Program

Program

Program

Pre-conference event on May 13: Digitalization of Energy Markets: Cloud, Robotics and Data Analytics
Post-conference event on May 16:
Risk Management Live: Making a Market Call in the Real-Time Simulation

Day One - May 14, 2019

 

Arrival: 7.30 AM, Presentation: 7.45-8.30 AM

Morning breakfast briefing with EKA SOFTWARE SOLUTIONS

How can technology enable richer decisions?

By invitation only

08:20

Registration and refreshments

08:50

ENERGY RISK WELCOME ADDRESS: Stella Farrington, Head of content, ENERGY RISK

09:00

OPENING KEYNOTE ADDRESS: The changing nature of physical & derivatives market structures: The impact on end-users and market liquidity

Dan Berkovitz, Commissioner,  U.S. COMMODITY FUTURES TRADING COMMISSION

9.40

EXECUTIVE ADDRESS:  Disentangling the impact of financial flows on oil markets

Ilia Bouchouev, Managing Director, Global Head of Derivatives, KOCH SUPPLY & TRADING

10:20

OPENING PANEL: Digitalization of energy markets: Harnessing new technologies to build the risk function of the future

  • Understanding what’s out there and which products will best address your challenges

  • What can artificial intelligence, machine learning, robotic process automation and natural language processing bring to the trading and risk functions?

  • Building a business case and measuring ROI on new technologies

  • AI: Build or buy – will energy companies need to become technology firms?

Moderator: Sid Dash, Research Director, CHARTIS RESEARCH
Partha Chatterjee, Program Directorate, Global LNG and Gas Trading Systems, SHELL
Glen Mackey, Chief Risk Officer, NRG ENERGY
Aiman El-Ramly, Chief Operations Officer, ZE POWER

11:00

Morning break and opportunity to network

KNOWLEDGE CAFÉ: Grab a coffee and join a table of your choice to share ideas and network with fellow industry professionals.

  • Rethinking the ERM framework: Best practices and biggest challenges

  • Trade monitoring & analysis – Evolving into the trusted advisorLed by: John Doran, Global Director, Trade Monitoring &  Analysis, CONOCOPHILLIPS 

  • A new era for analytics in power markets: The use NLP and sentiment analysis - -  Led by:  Akshay Singh, Quantitative Analytics Manager, WGL ENERGY

  • Innovation in commodity structured financing: This is not your plain vanilla loan -  Led by: Shabana Qaiser, Director, Assistant General Counsel, BANK OF AMERICA

ERM, Credit, Operational & Market Risks

Chair’s opening remarks

11:40

PANEL: Building a robust ERM program

  • What are the trends and best practices?

  • Deciding which risks to measure

  • How best to communicate qualitative risk analysis

  • What is the optimal interface between ERM and the traditional risk function?

  • Best use of analytics

  • Integrating ERM framework with strategic planning

Philip North, Vice President, Global Risk Management, THE AES CORPORATION
Glenn Labhart, Partner, LABHART RISK ADVISORS
Jie Zhou, Director, ERM Analytics, EXELON
Alex Zhukovsky, Director, Energy Portfolio Risk Management, NATIONAL GRID

12.20

PRESENTATION: The risk management nightmare in ERCOT

  • Analysing significant volatility in Texas power market

  • What is driving these market trends?

  • What is ERCOT doing to stabilize the market?

Speaker to be announced

12.50

PRESENTATION: Counterparty credit risk management: Best practices in  a current environment

  • Assessing counterparty risk and the latest trends in credit risk monitoring
  • Have credit rating agencies regained the trust of their clients trust?
  • How are Big Data and new analytics being used in the credit risk function?
  • How to integrate counterparty risk management in the broader risk management function?

