Imperial’s Corporate Training Institute’s Oil Trading, Market Risk, and Compliance Training Course helps participants learn about the complexities of the Global Oil and Gas Trading market through detailed education on its current practices. Participants will learn about the effects of increasing regulatory scrutiny and a rapidly evolving energy sector on their trading strategy and risk management practices, as well as how to ensure appropriate regulatory compliance through effective audits of their trading activities.
Participants will also gain insights into how they must operate within the regulated environment in which they trade, including real-time pricing, credit derived from counterparty relations, and experience with internal controls, credit audits, and government-regulated compliance audits, in addition to understanding the upstream and midstream aspects of the oil and gas industry. As trading in oil becomes more complex due to increasing price volatility and greater market regulatory oversight, the need for strong risk management, compliance, and governance practices is critical to the long-term viability of oil and gas companies.
Objectives
Goals of this course are:
- Gain an excellent understanding of trading structures relating to Oil andGas (Commodities), consisting of both Physical Markets & Derivatives.
- To provide participants with an advanced understanding of the market’s ability to identify, measure & mitigate risk associated with trading.
- To enhance participant’s understanding of the types of audit controls that mitigate risk within the trading sector and as a mechanism for demonstrating transparency and compliance in the industry.
- To improve participants’ understanding of the regulation framework which governs Oil Trading; Oversight of the Market and Compliance Assurance.
- To build participants’ ability to develop & implement effective Internal Controls for Trading Desks and Risk Management functions.
- To analyse Price Volatility, Hedging Strategies and Exposure Management used within the Global Oil Markets.
- To incorporate Operational Risk Considerations such as Subsea Inspection, Flow Assurance & Pipeline Compliance into the Trading & Risk Decision Process.
- To enable participants to work together more effectively across the trading, risk, compliance and operational teams within Oil & Gas organizations.
- To prepare professionals for effective responses to Regulatory Audits, Compliance Reviews and Governance Assessments.
Target Audience
- Those who buy and sell physical oil and gas, as well as those who buy and sell futures contracts for these products
- Market risk analysts and managers working in companies that trade energy
- Compliance officers and internal auditors who make sure their company meets regulations and has proper internal controls
- Professionals who are responsible for overseeing trades, monitoring their execution, and providing market oversight
- Commercial managers and supply chain professionals who work in oil and gas
- Lawyers and other professionals who work to ensure compliance with regulatory requirements and laws related to the sale and purchase of oil and gas
- Professionals in Operations and Integrity who need to know how the trading practices in their company affect subsea inspection and flow assurance, and pipeline compliance.
- Financial professionals who support trading desks by reporting their company’s exposure and hedging strategies. Senior managers and decision-makers regarding governance, risk and compliance in the oil and gas industry.
- Individuals transitioning to the oil trading, market risk or compliance assurance sector.