Program 2020

Program 2020

Program 2020

07:3008:20

Breakfast briefing
Is 2020 the right time to introduce a new model that is so sensitive to price volatility?

07:30 - 08:30

Tensions in the Middle East, presidential elections and an increase in green energy initiatives will come together in 2020 to create what can be described as a perfect storm for oil price volatility. Managing the impact on margin calls and short term liquidity planning will be testing under these volatile conditions, especially when you consider the added complexity of changes in margin calculation that are set to be introduced this year.

  • Increased price volatility in 2020 and the impact on liquidity planning
  • Switching from a SPAN-based initial margin calculation to a VAR based method
  • Actively predicting and managing the cost and liquidity impact of margin
  • Exploring options for managing this internally or through an industry utility

*Invite only*

If you’re interested in attending, please contact [email protected]

08:2008:50

Registration and refreshments

08:20 - 08:50

08:5008:55

Energy Risk welcome address

08:50 - 09:00

Stella Farrington

Senior editor, Energy Risk

Energy Risk

08:5509:00

Chairman’s opening remarks

08:50 - 09:00

09:0009:40

Opening address: Navigating through political risk in times of change

09:00 - 09:40

Marc Merrill

President & CEO

Uniper Global Commodities North America

 

 

09:4010:30

Panel discussion: COVID -19 and other tail risk events: how did your risk management program perform and what new we’ve learned about the tail risk?

09:40 - 10:30

Topics include:

  • What strengths and weaknesses COVID-19 have revealed in your risk management function?
  • What have we learned from previous black swans to prepare for this one?
  • How did pandemic stress tests hold up? 
  • What technology has proved to be helpful during this crisis?
  • What changes are you making today to make you better prepared for the next black swan event?

10:3011:00

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

10:20 - 11:00

Topics include:

  • Update on the physical market: how has the activity at the Permian basin have changed due to the pandemic?
  • How to make the use of alternative data sets in energy?
  • Climate change: what is the outlook for hydrocarbon production

11:0015:10

Stream

Stream one: Digitalization & data analytics

Panel discussion: What is your data strategy? (If you have one)

11:00 - 11:40

Topics include: 

  • The sources of data: what is available?
  • Data governance
  • How do you extract value from data?
  • Historical data: is it telling you a lot?
Ravi Prasad

Global vice president, digital products, innovation, and ecosystem

The AES Corporation

Ravi Prasad is a Digital Transformation leader who believes the future of energy business requires re-invention.  Throughout his career, Ravi has relied on his passionate entrepreneurial spirit and commitment to spearhead change via focused collaboration across some of the world’s most well-known organizations.  Ravi’s consultative approach to leading and advising teams has helped drive financial success and market growth across multiple highly complex industries, including finance, technology, and manufacturing.

In current role, Ravi is responsible for driving digital commercial transformation, Data-driven augmented decision making and new revenue models from AI/ML based cognitive engineering.

Ravi’s prior roles include GE Renewable Digital as Chief Growth Officer, Blackstone Group as operational executive and KPMG as management consultant. He has setup global data practices and run P&Ls.

Ravi holds a management degree from Kellogg School of Management and engineering degree from Massachusetts Institute of Technology.

Haibin Sun

Director, risk analytics

Exelon

Stuart Krohn

Head global market risk Gas, power & energy trading

Shell Trading & Supply

A gentle introduction to deep learning for trading

11:40 - 12:30

  • What is deep learning and why should traders and risk managers care?
  • Gentle overview and key tools and concepts: tensors, tensorflow, dense networks, RNN, CNN, LSTM
  • What is deep reinforcement learning?  
  • Three use cases for deep learning
Nima Safaian

Head of trading analytics

Cenovus energy

Nima Safaian is the head of trading analytics with Cenovus Energy in Calgary, Canada. In this role, he applies Data Science and Statistical Learning methodologies to get better insights on risk/reward opportunities. Previously Nima worked as a risk manager with Scotiabank and  BP's Integrated Supply and Trading Group. Nima is an active member of GARP Calgary where he leads seminar/workshop series on the practical applications of Big Data and Machine Learning to trading and risk analytics. Nima holds degrees in nuclear engineering and an MBA.

Panel discussion: Reinventing the ERM framework

12:10 - 12:50

Topics include:

  • Capturing new market trends in your ERM program
  • Enhancing ERM with new data sets and analytics
  • Integrating ERM framework with strategic planning
  • What strengths and weaknesses have COVID-19 revealed in your ERM program?  
Nithya Venkatesan

Manager, corporate risk

HESS

Nithya Venkatesan has over 15 years of risk management experience spanning credit risk, market risk and enterprise risk.  She currently serves as Manager, Corporate Risk for Hess Corporation (Hess) globally. Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. Our company’s purpose is to be the world’s most trusted energy partner.