Doug Adair, Senior Director, Credit Risk, DIRECT ENERGY
Nithya Venkatesan, Manager, Corporate Risk, HESS

Speaker  to be confirmed

1.20

Lunch and opportunity to network

2.20

PRESENTATION: Dynamic risk based approach to client screening

  • Key divers behind client screening
  • Evolution of counterparty risk analysis
  • Building a dynamic risk matrix
  • Analytic capabilities of a dynamic risk matrix
  • Counterparty risk: Things to watch in 2019

Jennifer Plank,  Senior Analyst, Global Trade Monitoring & Analysis, CONOCOPHILLIPS 

2.50

PRESENTATION: Apply analytics to strategic risk management

  • Traditional analytics
  • Alternative approaches
    - System Dynamics
    - Game Theory
    - Others
  • Risk-informed capital allocation process

Jie Zhou, Director, ERM Analytics, EXELON

3.20

PANEL: When all hell breaks loose, is your business continuity management (BCM) framework ready for it?

  • What is your BCM framework? What weaknesses have recent extreme weather events revealed in it?

  • How to build a robust BCM strategy? What factors do you consider?

  • Should firms plan for more frequent extreme weather events?

  • How beneficial are cloud and other technologies in helping firms manage extreme events?
     

Stuart Krohn, Head Global Market Risk Gas, Power & Energy Trading, SHELL TRADING & SUPPLY
Sarah McDowell, Head of Commodity Risk for Natural Gas, Valuations, NAGP, BP ENERGY COMPANY
Earl Burns, General Manager, Global Market Risk, Pricing & ERM, PHILLIPS 66

Trading Surveillance, Compliance & Practical Case Studies

Chair’s opening remarks

11:40

TRADE SURVEILANCE MASTERCLASS: Building an intelligent trade surveillance program that works for your organization

Part I: Setting the scene: What is the global scope of regulatory expectations?

Part II: Defining what really matters and what doesn’t in your trade surveillance program

Part III: Building in-house vs. buying: What is the right mix for you?

Part IV: Detecting disruptive behaviours: What tools are helpful in spotting high-risk behaviours?
 

Kathryn Patton, Trading Compliance, CALPINE
Tom Lord, President, DYNAMIC COMMODITY MANAGEMENT  

12:50

PRESENTATION: Focus on contract risk: Boosting profits by understanding and renegotiating your contracts

  • What processes and resources you need to have in place to manage contract risk?

  • Are you taking a full advantage of what is agreed in your contracts?

  • Some practical examples

Glen Mackey, Chief Risk Officer, NRG ENERGY

1:20

Lunch and opportunity to network

2.20

Update from the cleared futures world

  • Futures and swaps market overview
  • Clearing vs. Non-Clearing: What are the Issues in the evolving regulatory environment?
  • How is risk manged by cleared futures?
  • What can we learn from the power defaults in 2018?

 Paul Cusenza, Chairman and Chief Executive Officer, NODAL EXCHANGE

2.50

CASE STUDY:  Lessons from two commodity defaults

  • The autopsy: What happened at Greenhat/PJM and Nasdaq?
  • What do these defaults teaches us about electricity markets?
  • What risk management failures have these events revealed?
  • What regulators and exchanges need to learn from the Greenhat/PJM and Norwegian Nasdaq defaults?

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

3.20

PANEL: Ecommunication: Beyond compliance to best practices in the industry

  • Mitigating conduct, financial and reputational risks with effective e-communication program

  • Key considerations for real-time surveillance of electronic communications

  • How can communication surveillance help build more robust liaison between compliance and front-office

  • Using AI to achieve e-communication compliance and more

Moderator:  Tom Lord, President, DYNAMIC COMMODITY MANAGEMENT  
Eileen Merrigan,  Senior Manager, Compliance Controls, HARTREE PARTNERS
John Clowney, Senior Vice President,  Compliance, CITIGROUP
Justin Gilli, Director, Regulatory Compliance, NRG  

4.00

Afternoon break and opportunity to network

4.30

PRESENTATION: Human and the machine: The use of robotic process automation (RPA) in energy trading and risk management

Speaker to be announced

5:00

RISING STARS PANEL: Energy risk management &trading 2.0: How do you see the sector changing while being a part of the change itself?

