Supporting a diversified energy company’s risk management program by identifying and quantifying risks across their portfolio of businesses

“MCR’s ability to assist in quantifying risks and display the results in a compelling manner has allowed us to take our risk management program to the next level.”

—Chief Risk Officer

Background

A large energy firm owns and operates a diverse portfolio of companies that include regulated utilities, an energy services company, natural gas storage facilities, and an energy trading and marketing unit. These companies have a diverse set of risks which need to be monitored and assessed as market conditions and market dynamics change.

Solution

MCR works with the Chief Risk Officer (CRO) organization to provide a wide range of analytical support. MCR’s services include assisting in identifying emerging risks and applying quantitative analysis models and techniques to assess these risks, participating in the analysis of selected corporate strategies from a risk perspective, and supporting the annual Enterprise Risk Management process.

Results

MCR’s work is integrated into the risk management processes of the company and is incorporated into various reports and analyses presented by the CRO organization to both line and executive management, as well as to the Board of Directors.