Message-ID: <5118917.1075855817443.JavaMail.evans@thyme> Date: Tue, 18 Jan 2000 00:55:00 -0800 (PST) From: vince.kaminski@enron.com Subject: Re: Global Risk Management Operations Cc: sally.beck@enron.com, vince.kaminski@enron.com Mime-Version: 1.0 Content-Type: text/plain; charset=ANSI_X3.4-1968 Content-Transfer-Encoding: quoted-printable Bcc: sally.beck@enron.com, vince.kaminski@enron.com X-From: Vince J Kaminski X-To: Rick Causey@ENRON X-cc: Sally Beck, Vince J Kaminski X-bcc: X-Folder: \Sally_Beck_Dec2000\Notes Folders\Congratulations X-Origin: Beck-S X-FileName: sbeck.nsf Rick, I read your memo regarding Global Risk Management Initiative. I am sending= =20 you the information regarding a related initiative on which I have been working las= t=20 year and which is moving now into the implementation stage. It's Enterprise - Wide Risk=20 Management and it's really an effort to measure business risks consistently across the= =20 company. I hope my group can be helpful in designing the general approach to this=20 problem. Please, let me know what your thoughts are. Vince =20 =09Enron North America Corp. =09 =09From: Rick Causey @ ENRON 01/17/2000 06:04 PM =09 Sent by: Enron Announcements@ENRON To: All Enron Worldwide cc: =20 Subject: Global Risk Management Operations Recognizing Enron=01,s increasing worldwide presence in the wholesale energ= y=20 business and the need to insure outstanding internal controls for all of ou= r=20 risk management activities, regardless of location, a global risk managemen= t=20 operations function has been created under the direction of Sally W. Beck,= =20 Vice President. In this role, Sally will report to Rick Causey, Executive= =20 Vice President and Chief Accounting Officer. =20 Sally=01,s responsibilities with regard to Global Risk Management Operation= s=20 will mirror those of other recently created Enron global functions. In thi= s=20 role, Sally will work closely with all Enron geographic regions and wholesa= le=20 companies to insure that each entity receives individualized regional suppo= rt=20 while also focusing on the following global responsibilities: 1. Enhance communication among risk management operations professionals. 2. Assure the proliferation of best operational practices around the globe.= =20 3. Facilitate the allocation of human resources. =20 4. Provide training for risk management operations personnel. 5. Coordinate user requirements for shared operational systems.=20 6. Oversee the creation of a global internal control audit plan for risk=20 management activities. 7. Establish procedures for opening new risk management operations offices= =20 and create key benchmarks for measuring on-going risk controls. =20 Each regional operations team will continue its direct reporting relationsh= ip=20 within its business unit, and will collaborate with Sally in the delivery o= f=20 these critical items. The Houston-based risk management operations team und= er=20 Sue Frusco=01,s leadership, which currently supports risk management activi= ties=20 for South America and Australia, will also report directly to Sally. =20 Sally retains her role as Vice President of Energy Operations for Enron=20 North America, reporting to the ENA Office of the Chairman. She has been i= n=20 her current role over Energy Operations since 1997, where she manages risk= =20 consolidation and reporting, risk management administration, physical produ= ct=20 delivery, confirmations and cash management for ENA=01,s physical commodity= =20 trading, energy derivatives trading and financial products trading. =20 Sally has been with Enron since 1992, when she joined the company as a=20 manager in Global Credit. Prior to joining Enron, Sally had four years=20 experience as a commercial banker and spent seven years as a registered=20 securities principal with a regional investment banking firm. She also own= ed=20 and managed a retail business for several years.=20 Please join me in supporting Sally in this additional coordination role for= =20 global risk management operations.=20