During the Covid-19 armada, we ran our programs virtually using Zoom or MS Teams. And this new normal has been quite effective, delivering stellar results. Our clients across the globe are quite happy with what we are doing, and doing really well. Our programs run both on weekdays and weekends to suit the needs of everyone. Our in-house or in-plant programs are also conducted virtually. Our weekend programs [ i.e., every Saturday] commence at 10am [ West Africa Time] while week days commence at 9.am prompt [ also West Africa Time]. We have now commenced in-person training programs as well . On timing, we are very flexible as well. Our overarching goal is to work within your timeframe/convenience. For further details/clarification, please send to us an email [info@theriskacademy.org] or call: 08021003297; 07034248767; 09071941111. Because we care.
Certified Energy Risk Management Professional
CENRMP
Lectures/Examination Preparation
Cost of Lectures: N400,000 or $ 525; Cost of Examination: N250,000; Lecture Duration: 3 days
The Lectures/Examination Preparation is purely and truly optional in which case you can go ahead and register to sit for the Examinations comprising 100 MCQs. You are required to score a minimum of 60% to earn the Certificate.
The RMA Certified Energy Risk Professional [CENRMP] challenges candidates to understand and apply a wide range of knowledge and skills necessary to effectively manage energy risk. The curriculum is updated annually by a group of distinguished energy professionals and leading academics with diverse backgrounds, ensuring that the designation meets the evolving demands of the energy industry
Currently, more than 2,000 certified ENRMPs are employed internationally in a range of industry sectors, including crude oil exploration, production, and refining; power generation and distribution; renewable energy project development; commodity trading; asset management; consulting; technology; and market regulation.
By earning your RMA CENRMP certification, you will be joining a global network of professionals across the energy industry. Moreover, employers know that CENRMPs have the knowledge needed to anticipate and respond to critical issues, providing them with an edge in their career and professional development.
WHO SHOULD CONSIDER THE CERMP CERTIFICATION?
ALL ENERGY PROFESSIONALS
The CENRMP helps professionals working in the energy markets to broaden their knowledge of the complex energy value chain and its interconnection with financial markets. It will help sharpen your ability to identify, analyze, and manage risk, and will help you keep pace with emerging industry trends, particularly in areas where they lack direct professional experience. If you are at the start of your career, earning your
CENRMP is an excellent way to demonstrate that you possess the knowledge and skills necessary to take on additional challenges and responsibilities in the energy space, and to differentiate yourself from your peers.
CAREER CHANGERS
If you are considering a career in energy, becoming an CENRMP can accelerate your transition. Professionals from non-finance, non-risk, or non-energy roles become CENRMPs in order to develop specialized, practical knowledge that can be applied in the global energy market. Undertaking the rigorous course of study to become an CENRMP signals your commitment to understanding energy markets to potential employers.
STUDENTS
If you are a student interested in a career in the energy industry, you may elect to undertake the training program and sit for the CENRMP.
The CENRMP Program can complement your prior coursework or help you develop a foundation of specialized knowledge that goes beyond your university curriculum. Engaging with the CENRMP Program underscores your dedication to learning about the energy marketplace to prospective hiring managers.
BENEFITS OF CENRMP
- Demonstrate your knowledge: Earning your certification shows that you have mastered the knowledge bases necessary to effectively assess and manage risk.
- Highlight your experience: The designation testifies that you have worked in the field for at least two years, signaling to employers that you have the experience
necessary to succeed. - Join an elite group: You’ll be part of a network of like-minded professionals, allowing you to expand your career opportunities.
- Underscore your reliability: All CENRMPs are expected to adhere to the RMA Code of Conduct, letting employers know that you will help safeguard their firm’s reputation
- Undertake the lectures and Enroll for the EXAM now!
Course Modules
- Module 1
- Module 2
- Module 3
- Module 4
- Module 5
- Module 6
- Module 7
- Module 8
- Module 9
- Module 10
Overview of the Energy Industry/The Energy Cycle
- What is the Energy Industry?
