Energy Risk Management

By the end of this training course, the participants will be able to:

• Develop energy risk management methods and frameworks
• Identify, analyse and measure risk
• Establish suitable risk management structures
• Apply globally accepted risk management practices
• Confidently discuss risk and risk management in the context of an energy business
• The use and applicability of energy trading and risk management systems
• Risk’s role in value creation and sustainable business

This training course is fast-paced, highly interactive and participatory, and it will be delivered through a combination of presentations, group discussion, role-play and group exercises. This training course is rich in case studies and examples. Multimedia presentations will feature video case studies and the opportunity to hear experts from a variety of disciplines.

The organisational impact will be as the following:

• The capacity and confidence for developing long-term energy risk management strategies
• A basis for establishing a common understanding of risk management, including risk terminology and frameworks
• Bringing insight and understanding of the relationship between financial and non-financial risks for energy companies
• How to develop forward-looking indicators to manage risk proactively
• An understanding of the various risk mitigation strategies, tools, techniques, and approaches to ensure risk-taking is within acceptable limits
• Awareness of risk management’s role in driving forward operations, performance, and strategies
• How to approach establishing and monitoring risk appetite and risk tolerance
• Insight to the use of risk / ERM / ETRM technologies as part of the overall risk management architecture

Upon completion of this Energy Training Centre course, the delegates will gain:

• A clear understanding of energy risk management
• A sound basis and knowledge of risk management in its role in decision making
• An appreciation of the various types of risk in the energy business
• An understanding of risk’s role in the energy sector
• The skills needed to participate in meaningful risk management and strategy discussions confidently

This training course is suitable to a wide range of professionals but will greatly benefit: 

• Managers
• Financial Managers
• Energy Strategic Planning & Investment Teams
• Energy Transition Teams
• Operation Managers
• Purchasing Managers
• Risk Management Managers
• Risk Champions
• Energy Analysts
• Project Teams
• Energy Plant Operations Management
• Marketing Managers
• Health, Safety, & Environment Staff
• Energy industry employees with interest in risk

DAY ONE: OVERVIEW OF ENERGY RISK MANAGEMENT 

• Introduction to Risk & Risk Management
• Risk Management Standards
• Key Definitions
• Critical Success Factors for Risk Management
• Organisational Risk Attitudes (Risk Culture)
• Organisational Structures
• Risk Roles and Responsibilities
• Risk and Strategy
• Culture

 DAY TWO: RISK MANAGEMENT CATEGORIES 

• Financial Risks
  • Market risk
  • Credit & counter-party risk
  • Liquidity risk
  • Limit management
• Operational Risks
• Systemic Risks
• Emerging Risks
• Strategic Risks

 DAY THREE: RISK REPORTING & MITIGATION 

• Understanding Materiality
• KRIs
• Developing Risk Reports
• Risk Mitigation & Controls
• Aligning Opportunities, Strategy, and Risk
• Integrating Risks Across the Energy Business
• Risk Management Accountability & Ownership

 DAY FOUR: APPLYING RISK PRACTICES TO THE ENERGY BUSINESS 

• Comparison of Risk Practices across Sectors
• Risk Management’s Role in Strategic Management and Value Creation
• Leveraging existing Operational Risk Management as part of ERM
• Risk Accountability Structures
• Tools and Techniques
• Aligning Risk, Compliance, & Regulation

 DAY FIVE: ENERGY TRADING 

• Energy Trading: What, Where, and How?
• Overview of Energy Trading and Risk Management
• Energy Trading and Risk Management Systems
• Integration of technology as part of the risk architecture
• ERM Systems
• Dealing with Energy Trading
• ESG: The new frontier for risk
• The Future - Risk and Value Creation