Professional Documents
Culture Documents
ERPInformation2014 PDF
ERPInformation2014 PDF
ERPInformation2014 PDF
• Everything you wanted to know about the ERP…but were afraid to ask
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Ben Baglin, ERP Shaun Connell, ERP Andrew Tudor, ERP Michael Sell
Head of Market Risk Head Trader, Eastern Energy Energy Resource Planning SVP, ERP Program Manager
EDF Trading NA TransAlta Corporation NMPP Energy GARP
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GARP’s Risk Management Certification Programs
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Fundamental Forces are Driving Demand for
Energy Risk Managers
• Transactions are happening faster and market data sets are getting larger
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The ERP® Certification Prepares You for a
Career in Energy Risk
• Access to a global network of like minded energy market and risk professionals
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Validity and Reliability
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Practitioners Inform Exam Curriculum and Development
• Regular job task analyses and curriculum surveys are performed to identify
current industry demands and specific exam topics.
• The ERP curriculum is reviewed and revised annually in conjunction with the EOC
• The ERP curriculum is described in the 2014 Study Guide and AIMs documents
• The AIMs summarize the knowledge points contained in each required reading
• ERP item writers and other Subject Matter Experts (SMEs) rely on the AIMs to develop
examination items (questions)
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2014 Energy Oversight Committee
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The ERP Exams Are Designed to Be Fair but Rigorous
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Market Acceptance of the ERP
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Candidate Registrations Are Growing
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* November 2009 only
Awareness is Global
Canada 8%
UK 11%
Germany 5%
USA 36% Switzerland 7%
India 7%
Singapore 6%
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ERP Highlights
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Insights from ERPs
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Market Risk Management: Ben Baglin
Ben Baglin, ERP, Head of Market Risk, EDF Trading North America
• Describe the types of activities you are typically involved with in your role at EDF Trading.
• What are some of the most important trends in energy markets and the role of risk management?
• What differentiates energy market risk from traditional financial market risk?
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Power Trading: Shaun Connell
• What knowledge and skills have been most instrumental in your career success?
• A number of your colleagues at TransAlta have taken the ERP – what feedback have you received?
• Describe the benefits you envision from the integration of the ERP into TransAlta’s risk culture?
• What advice would you give ERP candidates who are interested in pursuing a career in energy trading?
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Quantitative Modeling and ERM: Andrew Tudor
• What knowledge and skills did you find the most useful in your transition to energy risk?
• Describe the risk management tools and modeling projects you have helped implement.
• What have you found most appealing about working in the energy markets?
• How has the ERP Certification added value to you personally and in your career progression?
• What advice would you give ERP candidates considering a transition to energy risk management?
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2014 ERP Program Offering
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The Path to Becoming a Certified ERP
Certified
Demonstrate Two Mandatory
Energy Risk
Pass ERP Exam Years Relevant Continuing
Professional
Work Experience Education
(ERP®)
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Exam Curriculum Covers the Entire Energy Value Chain
• Physical Commodities
• Oil, Gas, and Coal markets (25%)
• Electricity Markets and Renewable Generation (25%)
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Download Resources for Exam Preparation
• www.garp.org/erp/study-center/study-materials.aspx
• Study Guide (Free)
• AIMS (Free)
• Exam Preparation Handbook (Free)
• ERP Core Readings Course Pack (US$295 + shipping)
• www.garp.org/erp/study-center/free-practice-exams.aspx
• Practice Exams (Free)
• www.garp.org/erp/study-center/exam-preparation-providers.aspx
• Register with a GARP approved ERP Exam Preparation Provider
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Mandatory Continuing Education for ERPs
• Earning the ERP is just one step in building your energy risk career; maintaining
your knowledge and skills is equally important.
• Certified ERPs are required to earn 40 hours of CPE credit every 2 years
• GARP helps ERPs stay abreast of current industry trends and risk management
knowledge through our Continuing Professional Education (CPE) Program.
• The CPE program is global, flexible and delivers an extensive range of highly
relevant programs from webcasts and training programs to live conferences and
seminars.
• GARP has partnered with a broad range of global providers of education and
training to bring you the most up-to-date information and share best practices in
risk management
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ERP Program Registration Timeline and Fees
Early Registration – US$450 Dec 1, 2013 - Jan 31, 2014 Jun 1, 2014 - July 31, 2014
Standard Registration – US$575 Feb 1, 2014 - Feb 28, 2014 Aug 1, 2014 - Aug 31, 2014
Late Registration – US$750 Mar 1, 2014 - Apr 15, 2014 Sep 1, 2014 - Oct 15, 2014
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2014 ERP Exam Sites
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Questions & Answers
Use the “Ask a Question” feature to submit webinar questions
• Learn more about the ERP Program, including Exam preparation resources at:
www.garp.org/erp Email: memberservices@garp.com
• Connect with other Certified ERPs and ERP Exam candidates at:
www.facebook.com/garperp
www.linkedin.com – “Energy Risk Professional group”
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Contact Us Directly Anytime
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Creating a culture of
risk awareness®
Global Association of
Risk Professionals
2nd Floor
Bengal Wing
9A Devonshire Square
London, EC2M 4YN
UK
+ 44 (0) 20 7397 9630
www.garp.org
About GARP | The Global Association of Risk Professionals (GARP) is a not-for-profit global membership organization dedicated to preparing professionals and
organizations to make better informed risk decisions. Membership represents over 150,000 risk management practitioners and researchers from banks, investment
management firms, government agencies, academic institutions, and corporations from more than 195 countries and territories. GARP administers the Financial Risk
Manager (FRM®) and the Energy Risk Professional (ERP®) Exams; certifications recognized by risk professionals worldwide. GARP also helps advance the role of risk
management via comprehensive professional education and training for professionals of all levels. www.garp.org.
© 2014 Global Association of Risk Professionals. All rights reserved.