2017 Conference Program

Conference Day 1, May 9 2017

08:00

Registration and breakfast

08:50

ENERGY RISK welcome address: Michael McCaw, Editor, ENERGY RISK

08:55

CHAIRMAN'S OPENING REMARKS: Paul Cusenza, Chief Executive Officer, NODAL EXCHANGE

09:00

OPENING KEYNOTE ADDRESS: The role of alternative liquidity providers in energy markets

Daniel Posner, Chief Investment Officer, Energy Opportunities, ALLIANCEBERNSTEIN

09:40

NEW MARKET TRENDS: The Digital Age: How are energy markets keeping up with it?

  • How will digitization change physical trading and energy markets overall?
  • Overview of the most prominent innovation in the industry
  • Winners and losers of the technologically enabled energy markets
  • Analysing blockchain applications in the commodities market
  • What competitive advantages can be gained from embracing new tools available in the industry?

Moderator: Chris Strickland, CEO and Co-founder, LACIMA
Nima Safaian,
Head of Trading Analytics, CENOVUS ENERGY
Markus Seiser, Chief Operating Officer, FIS 
Nigeria Bloczynski, Head of Risk Management, WGL HOLDINGS
Mark Von Weihe, Managing Director, Trading & Risk Management, ACCENTURE

10:20

REGULATORY ADDRESS: Overview of the market surveillance operations at the FERC: Recent cases of market manipulation

Sean Collins, Director, Division of Analytics and Surveillance, FERC

11:00

Morning break

STREAM ONE: ERM, Hedging, Liquidity Risk & Artificial Intelligence

 

Chairman's opening remarks: Spyros Maragos, Manager, Structuring Group, DIRECT ENERGY

11:30

PRESENTATION: Managing operational risks with KRI metrics

  • Building a case for KRIs
  • What risks can be predicted and managed by using KRI metrics?
  • Implementing the KRI metrics in the organization

Zeid Saadi, Advisory Services Manager, TESORO COMPANIES

12:10

PRESENTATION: An integrated framework for market, volumetric and operational risk management

  • Linking the physical and financial worlds
  • Value metrics for complex energy physical and financial portfolios
  • Using integrated simulations to design optimal hedging strategies for asset-centric portfolios
  • Integrated risk reporting and visualization

Joe Brewer, Director, Client Portfolio Management, CALPINE ENERGY SOLUTIONS

 12.40

PRESENTATION: Achieving stability through hedging

  • What value hedging brings to the business?
  • What's your hedging strategy?
  • In this uncertain environment, can you afford to have a hedging program in place?
  • How do you choose hedge counterparty?
  • What type of credit to choose and its impact on execution costs?

Kevin Hulsey, Director, Risk Management Energy Commodities, SHELL TRADING RISK MANAGEMENT

1:10

Lunch and opportunity to visit the exhibition

2:10

PRESENTATION:State of enterprise risk management (ERM) in energy industry

  • What are the most important components to add to your ERM program?
  • Integrating your ERM framework with strategic planning
  • Limitations of the "perfect" ERM program
  • Resiliency of an ERM program

Liza Abad, Enterprise Risk Manager, HESS CORPORATION

2:50

PRESENTATION: Artificial intelligence and the grid: An introduction

  • Why are data and Artificial Intelligence relevant to the industry?
  • What opportunities exist for using data?
  • Why utilities will never look the same again

Sean Patrick Murphy, Chief Data Scientist, PingThings & Author, "Data and Electric Power"

3:20

PANEL: New rules, new market liquidity concerns

  • Market liquidity outlook for 2017-2018
  • How badly will new Fed proposal hit market liquidity?
  • Emerging liquidity providers: Who is going to step in and fill in the void in the market?

Moderator: Zeid Saadi, Advisory Services Manager, TESORO COMPANIES
Saji John, Managing Director, Global Head of Commodity Market Risk, CITI
Paul Hughes, Manager, Risk Control, SOUTHERN COMPANY
Michael Carter, Risk Advisor, Energy Risk Consulting

STREAM TWO: Trading Innovation, Compliance and Regulation

 

Chairman's opening remarks: Paul Cusenza, Chief Executive Officer, NODAL EXCHANGE

11:30

PANEL: To-do list for implementing price reporting framework

  • What elements you need in place to start price reporting program?
  • What needs to be taken into account?
  • How to reduce audit risk associated with price reporting?
  • What question you need to be prepared to answer to regulators?

Moderator: Michael Berry, Director of Compliance, PETROCHINA INTERNATIONAL
Robert Emmett
, Chief Compliance Officer, CASTLETON COMMODITIES INTERNATIONAL
Jennifer Fordham, Senior Vice President, Government Affairs, NATURAL GAS SUPPLY ASSOCIATION
Paul Tramonte, Executive Director , CIB Compliance, Commodities, J.P. MORGAN

 12.10

PRESENTATION: Data science approach to leading innovation in energy trading and risk management

  • Significant disruptive technological game changers in energy (IoT, Machine Learning, Big Data, Block Chain)
  • Is energy trading and risk management world ready for these disruptive changes?
  • Can data science approach be applied to energy trading and risk management organization to turn the external technologies in the competitive business advantage?

