ENERGY TRADING RISK MANAGEMENT CHECKLIST

Created by ChecklistGuro (https://checklistguro.com)


--- MARKET DATA & PRICING ---
[ ] Data Source Update Date
[ ] Price Deviation Threshold (%)
[ ] Data Source Validation Status (Passed, Failed, Pending)
[ ] Notes on Data Anomalies
[ ] Last Data Refresh Time
[ ] Average Price Variance (Ticks)

--- COUNTERPARTY CREDIT RISK ---
[ ] Counterparty Credit Limit
[ ] Credit Rating Agency Rating (AAA, AA, A, BBB, BB, B, CCC, CC, C, D)
[ ] Last Credit Review Date
[ ] Collateral Posted (Value)
[ ] Collateral Type (Cash, Government Bonds, Other)
[ ] Summary of Creditworthiness Assessment
[ ] Credit Report

--- REGULATORY COMPLIANCE ---
[ ] Applicable Regulations (FERC Regulations, EMIR, Dodd-Frank Act, State-Specific Regulations, Other (Specify))
[ ] Reporting Frequency (Days)
[ ] Last Compliance Review Date
[ ] Summary of Compliance Review Findings
[ ] Supporting Documentation (e.g., Compliance Certificates)
[ ] Reporting Status (Submitted, Pending Submission, Not Applicable)

--- POSITION LIMITS & REPORTING ---
[ ] Current Position (Megawatt Hours)
[ ] Regulatory Position Limit (Megawatt Hours)
[ ] Reporting Frequency (Daily, Weekly, Monthly)
[ ] Last Reporting Date
[ ] Reporting Submission Time
[ ] Reporting Jurisdiction (FERC, EMIR, Local Authority)
[ ] Supporting Documentation (e.g., trade confirmations)

--- MODEL RISK MANAGEMENT ---
[ ] Model Validation Frequency (Months)
[ ] Model Type (Pricing Model, Risk Assessment Model, Exposure Calculation Model)
[ ] Model Assumptions & Limitations
[ ] Model Validation Report
[ ] Date of Last Validation
[ ] Model Error Rate (e.g., MAPE)
[ ] Description of Model Enhancements Implemented

--- OPERATIONAL PROCEDURES ---
[ ] Order Routing Method (Direct Market Access (DMA), Broker-Dealer, Smart Order Routing (SOR))
[ ] Trade Execution Timestamp
[ ] Trade Volume
[ ] Confirmation Details/Notes
[ ] Settlement Date
[ ] Settlement Type (Physical, Financial)
[ ] Trade Confirmation Sign-off

--- CYBERSECURITY & DATA SECURITY ---
[ ] Firewall Configuration Status (Compliant, Non-Compliant, Pending Review)
[ ] Last Password Reset Cycle (Days)
[ ] Vulnerability Scan Results - Critical Findings (SQL Injection, Cross-Site Scripting (XSS), Remote Code Execution (RCE), Denial of Service (DoS))
[ ] Last Security Awareness Training Completion Date
[ ] Description of Data Encryption Methods
[ ] Security Audit Report

--- STRESS TESTING & SCENARIO ANALYSIS ---
[ ] Price Shock Magnitude (%)
[ ] Volume Change Factor
[ ] Scenario Start Date
[ ] Duration (Days)
[ ] Affected Assets (Natural Gas, Crude Oil, Electricity, Renewable Energy Credits)
[ ] Scenario Narrative
[ ] Portfolio P&L Impact ($)

--- RECORD KEEPING & AUDIT TRAIL ---
[ ] Trade Date
[ ] Trade Time
[ ] Trade Volume
[ ] Price per Unit
[ ] Product Traded (Electricity, Natural Gas, Renewable Energy Certificates (RECs), Carbon Credits)
[ ] Notes/Comments (e.g., rationale for trade)
[ ] Supporting Documentation (e.g., contracts, agreements)
[ ] Trader Signature

--- BUSINESS CONTINUITY & DISASTER RECOVERY ---
[ ] Last BCP/DRP Review Date
[ ] Summary of Key BCP/DRP Actions Taken Since Last Review
[ ] BCP/DRP Activation Status (Not Activated, Activated (Testing), Activated (Live Event))
[ ] Estimated RTO (Recovery Time Objective) in hours
[ ] Estimated RPO (Recovery Point Objective) in hours
[ ] BCP/DRP Documentation (Latest Version)
[ ] Alternate Trading Location Tested (Y/N) (Yes, No)
[ ] Notes/Observations from Recent Testing/Drills

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