Stephen Bennett

Stephen Bennett

Scripps Institution of Oceanography

Greater San Diego Area

Current
Past
  • Meteorologist, Energy Trading at Enron
  • Forecast Meteorologist and Product Developer at The Weather Channel
  • Broadcast Meteorologist, WSC Radio Network at Weather Services Corporation
  • Forecast Meteorologist - Media Services at WeatherData Incorporated
Education
  • University of California, San Diego - The Rady School of Management
  • University of California, San Diego - The Rady School of Management
  • The John Marshall Law School
  • Citadel Investment Group Training and Development
  • Center For Creative Leadership
  • University of South Alabama
Connections
160 connections
Industry
Research
Websites

Stephen Bennett’s Summary

Professional Objective: Use an entrepreneurial approach to link earth, ocean, atmospheric and climate science to corporate risk management, business product development and investment portfolios.

Scientific Expertise: Synoptic Meteorology; Tropical Meteorology; Atmospheric Teleconnections (AO, NAO, PNA, PDO, ENSO, MJO) as related to medium to long-range weather prediction.

Scientific Application: Quantifying the impact of weather on commodity markets; Catastrophic risk analysis and risk modeling

Business Experience: Insurance/Reinsurance, Energy Trading, Commodities Trading, Consulting, Media

Specialized Coursework: Leadership and Management, Intellectual Property Law, Corporate and Securities Law, Real Estate Law

Stephen Bennett’s Specialties:

Communicating technical scientific information to non-scientist decision makers in the corporate community. Working with senior management, risk analysts, investors and the media to understand the impact of natural/environmental systems and events.


Stephen Bennett’s Experience

  • Product Development and Client Relations Consultant

    MDA EarthSat Weather

    (Public Company; Environmental Services industry)

    September 2009Present (4 months)

    I have an active role in both communication with clients and assisting in the enhancement and development of MDA's product line. Specifically, I am working to quantify client feedback regarding the overall service and on specific products. I use this data to recommend and assist in the development of new products and to enhance existing products. I also occasionally contribute, operationally, to products during instances of extreme weather.

  • Executive Development Consultant for Climate Change and Business

    Rady School of Management, UC San Diego

    (Higher Education industry)

    June 2008Present (1 year 7 months)

    Scripps teamed with the Rady School of Management to develop the "Climate Change and Business" professional development series. Programs in this series began in June of 2008 and, since then, over one hundred professionals have participated in two-day short-courses and shorter mini-lectures. The program has drawn executives from all over the country including IBM, Qualcomm, Nike, and dozens of others. Instruction comes from corporate leaders but also from a selection of the world's leading climate scientists.

    As a recent example: the Rady School of Management and the Scripps Institution of Oceanography hosted nearly fifty business professionals from across the nation May 7–8, 2009 for Climate Change and Business: The ROI for Going Green. Participants represented companies such as Qualcomm and Sony which have made a commitment to developing world-class corporate sustainability practices. Professional investors came from organizations such as City National Bank to discuss "green" investment portfolios.

    Ninety-four percent of participants indicated that the course met or exceeded their expectations. Participants and instructors are continuing discussions that emerged during the course. Continuing education is exclusively available for “Climate Change and Business” participants at RADAR. Further courses in our “Climate Change and Business” series are currently under development.

  • Director of Business Development

    Scripps Institution of Oceanography, University of California San Diego

    (Educational Institution; 501-1000 employees; Research industry)

    April 2008Present (1 year 9 months)

    Scripps is one of the world’s oldest, largest, and preeminent centers for ocean, earth and atmosphere research. Scripps science ranges from seminal work in Global Climate Change (including the Keeling Curve and a share of the Nobel Prize as part of the IPCC) to understanding El Nino's impact on North American weather to new discoveries in biofuels and biopharmaceuticals from the ocean. Scripps is also at the forefront of geophysical research ranging from studies geared toward oil/gas exploration to gaining a better understand catastrophic earthquakes.

    The "Office of Business Development" at Scripps has three primary initiatives: (1) Executive Education focused on the link from weather, climate, and natural hazards to business; (2) Research partnerships (including SPHEAR); and (3) Scripps innovation and new venture creation.

  • Executive Director, SPHEAR

    Scripps Institution of Oceanography

    (Educational Institution; Research industry)

    April 2008Present (1 year 9 months)

    The Scripps Partnership for Hazards and Environmental Applied Resarch (SPHEAR) was launched in the summer of 2008. In the first quarter of 2009, a group of SPHEAR corporate partners teamed with Scripps researchers to launch a pilot project that will deliver insights on weather extremes as applied to energy trading. Scripps is proud to be working with Chesapeake Energy, Susquehanna International Group, and Citadel Investment Group on our first project that focuses on cold weather outbreaks and their impact to the energy complex. The project: (1) uses a comprehensive definition to examine the variability of regional cold extremes; (2) uses powerful statistical tools to investigate causality and demonstrate skillful seasonal-to-interannual predictability of the seasonal probability and other features of regional cold outbreaks; (3) examines synoptic causes and precursors of individual regional cold events; and (4) expects to use this information to improve the lead-time and skill of their extended range weather forecasts by tapping into relevant precursor weather information and conditioning the weather forecast on contemporaneous large-scale climate information.

  • Co-Founder

    Cirrus Properties LLC

    (Real Estate industry)

    2006Present (3 years )

    Cirrus Properties is a North Carolina based property investment firm specializing in residential development and commercial properties.

  • Director of Reinsurance Research

    Citadel Investment Group

    (Privately Held; 501-1000 employees; Financial Services industry)

    20062008 (2 years )

    1) Initiated and directed a team (4 people) developing software to function as the core risk management and pricing platform for two independent Bermuda based reinsurance companies.