Nima Safaian, Head of Trading Analytics, CENOVUS ENERGY

12:40

PRESENTATION: An update on the cleared futures world

  • Cleared futures market overview
  • Developments in the swaps market 
  • Clearing vs. non-clearing: How does it sit in the evolving regulatory environment?
  • Developments in CCP recovery plans 

Paul Cusenza, Chief Executive Officer, NODAL EXCHANGE

1:10

Lunch and opportunity to visit the exhibition

2:10

PANEL: Updates on the position limits rule

  • Current status of the position limits rule
  • Overview of the final Aggregation Rule
  • The status of the rule in Europe

Moderator: Michael Carter, Risk Advisor, Energy Risk Consulting
Robert Emmett, Chief Compliance Officer, CASTLETON COMMODITIES INTERNATIONAL
Michael Berry, Director of Compliance, PETROCHINA INTERNATIONAL
John Clowney, Senior Vice President of Compliance, CITI

2:50

PRESENTATION: Trading compliance - Walking the talk

  • Culture of compliance
  • Compliance & organizations
  • Compliance program framework
  • Compliance "Models"
  • Building trader awareness

Frank Hayden, Vice President, Trading Compliance, CALPINE

3:20

PANEL: Don't sweat the small stuff: Identifying crucial elements to the robust trade surveillance program

  • Defining what really matters and what doesn't in your trade reporting program
  • Allocating limited funds: Must-have vs. nice-to-have
  • Making adjustments to the program as you move forward
  • What is the bare minimum? And in the current environment, can a company justify not having it in place?

Moderator: Tim McKone, Chief Compliance Officer, CITI
Frank Hayden, Vice President, Trading Compliance, CALPINE
Jonathan Hirst, Director, Energy Risk Management, CONSOLIDATED EDISON COMPANY OF NEW YORK
Jeff Lam, Chief Compliance Officer, POWEREX CORP.

4:00

Afternoon break

4:20

CHIEF RISK OFFICER'S ADDRESS: Reviewing increased market liquidity and hedging opportunities in the NGL markets

Gary Taylor, Chief Risk Officer, BP ENERGY COMPANY

5:00

THE CRO PANEL: Shifting focus from traditional to existential risks: What does the future holds for energy markets?

  • What big-picture, game -changing risks are energy markets facing and how will they impact traditional business models?
  • Risks of the changing competitive landscape: Who is leaving and who's entering the industry and what implications will it have?
  • How persistently low energy prices change the business priorities and strategies? 
  • What impact will current geopolitical and macro trends have on energy markets?

Moderator: Garth Renne, Vice President, ERM Analytics, EXELON
Nigeria Bloczynski, Head of Risk Management, WGL HOLDINGS
Novera Khan, Chief Risk Officer, UNIPER
Gary Taylor, Chief Risk Officer, BP ENERGY COMPANY

5:40

ENERGY RISK closing remarks followed by drinks reception

Conference Day 2, May 10 2017

08:00

Registration and refreshments

8:50

CHAIRMAN'S OPENING REMARKS: David Shimko, Adjunct Professor of Finance, NYU TANDON SCHOOL OF ENGINEERING

09:00

OPENING KEYNOTE ADDRESS: Understanding geopolitical and macro risks that are changing the face of the global energy sector

Helima Croft, Managing Director and Chief Commodities Strategist, RBC CAPITAL MARKETS

9:40

COMMODITY RESEARCH THINK TANK: Global energy outlook for 2017 and beyond

Moderator: Michael McCaw, Editor, ENERGY RISK
Michael Wittner
, Managing Director, Global Head of Oil Research, SOCIETE GENERALE
Helima Croft, Managing Director and Chief Commodities Strategist, RBC CAPITAL MARKETS
Gürcan Gülen, Research Scientist, Bureau of Economic Geology, THE UNIVERSITY OF TEXAS
Abhishek Deshpande, Chief Energy Analyst, NATIXIS

Submit Q&A via sli.do

10:20

SPOTLIGHT ON THE ENERGY JOB MARKET: Developing career in energy risk management

  • What are recruitment trends in energy markets? What staff is needed? What employers are looking for?
  • How technology is changing the role of the risk manager?
  • What is the value of ERP, MBA, PhD etc.in the energy world?
  • How to launch and maintain a career in energy risk management?
  • What skills are needed and how difference they are today?
  • How do companies attract new talent to energy risk management divisions?

