Front to Back Office: Trading Controls and Best
Practices
Date: 22 August 2008
Venue: Cape Town, South
Africa
Code: FTBO\ARSA08
Cost: GBP£720
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.
8 CPE credits awarded for this course.
Who Should Attend?
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.)
Prerequisites:
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.
Course Contents
- 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
Request brochure and registration
form
Click here to
request a brochure and registration form for this course.
