07:30 – 08:50
Registration and refreshments
08:00 – 10:20
Geopolitics, macroeconomics and key regulatory policy
08:00 – 08:45
Integration of climate risk into risk frameworks
Capturing climate risk, environmental, social and governance reporting, and good practices for risk managers – incorporating risk assessment into climate models.
08:50 – 09:00
09:00 – 09:20
Global energy market outlook and risks: a fundamental assessment
- Global oil and gas market outlook amid heightened geopolitical tension
- Market risks – what the markets can tell us about geopolitics
- What geopolitics suggests about the markets
Dong Fu is the Senior Economist in Corporate Strategic Planning at the ExxonMobil Corporation. He began his career with ExxonMobil in 2007 in Irving, Texas. Before that, Dong worked in the Economic Research Department at the Federal Reserve Bank of Dallas from 1997 to 2007. He previously worked in both public and private sectors in China from 1991 to 1994.
In his current capacity Dong advises the senior management of the corporation on economic, financial and policy related issues. He takes the major responsibility of developing the corporate World Economic Outlook, which serves as the foundation of ExxonMobil's Global Outlook. He also assists other corporate departments and business functions in company plan, business strategy and various analyses.
Dong holds a Ph.D in economics from Southern Methodist University and a B.S from Zhejiang University (China). He also received leadership certifications from Thunderbird and the Kenan-Flagler Business School. He is married with two children and enjoys spending time with family, travelling and reading.
09:20 – 09:50
Tackling enforcement risk: the Federal Energy Regulatory Commission’s surveillance focus
Director, Division of Analytics and Surveillance
Sean K. Collins is the Director of the Division of Analytics and Surveillance (DAS) within the Office of Enforcement (OE) of the Federal Energy Regulatory Commission. Mr. Collins has been with FERC for 15 years. Prior to the formation of DAS, Mr. Collins lead a team within OE that performed detailed market, portfolio, and statistical analysis related to the identification, investigation, and prosecution of market manipulation and other potential violations of federal energy laws. Prior to joining the Commission, Mr. Collins worked for KPMG, LLP, Marsh Risk Consulting and Arthur Andersen advising the management of electric and natural gas utilities in the areas of trading, risk management, mergers and acquisitions, regulation and compliance, and process improvement. Mr. Collins holds a BA in Economics from Hampden-Sydney College and an MA in Economics from The Pennsylvania State University.
09:50 – 10:20
Navigating global turbulence: chief risk officer insights on economic shifts
- How organisations have responded to the Inflation Reduction Act, and its notable impacts so far
- Adjustments and innovations impacting trading and risk management in response to the Inflation Reduction Act – how it has affected risk modelling worldwide
- How the geopolitical situation in Russia has affected business operations and risk considerations and balance sheet risk
- The aspects of US regulatory policy that have influenced risk management most
Chief risk officer
Chief risk officer
Six One Commodities
Nishant Mehra has 15 years of experience in risk management and has broad experience in natural gas, power, and renewable energy credits, including significant experience with complex deal structures. With a commercial mindset and a deep understanding of market operations, risk methodology, and metrics, Nishant has a broad industry background. Prior experience includes working at BP, Sempra, and Noble Americas Energy Solutions.
Manager, Market Risk Analytics at
Spyros Maragos has more than eighteen years' worth of experience as an energy executive. He has held quantitative, structuring, risk management and fundamental analysis positions. He worked in energy marketing, consulting, for an oil major as well as energy hedge funds. Currently, he is Manager, Market Risk Analytics at ExxonMobil.
Spyros has a Ph.D. from M.I.T. where he studied Management, Operations Research and Finance.
10:20 – 10:50
Morning networking break
10:50 – 14:10
Risk management for price volatility, the energy transition, trading strategies and instruments
10:50 – 11:30
Empowering the energy transition, managing new risks and utilising opportunities
- New risks and opportunities in the ongoing energy transition
- How the energy transition is perceived by stakeholders such as regulators, developers, energy firms, system operators and customers
- The impacts of energy transition on energy market participants’ risk management practices
- What role has the Inflation Reduction Act played?