Our company has an industry-leading position in a key U.S. shale play -- the Bakken in North Dakota. Hess is also one of the largest producers in the deepwater Gulf of Mexico and a key natural gas producer and supplier to Peninsular Malaysia and Thailand. The company is engaged in exploration and appraisal activities offshore Guyana, participating in one of the industry’s largest oil discoveries in the past decade with the first phase of a planned multi-phase development of the Stabroek Block in Guyana underway.  Her responsibilities include managing the day to day credit and market risk functions, oversight and reporting of the regulatory requirements associated with commodity risk, supplier credit risk and financial reporting related to commodity risk hedge accounting.

Raised in Houston, Nithya now lives with her family in Sugar Land, TX.    

Glenn Labhart

Chairman of the Energy Risk Diploma Program, GARP & principal

Labhart Risk Advisors

Glenn Labhart has more than 25 years of experience in the design and implementation of

risk management processes and policies and has been a leader in helping the industry define today’s risk environment and plan for the uncertainties of the future.

He is the first energy-industry chief risk officer to receive the Financial Risk Manager of the Year Award from the Global Association of Risk Professionals (“GARP”). Glenn now serves as the Chairman of the Energy Risk Diploma program for GARP.  

In March 2004 Glenn Labhart formed Labhart Risk Advisors Inc., providing expertise in risk management that provides a diverse approach for clients requiring expertise in energy, complex modeling and independent valuation.

Glenn is a frequent lecturer and speaker utilizing his subject matter expertise on a variety of legal matters from his direct experience to provide of industry practices to the Commodity Futures Trading Commission, Securities and Exchange Commission and Federal Energy Regulatory Commission, business clients and Dynegy.

From August 1997 to March 2004, Glenn was senior vice president and chief risk officer for Dynegy Inc. During the period at Dynegy, Glenn led the independent valuation of due diligence for all mergers and acquisitions that included European, Australian, Latin American and US based transactions; serving as a Board member for subsidiary companies from Dynegy acquisitions.

Glenn’ s career is supported by a BBA from Abilene Christian University, and the Rice University Executive Management Program, Professional memberships include the United State Energy Economics Association, the International Energy Economics Association, and serves on the Advisory Council for the Master of Energy Business program/University of Tulsa.

Lunch and opportunity to network
Lunchtime interactive roundtables:

12:50 - 13:50

Topics include: 

  • How well do you understand the sanction risks in your organization?

  • Few years or centuries? How fast will renewables replace traditional power generation

  • The use of neural networks in energy: what problems it can solve?

  • The changing face of the ETRM software marketplace

  • The US shale gas – how is it going to weather the storm?

The ETRM  masterclass

13:50 - 15:10

The masterclass will include:

Presentation: Data and ETRM: utilizing smart analytics  

Follow on discussion: Innovation & new trends in the increasingly consolidated ETRM market

  • What are the new trends and new players in the ETRM space?
  • Moving to the cloud – how much and how fast?
  • The use of AI and ML in ETRM systems
  • Extracting unstructured data from ETRMs to produce decision-useful information
Partha Chatterjee

Program directorate, trading and supply

Shell

Partha Sarathi Chatterjee is leading energy trading and risk technology for Global LNG and Gas trading systems as part of Program Directorate at Shell Trading and Supply. Previously, he was part of market facing strategy for Product Management at OpenLink Financial, the global leader for financial products and technology. Before that, he was Managing Director at Capco Energy Solutions, formerly SunGard Consulting Services.

His expertise encompasses energy and trading risk management (ETRM) systems, risk management and trading analytics, regulatory compliance, and governance. He compliments that with deep technical knowledge in enterprise architecture, digital transformation, data and analytics, AI and mathematical modeling. As a global expert on trading and risk management, Partha has worked on think-tanks and summits, advising governments, regulatory boards and financial institutions. Partha brings strategic vision and leadership capabilities in driving solutions and roadmaps as technology executive.

Partha has held technology leadership positions at many companies, including Schlumberger, El Paso Energy (Previously Tenneco), Accenture, Sapient among others.

Partha holds a Bachelor of Technology (Honors) with first class in computer science and engineering from the Indian Institute of Technology (IIT) (Kharagpur) in India, as well as a master’s degree in computer science from the University of South Carolina and an MBA from Texas A&M University, specializing in finance and MIS.

