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Three Lines of Asset and Risk Management for the Energy & Resources Industry

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    The Energy & Resources industry is highly asset-intensive, and the companies that manage them are typically confronted with compliance issues as well as environmental and safety threats and old assets, maintenance issues and budget constraints. All of these factors could have an impact on the external, operational, and strategic success of an organization.

    A well-rounded strategy for risk management is crucial to guard against these risks and ensure that a business can remain in a position to meet the needs of its customers. This article will highlight the key areas of asset and risks management:

    Counterparty risk management is a process that focuses on making sure key relationships, like prime brokers and counterparties to derivatives, clearing banks, and custodians, are creditworthy. It also includes failsafe procedures designed to protect against reputational and financial damage https://expertalmanagement.de/2021/07/12/reason-antivirus-review/ if the partners fail. This is accomplished by vetting vendors, and ensuring that the approval process does not just apply to the vendor, but also the services they provide.

    Market risk could be the reason for a decrease in the value of your portfolio, and it is a frequent issue that both asset managers and risk managers deal with however from slightly different perspectives. Portfolio managers manage their market exposures to reduce unintentional bets on markets and factors that affect risk management, while asset management focuses on managing crowded markets, liquidity, leverage, volatility, and cash flow.

    A strong asset and risk management plan is vital to avoid unexpected challenges and maximizing the value of an organization’s assets. The three lines of defense governance framework is a reliable approach to identifying and mitigating the risks that can impact the performance of an organization.

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