Deloitte’s Energy & Resources (E&R) ERS practice provides comprehensive, integrated solutions to the oil & gas, power, mining, water, and shipping & ports sectors around the world. Our solutions include a wide range of advisory services that focus on the challenges and risks that impact our clients in every sector of the industry.
As a result of ever changing regulations, political and economic factors, market pressure and new technologies, companies must now consider a growing number of risks that often impact multiple facets of the organization. With our extensive industry knowledge and in-depth expertise and experience in Enterprise Risk Services (ERS), we help organizations become Risk Intelligent organizations. Risk Intelligent organizations manage risks to both create and protect value.
With over 100 years of experience serving the energy industry, over 8,000 partners and professionals serving the industry worldwide, and innovative resources such as Deloitte’s Energy Centers for Excellence, Deloitte continues to be a leading professional services provider to the Energy & Resources industry.
ERM & Governance Services
Enterprise Risk Management Services help organizations integrate risk management into their business and strategic processes to enable them to take risks to create value as well as respond to and mitigate risks appropriately. Our industry specific experience and expertise allows us to provide a range of services to help E&R clients with their risk management issues, including identification and prioritization of enterprise-wide risks, assessment of an organization's risk capabilities, and development of the tools, processes and organizational structures needed to build a robust and sustainable risk management program.
Market and Credit Risk Management
Deloitte has deep technical expertise in leading practice capability assessments and assisting clients in building effective market risk and credit risk management infrastructures. Our integrated approach to market and credit risk management focuses on the client’s capabilities and how these are integrated in the client’s functional components. Our approach provides the basis to assist our clients in areas such as building governance structure to define oversight roles of investments and ERM, establishing risk appetite that is well defined, both quantitatively and qualitatively, defining and documenting roles and responsibilities for the market and/or credit risk management function and its dependencies with other functions, and implementing reporting packages to allow for entity-wide monitoring and management of market and credit risks.
Regulatory and Compliance Services
Deloitte has not only helped energy companies transform how they handle complying with rapidly changing regulations, we also have extensive experience in helping clients transform compliance programs and activities designed to enhance business performance. Our philosophy is that having a cost-effective, efficient compliance program can provide an important risk management tool and, perhaps, even a competitive advantage to our clients. Deloitte provides a wide array of services to clients in regulated industries who proactively seek to promote compliance standards, educate their workforce, and detect potential violations. We also assist clients in addressing identified compliance issues, interacting with regulatory authorities, and responding to inquiries, investigations and other regulatory actions.
Controls Transformation: Finance Transformation
Finance Transformation (FT) services focus on improving the effectiveness and efficiency of finance, compliance, and treasury operations where the linkage to the financial statements and internal controls is significant. Services focus on the underlying business process and control environment to mitigate financial statement, business operations, regulatory, and technology risk. These services include the downstream process effects of accounting policy changes (including IFRS), the compliance processes associated with specific industry-based regulation, and the operating processes related to finance (including financial close, financial planning & analysis, and treasury).
Controls Transformation: IPO Readiness
While public ownership can offer significant advantages, such as improved access to capital, enhanced financial position, and greater ability to raise equity, public ownership also poses potential risks, including heightened market scrutiny, decreased control, and greater management demands — all of which should be considered. IPO Readiness services offer a dedicated group of professionals with extensive industry and IPO experience. As a multidisciplinary organization, this service provides accounting, financial reporting, tax, systems, and technology advisory services. The professionals in this group have the deep and diverse experience necessary to tailor an approach that fits each company’s specific needs with their IPO.
Commodity Trading & Risk Management
Recent challenges in the commodity transacting environment are driving the need for improved information technology and operational efficiencies in trading organizations — companies are facing higher analyst and shareholder expectations, more complex trading risks, greater volatility, broader cross-commodity positions, and changing regulatory compliance and financial reporting requirements.
As a leading provider of transacting and risk management solutions for commodity companies, Deloitte offers a full range of specialized services to help our clients address the operations and technology needs associated with these challenges. Our team of experienced trading and risk management specialists provides solutions for operations and technology strategy, application selection, implementation, data integration, cross-commodity reporting, data warehousing, business process re-engineering, and business process automation.
Contract Risk Management
Contract Risk & Compliance (CRC) services assist clients in identifying, evaluating and mitigating contractual risks. Services focus on improving confidence in our clients’ contractual relationships and include assisting with the validation of information exchanged between clients and their customers, vendors, and third party service providers. Services also include helping clients improve the effectiveness and efficiency of their contract compliance processes and controls resulting in improved identification and management of risk.
Global ERS Energy & Resources Leader
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Australia ERS Energy & Resources Leader
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|Cathy Ann Gibson
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