Hear what the next generation expect from a career in energy risk management!

  • What made you decide to enter the energy world and was it as you expected?

  • What motivates and excites you about energy risk management and trading?

  • What do you find discouraging about pursuing a career in this sector? Is it considered a sector to stick around in or is it seen as a stepping stone to other asset classes?

  • Is energy risk management keeping pace with technological advances?

  • Do you think postgraduate qualifications (such as ERPs, MBAs, and PhDs) are of value in your day-to-day job?

  • How do you see the industry and the role of the risk manager and trader evolving?

Moderator: Glenn Labhart, Partner, LABHART RISK ADVISORS
Ryan Barry, Energy Advisor, ENEL X NORTH AMERICA
Sarah Hayes, ERM Analyst, EXELON 
William Recktenwald, Research Analyst, TRAFIGURA

5.40

ENERGY RISK closing remarks followed by drinks reception

Day Two - May 15, 2019

08:30

Registration and refreshments

08:50

CHAIR’S OPENING REMARKS: Stella Farrington, Head of content, ENERGY RISK

09:00

OPENING KEYNOTE ADDRESS: Antoine Halff, Senior Research Scholar at the Center on Global Energy Policy, COLUMBIA UNIVERSITY

 

FOLLOW ON CONVERSATION WITH GLOBAL HEADS OF RESEARCH: The great American oil boom

  • Overview of the US crude oil market and the impact of growing exports

  • Marpol 2020: What are the key considerations?

  • Update on the infrastructure in the Permian Basin and the US Gulf coast

  • Geopolitical threats and how they impact global oil trade

Abhishek Deshpande,  Global Head of Oil Market Research & Strategy, J.P. MORGAN
Antoine Halff, Senior Research Scholar at the Center on Global Energy Policy, COLUMBIA UNIVERSITY

10.00

FOCUS ON BLOCKCHAIN: The new frontier: The future of blockchain technology in the energy sector

  • What progress has been made in blockchain applications in energy? How successful were the most recent implementation projects?

  • Update on large scale blockchain-based platforms for energy/commodities trading

  • Blockchain in energy: Does it have a realistic chance of becoming a new frontier in energy trading?

Moderator: Minal Dalia, Power Commodity Risk Manager, BP
Arnaud Stevens, Managing Director, Head of Global Energy & Commodities, NATIXIS
Robert Trinnear, Managing Director, THE ENERGY AUTHORITY
Paul Cusenza, Chairman and Chief Executive Officer, NODAL EXCHANGE

10.40

Morning break and opportunity to network

KNOWLEDGE CAFÉ: Grab a coffee and join a table of your choice to share ideas and network with fellow industry professionals.

  • Becoming the global oil powerhouse: Understanding dynamics of booming oil production and impact on the US energy markets

  • Women in energy: Building a successful career in the traditionally male dominated industry - Led by: Funmi Williamson, Senior Vice President, Chief Commercial Risk Officer, EXELON CORPORATION
  • Managing weather risk on retail portfolios– Led by: Nitin Kumar, Senior Director, Market Risk, DIRECT ENERGY

  • Robotic process automation for utilities and energy sector: What are the key considerations?

ETRM & Data Analytics

Chair’s opening remarks

11.20

ETRM SYSTEMS BOOTCAMP

PRESENTATION: ETRM and the smart use of analytics

Chris Strickland, Chief Executive Officer, LACIMA

FOLLOW ON DISCUSSION: The evolution of ETRM systems: Where are you today, where should you be tomorrow?

  • How should ETRM systems adjust to new technologies such as AI and ML?

  • Building in-house vs. buying: What is the right solution for your organization?

  • Moving to the Cloud – how much and how fast?

  • Extracting unstructured data from ETRMs to produce decision-useful information

  • How flexible are new ETRM systems? How easy is it to add new business lines?