Partha lives in Houston and enjoys sports and music with his wife, Arpita and children, Ishaan and Trisha.

Jose Noyes

IT architect director, ETRM systems

ENGIE

Jose Noyes has almost twenty years of experience in energy risk trading management.  Currently, Jose holds the position of IT Architect Director of ETRM Systems at ENGIE Energy Marketing NA, Inc., an energy trading and marketing subsidiary of ENGIE, a French multinational electric utility company which operates in the fields of electricity generation and distribution, natural gas, nuclear and renewable energy.  In this role, Jose is responsible for the implementation and maintenance of ETRM solutions for operations associated with front office trading, risk management, back office, data integration and data analytics.  He works with senior level business partners to evaluate requirements, design system interfaces, manage data and calculations, develop system test and integration plans, execute test procedures, and support end-users.  Additionally, Jose leverages his in-depth technology expertise to support the business, provide project management services, mentor software developers and supply hands-on technical input.  Previously, he was the Product Manager of Aligne TRM at FIS (successor to SunGard and Caminus).  He graduated Phi Beta Kappa from Columbia University with a bachelors of art degree in economics and mathematics. 

Victor Yu

Executive vice president of Americas consulting

KWA Analytics

Victor Yu has over 25 years of experience in energy/commodity trading, risk management, and technology consulting serving clients in the energy, commodity, banking/financial services, and utility sectors.  Currently as EVP of Americas Consulting with KWA Analytics Victor and his team provide advisory services and consulting for companies implementing technology solutions including C/ETRM systems.    

Prior to joining KWA, he was a senior manager with EY's Commodities Markets Technology practice, specializing in trading and risk management technology and applications of newer disruptive technologies such as blockchain.  Before EY Victor worked with ETRM software vendor OpenLink for 13 years where he was the Director of Business Services in the New York City office. 

He has a BS in Applied Economics & Business Management from Cornell University, an MBA in Finance from Fordham University, and certifications as an Energy Risk Professional (ERP) from GARP, Risk Management from NYU, and in Business Analysis and Project Management from Villanova University

Stream

Stream two: Market structure, pricing & trade surveillance

Panel discussion: The financial world of energy: interactions between physical & financial markets

11:00 - 11:40

Topics include:

  • How are energy markets changing? How do they compare to financial markets?
  • New players in energy markets: increasing presence of hedge funds 
  • What’s the role of institutional investors in commodity markets?
  • How will the changing nature of industry players will change the industry itself?
Gregory Broussard

Senior director, energy trading & market strategy

Cargill

Ehud Ronn

Professor of finance, McCombs School of Business

The University of Texas at Austin.

Ehud I. Ronn is a professor of Finance at the McCombs School of Business, University of Texas at Austin.  He received his Ph.D. from Stanford University in 1983.

In addition to teaching at the University of California, Berkeley, Dr. Ronn has held visiting appointments at academic institutions in the U. S., Europe and the Far East.  He has published articles on investments, interest rate instruments and energy derivatives in the academic and practitioner literature.

From 1991 to 1993, Dr. Ronn served as Vice President, Trading Research Group at Merrill Lynch & Co.  Dr. Ronn was the founding director of the University of Texas Center for Energy Finance from 1997 to 2009.  From Jan. 2010 to Feb. 2011, Prof. Ronn was Commodity Market Modeling practice area manager at Morgan Stanley & Co.

In Nov. 2004, Dr. Ronn was selected by Energy Risk to the “Energy Risk Hall of Fame.” 

Parameterized calendar correlations: decoding oil and beyond

11:40 - 12:10

  • Empirical properties of historical realized commodities correlations
  • Parametric families for calendar correlations
  • Dynamics for instantaneous correlation
  • Calibration of the model
Roza Galeeva

Adjunct professor

NYU Tandon School of Engineering

Roza offers expertise   both in academia and industry. She has extensive  experience over 18 years with derivatives – modelling, pricing ,  risk management and data analysis. She has been employed at senior levels as a quant at Williams Energy, Northeast Utilities and most recently, for  13 years, 2005-2018 at Morgan Stanley.   She worked at MS in different roles and departments, including    the Valuation Group, and later MS  strats and  modelling   group. Her role involved fundamental research for commodities derivatives; data analysis, evaluation and optimization of commodity assets and transaction costs, calibration of model parameters, calculation of Greeks for commodity  derivatives; design of CCAR stress tests; commodity loans. She also worked  in the audit group on Validation of  VaR model for regulatory  project.

