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Certified Energy Risk Officer

The "Hellenic Association of Risk Managers" (www.harima.gr) member of FERMA (Federation European of Risk Management Associations, www.ferma.eu) & FECMA (Federation of European Credit Management Associations, www.fecma.eu), with the support of "Academics University of London Worldwide" and SEV and in collaboration with the "Risk Training Institute" of ICAP CRIF, present the "Certified Energy Risk Officer" training program that leads to the corresponding certification after examinations.

The "Certified Energy Risk Officer" certification by the "Hellenic Association of Risk Managers" is awarded only to Association’s members and they keep their title as long as they are up to date regarding their membership. The H.A.RI.MA. first year’s registration fee is free of charge for the attendees that successfully graduate from the certificate program.

Subject Areas

Review of the Energy Industry

  1. Basic concepts
  2. Physical Market
  3. Financial flows
Types of Risks
  1. Market Risk
  2. Credit Risk
  3. Operational Risks
  4. Liquidity Risk
  5. Political and Regulatory Risk
  6. Natural disasters and resilience
  7. Price Risk and Credit Risk
  8. Shape and profiling Risk
  9. Compliance Risk
  10. Reputational Risk
  11. Strategic and Business Risk
  12. Risks related to new technology acceptance
Risk Management Tools
  1. Diversification
  2. Long-Term Fixed Contracts
  3. Insurance Contracts
  4. Financial Derivatives
  5. Volatility and Energy Risk Management
  6. Hedging strategies
  7. Price hedging
  8. Volume hedging

Risk Management Measurement
  1. Market price exposure
    1. Delta position
    2. Variance minimizing
  2. Value-at-Risk and further risk measures
  3. Credit risk
    1. Legal risk
    2. Quantifying credit risk
    3. Credit rating
  4. Liquidity risks management tools
ERM for the energy sector
  1. Drivers of ERM programs 
    1. Global risk
    2. Industries risks
    3. Overview
    4. hazard risks,
    5. financial risks
    6. operational risks
    7. strategic risks
  2. Process
    1. strategy/objective setting,
    2. risk identification,
    3. risk assessment
    4. risk response
    5. communication/monitoring
Operational Risk Management for the Energy Sector
  1. Definition
  2. Operational risk management principles
  3. Operational Risk Classification and Identification
  4. ORM process and implementation
  5. Operational Risk Assessment Methods
Energy Price Risk Management – Risks as a buyer
  1. Drivers
    1. Protecting margins,
    2. Managing budgets,
    3. Manage cash flow volatility
    4. Remain competitive in rising commodity price environments.
  2. Risk AccountabilityStructures, Roles and Responsibilities
Special topics Risk Management
  1. Electricity
    1. Generation
    2. Transmission/distribution
    3. Trading
    4. Retail
  2. Natural Gas
    1. Global
    2. Transmission/distribution
    3. Storage
    4. Trading
    5. Retail
  3. Renewables
    1. Regulatory
    2. Construction
    3. Operation
    4. Price (price Cannibalism)
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Course Start Date
1st of December 2022

Cost of Attendance

€2.550
  • 51 Hours
  • Live Online
  • Certification
  • Certified Energy Risk Officer
  • Subsidized by LAEK

Scientific Associate

Dimitris N.<br/>Koufopoulos, PhD
Dimitris N.
Koufopoulos, PhD
Director of University of London MBA Programmes,
Member of H.A.RI.MA.

Εισηγητής

Miltos<br/>Aslanoglou
Miltos
Aslanoglou
Christos<br/>Vasiliou
Christos
Vasiliou