Risk Measurement, Modelling and Controls - FTBOII 

CPE Credits Awarded: 8
Categories: Trading, Derivatives, Hedging and Risk Management

Course Date Duration Venue Price Register by Date Register
20 Mar 2018 1 Day Calgary TELUS Convention Centre Country: ca
$ (USD) 1,170.00+5%GST
16 Feb 2018
23 May 2018 1 Day Houston, TX Country: us
$ (USD) 1,170.00
20 Apr 2018
02 Nov 2018 1 Day Calgary TELUS Convention Centre Country: ca
$ (USD) 1,170.00+5%GST
28 Sep 2018

Silver Course This course offers in-depth coverage of systems requirements, credit risk management best practices, risk and performance measurement, and a strong focus on capital adequacy issues. Subject areas covered include recent developments in regulatory and legal compliance, and ethics. Delegates will analyze case studies to explore examples of control inadequacies leading to liquidity crises, market manipulation and misuse of leverage.

Includes Online Pre-study Module

This course is accompanied by a preparatory course available online. Delegates will receive a web voucher as part of their joining instructions upon confirmation of registration. By taking advantage of this "blended" learning approach, in-class time and learning are optimized.

Prerequisites

Fundamentals of Energy Futures, Options I - Fundamentals of Energy Options, Introduction to Hedging in Energy Markets, Front to Back Office I: Trading Controls and Best Practices or equivalent experience.

Class delegates include everyone from support staff to management from trading, risk management, operations, accounting, credit, and contracts groups. This one-day workshop is perfect for those concerned with "front office", "mid-office", and "back office" functions for international and domestic energy commodity companies (crude oil, petroleum products, natural gas, electricity and coal) and other commodities (grains, metals, etc.)

  • Review of a best practice organizational structure and key functions
  • Overview of best practice risk system requirements
    • In-house or off-the-shelf?
    • How to evaluate a system
    • Lessons learned from systems implementation
  • Capital Adequacy
    • Credit risk management and controls
      • Calculating credit exposure
      • Portfolio credit risk measurement
      • Forward-looking credit models
      • Determining credit thresholds
      • Key issues with credit and collateral annexes
    • Market price risk management and controls
      • Foundations for risk measures
      • Risk modeling issues
      • Price volatility issues
      • Application and strengths/weaknesses of value-at-risk
      • Other uses of value-at-risk
    • Additional risks to control: operational, regulatory, others
    • Stress Testing
      • Types of stress testing
      • Stress testing versus “at risk” measures
    • Determining adequate capital
      • Key measures of capital adequacy
      • Cash-flow-at-risk
      • Impact of margin (collateral) on working capital
      • Capital adequacy framework
    • Risk adjusted performance measurement
    • Determining risk tolerance
  • Regulatory and legal compliance
    • Regulation of trading and market manipulation
      • Overview of regulatory organizations
      • Market manipulation defined
    • Dodd-Frank Act
      • Overview of the new regulatory regime
      • Swap Dealers and Major Swap Participants
      • End user exemptions
      • Clearing, margining, reporting and credit risk issues
      • Implications of Dodd-Frank
  • Ethics
    • Definitions
    • Shades of gray
    • Organizational perceptions
    • Ethics in energy trading

Faculty

Larry G. Lawrence, President of Enterprise Risk Consulting, LLC, has 25 years of experience in energy risk management and trading. His experience includes financial trading in energy and equity markets, risk management and trading consulting, derivatives portfolio management, technical and options analysis, corporate education, advisory service publishing, and institutional sales.

Testimonials

If you have attended a past course please provide us with some feedback.

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