Front to Back Office: Trading Controls and Best Practices

Course Summary
This fascinating and interactive workshop will give delegates a thorough understanding of best practice controls to be applied in commodity trading activities.Delegates are encouraged to think about the controls processes applied in their own operations, through interactive group case studies, in order to minimize the chances of similar expensive trading mistakes.Recent trading "failures" will be analyzed.
8CPE creditsawarded for this course .

Requirements:
Princeton Energy Programme's Fundamentals of Energy Futures , Options I - Fundamentals of Energy Options , and Energy Risk Management or equivalent experience.

Pre-classroom Study
As part of our blended learning package, this workshop has a specific web-based course which is recommended as pre-classroom study. Upon registering for the workshop delegates will receive details of how to access the web-based course. Access to the web-based course is included in the price of the classroom course. To optimize your classroom experience, it is recommended you take the appropriate online study as close to the classroom date as possible. The recommended pre-classroom study for this workshop is PrincetonLive.com's
Charting a Course through Commodity Risk .

Suitability:
Class delegates include everyone from support staff to management from trading, risk management, operations, accounting, credit, and contracts groups. This one-day workshop is perfect for those concerned with "front office", "mid-office", and "back office" functions for international and domestic energy commodity companies (crude oil, petroleum products, natural gas, electricity and coal) and other commodities (grains, metals, etc.).

• Key types of risk (faced by management and the trading room)
  
• Details of recent spectacular failures
  
• What happened and why
  
• Same company or different planets?
  
  
  
  • Front Office
    
  • Mid-Office
    
  • Back Office
    
  
  
• The overall controls process
  
• Trading controls "Best Practices" guidelines
  
  
  
  • Executive management
    
  • Trading management
    
  • Traders
    
  
  
• Trading authorities - limits and layers
  
• Prioritizing more deals vs. better controls
  
• Trading room controls