GARP's Certificate in Energy Risk Management creates a comprehensive understanding of the energy industry. It offers a practical starting point for career development by creating a deeper understanding of the energy industry and its features. The Certificate focuses on energy commodities, their relationship to each other, the risks faced by the energy industry, and approaches to mitigate these risks.

The Certificate increases risks awareness in the energy industry. The Certificate aims to help employees to ‘speak the same language’. Using accepted industry standards and practices, the Certificate’s contents reflect the increasing globalization and interdependence of energy products, the complex delivery mechanisms, and available risk management techniques.

GARP's Certificate in Energy Risk Management focuses on business processes and risks throughout the energy value chain. Successfully identifying, assessing, and managing these risks impacts directly the overall success of the organization. To understand the entire business process and its risks component is critical in maintaining and improving competitive positions. It also reduces exposure to aggravated shareholders, market share loss to competitors, and regulatory scrutiny.

Historically, there has been limited interaction between energy commodities, both physically and geographically. In many cases, this has caused inefficiencies in managing risks effectively. With the energy profession highly specialized and segmented, recognizing risks across the various segments may become difficult.  The Certificate exposes employees with highly specialized skills to new ideas, which reduces inefficiencies, costs and overall exposures.

GARP’s Certificate in Energy Risk Management helps the energy industry to educate its employees. The Certificate is broad based: it can be used for employees irrespective of their seniority, professional background, education, functional expertise, or specialization. The Certificate offers a comprehensive overview and analysis. It reflects everyday practices of energy risk management in both the global physical and financial marketplace.

GARP's Certificate in Energy Risk Management focuses on business processes and risks. It emphasizes the complex risks in the energy business and communicates how effective risk management benefits employees and organizations alike.

Employees successfully completing the entire program gain a comprehensive, practice-driven understanding of the global energy markets, the risk characteristics in these markets and awareness for risk management in both the physical and financial marketplace.

The Certificate in Energy Risk Management was incorporates input from internationally recognized leaders in the energy risk management. These leaders have gained considerable experience as leading risk managers.

The Certificate is a practical tool and broadens understanding of risk management issues. To achieve this objective, it is

• Practice driven and offers a comprehensive view and understanding of the energy sector.
• Globally applicable in energy markets. The content reflects the increasing global interaction and growth potential in the energy marketplace.
• Integrative. A portfolio view guides the analysis of various risks throughout the physical energy value chain. Using the physical energy market as a building block to the financial marketplace for energy commodities creates a comprehensive understanding of risks and their management.
• It incorporates real option perspectives in analyzing the energy value chain and its risks.

GARP's Certificate of Energy Risk Management covers two broad segments of the energy markets, the physical marketplace and the financial or 'paper' marketplace. To best address the complexity of the energy markets, the Certificate consists of three integrated parts.

GARP’s Fundamentals of Energy Risk Management introduces candidates to the basic components and some of the basic terminology used in the energy industry.  It covers the commodity cycle, energy use and sources, and various risk types, various energy products and the markets where energy is traded.  It introduces certain risk management fundamentals and real option thinking.

Module 1 of GARP’s Certificate in Energy Risk Management – The Physical Energy Market, explores exploration and production, transportation and storage, and refining and distribution for energy and power.  It covers extensively crude oil, refined products, natural gas, LNG, and power. This advanced module focuses on business activities and risks throughout the energy value chain. It explores the unique features of each commodity and how these features effect risks and effect risk management.

Module 2 of GARP’s Certificate in Energy Risk Management – Managing Energy Risk, covers the financial marketplace as well as processes and procedures to mitigate exposures.  Energy companies use the financial markets to ‘hedge’, to reduce or transfer their risks. This advanced module covers the markets for financial derivatives such as commodity futures contracts, swaps, options, forward contracts and other structured financial products available to manage risks.  

To obtain the Certificate in Energy Risk Management, students will study the foundation course that provides the ground for the two advanced modules. To complete the foundation course, the candidate will take an assessment exam. This assessment exam ensures that the Candidate has attained a basic understanding of the energy industry and energy markets.

Successively passing the exam at the end of each of the two advanced modules, leads to the certificate. To maintain high standards, the passing rate for both modules is set at 70%. The exam for each advanced module consists of multiple-choice questions. Candidates must first pass the Module 1 exam before proceeding to Module 2. 

Each exam will be given electronically: the assessment exam through the Certificate’s dedicated website and the exams covering the advanced modules at more than 4,000 Pearson VUE testing centers throughout the world.

The exams for the advanced modules are offered four times throughout the year in January, April, July and October.

Details of these test centers can be found on the Pearson VUE web site at www.vue.com/garp.

GARP offers web-based training program to give employees a more hands-on view of the complexities involved in managing energy risk. These programs will range from a more generic overview to in-depth details about understanding and implementing risk management practices. These programs will support the Candidates pursuing the Certificate.

GARP provides interactive online webinars on Energy Risk Management that build professional skills, help exploring risk management and expand knowledge and understanding of both the energy industry and its processes. GARP's concise iRisk Webinars are convenient for employees to understand the risks and processes of the energy industry.