The Risk of Knowing About the GARP’s ERP Program

by Admin

in ERP Candidate Stories

Note from Alex: This is a guest post from Richard Jide Adisah. Richard is an ERP candidate in Ghana and writes about his experiences and preparations for the ERP exam. Enjoy!

If you are on this blog and reading this post, you probable know all the technical stuff you need to know about the Energy Risk Professional Program. So I won’t bore you with details and technicalities. Let me tell you about what knowing about the ERP has done to my life.

I discovered ERP in a local newspaper in Ghana. A unique institution set up by the Central Bank in Ghana (“Bank of Ghana”) was offering an energy finance training programme designed based on the ERP curriculum. Immediately I was hooked. I wanted to know more, and when I enrolled in the program, my appetite grew more. Soon enough though, I discovered that the available study materials are few and far between, and so are practice questions, fellow candidates, and even financial risk training for the energy industry as a whole.

Energy risk management knowledge is quite challenging to master and very few books cover enough background for a candidate to develop a comprehensive understanding. And so the more you learn, the more you want to know.  The techniques are relative new and not well-tested  and very few authors express deep enough confidence in their own models to encourage widespread adoption.

Though I am yet to take the exam, I have had considerable discussions with many industry professionals some of whom have successfully been ERP certified (including Alex Janis) and my conviction is yet to change. ERP is designed by GARP to mimic the energy industry. Studying it involves continuous exploration for new ideas, new techniques and cutting edge understanding of a continuously evolving field.

It’s challenging yet exciting. It’s broad yet highly specialized. I have enjoyed every bit of the ERP journey and I  tell you this for sure, I am only beginning. The only thing I keep hearing from everyone is that you need more time to study, be strategic, identify the key link between concepts and AIM statements and always ask yourself: “Where is the risk?”

I guess everyone agrees with me, knowing about the ERP creates in you an insatiable appetite to know more. It’s relatively new, it’s exciting but passing the exam requires a strategic and smart approach to mastering the skills and concepts.  Soon enough though, I might have the chance to find out, how right I am.

Cheers.

Richard Jide Adisah



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