Day 2: Wednesday March 19, 2025
Morning: Scenario Development Workshop wraps-up The Woodlands Resort
Afternoon: General CCRO Meeting Day 1 2301 N Millbend Dr, The Woodlands, TX 77380
Topic Discussion Hosts
3:00 to 3:45 CST
Trade Support Function Governance and Performance
The best practices we advanced in our original “Governance and Controls” [2002] white
paper touted clear independence of front, middle, and back offices, as well as an
independent risk function. Recently, CCRO members have suggested that given significant
advancements in CTRM technology and the transaction complexities of today's changed
markets, such traditional principles for governance over a trading business may need to be
revisited.
Workstream 1:
Establishing Governance with Optimal Functional Effectiveness
Our recent discussions have focused more on whether the right people with the right
experience are doing the right things rather where they are on an organizational chart.
Could a more supportive relationship between the F/M/B offices and the risk
function bring opportunities for performance improvement while maintaining
effective governance?
We will be advancing the development of a clear framework to enumerate the critical
duties of the support functions and their optimum assignment to appropriate staff.
Workstream 2:
Managing Back Office Performance and Risk
As organizations explore alternative governance structures, it will be equally important to
consider the impact on the effectiveness of our trade support functions. Given the
potential financial impact of ineffective trade support processes, this workstream will focus
on industry peer KPI benchmarking of back-office performance.
This will include the process best practices for calculating, monitoring, and reporting these
metrics on an on-going basis.
For more information see the group’s web page here…
https://www.ccro.org/tradesupportbestpractices
Roy Goodman
Executive Vice President
At MidDel Consulting
Group Sponsor
Eric Medina
Managing Director
At Resolute Consulting Grp
Group Sponsor
Tim Metts
Principal
At MidDel Consulting
Group Sponsor
Eugen Luja
Chief Risk Officer
At Repsol
Group Co-Chair
Topic Discussion Hosts
3:45 – 4:30
New: Financial Liquidity Risk Management
Our CCRO community of energy companies recognizes that to transition from
hydrocarbon reliance, many new risks and opportunities must be understood &managed.
For example, renewable asset deployments require significant capital investments and
operational changes, may result in stranded costs, and are often developing more rapidly
than related markets, corporate strategies, or hedge instruments.
This group aims to address these diverse challenges so as to bring understanding and
establish best practices that lead to advancement of our industry’s risk management.
More info:
Landing page for the group, with links to webinar videos to date…
Sid Jacobson
Member Emeritus
Editor
TBA
Co-Chairs
Addison Armstrong
Business Devt Director
at Open Gamma
Sponsor
Brian O’Neal
Partner
at Weaver
Member Emeritus
Morning: Scenario Development Workshop wraps-up The Woodlands Resort
Afternoon: General CCRO Meeting Day 1 2301 N Millbend Dr, The Woodlands, TX 77380
Topic Discussion Hosts
3:00 to 3:45 CST
Trade Support Function Governance and Performance
The best practices we advanced in our original “Governance and Controls” [2002] white
paper touted clear independence of front, middle, and back offices, as well as an
independent risk function. Recently, CCRO members have suggested that given significant
advancements in CTRM technology and the transaction complexities of today's changed
markets, such traditional principles for governance over a trading business may need to be
revisited.
Workstream 1:
Establishing Governance with Optimal Functional Effectiveness
Our recent discussions have focused more on whether the right people with the right
experience are doing the right things rather where they are on an organizational chart.
Could a more supportive relationship between the F/M/B offices and the risk
function bring opportunities for performance improvement while maintaining
effective governance?
We will be advancing the development of a clear framework to enumerate the critical
duties of the support functions and their optimum assignment to appropriate staff.
Workstream 2:
Managing Back Office Performance and Risk
As organizations explore alternative governance structures, it will be equally important to
consider the impact on the effectiveness of our trade support functions. Given the
potential financial impact of ineffective trade support processes, this workstream will focus
on industry peer KPI benchmarking of back-office performance.
This will include the process best practices for calculating, monitoring, and reporting these
metrics on an on-going basis.
For more information see the group’s web page here…
https://www.ccro.org/tradesupportbestpractices
Roy Goodman
Executive Vice President
At MidDel Consulting
Group Sponsor
Eric Medina
Managing Director
At Resolute Consulting Grp
Group Sponsor
Tim Metts
Principal
At MidDel Consulting
Group Sponsor
Eugen Luja
Chief Risk Officer
At Repsol
Group Co-Chair
Topic Discussion Hosts
3:45 – 4:30
New: Financial Liquidity Risk Management
Our CCRO community of energy companies recognizes that to transition from
hydrocarbon reliance, many new risks and opportunities must be understood &managed.
For example, renewable asset deployments require significant capital investments and
operational changes, may result in stranded costs, and are often developing more rapidly
than related markets, corporate strategies, or hedge instruments.
This group aims to address these diverse challenges so as to bring understanding and
establish best practices that lead to advancement of our industry’s risk management.
More info:
Landing page for the group, with links to webinar videos to date…
Sid Jacobson
Member Emeritus
Editor
TBA
Co-Chairs
Addison Armstrong
Business Devt Director
at Open Gamma
Sponsor
Brian O’Neal
Partner
at Weaver
Member Emeritus