She has extensive research experience, published papers on geometry,  PDE,  dynamical systems and lately  in  financial engineering.

Since Fall 2017 she has   been teaching courses in financial engineering at NYU, Tandon School of Engineering and   working  with  students on research projects  on Commodity Derivatives.

Frequent at major financial engineering conferences.

She has Ph.D. in mathematical physics from Moscow State University.

Panel discussion: The changing structure and complexity of the hedging market

12:10 - 12:50

Topics include:

  • What have we learned about hedging during COVID-19?
  • Can existing hedging structures support big price crashes? 
  • Advantages and disadvantages of the costless collar
  • How is the hedging market changing and what is the way forward for the industry
Lunch and opportunity to network
Lunchtime interactive roundtables:

12:50 - 13:50

Topics include: 

  • How well do you understand the sanction risks in your organization?

  • Few years or centuries? How fast will renewables replace traditional power generation

  • The use of neural networks in energy: what problems it can solve?

  • The changing face of the ETRM software marketplace

  • The US shale gas – how is it going to weather the storm?

Update from the cleared futures world

13:50 - 14:30

  • How do cleared futures fit into the power markets?
  • How is risk managed by cleared futures?
  • What did we learn from the 2018 power defaults and what is changing?
  • Can clearing provide credit protection for FTRs
Paul Cusenza

Chairman & chief executive officer

Nodal Exchange & Nodal Clear

Nodal Exchange is a commodities exchange providing participants the ability to trade and central counterparty clear hub, zone and nodal power futures and options contracts in North America achieving over $35 Billion in notional value open interest and 45% market share in monthly futures open interest. The company also offers natural gas, environmental and trucking freight contracts.  Nodal Clear, a wholly owned subsidiary of Nodal Exchange, is registered as a derivatives clearing organization and acts as the central counterparty clearing house for Nodal Exchange contracts.  Nodal Exchange became part of the EEX Group in May 2017.  Mr. Cusenza led Nodal Exchange to its commencement of trading in April of 2009 and the market has seen great growth since its launch. 

Mr. Cusenza has over thirty years of experience in building and managing businesses. He was co-Founder and co-President of 23andMe, a personal genetics company which Time Magazine identified as “The Best Invention of the Year” and which has now achieved “unicorn” status.  He was also the Senior Vice President of Marketing and Alliance Management at Perlegen Sciences. He was part of the Senior Management Team of Capital One Financial during a period of great growth in the 1990s. Prior to Capital One Financial, he was a Vice President and Partner at Mercer Management Consulting (now Oliver Wyman) for nearly a decade focusing on financial services. He also worked for IBM early in his career. Mr. Cusenza holds a Masters of Business Administration degree from the Harvard Business School and a B.S.E. in Mechanical Engineering from the University of Michigan.

  

How to conduct order monitoring: key elements in order management program

14:30 - 15:10

Topics include:

  • Benchmarking solutions: build vs. buy
  • Use cases of machine learning/AI in order monitoring
  • Best practises associated with independent peer reviews
  • Is your program doing what it is designed to do?

15:1015:40

Afternoon break

15:10 - 15:40

15:4016:20

Panel discussion: Increasingly global – increasingly complex: managing risk and trading operations in converging energy markets

15:40 - 16:20

Topics include:

  • How has COVID-19 outbreak changed expectations and hopes for the US shale business and global ambitions?

  • How do US companies changing approach to risk management and trading due to increasingly global operations?

  • What are the key challenges in supporting global energy trading and risk management functions?

  • Growing execution risks: how to make sure you have right systems and processes in place to run an effective global operation?

  • Aligning your systems, people and data strategy to meet your global goals
Mitesh Doshi

Global head of risk management, chief risk officer

TrailStone Group

Mitesh Doshi is Global Head of Risk Management and Chief Risk Officer for Trailstone Group Company with headquarters in Austin, TX. Trailstone participates in a variety of domestic and global energy markets including natural gas, power, crude and products, coal and emissions.

