Energy Risk Professional, ERP

Transcription

1 ERP & FRM (GARP ) > ERP Energy Risk Professional, ERP Unique in Europe > September th Geneva, Switzerland organized by Aix Marseille University (France)

2 Energy Risk Professional Program In the current environment of extreme volatility in financial markets, more and more investment firms or even individuals have turned to commodity markets and especially to the energy market. Each market has its own characteristics, and then it is absolutely necessary to measure the specific risks before investing. Therefore, this course which provides lectures on energy commodities as well as finance is designed to help individuals to manage and identify risks in the energy sector in order to take the best decisions under uncertainty. This program, based on the requirements of the Energy Risk Professional (ERP ) certification organized by the Global Association of Risk Professionals (GARP ), provides an understanding of the potential risks of physical and financial markets of energy, which allows participants to better identify and manage a wide array of real-life scenarios. Why choosing this training Unique in Europe, this training is for all professionals wishing to develop their skills in risk management in the energy sector, all individuals involved in energy trading, and those who wish to apply for the ERP certification organized by the GARP.

3 Training Contents Based upon the requirements of the ERP certification, this training includes the different physical energy products: exploration, production and management of risk for crude oil, refined petroleum products, natural gas, liquefied natural gas, coal, electricity and alternative energy. In addition, this course provides teaching on sophisticated financial instruments and risk management approaches used by professionals for pricing and hedging energy commodities. In addition, it aims to help participants acquire basic knowledge of many regulations applying to the management and supervision of financial risks in the energy sector. The purpose of this training is to develop knowledge and practices concerning the energy industry to better control risk. Language > English Next session > September 2011 > from Monday 26th at 2.00 p.m. until Wednesday 28th at 5.00 p.m. Fees > 1600 Information and registration to be addressed to the administrative assistant of ExEcoMed:

4 ERP certification of GARP This training can then be followed by taling the ERP certification provided by the Global Association of Risk Professionals (GARP: This certification gives you the feeling of personal achievement and the satisfaction of obtaining a certification developed by some of the best energy risk management professionals in the world, while it expands your professional and personal opportunities within the global energy world. It will also provide you with the ability to network with many of the world s leading energy risk management professionals with access to a large network of risk management practitioners in the energy field. GARP does not endorse, promote, review or warrant the accuracy of the products or services offered by Aix Marseille University (France) of ERP related information, nor does it endorse any pass rates claimed by the provider. Further, GARP is not responsible for any fees or costs paid by the user to Aix Marseille University (France) nor is GARP responsible for any fees or costs of any person or entity providing any services to Université de la Méditerranée ERP, GARP and Global Association of Risk Professionals are trademarks owned by the Global Association of Risk Professionals, Inc.

5 ERP & FRM (GARP ) The trainer The trainer Mr Christian Berbé is a Chartered Alternative Investment Analyst (CAIA) with a master degree of civil engineering. He was Member of the Management Committee of Degroof Gestion Institutionnelle Luxembourg until december 2010, and was formerly Director at PwC/Global Risk Management Solutions and Senior Training Consultant at PricewaterhouseCoopers Academy Luxembourg. Mr Berbé is Director of several Funds of Hedge Funds (UCIs part 2 of the Lux. Law). On the academic side, he teaches hedge funds, structured products and risk management at ESCP Europe (Master Specialized in Finance) and Université de la Méditerranée (Master in Banking and financial econometrics), and Master in financial markets, Paris Dauphine. His particular skills are in the areas of quantitative finance, financial risk management and alternative investments (hedge funds). He is co author of the book Asset and Risk Management J. Wiley 2006 and published numerous scientific popularisation articles.

6 Energy Risk Professionnal ERP > September 2011 Geneva, Switzerland > ERP The content of the coaching

7 Physical Energy Markets Exploration and Production (Petroleum and Natural Gas) Crude Oil Refined Petroleum Products Natural Gas Liquified Natural Gas Coal Electricity Alternative Energy

8 Financial Trading Instruments Forwards and Futures Options Other Derivatives Electricity Trading Carbon Finance /Emissions markets

9 Valuation and structuring of energy transaction Volatility Correlations Option pricing model

10 Risk Management in Financial Trading Value-at-Risk Hedging Trading Strategies Credit Risk Counter-Party Risk Carbon Finance/Emissions Markets

11 Financial Disclosure, Accounting and Compliance Disclosure Financial Accounting Standards Board (FASB) Sarbanes=Oxley Act of 2002 International AccountingStandards Board (IASB) Securities and Exchange Commission (SEC) Basel Commitee on Banking Supervision Comment on Fair Value Measurements North American Electric Reliability Corporation (NERC) Federal Energy Regulatory Commission (FERC) Commodities Futures Trading Commission (CFTC) Financial Services Authority Open Compliance and Ethics Group

12 IMPORTANT You follow a coaching course, not an academic one After explaining core concepts, I focus on the ERP questions The purpose of this training is: > To gain time for your preparation > To give you a lot of material

13 ERP & FRM (GARP ) > Mailing adress > Greqam - Idep, Centre de la Vieille-Charité, 2 Rue de la Charité F Marseille Cedex 2 More information on the website > Conception, réalisation : Yves Doazan, Cnrs - Textes : Mehdi Chouiref, Université de la Méditerranée - Crédit Photos : Carole Paris, Idep