Master in Mathematical Finance, University of Toronto, Canada
B.Sc. in Pure Mathematics, University of St. Andrews, Scotland
Paul Stefiszyn, Director of ESP Consulting Benelux, is an expert in power markets, energy trading, and commodity risk management, with more than 15 years of experience in both industry and consulting in Europe, North America, Asia, and Africa. Paul’s particular areas of expertise include quantitative analysis and modelling, energy trading operations and strategy, and the implementation of best-practice risk management for companies in the energy industry. Prior to joining ESP Consulting, Paul held a number of senior risk management positions with Nuon (now Vattenfall), a vertically integrated energy utility in the Netherlands.
Paul has particular in-depth subject matter expertise in implementing risk management, including both trading risk management as well as wider enterprise risks. His experience includes risk policy development and improvement of the risk governance and control framework, risk modelling and the calculation of risk metrics, and the implementation of the core ETRM system and wider risk system infrastructure. He has led numerous diagnostic reviews to benchmark risk management practices against industry best practice. As a consultant, Paul has:
Paul joined ESP Consulting from Nuon (now Vattenfall), where he held numerous risk management roles including Manager of Quantitative Risk Analysis and Middle Office Manager.
Paul has supported organisations in developing their responses to regulatory change, market evolution, corporate action (such as mergers), and business growth. In particular, his recent projects have focused on business process optimisation and redesign of the organisation. Paul has designed transfer pricing arrangements to facilitate performance measurement and thus improve accountability across the organisation. Paul has also fulfilled interim management assignments. For example, Paul has:
Paul has extensive modelling experience. In addition to risk exposure modelling for commodity portfolios considering both market risk (e.g. value at risk, earnings at risk) and credit risk (e.g. potential future exposure, expected credit loss), Paul’s modelling skills include asset dispatch optimisation and market price modelling from both a stochastic and fundamental approach. Paul takes a pragmatic approach to model building, implementing easily calibrated prototypes which capture the essential features of the system being modelled. Since joining ESP Consulting, Paul has:
Paul has two university degrees in mathematics. He began his career in the energy market at Financial Engineering Associates, a specialist provider of software models to energy companies. He was subsequently appointed to be Manager of Quantitative Risk Analysis at Nuon Energy in Amsterdam.