Moderator: Sid Dash, Research Director, CHARTIS RESEARCH
Jose Noyes, IT Architect Director,  ETRM Systems, ENGIE
Chris Strickland, Chief Executive Officer, LACIMA
Victor Yu, Principal, KWA ANALYTICS
Karen Lukacs, General Manager, Energy, EKA
Nima Safaian, Head of Trading Analytics, CENOVUS ENERGY

12.30

Lunch and opportunity to network

1.30

PRESENTATION: A pragmatic approach to extracting full value from legacy processes and models

  • Understanding the key components of a typical ETRM system
  • Creating new insights into risk and PNL drivers
  • Enabling better decision making with almost no change in IT infrastructure
  • Building more informative risk reports

Kevin Kindall, Senior Data Scientist, HARTREE PARTNERS

2.05

PRESENTATION: The role of machine learning and artificial intelligence in power trading

  • Use cases of machine learning and AI in power trading

  • Machine learning models in the power markets: Where do you start?

  • Training your machines: What are the biggest challenges?

Speaker to be announced

Renewables, LNG & Oil

Chair’s opening remarks

11.20

PRESENTATION: Managing Renewable Fuels Portfolio Risk

Earl Burns, General Manager, Global Market Risk, Pricing & ERM, PHILLIPS 66

11.55

PRESENTATION: Has US shale been over-hyped?

  • Has the shale revolution reached its peak?
  • Can US shale output grow fast enough to stabilise global oil prices?
  • Have shale recovery rates been overstated?
  • Will shale producers continue to get the financing they need?

Scott Lapierre, Reservoir Characterization Director, Founder, SHALE SPECIALISTS LLC

12.30

Lunch and opportunity to network

1.30

PRESENTATION: Assessing the climate risk: How are energy companies responding to the climate change policy and societal preference to prevent extinction?

Speaker to be announced

2.05

PRESENTATION: Using a financial-economics approach to forecast crude-oil spot prices

  • What do we mean by the “Message from Markets”?
  • Information in options prices:  Extracting forward-looking commodity betas
  • Whither crude oil prices?  While there is an abundance of prognosticators, consider a financial-economics approach to forecasting spot prices:
    - Demand- and supply-side effects in crude-oil futures
    - Markets:  Comovement (correlation) of oil and equity markets
    - A CAPM-based forecast of oil prices using forward-looking oil betas

Ehud Ronn, Professor Of Finance, McCombs School of Business , UNIVERSITY OF TEXAS AT AUSTIN

2.40

Afternoon break and networking

3.10

AFTERNOON KEYNOTE ADDRESS: The camel, the bear and the eagle slug it out for market dominance

Edward Morse, Managing Director, Global Head of Commodity Research, CITI GROUP 

3.50

CHIEF RISK OFFICER'S ADDRESS: Rethinking energy risk management

Funmi Williamson, Senior Vice President, Chief Commercial Risk Officer, EXELON CORPORATION

4.30

THE BIG RISK: The new world of renewables and distributed generation: Managing risk as the ground shifts

  • Managing existential risks associated with renewables, distributed generation and smart grid: How will utilities look in 5-10 years’ time?

  • From consumer to producer: How will prosumers change the market structure?

  • Renewables are changing traditional utility business models from the ground up: Are risk managers being sufficiently included in the conversation?

  • How is this transition changing the role of the risk manager? Less compliance, more strategy?

Moderator: Jenny Fordham, NACD Governance Fellow, Senior Vice President, Government Affairs, NATURAL GAS SUPPLY ASSOCIATION
Minal Dalia, Power Commodity Risk Manager, BP
Funmi Williamson, Senior Vice President, Chief Commercial Risk Officer, EXELON CORPORATION
Cengizhan Yenerim, Director of Demand Risk Management, ENGIE

5.10

ENERGY RISK closing remarks: Stella Farrington, Head of content, ENERGY RISK

5.20

End of the conference.