Mitesh has about ~13 years of experience in multiple Quant, Risk and Trading roles at Trailstone, NextEra Energy and Exelon Corporation

Mitesh holds a Bachelor of Engineering degree in Computer Engineering from Mumbai University (‘04) and Master’s of Science in Mathematical Finance from Illinois Tech (’06)

Ammar Ansari

Head of risk

Gunvor Group

Farai Mtetwa

Lead architect & developer, commodities

Beacon Platform

16:2017:00

Closing debate: Filling in the talent gap: how to attract and develop talent in an increasingly machine-run world

16:50 - 17:30

Topic include:

  • The COVID-19 experiment: what have we learned about our teams during the pandemic?
  • Attracting new talent to energy: why it has been a challenge?
  • In an increasingly machine-ran world, how do you attract the talent with the right skill set and help him/her develop it further?
  • What valuable skill sets are diminishing due to the increased use of machine learning solutions? How can organizations preserve them? 
Glenn Labhart

Chairman of the Energy Risk Diploma Program, GARP & principal

Labhart Risk Advisors

Glenn Labhart has more than 25 years of experience in the design and implementation of

risk management processes and policies and has been a leader in helping the industry define today’s risk environment and plan for the uncertainties of the future.

He is the first energy-industry chief risk officer to receive the Financial Risk Manager of the Year Award from the Global Association of Risk Professionals (“GARP”). Glenn now serves as the Chairman of the Energy Risk Diploma program for GARP.  

In March 2004 Glenn Labhart formed Labhart Risk Advisors Inc., providing expertise in risk management that provides a diverse approach for clients requiring expertise in energy, complex modeling and independent valuation.

Glenn is a frequent lecturer and speaker utilizing his subject matter expertise on a variety of legal matters from his direct experience to provide of industry practices to the Commodity Futures Trading Commission, Securities and Exchange Commission and Federal Energy Regulatory Commission, business clients and Dynegy.

From August 1997 to March 2004, Glenn was senior vice president and chief risk officer for Dynegy Inc. During the period at Dynegy, Glenn led the independent valuation of due diligence for all mergers and acquisitions that included European, Australian, Latin American and US based transactions; serving as a Board member for subsidiary companies from Dynegy acquisitions.

Glenn’ s career is supported by a BBA from Abilene Christian University, and the Rice University Executive Management Program, Professional memberships include the United State Energy Economics Association, the International Energy Economics Association, and serves on the Advisory Council for the Master of Energy Business program/University of Tulsa.

Michael Rosenberg

Active Power Investments

Manager

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.

17:0017:10

Energy Risk closing remarks followed by drinks reception

17:30 - 17:40

08:5009:00

Chairman’s opening remarks

08:50 - 09:00

09:0009:40

Opening keynote address: The state of the US energy market in times of the pandemic and political turmoil

09:00 - 09:40

Dean Foreman

Chief economist

American Petroleum Institute (API)

Dr. Dean Foreman is Chief Economist for the American Petroleum Institute. He earned his Ph.D. in economics from the University of Florida and brings more than 20 years of industry experience in corporate strategic planning, forecasting, risk management, and finance. Before joining API, Dr. Foreman was the lead economist for ExxonMobil Corporate Planning between 2002 and 2008. From 2009 to 2013, he was a member of the executive team at Canadian-based exploration and production company Talisman Energy, where he focused on corporate planning, hedging/marketing, and business development. In 2013 to 2015, he directed the risk management function in North America for South African energy and petrochemical conglomerate Sasol, where he helped drive business cases for $25 billion in U.S. mega projects, including the $11 billion ethane cracker and derivatives complex in Lake Charles, Louisiana. Most recently, he was with Saudi Aramco Strategy & Market Analysis in Dhahran, where he managed short-term market monitoring and the long-term oil demand outlook.

09:4010:20

Panel discussion: Sour vs. sweet: the future of oil market dynamics in the world of the IMO

09:40 - 10:20

Vikas Dwivedi

Global oil and gas strategist

Macquarie

Sunaina Pai Ocalan

Director, corporate strategy

HESS

Ocalan is responsible for keeping the Hess executive team abreast on macro-economic factors, and elements of supply and demand of oil and gas; how costs are trending in the industry, and other macro themes and perspectives.  She is also responsible for competitor intelligence, and monitoring strategic trends in the industry.

She has 18 years’ experience in the oil and gas industry, in various functions – she started her career with Schlumberger, working as an electrical design engineer on the coring tool and the MDT.  After getting her MBA, she switched gears and joined a boutique management consulting firm that got acquired by IHS CERA in Cambridge, MA. Through the acquisition she was with CERA for 6 years.  In 2012, Ocalan joined Hess as a development plan engineer for the Utica asset.  She had a development role in the Commercial group helping with decisions on Hess’ Bakken asset.  Prior to taking the Corporate Strategy role, she supported all of Hess’ offshore assets and was responsible for decision analysis and economics for GOM, Asia, and Europe.  

