Agenda

November 11-13, 2020 - Virtual Conference

All times are CST

Day 1 - November 11, 2020

08:30

Establish connections - Please connect with our virtual conference between 08:30 and 08:45, so that we may be sure everyone is on-board without issue. Note: There will be a waiting room where people will have assistance w A/V function issues.

08:45

Welcome remarks

Howard Walper, President, Alpha Insight
Bob Anderson,
Executive Director, CCRO

09:00

Energy market outlook

  • Challenges today and tomorrow - key fundamentals driving volatility in energy commodity markets

  • Renewables – implications on the industry and risks to be managed as shift accelerates towards a carbon free future

  • Short term scenarios for supply, demand and prices

09:20

Panel discussion:  How is the risk function responding, recalibrating and adding value in the new normal environment?

  • How is the risk function aligning to strategic goals and direction of the business?

  • How are hedging strategies changing to enable efficiencies and reduce capital at risk?  

  • What new risk exposures are being managed as a consequence of the global pandemic?

  • How are old assumptions and models being challenged and recalibrated to monitor and manage risk? How have company KRIs changed?

  • In what way can innovations in technology, data analytics and process automation help reshape how firms manage risk in the new world? What new vulnerabilities have been created by advances in technology and digital?

  • How should a company look at risk going forward? What tools are needed to alert and trigger early responses? What are the weaknesses we saw and should be avoided in future?

09:50

Break

10:00

Dealing with uncertainty - measuring, modeling and capturing tail risk events

  • Tools to identify different scenario outcomes

  • Stochastic approaches for evaluating possible future behavior

  • Role of data science

10:20

Recalibrating oil pricing models in response to extreme events

  • Weighing up alternative pricing models – key differences and considerations

  • Understanding the implications for pricing, margining, hedging and operational risks

  • How likely are we going to experience extreme market volatility, low liquidity and negative pricing again?

10:40

Break

10:50

Understanding and improving credit risk insight 

  • Credit risk’s response in 2020 to strengthen insight of suppliers, trading counterparties and customers

  • What new information and data needs have evolved?

  • Calibrating risk analytics and models in response to crude price collapse

Internal benchmarking – The CCRO Key Risk Indicators (KRI) Initiative

11:10

The CCRO has an on-going initiative to gather internal deal entry error statistics from its members for the purpose of providing anonymous benchmarks for a type of operational risk.  CROs know that deal entry issues create unwelcome consequences for risk and credit reports, collateral management, accounting batches, confirmations, and invoices.  With this benchmarking data in-hand, it is possible to uncover hidden problems with procedures and systems that may foretell much larger risks at hand.

Day 2 - November 12, 2020

08:30

Establish connections - Please connect with our virtual conference between 08:30 and 08:45, so that we may be sure everyone is on-board without issue. Note: There will be a waiting room where people will have assistance w A/V function issues.

08:55

Welcome remarks

Howard Walper, President, Alpha Insight

Bob Anderson, Executive Director, CCRO

09:00

Panel discussion: Embedding risk awareness and resilience at every level of the organization through talent, mindset and behavior of people

  • What skill sets and traits are required in today’s risk function? How do you attract this talent? How do you motivate people to do a good job?

  • How do you ensure that risk management is keeping pace and continually improving – what are the key metrics to assess performance?

  • How do you ensure risk resilience is continually improving at an enterprise level – role of risk oversight committee, developing well-defined practices, ensuring stability of systems and fostering a culture of compliance

09:30

Maintaining trade surveillance and a culture of compliance in the work from home era

  • How do you approach training and ensure compliance is still forefront of traders’ minds?

  • Reviewing trade surveillance systems, processes and data harmonization to support strategic goals whilst meeting regulator’s expectations

  • Calibrating and configuring to prevent false-positives in changing market conditions, monitoring the right behavior, documenting and escalating investigations

09:50

Break

10:00

Developing and implementing a robust risk monitoring and reporting framework

  • Outline of the business problem

  • Aligning business owners, assigning responsibilities, setting priorities and allocating resources

  • Outcomes and efficiency gains through improved process and technology

10:20

Maximizing value of your CTRM implementation

  • Deciding system requirements and setting metrics in advance of CTRM implementation

  • Key takeaways of going live in a remote environment

  • Maximising value of CTRM system across front and middle office

10:40

Break

10:50

Potential for blockchain technologies to help manage risk in energy and commodities trading 

  • Approaches being taken to test and deploy distributed ledger technology

  • How are energy and environmental markets being altered and disrupted?

  • What has been the experience and how have blockchain technologies impacted the way of doing business during the global pandemic?

11:10

Harmonizing data to capture value and inform better decision-making across the trading organization

  • What does it take to automate data quality and provide a single source of truth? What pitfalls should be avoided?

  • Approaches to ML/AI analysis to gain insight from data and enable decision making

  • Protecting and keeping data secure

Day 3 - November 13, 2020

08:30

Establish connections - Please connect with our virtual conference between 08:30 and 08:45, so that we may be sure everyone is on-board without issue. Note: There will be a waiting room where people will have assistance w A/V function issues.

Welcome remarks

08:45

09:00

Panel discussion: Assessing the impact on risk as energy firms respond to climate risk and an acceleration towards a lower-carbon future

  • How is the energy transition influencing decision making and strategy?

  • What risk exposures are being created by climate change and sustainability - changes in regulations, technology, supplier contracts, and expectations from customers and investors

  • Approaches to managing financial risks created by transition into lower-carbon energy (stranded assets, new investments, new markets) and integrating into existing risk management practices

09:30

Approaches to assessing and mitigating risk of electric storage assets

  • Market trends driving deployment and improving economics of storage technologies

  • Approaches to valuing and optimizing fast-responding electronic storage assets

  • Assessing risks and mechanisms available to mitigate these

09:40

Break

09:50

Managing long dated risk

10:10

PPAs as a tool to manage risk and create value

  • Current PPA market characteristics and outlook

  • Exploring the risks connected to new PPA activities and nature of price exposure – how can the risk function add value?  

  • What types and volume of data do you need to manage the risk?

10:30

Break

10:40

The challenges we face in 2021

  • Disruptive factors and global LNG fundamentals impacting supply and demand

  • Trends and changes seen in market structures and players

  • Risk management challenges

  • Developing advanced quantitative risk analytic capabilities for valuing, modeling and hedging physical LNG assets and derivatives

11:00

Monitoring and mitigating automated algo trading risk

  • Inspecting algorithm data

  • Achieving clarity on algo trading risk governance

  • Visualising insights and implementing a remediation plan

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