- Bio -
Thomas J. Lord is an executive with over 35 years of experience in the commodity industry in US and international markets, including senior positions with investor owned and public power utilities, oil, gas, natural gas liquids and power production and trading firms as well as strategic consulting firms. As Executive Director at EY, he currently leads multiple engagements assisting firms in assessing impacts and designing internal responses to regulations under global derivatives regulation initiatives. This work includes developing strategic frameworks for enabling efficient and consistent compliance with multiple regulatory jurisdictions with overlapping impacts. Previously, he led the Dodd-Frank Title VII practice for PricewaterhouseCoopers in the energy market developing compliance strategies, corporate transaction and governance policies, procedures and operating controls as well as risk management system integration and deployment.
In the regulatory compliance area, EY is providing thought leadership in the development of integrated strategy for futures, derivatives and physical market rules as well as trade surveillance and market oversight guidance that covers all three market structures. His work regarding Dodd-Frank includes assessments, gap analysis of client compliance efforts as well as complete implementations of Dodd-Frank operational controls process flows and creation of compliance manual materials. He has led several efforts to design, develop and deploy client based risk management IT solutions utilizing a blend of off-the shelf, custom and client developed software. He has served as lead subject matter resource on swap dealer implementations.
Prior to joining PwC, he provided subject matter expertise to design multiple models to implement energy compliance product launch responding to CFTC, CME and FERC regulations and oversight activities for a leading supplier of compliance software to the financial and anti-money laundering market space. He led product effectuation for multiple client proof of concept engagements and client solution development, while acting as subject matter expert for pilot project resulting in execution of global implementation for major global energy firm – primary client contact for business process and business mapping during implementation. This trade surveillance system was developed for the same firm that provided a similar trade surveillance data model to the CFTC.
Tom previously headed trading desks in physical natural gas and NGLs for such firms as Morgan Stanley and BP as well as risk management, structuring and strategy projects with other firms. He had primary responsibility for on-site activities as well as development of the world’s first option based capacity market for electricity in Colombia under a 1999-2001 UNDP/World Bank engagement.
Tom has developed and led workshops for clients addressing implementation issues of swap dealer registration by energy firms with the National Futures Association under the Act.
Tom has published over 20 articles on energy and commodity markets and risk management as well as spoken at multiple forums on Dodd/Frank sponsored by the legal community.
Tom holds a J.D. degree from the University of Denver in Denver, Colorado. He also holds a B.S. in mechanical engineering and a B.A. in government and public policy from Cornell University in Ithaca, New York. He has completed graduate studies towards a Master degree in mineral economics from the Colorado School of Mines.
Thomas Lord, Executive Director
Ernst & Young, LLP