Ocalan holds a bachelor’s degree in Electrical Engineering from Bombay University, India, a master’s degree in Electrical Engineering from Pennsylvania State University, PA, and an MBA from Rice University in Houston.

10:2011:00

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

10:20 - 11:00

Topics include:

  • Economics of the battery storage
  • Recent trends in the shareholder activism in energy 
  • What is the next step for renewables in the liquid fuels market?

11:0014:30

Stream

Stream one: Risk & back office operations

Panel discussion: Optimization of the back office operations in risk management and trading functions

11:00 - 11:40

Topics include:

  • What have you learned about your back office and risk processes during the outbreak?
  • How it has changed your priorities? What activities can be eliminated? 
  • Effective ways to reduce costs
  • How to effectively update/replace legacy systems
  • How can the front, middle and back office work together more effectively?
Alex Zhukovsky

Director, energy portfolio risk management

National Grid

Dr. Zhukovsky has worked as a "quant", a manager, and a director of Energy Portfolio Risk Management at National Grid for more than ten years. He also has been serving as a chair of Commodity Management Committee and a Director of Quantitative Risk and Financial Reporting. Dr. Zhukovsky specializes in applying advanced mathematical and computational techniques to the real-world energy risk problems, developing risk reporting, advanced risk metrics, and valuation models. He played a key role in three Energy Risk Management and two Data Management System implementations. Before joining National Grid, he worked as an adjunct professor at SUNY at Stony Brook and an analyst/software developer for firms specialized in scheduling, dispatching, and supply chain optimization. He holds advanced degrees in Applied Mathematics and Management and Policy.

Christian De Santis

VP, accounting, finance & control

Eni North America

Since 2015, he is VP Accounting, Finance and Control of Eni Trading and shipping Inc. (ETS US), an oil & gas trading company based in Houston; during 2019, he also has the same role with Eni Transporte y Suministro México, S. de R.L. de C.V..

He spent most part of his 15+ years career within the oil & gas trading business.

From 2018 until June 2015, he had various roles within the new Eni Trading and Shipping SpA (holding company of ETS US), the primary energy trading Company of Eni based in Italy with branches in London, Brussels and Singapore; he primarily supported the Company to implement and streamline the Accounting and Back Office processes.

During the above period, he was also the Chief Financial Officer of an Italian upstream  Company providing on shore and off shore engineering services.

At the earliest stage if his career (2003), he joined the Eni Advisory Team managing the Eni Group transition from Italian Gaap to IFRS so to became an IFRS and US Gaap subject expert.

Modeling energy prices in the world of negative pricing

23:40 - 12:20

Kevin Kindall

Senior data scientist

Hartree Partners

Kevin Kindall is a Senior Data Scientist at Hartree Partners. Prior to joining Hartree, he held front and middle office positions at ConocoPhillips, Enron, and EDF Trading. He has a Ph.D. in Physics from Clemson University, and a Masters in Computational Finance from Carnegie Mellon University, and serves on the Alumni Relations Board for the Tepper School of Business.

 

 

Lunch and opportunity to network

12:20 - 13:50

Panel discussion: Managing cyber threats in the data driven world

13:20 - 13:50

Topics include:

  • Identifying  and managing  threats and vulnerabilities in your organization
  • What vulnerabilities have been exposed during the COVID – 19 outbreak?
  • Integrating  IT risk as part of a comprehensive ERM strategy
  • How to quantify cyber risk as a financial risk
  • Understanding IT risks in the context of the business
Glade Wishart

Head of compliance, North America

EDF Trading

Panel discussion: Blockchain in energy: when will it become a new frontier in energy?

13:50 - 14:30

Topics include:

  • Successes and failures of blockchain projects
  • Update on large scale blockchain-based platforms for energy/commodities trading
  • Applications for oil and gas businesses
  • Has blockchain technology proved to be helpful during COVID-19?
Robert Trinnear

Managing director

The Energy Authority

Robert Trinnear is a widely respected expert in risk management and financial derivatives with two decades of industry experience. He brings invaluable strategic insight to The Energy Authority (TEA), leading trading services across all commodity types for TEA’s clients in the East Coast markets.  An entrepreneur by nature, Mr. Trinnear is spearheading TEA’s exploration and integration of blockchain technology. Mr. Trinnear’s expertise in both blockchain technology and energy make him a highly sought-after speaker at conferences across the country. His lengthy history of leadership roles at TEA gives him a unique perspective on the specific needs of clients as they adjust to significant change and opportunity in the energy markets.