- Components of the Energy Industry
- Types of Energy Industry Companies
- Exploration
- Production or Extraction
- Processing
- Transportation and Storage
- Refining
- Distribution
- Integrated and Specialty Companies
The Physical Energy Markets
- Crude Oil
- Refined Petroleum Products
- Natural Gas
- Liquefied Natural Gas
- Electricity
- Alternative Energy
- Financial Trading Instruments
- Futures
- Options
- Other Derivatives
- Electricity Trading
- Carbon Finance/ Emissions Markets
Risks in the Energy Cycle
- Overview
- Market Risk
- Credit Risk
- Operational Risks
- Liquidity Risk
- Political and Regulatory Risk
- Price Risk and Credit Risk
- Shape Risk
- Compliance Risk
- Reputational Risk
- Strategic and Business Risk
- Integrated Vs. Specialty Companies
- Changing Role of the Risk Function in the Energy Industry
Common Risk Management Tools for the Energy Sector
- Diversification
- Long-Term Fixed Contracts
- Insurance Contracts
- Financial Derivatives
- Volatility and Energy Risk Management
Risk Management Measurement Techniques for the Energy Sector
Market price exposure
- Delta position
- Variance minimizing hedging
Value-at-Risk and further risk measures
- Definition of Value-at-Risk
- Parameters of the Value-at-Risk measure
- Computation methods
- Liquidity-adjusted Value-at-Risk
- Estimating volatilities and correlations
- Backtesting
- Further risk measures
Credit risk
- Legal risk
- Quantifying credit risk
- Credit rating
Hedging as a Risk Management Tool for the Energy Sector
- What is hedge?
- Types of hedging
- Hedging strategies
- Hedgeable risk
- Energy hedging
Operational Risk Management for the Energy Sector
- Definition
- Operational risk management principles
- Organisation and Governance for ORM
- Operational Risk Classification and Identification
- ORM process and implementation
- Operational Risk Assessment Methods
- Scenario Analysis
- Hazard identification expansion
- Applying Operational Risk Methods in the Energy Sector
- Operational Risk and Regulatory Capital
LIQUIDITY RISK MANAGEMENT IN THE ENERGY SECTOR
- WHAT IS LIQUIDITY RISK?
- TYPES OF LIQUIDITY RISK
- COMPONENTS OF A LIQUIDITY RISK MANAGEMENT FRAMEWORK
- LIQUIDITY RISK POLICIES AND PROCEDURES
- METHODOLOGIES AND METRICS
- INFRASTRUCTURE
- VIDEO: MANAGING LIQUIDITY CRISIS IN THE ENERGY SECTOR- 2.43 MINS
- VIDEO: SURVIVING THE SLUMP-50 MINS
ERM FOR THE ENERGY INDUSTRY
- WHAT IS ERM?
- PRIMARY DRIVERS OF ERM PROGRAMS IN THE ENERGY INDUSTRY
- TOP GLOBAL RISKS IN THE SECTOR
- TOP INDUSTRY RISKS IN THE SECTOR
- ERM OVERVIEW
- THE ROADMAP TO AN EFFECTIVE ERM PROGRAM
- SALIENT FEATURES OF ENERGY RISK MANAGEMENT
- MANAGING VOLATILITY
- MITIGATING UNDERLYING RISKS
- RISK MANAGEMENT GOVERNANCE
- RISK METHODOLOGY
- ENHANCE ERM BY LEVERAGING TECHNOLOGY
- REASONS WHY ENERGY COMPANIES SHOULD HAVE AN ENTERPRISE RISK MANAGEMENT FRAMEWORK
HEDGING AS A RISK MANAGEMENT TOOL IN THE ENERGY SECTOR
- WHAT IS HEDGING?
- WHY HEDGE?
- BASIC PRINCIPLES HEDGING PRODUCERS WITH FUTURES CONTRACTS
- BASIC PRINCIPLES HEDGING PRODUCERS AND CONSUMERS PHYSICAL PRODUCT PRICE RISKS WITH SWAPS
- HEDGING OF FINANCIAL RISKS
- GLOBAL STRATEGIES FOR HEDGING POWER CONTRACTS
- VIDEO ON HEDGING
Enroll for Exam
If you are ready to take the certification exam, click the button below to enrol now.