, IBM, CSC and BP. In addition the Centre has a much wider
network of several dozen partners with whom it works on individual projects
and a wider network of over one thousand companies who participate in key
events and dissemination activities. It also collaborates with researchers in a
number of leading universities worldwide.
Healthcare Management
The Healthcare Management Group works closely with Imperial’s facilities of
medicine and engineering. Its research is principally in four areas: health
economics, well being, public health and healthcare infrastructure.
The group currently enjoys support from major grants in public health and
healthcare infrastructure (where it leads a £7 million multi-university project on
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innovation and healthcare infrastructure). It also contributes to the Masters in
International Health Management programme, and to MBA and Masters in
Management programmes.
The Organization and Management Group
The Organization and Management Group is a diverse group of scholars
covering many of the traditional management disciplines such as strategy,
organizational behaviour, operations research, marketing, and economics.
The Group’s research covers a number of areas, including radical innovation
in hi-tech contexts such as e-commerce, banking, pharmaceuticals and
biotechnology; and the strategic ramifications of technology evolution in digital
consumer goods. Other researchers focus on more eclectic topics such as the
role of economic and political forces in shaping welfare state institutions, the
management of professional service firms, and developing computationally
efficient algorithms to enable the use of optimization based decision support
systems in operational planning and scheduling of resources.
Doctoral Programme
The School has a large and active Doctoral Programme. Bursaries, Graduate
Assistantships and Teaching Assistantships are available for most students.
Executive Education
The School has a rapidly growing programme of Executive Education for
major companies, such as BP, Laing O’Rourke, Finmeccanica, and RBS; for
leading global consultancies such as Arup; and for prestigious scientific
organizations, such as the UK Royal Society.
THE POST
Persons appointed to these positions will be expected to:
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Enhance research in the Business School by publishing in top journals
Attract external research funding
Supervise PhD students
Support and develop the teaching of the School
Contribute to administration of the School
Participate in the School’s internal life and enhance its external
reputation.
Job descriptions cannot be exhaustive. A post-holder may be required to
undertake other duties broadly in line with above key responsibilities.
All post holders are expected to comply with all College policies and
regulations - Health and Safety, Financial Regulations, Data Protection etc.
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Imperial College is committed to equality of opportunity and to eliminating
discrimination. All employees are expected to adhere to principles set out in
the Equal Opportunities in Employment Policy, Promoting Race Equality Policy
and Disability Policy and all other relevant guidance/ practice frameworks.
Person Specification:
PhD or equivalent qualification in a relevant subject area is a pre-requisite
Excellent teaching experience, with a track record of successful PhD
supervision
Evidence of grant applications, with a track record of income generation
A proven, independent research agenda, which has produced research with
a high impact
Evidence of research leadership internationally
A continuing stream of world-class publications confirming international
reputation; with several publications in different sub-fields of finance, in
journals included in the list of the Financial Times 45 top journals
Successful contribution to administration
A summary of the Person Specification for Professorship posts is outlined
below:
Roles at this level reflect internationally recognised leadership and a
substantial and sustained reputation in research and education by outstanding
contributions to its advancement. In research, there will be a sustained
international reputation based on an extensive track record of research with a
major influence on the discipline or profession and a significant impact shown,
for example in sustained influence on research income. In education,
specialists at this level will have broadened and deepened their impact on
teaching methods and systems, both internally and externally and there will
be evidence of creative and scholarly work which has had a significant impact.
For either role, there will generally be significant leadership responsibilities on
behalf of the department and/or the College and a significant management
contribution.
Salary and Conditions of service
A full set of terms and conditions, including important Imperial policies that
affect staff, will be issued to successful candidates.
The School expects to recruit academics of international standing and pays
competitive salaries. Individual salary is a matter for negotiation with the
Principal of the Business School. Deductions in respect of income tax and
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National Insurance contributions will be made from salary at the statutory
rates.
All academic employees are eligible for the occupational pension scheme, the
Universities Superannuation Scheme (USS) into which the College
contributes on employees’ behalf. A contribution is also made by employees.
If they wish, staff may also receive private medical insurance at a
considerably discounted rate.
Academic staff will normally take annual leave during College vacations and
by arrangement with their Group Head, in the light of academic and
departmental/divisional requirements. Annual leave entitlement is 39 days for
full time staff (pro rata entitlement for part time staff). This is inclusive of 8
days for Public holidays and 6 days each year when the College is closed
over Easter and Christmas.
When Christmas Day falls on a weekend, annual leave entitlement may be
increased to 40 days for full-time staff (again pro-rata for part-time staff).
Unless stated otherwise in the offer of employment, or agreed by the Principal
of the Business School, the appointment may be terminated by either side by
giving a minimum of three months’ notice in writing. The last day of service
should fall on one of the following dates: 31 December; 31 March; 30 June or
30 September or at the end of a term by agreement with the head of
department/division.
Imperial provides an allowance to cover initial moving expenses. The post
holder will be required to repay these expenses in full if the post holder
unilaterally resigns within two years of initial appointment.
All new staff have a probation period, or training and development review
period in the case of Lecturers and Senior Lecturers (Clinical and Non
Clinical) & Assistant Professors.
Appointments for non-clinical Lecturers/Assistant Professors have a training
and development review period of 3 years and appointments for clinical
Senior Lecturers have a training and development period of 5 years.
All other appointments have a probationary period of six months.
Staff on a fixed-term contract will receive notice of the ending of their
employment within that contract. No further contractual notice will be given
unless the contract is to end prior to the end date specified in the offer of
employment.
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Applications
Applications should be sent by email to financerecruitment@imperial.ac.uk;
no paper applications will be accepted. Please send a CV, a sample of up to
two recent papers and three letters of reference; please zip your documents
before sending. Candidates shortlisted to the interview stage will be asked to
download
an
application
form
from
our
website
http://www3.imperial.ac.uk/business-school/aboutus/jobopportunities
where
you can also get further information about these positions.
Your CV should include information such as:
a) Applicant’s full name, address for correspondence and telephone
number(s)
b) A confidential fax number and e-mail address, where possible
c) Degrees (including Universities and dates)
d) Past and present posts
e) List of publications
f) Brief description of future research plans
g) Information on research grants and contracts which have been
obtained, student supervision, including PhD supervision
i) Evidence of esteem, external visibility and professional activities, etc
j) Management, administrative and any other relevant activities
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