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(s): Jeff Walker, Sr. Vice President & Chief Risk Officer ACES Power Marketing
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: Management Advisory Services
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
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.

Registration

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.

Refund Policy

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.

Additional Information

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.