Course description
EMI's Best Practices & Financial Risk
This critical 2-day course will give you an integrated framework to understand various types of financial risk and how to measure, monitor and manage them. Best Practices & Financial Risk provides attendees with a practical yet rigorous understanding of business ethics and reputation risk, compliance and regulatory risk (including Sarbanes-Oxley Act of 2002 and FASB 133 compliance issues), legal risk, systemic risk, operational risk, market risk, liquidity risk and credit risk. In addition, the course covers tools for managing market risk (including Value-at-Risk and stress testing), implementation of broad-based and specific best practices and trading controls. Finally the course provides detailed case studies of both failures in trading controls as well as a SOX compliance case study.
The course is designed to help management, traders, risk managers and backoffice personnel in the energy industry gain a thorough understanding of what these financial risks are and how they can be managed successfully.
This course is worth 14 CPE credits and 6 EMI credits.
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Training content
By gaining a thorough understanding of these various types of financial risk as well as the tools used to monitor and manage these risks clients can identify and avoid the pitfalls that led to spectacular disasters both within and beyond the energy industry. Consequently it is vital for corporate officers, back office personnel, traders and risk managers to be knowledgeable about the latest tools, techniques and tactics for risk management and mitigation.
Topics covered include:
- How to measure, monitor and manage market risk and credit risk
- Which types of risk management models are best suited to specific types of trading and hedging portfolios
- How to manage risks that elude measurement via quantitative models (such as liquidity risk, operational risk, systemic risk, regulatory/legal risk and reputation risk)
- How to measure a portfolio’s VaR using various models
- The importance of accounting for paradigm shifts and price shocks in stress tests of a portfolio
- How and why major corporations such as Barings Bank and Enron failed
- How to avoid such failures within your own corporation and how to identify the warning
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Experience hands-on, interactive and exciting programs that set the standard in energy education. DTN's energy training is the most efficient, effective way to improve your energy industry knowledge and skills. You’ll learn from recognized industry experts who deliver forward-thinking instruction...