Commodity-and-Energy-Risk-Management.pdf

Kpmg can assist company leadership to develop or

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KPMG can assist company leadership to develop or improve strategies and controls to help mitigate trading and marketing credit losses. S T R A T E G Y C O N C E P T I M P L E M E N T A T I O N Commodity & Energy Risk Management Model Development, Validation & Remediation Operations Tax Accounting Regulatory Internal Audit Forensics & Investigations Governance, Roles & Policies Hedging & Risk Strategy Credit & Collections Risk Reporting & Management Information Systems 12 | Commodity and Energy Risk Management
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Risk Reporting & Management Information Systems KPMG Service Activities Risk Reporting Assess report output data vs. original business requirement Assess and define communication clarity, robustness and timeliness and risk report dissemination and understanding Identify or develop alternative risk reporting formats, templates and dashboards (”Business Intelligence“) Identify data and infrastructure requirements supporting the preferred risk monitoring and reporting framework Assist to automate or select reporting tools Systems/ Applications Assessment Assess the capability of the existing risk applications and tools to support functional business requirements and align with industry practices Conduct detailed analysis of transaction flow from front-to back-office systems Assess processes and controls within risk applications and reporting systems Assess adequacy of the current system to support new or existing reporting requirements Evaluation, Selection, and Implementation Analyse compatibility and interface of existent IT system and system architecture and planned system implementations Identify minimum business and functional requirements, establish vendor RFP and facilitate vendor demonstrations Assist management to identify and select commodity risk management systems, analytics or modelling assumptions Provide project management support during front-, middle-, and back-office system implementation The right business information strategy can help organisations operate more efficiently, optimise costs, seize growth opportunities, manage risk and deliver value to the bottom line. This can be accomplished through better alignment of processes, tools and reporting with enterprise business objectives and strategies. KPMG helps organisations increase the effectiveness and value of their business information initiatives to improve performance and risk management. We bring a particular strength in helping clients enhance data management, reporting, and IT systems. S T R A T E G Y C O N C E P T I M P L E M E N T A T I O N Commodity & Energy Risk Management Model Development, Validation & Remediation Operations Tax Accounting Regulatory Internal Audit Forensics & Investigations Governance, Roles & Policies Hedging & Risk Strategy Credit & Collections Risk Reporting & Management Information Systems Commodity and Energy Risk Management | 13
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Internal Audit KPMG Service Activities Internal Audit Strategic Sourcing Internal Audit Strategic Sourcing
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