Enron Research Group
Enron's quantitative research division led by Vince Kaminski, employing approximately 50 PhD-level analysts who specialized in derivatives pricing, risk modeling, and financial engineering from 1992-2002.
Risk-Management
9 entries
E
I
Internal Audit
Enron's distributed internal audit function, nominally under Chief Risk Officer Rick Buy, relied heavily on Arthur Andersen for execution and focused on trading controls while missing the accounting fraud that destroyed the company.
P
Phillip M. Love
Risk Management Lead for the Central Gas desk at Enron North America, responsible for daily P&L calculations and position tracking for Houston gas traders
R
Raptor Special Purpose Entities
A series of four special purpose entities that used circular hedging with Enron's own stock, ultimately contributing $710 million in losses and precipitating the company's collapse.
Rick Buy
Executive Vice President and Chief Risk Officer who led Enron's Risk Assessment and Control division, overseeing transaction approvals and risk management until his termination in February 2002.
Risk Management at Enron
Enron's bifurcated risk management system comprised RAC under Chief Risk Officer Rick Buy and the Research Group under Vince Kaminski, employing world-class quantitative talent that ultimately failed to prevent the company's collapse.
S
Sally Beck
Vice President of Global Risk Management Operations at Enron who oversaw trading operations infrastructure, CommodityLogic platform management, and the global Project DoorStep initiative.
T
Trading Risk Desk (Global Risk Management Operations)
Enron's operational risk monitoring function, formally known as Risk Controls-Operational, which handled daily VAR calculations, position limit monitoring, and risk reporting across all trading desks under Sally Beck's Global Risk Management Operations umbrella.
V
Vince Kaminski
Managing Director of Enron's Research Group and key whistleblower who warned senior management about the flawed Raptor hedging transactions before the company's collapse.