Learning from the industry through a bespoke peer benchmark study
Commercial Advisory – Oil
The Engagement:
Commercial Advisory
The Client:
Major global commodities trader
The Challenge:
The company needed to understand how it compared to its peers in the management of risk and the control of its trading activities
Duration:
4 months
How Energex helped:
- Provided a relevant and current external view of how industry peers provide guidance, control and management oversight of a wide range of commodity trading activities
- Conducted a bespoke peer review spanning banks, traders and oil majors, assessing the operations of multiple functional areas (e.g., market risk, operational risk, compliance, etc.) and an in-depth understanding of specific areas of interest (e.g., market-to-market standards, communication policies, handling breaches, etc.)
- Provided a qualitative assessment, combined with anecdotal feedback and evidence of the common practices and processes adopted by industry peers alongside highlighting some specific outliers
- Provided a detailed peer ranking identifying the major differences between those organisations which were assessed
- Informed the development and improvement of the organisation’s major standards and policies
Tangible Impact:
- A consistent and shared understanding of how the day-to-day trading business can be managed and executed based on the output of the peer review
- Assurance that the business was operating in a manner that was broadly consistent with its industry peer-group