Moderator: Glenn Labhart, Chairman of the Energy Risk Diploma Program, GARP, Principal, LABHART RISK ADVISORS
Garth Renne, Vice President, ERM Analytics, EXELON
Bryan Sal, Refined Products Market Risk Manager, SHELL TRADING US COMPANY
Vince Kaminski, Professor, RICE UNIVERSITY'S JESSE H. JONES GRADUATE SCHOOL OF MANAGEMENT
Mike Burger, Partner and Co-Founder, VERITAS TOTAL SOLUTIONS

11:00

Morning break

STREAM ONE : Infrastructure & Fundamentals

 

Chairman's opening remarks:

Spyros Maragos, Manager, Structuring Group, DIRECT ENERGY

11:30

PRESENTATION: Shareholder activism & Corporate governance: Energy industry focus - How can a sound ERM practice help?

  • Shareholder Activism has risen considerably
  • Investors seek to maximize their returns and push for change. Is it about short term interests?
  • How does it play out at the firm? How has it affected the energy industry?

Akshay Singh, Modeling and Analytics Leader, GE CAPITAL

12:00

PRESENTATION: Comparing financing hurdles: Corporate PPA versus utilities PPA

  • Current trend and explanation for it
  • Pros and cons of both contracts
  • Financing issues common to both contracts
  • Financing issues for each contract

Catherine Helleux, Senior Vice President, SOCIETE GENERALE

12:30

Lunch and opportunity to visit the exhibition

1:30

ETRM IMPLEMENTATION BOOTCAMP

PRESENTATION: The value of using the same analytics in structuring and risk managing trades

  • Qualities you want when pricing/structuring a deal
  • Qualities you want from a risk solution
  • What happens when deals are priced and risk managed with different systems & analytics

Chris Strickland, CEO and Co-founder, LACIMA

FOLLOW ON DISCUSSION: Investing in building or renewing the ETRM system: Do's & Don'ts, When's & How's

  • What elements do you need in the ETRM system?
  • How do you go about choosing the ETRM system? And when you chose it, how to implement it efficiently?
  • How many ETRM systems to have?
  • Striking the balance between the cost & value of the ETRM program
  • What's new in ETRM systems?
  • How flexible are new ETRM systems on the market? How easy it is to add new business lines to the ETRM system?
  • How easy is to add renewables?

Moderator: Sid Jacobson, Managing Director, PIVOTAL RISK ADVISORS
Deepak D'Souza, Assistant Controller, Commercial, TESORO
Akshay Singh, Modeling and Analytics Leader, GE CAPITAL
Christian Ashworth-Donn, Director, Global Head Commodities Trading Systems, BANK OF AMERICA
Chris Strickland, CEO and Co-founder, LACIMA

STREAM TWO : Emerging trends & Risk Management Analytics

 

Chairman's opening remarks:

David Shimko, Adjunct Professor of Finance, NYU TANDON SCHOOL OF ENGINEERING

11:30

PRESENTATION: The tale of two curves: LIBOR versus OIS

  • LIBOR and OIS interest rate curves: current controversy
  • The rise and decline of LIBOR
  • The mechanics of LIBOR curve construction
  • The reasons for switching from LIBOR to OIS rates
  • OIS curve construction
  • Current practices in the US energy industry

Vince Kaminski, Professor, RICE UNIVERSITY'S JESSE H. JONES GRADUATE SCHOOL OF MANAGEMENT

12:00

PRESENTATION: Risk management for renewable energy credits (RECs)

Minal Dalia, Power Commodity Risk Manager, BP

12:30

Lunch and opportunity to visit the exhibition

1:30

PRESENTATION: Managing credit risk in a low price environment

  • Managing the increased risk/reduced resource dilemma
  • Monitoring the growing list of risks
  • Preparing for perfect storm
  • Minimizing the damage of mitigating market risk

Michael Carter, Risk Advisor, Energy Risk Consulting


PRESENTATION: Energy loan pricing: A new derivative-based methodology

  • An overview of existing loan pricing models
  • A cash-flow driven model of loan pricing
  • Calibration to energy derivative prices
  • The valuation of loan covenants
  • Price-to-sell vs price-to-hold
  • Optimal restructuring

David Shimko, Adjunct Professor of Finance, NYU TANDON SCHOOL OF ENGINEERING

2:30

Afternoon break

3:50

GUEST ADDRESS: Managing risks in the transitional world

Novera Khan, Chief Risk Officer, UNIPER

3:20

CLOSING PANEL: The future of utilities: What's the game plan for preserving the value of the business?

  • Managing strategic risks associated with renewables, distributed generation and smart grid
  • How has growth of wind and solar redefined and shaped modelling and analytics capabilities?
  • Painting a picture of the competitive landscape for utilities in coming years
  • Will the existing utility business model become obsolete?
  • The broader impacts of renewables on energy markets

Moderator: Paul Hughes, Manager, Risk Control, SOUTHERN COMPANY
Erika Bierschbach, Interim Director, Energy & Market Operations, AUSTIN ENERGY
Lynda Clemmons, Vice President, Business Solutions, NRG ENERGY
Patty Dondanville, Partner, REED SMITH LLP
Sean Patrick Murphy, Chief Data Scientist, PingThings & Author, "Data and Electric Power"

4:00

Closing remarks. End of the conference