Quantifying Energy Exposure: Practical Risk Management Techniques 2014

Energy Risk are delighted to offer this highly interactive two-day training course which covers a range of techniques and practices in the field of energy risk management.

The programme has been expertly designed to expand the knowledge of participants in relation to risk, exposures, managing uncertainty, portfolio management, portfolio management, limit setting and the implementation of controls.

In addition the programme will focus on specific energy products and the impact of price changes. The core of the programme is focusing on Risk Management in the context of trading and portfolio management, therefore various market risk management tools and approaches are covered including; VaR, Expected Shortfall, Event Risk, Stress Testing and Model Risk.

The course is designed to be interactive, and attendees will be required to bring a laptop to undertake a range of simulations and exercises. Specific interactive excercises include the calculation of VaR on oil and gas portfolios, undertaking a Monte Carlo simulation on a power portfolio, calculating expected shortfall, conducting stress tests, amongst other exercises.

Learning Outcomes:

- Quantification of Risk; measuring exposures with excel
- Calculation of exposures, and its interpretation
- Quantification methods; practical approaches
- Value-at-Risk; What is it? How it is applied
- Varity of Value-at-Risk approaches
- Advantages and limitations of the VaR methodology
- Stress Testing; Why? How?
- Correlation; Its application and limitations
- Expected shortfall; Conditional VaR; What is it? How must it be interpreted? How to calculate it?
- Implications of changes in volatility
- Implications of the lack of changes in liquidity

Who should attend:

Graduate Risk/Energy Analyst, Market Risk Analysts/Manager, Credit Risk Analysts/Manager, Operational Risk Analysts/Mana