Risk Management

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A NSAC Cooperative Learning Network is a live, interactive 60-minute conference presented over the telephone and over the Internet. You can attend from any location that has telephone and Internet access. You pay just one registration fee for as many participants as you wish at each call/log-in location.

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Your registration includes long-distance charges for the audio portion and log-in to the video presentation. All handouts and presentation files are downloadable and may be printed out or saved to the participant's computer once they are logged in to the session meeting room. Sessions include one CPE Certificate of Attendance. Certificates for additional participants are $10.00 each.

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Risk Management
Date: Thursday, October 12, 2006
Time: 11:00 AM ET / 10:00 AM CT / 09:00 AM MT / 08:00 AM PT [Prevailing Time]
Presenter(s): Jeff Walker, Sr. Vice President & Chief Risk Officer ACES Power Marketing
Objective: There are seven steps defined that represent the risk management process: risk recognition, risk assessment, objective/policy setting, mitigation strategies, risk management execution, reporting, and monitoring/reassessment. This ongoing process flows from step to step in a circular fashion and then begins again.
Field of Study: Management Advisory Services
Program Level: Basic
CPE Credit: 1 Credit Hour

No advanced preparation or prerequisites are required for this course.

Course Description
Risk management provides a systematic approach to identifying, assessing, and managing risk. In doing so, it enables a company to optimize its opportunities, growth, and deployment of capital within the risk appetite of its stakeholders. There are seven steps defined that represent the risk management process: risk recognition, risk assessment, objective/policy setting, mitigation strategies, risk management execution, reporting, and monitoring/reassessment. This ongoing process flows from step to step in a circular fashion and then begins again.

The benefits of a well designed risk management program are numerous and far reaching. Risk management becomes an integral part of the decision making process for management, enhancing supporting analysis and the quality of the outcome to help improve results. Adoption and implementation of a risk management program is consistent with emerging best practice standards regarding governance and the management of risk. An entity is enabled to better manage key performance indicators, improve capital budgeting decisions, and manage the expectations of its stakeholders.

Presenter Bio(s)
Jeffrey L. Walker

Mr. Walker is the Senior Vice President & Chief Risk Officer of ACES Power Marketing (APM), headquartered in Carmel, Indiana. Mr. Walker joined APM in February of 1999 and led the design and development of the organization’s risk management capabilities to address the wide range of risks facing today’s energy suppliers. He has responsibility for APM’s ‘middle office’, where he oversees quantitative analysis, trading control, credit risk management, contract administration, and corporate development.

Mr. Walker has been in the energy industry throughout his career focusing on energy risk management and the management of various financial functions related to power supply. Prior to joining ACES Power Marketing, Mr. Walker spent 17 years with Wabash Valley Power Association where he advanced through several management positions, including Controller and Manager of Planning.

Mr. Walker is a CPA, and he earned his Bachelor of Science degree in accounting from Indiana University. He and his family live in the Indianapolis area.

For more information regarding this series or administrative policies such as complaint and refund, please contact the NSAC National offices, 136 S. Keowee St., Dayton, OH 45402, 937-222-6707, email: info@nsacoop.org