Energy Risk Management

Risk and the management of risk are at the centre of all organisations; however, many organisations still take the view that risk is something that is best left to chance despite the growing need to manage business risks as part of the regulatory and prudential management obligations placed on today’s modern enterprise. It can be a source of potential loss or a contributor to poor performance. When understood and managed effectively, risk can create value and success, and risk management is all about driving success and business excellence. Whether an organisation has been in business for decades, in start-up mode, or driven by innovation, the risk is key in daily operations, regulatory compliance, strategy, and projects and transformation initiatives. Capturing value and leveraging value to build a sustainable performance-led organisation starts with risk management and embedded risk-aware culture.

This interactive, highly practical course is designed to equip attendees with a sound foundation in awareness of risk and managing risk. It provides attendees with the confidence needed to discuss risk at all levels in their organisation. The training course covers the risk management framework, including processes, communication, and culture, embedding risk management and the governance of risk, and the systems associated with energy risk management which can aid and support more vital risk management for energy businesses. The emergence of ESG practices is significant for energy businesses. This course will help attendees understand how risk and ESG interact and how ESG Risks are identified and managed.

This GLOMACS Energy Risk Management training course will highlight:

• Overview of Risk Management
• Overview of Energy Risk Management
• Types and Categories of Risk
• Energy Specific Risk Management Tools, Techniques, and Strategies
• Financial Risk Management and its Role in Energy Risk Management
• Operational Risk Management for Energy Businesses
• Risk Accountability Structures, Roles and Responsibilities
• Emerging Risks
• Energy Trading and Risk Management Systems
• The Governance of Risk

At the end of this Energy Risk Management training course, you will learn to:

• Develop energy risk management methods and frameworks
• Identify, analyse and measure risk
• Establish suitable risk management structures
• Apply globally accepted risk management practices
• Confidently discuss risk and risk management in the context of an energy business
• The use and applicability of energy trading and risk management systems
• Risk’s role in value creation and sustainable business

This GLOMACS Energy Risk Management training course is suitable to a wide range of professionals but will greatly benefit: 

• Managers
• Financial Managers
• Energy Strategic Planning & Investment Teams
• Energy Transition Teams
• Operation Managers
• Purchasing Managers
• Risk Management Managers
• Risk Champions
• Energy Analysts
• Project Teams
• Energy Plant Operations Management
• Marketing Managers
• Health, Safety, & Environment Staff
• Energy industry employees with interest in risk