School of Energy Trading

1-year learning journey for new recruits

School of Energy Trading

16,900.00 excl. VAT

Description

Any employer can make use of this business proposition if they have a group of new recruits, who they want to provide with a kick-start of their career. Hence, a learning journey is provided to throroughly educate newly hired employees (new recruits).

 

KICK-START CAREER

Ideally, employees are first trained, before participating in the work environment. The idea of the start of the learning journey (i.e the first 3 months) is to provide them with the fundamentals of markets, and to provide them a basic logic about trading, so that the integration on the workfloor is significantly decreased, making this proposition time-efficient and cost-effective.

 

CONTENT

The content of the learning journey includes the following:

  • The commodity and energy supply chain
  • Fundamentals & essentials of markets and trading
  • Trading strategies, trading technicalities, trading tools, technology and systems, trading operations, controls, risk management and compliance.
  • Activities, processes and concepts, plus related terminology

 

Target groups

This learning journey could be useful for employers in the following categories:

  • Market facilitators

Examples: brokerage firms, exchanges (and other trading venues), clearing organisations.

  • Organisations with a trading function

Examples: commodity trading firms, oil & gas companies, electricity generators and suppliers.

  • Organisations with a control function

Examples: regulatory authorities, accountancy firms, legal firms.

  • Organisations with a support function

Examples: data & news providers, price reporting agencies.

 

COHORTS

The learning journey is open for registrations of individuals by any organisation.
Annually, there are 2 cycles (meaning, there are two starting points):

  • February cohort
    • The start of group no. 1 – year 202X:
      Kick-off meeting:

      • First Tuesday of February
      • In Amsterdam
  • September cohort
    • The start of group no. 2 – year 202X:
      Kick-off meeting:

      • First Tuesday of September
      • In Amsterdam

 

LEARNING SERVICES

Each candidate is provided with the following learning services:

  • Self-study:
    • Learning licence – 365 days  access to Learning Platform – Entrima (100+ courses)
    • Learning licence – 365 days  access to Learning Platform – Market Abuse Centre (70+ courses)
    • Simulation licence – 365 days  access to Simulation Platform – Entrima (50+ sims)
  • Being guided / Mentoring services:
    • Mentoring licence – 365 days  membership of Weekly Wizard – Entrima
    • Mentoring licence – 365 days  membership of MAC’s Mentor – Market Abuse Centre
  • Live-tutoring:
    • 13 workshops (online & on-site)
  • Study materials:
    • A series of handbooks (hardcopy)
    • Other materials (accessible via / downloadable from Learning Platform)

 

PROGRAMME

The programme consists of various building blocks (modules), each consisting of a specific topic:

 

Launch

KICK-OFF

An online introduction of 30 minutes

  • Introduction to the programme – Explaning the setup, as well as the rights & responsibilities.

 

Week 1

COMMODITY VALUE CHAINS

This module covers a 1-day on-site workshop in Amsterdam covering the following topics:

  • Power, crude & distillates, natural gas & LNG, bio-energy, hydrogen, heat, emission rights & attribute certificates.
  • Supply chains – Upstream, midstream and downstream activities and capacity.

 

In addition, the candidate is supposed to:

  • Perform self-study:
    • Learning Platform – Entrima:
      • Follow course:
        • Commodities
        • Climate change & energy policy
        • Bio-energy
        • Heat
        • Hydrogen
        • LNG
        • Carbon markets & emission rights trading
  • Follow Mentoring sessions:
    • Attend Weekly Wizard – Entrima
    • Attend MAC’s Mentor – Market Abuse Centre

 

Week 2

MARKETS & ORGANISATIONS

This module covers a 1-day online workshop covering the following topics:

  • Stakeholders – The roles of market participants, brokerage firms, trading venues, clearing organisations, system operators, policy makers, regulators, and their relations / interactions.
  • Industry bodies.
  • The trade organisation: business, control and support functions.

 

In addition, the candidate is supposed to:

  • Perform self-study:
    • Learning Platform – Entrima:
      • Follow course:
        • Commodity markets
  • Follow Mentoring sessions:
    • Attend Weekly Wizard – Entrima
    • Attend MAC’s Mentor – Market Abuse Centre
  • Hand-in group/individual assignment:
    • This week’s assignment
    • Learners will be provided feedback regarding the previous assignment

 

Week 3

TRADING

This module covers a 1-day online workshop covering the following topics:

  • Why, where, when and how does trading take place?
  • Bilateral deal-making versus exchange trading.
  • The role of brokers, exchanges, clearing houses, clearing members and fee structures.