    2) Initiated and directed a team (6 people) focused on hazard research for two independent Bermuda based reinsurance companies. Detailed research focused primarily on natural perils including hurricanes, severe thunderstorms, extra-tropical cyclones and earthquakes across the globe. Research deliverables included regular reports used by senior management in Bermuda for risk management and pricing.

    3) Consulted senior Citadel management on risk in the Reinsurance Investment Strategy.

  • Manager of Weather Research, Energy Trading

    Citadel Investment Group

    (Privately Held; 501-1000 employees; Financial Services industry)

    20042006 (2 years )

    1) Managed a weather research team (6 people) responsible for supporting Citadel’s Energy Trading Desk.

    2) Responsible for daily reports focused on weather risk. Reports were utilized for risk management across multiple investment strategies within Citadel.

    3) Responsible for daily consultation with senior energy traders to discuss weather risk to daily investing strategies and position management.

  • Meteorologist, Energy Trading

    Citadel Investment Group

    (Privately Held; 501-1000 employees; Financial Services industry)

    20022004 (2 years )

    1) Part of a team (7 people) recruited to develop the Energy Trading Desk at Citadel. Participated in recruiting and hiring for what is now a team of over 50 people with revenue in excess of $1.5 Billion between 2002 and 2006.

    2) Part of a team (4 people) responsible for developing the infrastructure necessary to monitor and communicate weather risk as it relates to energy trading. Infrastructure includes 3rd party vendor relationships, databases containing terabytes of data, systems producing daily weather forecasts for hundreds of cities worldwide, processes for modeling energy demand and for daily risk reports.

    3) Part of a team (4 people) responsible for temperature forecasting to model energy demand. I forecast daily maximum and minimum temperatures across the two-week forecast window then performed research and developed a view on the 30 and 90-day ahead forecast windows. I also communicated the weather forecasts and primary weather risks to energy traders

  • Meteorologist, Energy Trading

    Enron

    (Public Company; 10,001 or more employees; ENE; Oil & Energy industry)

    20002002 (2 years )

    1) Part of a team (4 people) responsible for temperature forecasting to model energy demand. I forecast daily maximum and minimum temperatures across the two-week forecast window then performed research and developed a view on the 30 and 90-day ahead forecast windows. I also communicated the weather forecasts and primary weather risks to energy traders.

    2) Partly responsible for hiring and training the manager of the Weather Research Desk for Enron Europe, Dr. Tony Hamilton. Together, Tony and I spent a month in London building the necessary infrastructure to support a European Energy Trading Desk and a Global Weather Derivatives Trading Desk. Once the research desk was operational, I returned and served as the primary liaison between research initiatives and daily weather operations in Houston and London.

  • Forecast Meteorologist and Product Developer

    The Weather Channel

    (Public Company; 501-1000 employees; Broadcast Media industry)

    19982000 (2 years )

    Responsible for daily weather forecasts nationwide. Initiated and developed animated weather graphics that served as special on-air content. Briefed on-air talent as to the “weather stories” of the day and the rationale behind on-air weather forecasts.

  • Broadcast Meteorologist, WSC Radio Network

    Weather Services Corporation

    (Privately Held; 51-200 employees; Broadcast Media industry)

    19961998 (2 years )

    1) Responsible for weather forecasts provided to non-meteorologist on-air talent.

    2) On-air weather broadcaster for dozens of radio stations nationwide including WOR-AM in New York City and WRKO-AM in Boston.

  • Forecast Meteorologist - Media Services

    WeatherData Incorporated

    (Privately Held; 51-200 employees; Newspapers industry)

    19951996 (1 year )

    Responsible for forecasts, weather-page construction, and reporter briefings for dozens of newspapers nationwide.


Stephen Bennett’s Education

  • University of California, San Diego - The Rady School of Management

    Entrepreneurship: Scientist to CEO 20092009

    This hands-on, interactive program teaches to apply management principles, technology strategies, market opportunity assessments, value propositions, business models and financing strategies for the decision to create and launch a business. Throughout the process, participants receive one-on-one business coaching. At the conclusion of the course, a select panel of industry and subject matter experts provide insights on each business plan.

    This program utilizes FastTrac® NewVenture™, an award-winning, comprehensive package of entrepreneurship training materials developed by the Ewing Marion Kauffman Foundation. Over 300,000 entrepreneurs worldwide have already found success through the proven, practical benefits of FastTrac programs. Let the Rady School help you find that same success.

  • University of California, San Diego - The Rady School of Management

    Exec Ed , Learning Consortium: Change Management , 20082008

  • The John Marshall Law School

    JD , Law , 20032007

    J.D., Magna Cum Laude, with specialized coursework in Corporate Law, Securities Regulation, Intellectual Property and a certificate in Real Estate Law.

    Ranked 2nd in the “Winter 2008” graduating class of 114 students.

    Published a student comment for the Review of Intellectual Property Law: The IP Asset Class: Protecting And Unlocking Inherent Value, 5 J. Marshall Rev. Intell. Prop. L. 402 (2006). http://www.jmripl.com/Vol5/Issue3/bennett.pdf

  • Citadel Investment Group Training and Development

    20022007

    Introductory Communication Training
    Advanced Communication Training
    Introduction to Finance

  • Center For Creative Leadership

    Leadership 20062006

    Foundations of Leadership

  • University of South Alabama

    BS , Meteorology , 19911995

    B.S. Meteorology

    Deans List 1993-1995

    Student Assistant at the Coastal Weather Research Center - 1992 to 1995.
    http://www.southalabama.edu/cwrc/


Additional Information

Stephen Bennett’s Websites:

Stephen Bennett’s Interests:

Leadership, Management, New Business Creation, Venture Capital, Private Equity, Investing, Science, Media


Stephen Bennett’s Contact Settings

Interested In:

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