In addition to leading one of public power’s most active trading desks in the nation, Mr. Trinnear was the Managing Director of Southern Horizon Consulting, where he specialized in financial risk management for clients in the technology, energy, and financial industries. He also worked for Tyson Foods Inc. and Mirant Corporation where he held a variety of trading and structured finance roles.

Mr. Trinnear holds a master’s degree in finance from Georgia State University, and a bachelor’s degree in management from Trinity College, Dublin. He also has an advanced diploma in business studies from the Dublin Institute of Technology and an Executive Certificate in Strategy and Innovation from the Massachusetts Institute of Technology.

Arnaud Stevens

Managing director, co-head of energy & natural resources Americas

Natixis

Managing Director and Head of Global Energy & Commodities, Trade & Structured Finance - Americas at Natixis Corporate & Investment Banking. Enthusiast for tech all things Fintech and Blockchain related.

Mr. Stevens joined Natixis in New York in August 2011. He specializes in Commodity Trade and Structured Finance and leads a commodity bankers team comprised of industry veterans. The team covers a wide range of sectors in the Americas, including Energy (Oil, Gas & Power), Metals (base and precious metals) and Agricultural products. The group has developed a strong expertise in physical commodity merchant finance and does focus on structured commodity finance solutions (syndicated Borrowing Base facilities, Structured Inventory/Repo financings, pre-export financings and Mining finance).

He has more than 20 years of experience in Corporate and Investment banking with a demonstrated track record in trade and structured commodity finance, debt & equity capital markets and asset-based financings. He has spent the majority of his career at Natixis and its legacy companies, and has held a number of senior management positions in the Natixis Group.

Arnaud graduated from Institut d'Etudes Politiques (Sciences Po) Paris and Stanford University Graduate School of Business.

 

Stream

Stream two: LNG, renewables & power

The use of weather derivatives in retail and renewable generation

11:40 - 12:10

Gary Taylor

Chief risk officer

BP Energy Company

Gary Taylor is Head of Commodity Risk for BP's NAGP commodity trading unit and Chief Risk Officer for BP Energy Company, a registered swap dealer under Dodd Frank, with headquarters in Houston, TX. BPEC and NAGP participate in a variety of domestic and global commodity markets including natural gas, power, NGLs, chemicals, and emission credits.

Prior to BP, Gary was a Director in KPMG's Financial Risk Management consulting practice, Controller of a capital markets hedge fund, Head of Origination and Structuring for Enron's Weather Derivatives desk, a Market Risk Manager at Enron, and to start his career, an auditor and consultant with one of the Big 8 Accounting firms.

Gary holds a Bachelor of Science degree in Industrial and Labor Relations from Cornell University (‘92) and received his CPA license in NY State in 1996

 

Spotlight on the LNG market

11:00 - 11:40

The session include:

Outlook for LNG: What does the future hold for the LNG market?

  • Drivers behind the LNG market
  • Complexities behind the LNG supply chain
  • Short-term and long-term outlook for the LNG

Follow on discussion: Developments in LNG pricing and hedging methodologies

 

Lunch and opportunity to network

12:20 - 13:50

Valuation, hedging and risk management for renewable portfolios

13:20 - 13:50

Topics include:

  • Structural change and new market dynamics
  • Risk dimensions in renewable portfolios
  • Meaningful uncertainty framework
  • Modeling wind and solar projects
  • Modeling batteries as physical hedges and merchant operations
  • Risk metrics for renewable portfolios
Carlos Blanco

Managing Director

ASCEND ANALYTICS

<p><strong>Carlos Blanco, Managing Director, Analytic Solutions, ASCEND ANALYTICS</strong></p>
<p>Dr. Blanco provides expertise to Ascend's clients in the areas of analytic modeling, forecasting, optimization and simulation and also contributes to advance the software product and services to meet the evolving client needs.<br />He is the former co-founder and managing director of Black Swan Risk Advisors where he worked with leading organizations worldwide on a wide range of advisory and education projects.</p>
<p>Dr. Blanco is also a faculty member of the Oxford Princeton Programme since 2004, where he teaches several courses on energy and commodity derivatives pricing, hedging and risk management. He has published over 150 articles on a wide range of financial and commodity risk management topics. Carlos was also a lecturer at the Finance department at the University of California, Berkeley.</p>
<p>He is a former VP, Risk Solutions at Financial Engineering Associates (FEA), where he was a member of the Executive Management Committee as well as an essential contributor in the development and client support of the financial and energy derivatives pricing and market risk management models.</p>
<p>Dr. Blanco holds a Ph.D. in Finance from Universidad Complutense, Madrid, where he was awarded "Magna Cum Laude".</p>
<p>&nbsp;</p>