 

In addition, the candidate is supposed to:

  • Perform self-study:
    • Learning Platform – Entrima:
      • Follow course:
        • Reasons to transact
        • Bilateral deal-making & OTC markets
        • Exchange-trading
        • OTC trading platforms
        • Central orderbook
        • Order types
    • Simulation Platform – Entrima:
      • Run a simulation:
        • Market analysis
        • Screen-based trading
        • Financial performance (P/L)
        • Central order book – Order initiation
  • Follow Mentoring sessions:
    • Attend Weekly Wizard – Entrima
    • Attend MAC’s Mentor – Market Abuse Centre
  • Hand-in group/individual assignment:
    • This week’s assignment
    • Learners will be provided feedback regarding the previous assignment

 

Week 4

CONTRACTS

This module covers a 1-day online workshop covering the following topics:

  • Supply contracts – Volume & price
  • Supply contracts – Take-or-pay, volume flexibility, swing optionality.
  • Spot & forward contracts
  • Derivative contracts – Futures, swaps and options.

 

In addition, the candidate is supposed to:

  • Perform self-study:
    • Learning Platform – Entrima:
      • Follow course:
        • Derivatives – Introduction
        • Derivatives – Position management
        • Forward curves
        • Options – Introduction
    • Simulation Platform – Entrima:
      • Run a simulation:
        • Futures – At position level
        • Futures – At portfolio level
        • Options – Call option
        • Options – Put option
  • Follow Mentoring sessions:
    • Attend Weekly Wizard – Entrima
    • Attend MAC’s Mentor – Market Abuse Centre
  • Hand-in group/individual assignment:
    • This week’s assignment
    • Learners will be provided feedback regarding the previous assignment

 

Week 5

PRICING & ANALYTICS

This module covers a 1-day online workshop covering the following topics:

  • Price discovery & the role of price reporting agencies.
  • Market analysis.
  • Price formation – Driving factors, central order book and order flow.
  • Indexes, indexation, benchmarks and settlement prices.

 

In addition, the candidate is supposed to:

  • Perform self-study:
    • Learning Platform – Entrima:
      • Follow course:
        • Commodity pricing
        • Commodity indices & price-indexation
        • Price volatility
    • Simulation Platform – Entrima:
      • Run a simulation:
        • Forward curve
  • Follow Mentoring sessions:
    • Attend Weekly Wizard – Entrima
    • Attend MAC’s Mentor – Market Abuse Centre
  • Hand-in group/individual assignment:
    • This week’s assignment
    • Learners will be provided feedback regarding the previous assignment

 

Week 6

CONTRACT MANAGEMENT

This module covers a 1-day online workshop covering the following topics:

  • Master agreements
  • Credit support – CSAs
  • Supply contracts
  • Power purchase agreements (PPAs)

 

In addition, the candidate is supposed to:

  • Perform self-study:
    • Learning Platform – Entrima:
      • Follow course:
        • Master agreements
        • PPAs
  • Follow Mentoring sessions:
    • Attend Weekly Wizard – Entrima
    • Attend MAC’s Mentor – Market Abuse Centre
  • Hand-in group/individual assignment:
    • This week’s assignment
    • Learners will be provided feedback regarding the previous assignment

 

Week 7

RISK MANAGEMENT

This module covers a 1-day online workshop covering the following topics:

  • Market (price) risk & market (price) risk management
  • Counterparty risk & credit risk management
  • Liquidity risk & liquidity risk management
  • Compliance risk & compliance risk management
  • Operational risk & operational risk management
  • Mandates & limit settings

 

In addition, the candidate is supposed to:

  • Perform self-study:
    • Learning Platform – Entrima:
      • Follow course:
        • Risk & opportunity
        • The risk management organisation
        • Value at risk
        • Weather risk
    • Simulation Platform – Entrima:
      • Run a simulation:
        • Exposure assessment
        • Value at risk
  • Follow Mentoring sessions:
    • Attend Weekly Wizard – Entrima
    • Attend MAC’s Mentor – Market Abuse Centre
  • Hand-in group/individual assignment:
    • This week’s assignment
    • Learners will be provided feedback regarding the previous assignment

 

Week 8

REGULATION & COMPLIANCE

This module covers a 1-day online workshop covering the following topics:

  • Market regulations
  • Trade compliance – Shielding employer & employees
  • Reputational risk management & sanctioning

 

In addition, the candidate is supposed to:

  • Perform self-study:
    • Learning Platform – Market Abuse Centre:
      • Follow course:
        • Trade compliance – The basics
        • Morality
        • Ethical blindness
  • Follow Mentoring sessions:
    • Attend Weekly Wizard – Entrima
    • Attend MAC’s Mentor – Market Abuse Centre
  • Hand-in group/individual assignment:
    • This week’s assignment
    • Learners will be provided feedback regarding the previous assignment

 

Week 9

FINANCIAL CRIME & MARKET ABUSE

This module covers a 1-day online workshop covering the following topics:

  • Money laudering, bribery, VAT fraud, insider trading and market manipulation
  • KYC
  • Market monitoring & trade surveillance
  • People, systems & arrangements
  • Case handling

 

In addition, the candidate is supposed to:

  • Perform self-study:
    • Learning Platform – Market Abuse Centre:
      • Follow course:
        • Introduction to financial crime
        • Money laundering
        • Terrorist finance
        • Bribery
        • Financial fraud
        • Tax fraud
        • Employee fraud
        • Market abuse
        • Surveillance – Financial crime – A holistic approach
        • Trade surveillance – The basics
  • Follow Mentoring sessions:
    • Attend Weekly Wizard – Entrima
    • Attend MAC’s Mentor – Market Abuse Centre
  • Hand-in group/individual assignment:
    • This week’s assignment
    • Learners will be provided feedback regarding the previous assignment

 

Week 10

TRADING OPERATIONS – CLEARING & SETTLEMENT

This module covers a 1-day online workshop covering the following topics:

  • Trade confirmations
  • Clearing
  • Collateralisation & margining
  • Settlement
  • The nomination process

 

In addition, the candidate is supposed to:

  • Perform self-study:
    • Learning Platform – Entrima:
      • Follow course:
        • Clearing
        • Netting
        • Margining
        • Settlement
    • Simulation Platform – Entrima:
      • Run a simulation:
        • Margin requirements
        • Futures – At position level
        • Futures – At portfolio level
  • Follow Mentoring sessions:
    • Attend Weekly Wizard – Entrima
    • Attend MAC’s Mentor – Market Abuse Centre
  • Hand-in group/individual assignment:
    • This week’s assignment
    • Learners will be provided feedback regarding the previous assignment

 

Week 11

FINANCE & QUANTITATIVE ANALYSIS

This module covers a 1-day online workshop covering the following topics:

  • Mark-to-market (M-to-M) valuation & reporting
  • Book structures
  • Internal transfers & internal transfer pricing
  • Performance measures
  • Physical assets & gross margins
  • Time, location and cross-commodity spreads

 

In addition, the candidate is supposed to:

  • Perform self-study:
    • Learning Platform – Entrima:
      • Follow course:
        • Flexibility
        • Modelling
        • Spreads & spread trading
    • Simulation Platform – Entrima:
      • Run a simulation:
        • Gas – Location spread
        • Gas – Time spread
        • Power – Spark spread
  • Follow Mentoring sessions:
    • Attend Weekly Wizard – Entrima
    • Attend MAC’s Mentor – Market Abuse Centre
  • Hand-in group/individual assignment:
    • This week’s assignment
    • Learners will be provided feedback regarding the previous assignment

 

Week 12

ICT

This module covers a 1-day online workshop covering the following topics:

  • Trading tools & technology
  • Trading & risk management (TRM) systems
  • Data & systems

 

In addition, the candidate is supposed to:

  • Perform self-study:
    • Learning Platform – Entrima:
      • Follow course:
        • Trading & risk management systems
  • Follow Mentoring sessions:
    • Attend Weekly Wizard – Entrima
    • Attend MAC’s Mentor – Market Abuse Centre
  • Hand-in group/individual assignment:
    • This week’s assignment
    • Learners will be provided feedback regarding the previous assignment

 

Week 13

ASSIGMENTS

This module covers a 1-day online workshop covering the following topics:

  • Group assignment
    • Document
    • Present
  • Individual task
    • Document
    • Present

 

In addition, the candidate is supposed to:

  • Follow Mentoring sessions:
    • Attend Weekly Wizard – Entrima
    • Attend MAC’s Mentor – Market Abuse Centre

 

Week 14-51

SELF-STUDY & MENTORING

This module requires candicates to do the following:

  • Perform Self-study
    • Run simulations on Entrima’s Simulation Platform
    • Attend courses & take exams (and be certified) on Entrima’s Learning Platform
    • Attend courses & take exams (and be certified) on Entrima’s Learning Platform
  • Attend Mentoring services
    • Attend weekly sessions MAC’s Mentor (MM) + Participate ongoing in community
    • Attend weekly sessions Weekly Wizard (WW) + Participate ongoing in community

 

Week 52

DIPLOMA

This module covers a 1-day on-site meeting in Amsterdam.

This is the last building block of the learning journey by handing the diploma, thereby formalising and finalising the programme.

 

Time table

The tutoring (online/on-site) takes place on Tuesdays, 09:00-15:00 CET.

09:00-10:30 Session 1

10:30-10:45 Coffee break

10:45-12:00 Session 2

12:00-12:30 Lunch break

12:30-13:45 Session 3

13:45-14:00 Coffee break

14:00-15:00 Session 4

Practical Information

When

5 September 2023

Where and how?

Hybrid (some on-site, but mainly online)

Price

16,900.00 excl. VAT

Bulk Purchase Enquiry

Contact us for more information regarding bulk purchases.








     
    Our Labels
    Entrima and Market Abuse Centre (MAC) are the two labels we operate to provide learning services for professionals in the commodity & energy markets.
     
     


    Content & Context

    Entrima’s mission is to transfer knowledge regarding the business, controls & operations of parties in (or relating to) the wholesale markets.

    www.entrima.org


    Conduct & Culture

    MAC’s mission is to facilitate the prevention & detection of misconduct and to foster proper behaviour in organisations. This is achieved via training, periodic updates and increased awareness.

    www.marketabusecentre.com