Risk Management

Specifically Designed for Executives, Managers, Supervisors Associated with Trading

Course Objective:

This course teaches participants important aspects of risk including control, monitoring, and operating systems. Participants also gain a fundamental understanding of derivative instruments and how they are used to manage energy market risks. Participants actively engage in exercises that simulate competitive energy markets and the development of customer-oriented derivative products.

Some Key Deliverables:

• Learn what risk really is and is not.
• Learn the basic components of risk.
• Learn the definition of risk management.
• Learn four famous risk management failures and how management could have prevented these failures.
• Learn the goals of risk management.
• Learn to set up a trading department.
• Learn how to implement control procedures to manage and control your trading department and company.
• Learn how to segregate the duties of a trading department and company.
• Learn to identify problems in the organization structure of your trading department.
• Learn what the front office, the middle office and the back office should and should not do.
• Learn the types of reports that should be prepared.
• Learn where and when reports should be sent.
• Learn shortcomings of the typical trading department control system.