Description

The program is designed to explore the practical application of operational risk models and techniques in the energy industry and how the use of advanced methodologies for operational risk management may contribute to adequate operational risk quantification and improved insurance programs. The course first provides an overview of the Risk Function in the broad sense – Enterprise-Wide Risk Management – followed by an explanation of operational risk concept and related methodologies, and concludes with a quantitative exercise illustrating the specific application of these methods for optimizing the insurance programs of firms in the industrial sector, particularly those in the energy industry.The program is designed to explore the practical application of operational risk models and techniques in the energy industry and how the use of advanced methodologies for operational risk management may contribute to adequate operational risk quantification and improved insurance programs. The course first provides an overview of the Risk Function in the broad sense – Enterprise-Wide Risk Management – followed by an explanation of operational risk concept and related methodologies, and concludes with a quantitative exercise illustrating the specific application of these methods for optimizing the insurance programs of firms in the industrial sector, particularly those in the energy industry.

For Whom: Senior Risk Managers, Risk Analysts, Operations Managers, Treasury Managers, Internal Control/Compliance Officers, Auditors, Accountants and Regulators in the  Energy/Power sector.