- Lessons learned from the European and global markets
Head of US power trading
Earl Burns Jr. is a leading Energy Executive with more than 30 years of experience in the energy sector serving in various operating, financial, trading and supply roles. Burns was previously manager, Americas Distillate Trading in the Commercial organization. Prior to that, he resided in London and held the role of manager, Crude Trading Europe, Africa and Russia for Phillips 66 Limited, where he was responsible for all crude trading and supply activities. He began his career with Mobil Oil Corporation in a variety of positions in the U.S., Africa and Latin America inclusive of financial trading, logistics and sales positions. Previously, Burns served as the crude trading manager for BP in Chicago as well as manager, Global Strategy and Commercial Development (Commercial Marine) at ConocoPhillips. Prior to his time at ConocoPhillips, Burns spent five years in the U.S. Naval Reserve, receiving an honorable discharge as Lieutenant.
Earl is a proud member of the Executive Leadership Council (ELC); the most elite organization advancing the cause of Black Executives globally, an active board member of the Global Association of Risk Professionals (GARP) Energy Oversight Committee, as well as being an incoming (2020) board member and director of the United States Merchant Marine Academy (Kings Point) Alumni Foundation.
Energy market manager
11:30 – 12:00
The price is right: energy price risk management for producers and consumers of energy
- Trends and best practices in risk management, and how organisations can remain ahead of the curve to enhance risk mitigation strategies
- How organisations should decide which risks to measure and prioritise within their risk management framework when faced with multiple risks
- What instruments practitioners are using today in liquid and illiquid portfolios
- Measuring the risk of financial transmission rights and congestion revenue rights portfolios
- Does high volatility call for more risk management or less? Deciding how much of your exposure to hedge, and whether to use futures and/or option products. When faced with higher prices, do you hedge more or lock it in?
Head of Risk
Nitin Kumar is Senior Director, Market Risk at Direct Energy, and is responsible for Market Risk Coverage, Quantitative Risk and Credit Risk Analytics.
Prior to joining Direct Energy in 2014, Nitin had a similar role covering JP Morgan’s physical commodities desk in Houston. Previously, he consulted with Energy Merchant and Trading companies as part of PwC’s Financial Risk Management practice covering asset and derivative valuation, financial due diligence and market, credit and operational risk related issues.
Nitin holds a bachelor’s degree in Chemical Engineering from Indian Institute of Technology (Kanpur), and a Master of Business Administration from the Washington University in St. Louis.
12:00 – 12:30
Energy Risk USA roundtables and deep-dive discussions
Engage with our speakers and delegates in peer-to-peer sessions
1. Optimising carbon market and emission trading
2. Managing cyber risk
3. Mitigating enterprise risk (led by Nithya Vankatesan)
4. From risk manager to trader and back: trying new things while keeping some old ones (led by Michael Rosenberg)
5. Technology, machine learning and artificial intelligence (AI) applications
Active Power Investments
Michael Rosenberg is a Manager at Active Power Investments LLC where he is in charge of developing and implementing trading strategies in energy markets. Prior to his current position he was a Director of Structuring and Pricing at PacifiCorp where he was responsible for structuring physical and financial products and pricing deals for different commodities and assets. Before that Michael was a Manager, Quantitative Analysis, at PG&E where he was responsible for risk modeling, asset valuation, and risk systems with focus on power market redesign and its impact on risk and pricing. Previously Michael was a Manager, Market Assessment, at ISO New England where his major responsibilities included analysis of market competitiveness, efficiency, and performance. Prior to that Michael served in a variety of positions in TXU Energy Trading with focus on option valuation, commodity and credit risk management for Trading and Retail affiliates. Before joining TXU he served in oil and gas exploration function at ExxonMobil. Michael holds Ph.D. in Physics from The University of Texas at Austin and Graduate Finance Certificate from the Cox Business School, SMU. He published in industrial and academic journals and is a frequent presenter at industry conferences and training events.
12:30 – 13:30
13:30 – 13:50
Extreme weather warning: navigating the storm and mitigating physical risk
- How extreme weather events have informed strategies for risk management
- What commodity financial markets can tell us about the probabilities of severe weather conditions in upcoming winter seasons
- How risk management teams can prepare for extreme events
- Insurance instruments and products to guarantee the continued operation of the business during extreme events
- Leveraging technology in crisis management: the tools available and how they ensure a swift and adaptive response to unforeseen challenges
13:50 – 14:10
Exploring new derivative securities and risk structures
- Evolution of derivative securities and overview of historical developments, including swing options, daily option strips and weather derivatives.