Panel discussion: The power of renewables and technology

13:50 - 14:30

Topics include:

  • The current state of renewables and technology and how it is reshaping the utility’s business
  • Integration of renewables in the energy system
  • From consumer to producer: how is industry adapting to the growing prosumers base?
  • How is your organization adapting to the new ecosystem and growing complexities?
Jonathan Hargrove

Director, power and gas trading

Invenergy

Jonathan Hargrove is Director of Power and Gas Trading at Invenergy, a leading privately held global developer and operator based in Chicago. In his current role, he built and leads the commercial trading team executing hedge strategies for the merchant fleet of renewable and thermal generation assets in North America. Additionally, Jonathan negotiates commercial contracts and credit structures in domestic and international markets to support both new build and existing projects.

Jonathan has more than 18 years of business and consulting experience in the energy industry. Prior to Invenergy, Jonathan worked on the trading desks of Credit Suisse, Morgan Stanley and AES, and was part of the founding member teams at MP2 Energy and Sumer Capital. Jonathan has experience in power, natural gas and environmental trading as well as both wholesale and retail portfolio management. Jonathan spent five years with Accenture partnering with energy companies on commercial strategies, business capabilities and operating frameworks while evaluating and implementing supporting technology.

Jonathan holds a BS in Finance from Lehigh University and an MBA from The University of Chicago Booth School of Business.

Michael Enger

Energy market manager

Austin Energy

Adam Raphaely

Head of Emissions and Renewable Energy

MERCURIA

<p><strong>Adam Raphaely, Head of Emissions and Renewable Energy, MERCURIA</strong></p>

14:3015:00

Afternoon break

15:10 - 15:40

15:0015:40

Out-of-industry keynote address: Understanding impact with space data

15:00 - 15:40

Jason Maroothynaden

Business broker, business applications department

European Space Agency

Dr Jason Maroothynaden is an internationally experienced early-stage venture builder, deeply involved in the space industry. In 2017, joined at European Space Agency’s (ESA) Business Applications Team as Business Broker. ESA Business Applications provides ESA’s support for the commercialisation of satellite applications and space-using industry. The programme is offered across 19+ countries. Jason heads up access to finance in particular working in partnership with Venture Capital and Business Angel funds.

15:4016:20

Climate risk & stranded assets: measuring & managing risks associated with the climate change

15:40 - 16:20

Topics include:

  • How is your organization addressing risks related to climate change
  • Building the robust BCM strategy: what factors to consider
  • How beneficial are cloud and other technologies in helping firms manage extreme events?
  • Growing concerns over stranded assets
Orlando Flores

Director, enterprise risk management & solutions

CPS Energy

Freddy Cardozo

Chief supply & risk officer

Gas South

Alexander Rozenfeld

Managing director, founder

Climate Impact Capital

Alex Rozenfeld founded Climate Impact Capital, LLC in 2016 to help fill the market gap for early stage companies and investors seeking to make an impact on climate change. With 20 years of energy and innovation experience, Alex has worked extensively internationally as an entrepreneur, angel investor, and business developer and venture capitalist for Fortune 500 companies. His main focus has been on bringing corporations and entrepreneurs together to impact one of the world’s largest challenges – sustainable and plentiful energy access. He has been investing in energy technologies since 2001, including hydrogen, fuel cells, and energy storage. Notable roles have included involvement in the earliest H2 vehicle station in California, an international energy GameChanger, and the founding member and President at Shell Technology Ventures, LLC. Alex has been an active supporter of the energy entrepreneurship community as an energy co-chair of the Houston Angel Network, chair of the Energy Initiative at The Center for Houston’s Future, Advisory Board member of the Rice Alliance for Technology and Entrepreneurship, and an active adviser to many energy companies. Under Alex’s leadership, Climate Impact Capital supported the launch of Texas Innovates, a non-profit hardtech incubator working on energy and water challenges, where Alex is President of the BoD, and the Climate Salon, a peer network for climate investors. His work also includes international roles, such as the Advisory Board to the Energy Innovation Initiative at World Economic Forum (WEF).  Alex holds BSE magna cum laude from Princeton University, a degree from the Woodrow Wilson School of Public and International Affairs, and an MBA from MIT’s Sloan School of Management.

16:2016:30

Energy Risk closing remarks

16:20 - 16:30

Stella Farrington

Senior editor, Energy Risk

Energy Risk