Energy Risk Professional (ERP®)How the ERP Has Powered my Career in Energy

June 2016

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Agenda

Michael SellERP Program ManagerGARP Research and Educational Programs

• GARP and its Role in Risk Management

• The ERP Program

• Program growth

• Exam structure and changes for 2016

• Requirements for certification

• Candidate resources

• Preparation time and performance

• Top 10 companies and geographic distribution

• Registration Information

• ERP Introductions and Roundtable Discussion

• Questions & Answers

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GARP: Creating a Culture of Risk Awareness Mission: To advance the risk profession through education, training, and the promotion of best practices globally.

Founded 1996 150,000 members Not-for-profit Immediate application

More than 195 countries

Non-partisan industry connection

Globally recognizedcertification

Quality oversight

Independent, Non-partisan: Committed to advocating best practices in risk management. GARP does not lobby or engage in any consulting activity.

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Energy Risk Professional (ERP®)• Only professional global designation designed for energy professionals

• Administered by GARP since 2009• Average annual registration growth of 12% since 2010• More than 1,300 ERPs globally• Candidates from all sectors of energy industry including, oil and gas, electricity,

commodity trading, consulting, and regulation

• Exam Objective – Assess an individual’s ability to measure and manage physical and financial risk in the energy industry

• Energy Oversight Committee (EOC) comprised of senior risk managers, commodity traders, and quantitative analysts

MAINTENANCE ACCEPTANCERELIABILITYVALIDITY

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Growth in Candidate Registrations

818

1,153

1,4002010

2012 201

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Program Enhancements for 2016• Exam split into two parts

• Greater emphasis on physical energy markets

• New Risk Management Tools Section

• eBook version of Course Pack is now available

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The ERP Journey Starts with the ExamPart I: Physical Energy Commodity and Electricity Markets(80 Questions)

Intro to Energy Commodities andRisk Management

Crude Oil Markets and Refined Products

Natural Gas and Coal Markets

Electricity Markets and Renewable Generation

Part II: Financial Energy Products and Risk Management(60 Questions)

Energy Market Price Formation

Financial Energy Products

Risk Management Tools

10% - 8 Questions

35% - 28 Questions

25% - 20 Questions

30% - 24 Questions

25% - 15 Questions

15% - 9 Questions

60% - 36 Questions

2 years of relevant work experience

Continuing Professional

Development

Certified ERP

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Candidate Resources

Support for your journey

Hard cover books/eBooks(Pricing available on GARP

Website)

FREE:Exam Study Guides

Exam Study Guide ChangesLearning Objectives

Practice Exams

Exam Prep ProvidersLocal study groups

GARP Chapters

GARP websiteSocial media

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Exam Performance and Preparation Time

<100 100 - 150 150 - 200 200-250 250 - 300 300- 350 350 - 400 400+0%

5%

10%

15%

20%

8%

12%14%

17%

14%12% 11%

12%

How much time do candidates spend preparing for the exam?

48%Pass Rate

Avg. Since 2010

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Top 10 ERP Companies

More than 1,300 certified ERPs globally

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Global Distribution of ERPs

Europe – 32%

North America – 41%MENA – 6% Asia – 19%

Oceana – 2%

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Program Enrollment and Exam Registration

• Enrollment fee includes 1 year complimentary GARP membership• Candidates can elect to take both Part I and Part II on the same date;

however, candidates must pass Part I to have Part II exam scored• FRM and ERP Exams are offered at more than 90 sites around the world• Deferral policy

Certification Program Enrollment and Exam Registration Fees

ERP May 21, 2016 Nov 19, 2016

Enrollment Fee US$ 300 Valid for 4 Years Valid for 4 Years

Early Registration* US$ 350 Dec 1, 2015 – Jan 31, 2016 May 1, 2016 – Jul 31, 2016

Standard Registration* US$ 475 Feb 1, 2016 – Feb 29, 2016 Aug 1, 2016 – Aug 31, 2016

Late Registration* US$ 650 Mar 1, 2016 - Apr 15, 2016 Sep 1, 2016 – Oct 15, 2016

* Fees per Part I & II Exam

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Energy Asset Optimization and ValuationEDF Energy

Akshat Gupta, ERPAkshat is a Senior Asset Strategy and Valuation Analyst at EDF Energy. He has over 6 years of experience in managing strategic business risk for energy companies in the UK with direct commodity exposure. Akshat has worked in a variety of energy markets including, power, gas, coal and carbon.  Akshat has an MSc in Operational Research from the London School of Economics and Political Science and a Bachelor’s degree in Civil Engineering from the National Institute of Technology Karnataka. He completed his ERP certification in 2012 and has participated in three ERP Exam item writer drives and workshops hosted by GARP in London. 

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Quantitative AnalystInternational Finance Corporation (IFC)

Richard Morrin, ERP, FRM, CFA, and CIPMRichard is a Quantitative Analyst, supporting Asset Liability Management, Liquid Assets, and Structured Products at the International Finance Corporation (IFC). Prior to his current role at the IFC, he worked on the Funding Desk at the IFC – primarily on the valuation of fixed income products and associated derivatives. Richard has an MSc in High Performance Computing and a PhD in Mathematics/Theoretical Physics from Trinity College, Dublin. He is dually certified as an ERP and FRM and has also completed the CFA and CIPM certifications. Richard regularly contributes to FRM and ERP Exam item writer drives and has participated in several item writer workshops hosted by GARP in New York.

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Refined Products Market RiskShell Oil Supply and Trading

Bryan Sal, ERP and CPABryan is the Market Risk Manager for Refined Products trading activity in North and South America.  He has over 13 years of professional experience across a variety of functions that include audit, financial reporting, technical accounting advice, market risk, and product control.  Bryan earned a Masters of Accountancy from BYU and is a Certified Public Accountant (CPA). He completed his ERP certification in 2012.

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ERP Roundtable Discussion

Akshat Gupta – EDF Energy

Richard Morrin - IFC Bryan Sal – Shell Trading

Michael Sell - GARP

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Questions?

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