Risk Management

Date: Thursday, October 12, 2006
Time: 11:00 AM ET / 10:00 AM CT / 09:00 AM MT / 08:00 AM PT [Prevailing Time]
Presenter: Jeff Walker, Sr. Vice President & Chief Risk Officer, ACES Power Marketing
Moderator:
Learning Objectives:
There are seven steps defined that represent the risk management process: risk recognition, risk assessment, objective/policy setting, mitigation strategies, risk management execution, reporting, and monitoring/reassessment. This ongoing process flows from step to step in a circular fashion and then begins again.
Field of Study: Accounting
Program Level: Basic
CPE Credit: 1 Credit Hour
Delivery Method: Group Internet-based
Prerequisite(s): No advanced preparation or prerequisites are required for this course.

Course Description

Risk management provides a systematic approach to identifying, assessing, and managing risk. In doing so, it enables a company to optimize its opportunities, growth, and deployment of capital within the risk appetite of its stakeholders. There are seven steps defined that represent the risk management process: risk recognition, risk assessment, objective/policy setting, mitigation strategies, risk management execution, reporting, and monitoring/reassessment. This ongoing process flows from step to step in a circular fashion and then begins again. The benefits of a well designed risk management program are numerous and far reaching. Risk management becomes an integral part of the decision making process for management, enhancing supporting analysis and the quality of the outcome to help improve results. Adoption and implementation of a risk management program is consistent with emerging best practice standards regarding governance and the management of risk. An entity is enabled to better manage key performance indicators, improve capital budgeting decisions, and manage the expectations of its stakeholders.

Presenter and Moderator Bios

Presenter: Jeff Walker, Sr. Vice President & Chief Risk Officer, ACES Power Marketing

Jeffrey L. Walker Mr. Walker is the Senior Vice President & Chief Risk Officer of ACES Power Marketing (APM), headquartered in Carmel, Indiana. Mr. Walker joined APM in February of 1999 and led the design and development of the organization’s risk management capabilities to address the wide range of risks facing today’s energy suppliers. He has responsibility for APM’s ‘middle office’, where he oversees quantitative analysis, trading control, credit risk management, contract administration, and corporate development. Mr. Walker has been in the energy industry throughout his career focusing on energy risk management and the management of various financial functions related to power supply. Prior to joining ACES Power Marketing, Mr. Walker spent 17 years with Wabash Valley Power Association where he advanced through several management positions, including Controller and Manager of Planning. Mr. Walker is a CPA, and he earned his Bachelor of Science degree in accounting from Indiana University. He and his family live in the Indianapolis area.

Cost
$56.00 for NSAC Members / $70.00 for Non-Members

Delivery System

All programs are delivered using the Zoom platform.
Confirmations will include log-in instructions.
Participants are able to participate using any device with an Internet connect (if the device does not have speakers, the participant can also dial-in) or they can participate with audio only by dialing in.
All registrants will receive a link to the CLN’s recording by email within 48 business hours of event’s conclusion.
There will be assistance available to help with technical and connectivity issues up to 10 minutes prior to the start of the presentation.

All registration is done on-line and each guest must provide their name and email address to participate. All NSAC members may register for free. Non-members may register for a nominal fee.

NSAC will not issue refunds for CLNs. If a registrant is unable to participate in the CLN and provides notification to info@nsacoop.org 48 hours prior to the session, a credit will be provided for a future CLN. Alert the NSAC staff member monitoring the CLN if technical difficulties are encountered and technical support will be provided to eliminate problems with future CLNs.

Live participation is required for CPE credit and polling questions must be answered to document your active participation. All registrants will receive an email following the session with links to the slides and/or handouts, and a link to the CLN recording (unless otherwise stated). If you are unable to participate in the live session, you can still watch the recorded session, but you will not be eligible for CPE credits. Those eligible for credits will receive their certificate by email with 7 business days.

For more information regarding NSAC CLNs or administrative policies such as complaint and refund, contact the NSAC Headquarters, 7946 Clyo Road, Suite A, Centerville, OH 45459, 937-222-6707, or info@nsacoop.org.

What is NSAC's Cooperative Learning Network?
The NSAC Cooperative Learning Network is a live, interactive webinar, and you can attend from any location with internet and/or telephone access. NSAC members can attend an unlimited number of CLNs at no charge!

Each Cooperative Learning Network will have one or more speakers who are recognized experts on the topic. CLNs typically include a Q&A session where participants can ask questions live or by chat. No advance preparation or prerequisites are required, unless otherwise stated in the course information. Attendees are able to download copies of the slides and/or handouts and are provided a link to view the recording (unless the description states the session will not be recorded). These tools help continue your learning experience after the session.

CPE Credits
The National Society of Accountants for Cooperatives (NSAC) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor (#103068) of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

Delivery Method: Group-Internet Based.

Why NSAC Cooperative Learning Networks?

Fast.
No wasted time. Get right to the heart of the matter in a course designed to easily fit into your busy schedule.

Convenient.
No travel. No time out of the office. Listen and follow along from the comfort and convenience of your desk, device or conference room.

Easy.
A device with an Internet connection is all you need. If your device does not have sound capabilities, the ability to dial in from a telephone is available.

Ideal for multiple attendees.
Use a speakerphone and projector/monitor and invite as many people as you want to participate - at no extra cost to you.

Affordable.
NSAC Cooperative Learning Networks are free for members and available to non members at a fraction of the cost of travel and attendance fees for other high-priced conferences or seminars.