- New products coming to the energy market
- Latest insights on derivative securities and novel instruments that could reshape risk management and trading strategies. How the industry can analyse, quantify and risk manage them
- Examples of advantages, risks and applications of emerging financial instruments
14:10 – 15:30
Leveraging the power of the latest advances in technology, analytics, data and energy trading and risk management (ETRM)
14:10 – 14:30
Empowering traders and building resilient commodity trading and risk management (CTRM) and ETRM systems in modern markets
- Are C/ETRM systems meeting the evolving needs and expectations of traders in today's dynamic markets?
- The key components of a resilient ETRM programme – especially considering the intricacies of modern markets
- Strategies to ensure robust data protection and security requirements
- How organisations can utilise analytics within C/ETRM systems to derive meaningful insights for informed decision-making in risk management
14:30 – 15:00
Impactful AI: transforming risk assessments for robust business decisions
Focusing on the practical applications of AI.
- How AI is utilised in the energy industry and will improve efficiency and enhance profit
- How to use AI to process growing volumes of data and capture the value of big datasets
- Embedding an AI strategy into your digital transformation – aligning the use of AI with a holistic digital strategy
- Examples of successful application of AI to rsk management problems
15:00 – 15:30
Afternoon networking break
15:30 – 17:00
Powering the future of the US
15:30 – 16:00
Raising capital and funding liquidity
- Risks and rewards associated with investing in renewable energy projects in the current environment
- Today’s cost of capital today
- Practical ways of creating revenue streams and optimising capital
- Utilising capital sources and allocation strategies for new and existing businesses: how to work on the price arrangement and capital allocation
EIG Global Partners
Jazib Hasan is a Managing Director at EIG Global Partners, a global leader in private investments in energy and energy-related infrastructure. Mr. Hasan’s primary focus is on Power Generation, Renewables and Energy Transition Infrastructure assets, as well as responsibilities for EIG’s Direct Lending investments across conventional and renewable energy/infrastructure. Mr. Hasan has over 25 years of investment, trading and origination experience at private equity, hedge fund, bank and corporate platforms.
Mr. Hasan was most recently Head of Investments at Modern Energy, a diversified energy transition B-Corp, focused on providing affordable, sustainable energy solutions. Mr. Hasan was Citibank’s Head of Commodities Structured Finance and Credit Solutions, and before that Bank of America Merrill Lynch’s Head of Energy Asset Finance Solutions. Prior to BAML, Mr. Hasan was responsible for structured transactions at Shell Energy. Mr. Hasan spent 10 years at Deutsche Bank, in New York and Houston, where he was the founding member of the principal finance and structured credit businesses, including market-leading infrastructure and energy lending businesses. Mr. Hasan’s early career was as a trader at hedge fund Long-Term Capital Management.
Mr. Hasan holds a MBA (Honors) from The Wharton School, and a B.Sc. in Electrical Engineering and a B.A. in Economics (Honors) from Stanford University.
Executive Director- Head of Energy and Utilities - Global Trade & Working Capital Finance NA
JPMorgan Chase & Co.
Alexander Pliskin has been with JPMorgan Chase within the global trade organization since January 2020, as head of energy and utilities, trade and working capital finance.
Alex rejoined JP Morgan from BP Energy, where he spent four years as a director in both credit and structured trade finance. Prior to this he worked in the commodity division of the corporate and investment bank division at JP Morgan Chase where he served as a vice president and regional director in managing the firm’s commodity credit risk. Alex has over 25 years of experience in energy risk management supporting major energy and commodity risk management initiatives at RBS Sempra Commodities, Bank of America, and ANZ Investment Bank to name a few.
Alex graduated with a degree in economics and music/violin performance from Geneseo State University and has a Master’s in business administration from the Zicklin School of Business at Baruch College in New York with a concentration in finance.
16:00 – 16:30
Houston's hydrogen horizon: navigating new frontiers and establishing a hydrogen hub
- The potential of the hydrogen economy in Houston – what is in place now?
- Identifying sources of supply, defining blue and green hydrogen. How restrictive will incentives be?
- Qualifying and navigating tax issues
- Increasing demand to match supply
- What is the right model?
- What type of transportation will be successful?
- Examining hydrogen facilities: creating a value chain, production storage and consumption
16:30 – 16:50
Regulatory expectations for energy and trading companies in North America
- Regulatory changes trading companies can anticipate in the foreseeable future
- How these alterations may influence trading strategies and compliance frameworks
- The Inflation Reduction Act one year on: the state of play and what to expect next
16:50 – 17:00
17:00 – 18:30