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Course Level
Introduction
Delivery Method
Classroom Instructor-Led Course
Professional Development Credit Hours
16
Pre-requisites
Recommended: Fundamentals of Energy Futures or equivalent knowledge.

"Speaker was extremely knowledgeable, examples were relevant, materials were very effective." Agrium


Faculty

Faculty leading this presentation will depend on the delivery location. Please inquire for Faculty details.


Accreditations

NASBA: Mennta Energy Solutions is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its web site: www.nasbaregistry.org


CPD Certification Services: The CPD Certification Service works with Mennta Energy Solutions to ensure valuable knowledge is structured to complement the universal guidelines of Continuing Professional Development. Mennta Energy Solutions courses are approved by CPD at one credit per training hour.


Front to Back Office: Trading Controls, Risk Measurement and Modelling (CLASSROOM) - FTBOE


Course Schedule

Date Time Location Price* Registration Deadline**
31 Mar - 1 Apr 2025
Register
8:00am-4:00pm
Houston, TX
USD 2,330 (FTBOE-BHOU25-03)
21 Feb 2025
12-13 May 2025
Register
9:00am-5:00pm
Calgary, AB
USD 2,330 (FTBOE-ACAL25-05)
11 Apr 2025

*Prices do not include VAT, GST, or any other local taxes. All applicable taxes will be added to the invoice.
**Please register by the deadline to help us ensure sufficient attendance and avoid postponing the course.


Course Summary

This fascinating and interactive two-day workshop will give delegates a thorough understanding of best practice controls to be applied in commodity trading activities. It also 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.  

Through interactive group case studies, delegates will analyze examples of control inadequacies leading to:

  • Expensive trading mistakes
  • Liquidity crises
  • Market manipulation
  • Misuse of leverage



Who Should Attend?

Class delegates include everyone from support staff to management from trading, risk management, operations, accounting, credit, and contracts groups. This 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.).


Course Content

  • Key types of risk (faced by management and the trading room)
  • Details of recent spectacular failures
    • What happened and why
  • Roles and responsibilities
    • Front, Mid & Back Office
  • Trading controls for key risk categories
    • Market risk
    • Operations/operational risk
    • Credit risk
    • Liquidity risk
    • Legal/compliance/regulatory risks
    • Systemic risk
    • Reputation risk
  • 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
  • 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
  • Risk management implementation
    • Determining risk tolerance
    • Developing risk management policy
    • Risk systems
  • Regulation of trading and market manipulation
    • Overview of regulatory organizations
    • Market manipulation defined
    • Overview of key regulations in US and Europe including Dodd-Frank Act, Sarbanes-Oxley, EMIR, REMIT and MAR
  • Ethics
    • Definitions
    • Shades of gray
    • Organizational perceptions
    • Ethics in energy trading


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