Stephen Nurse
formerly JPMorgan
- Highly experienced derivatives risk executive with deep expertise across trading, valuation and risk management of large, complex derivatives portfolios.
- Recognised industry specialist in counterparty credit risk and XVA (CVA, FVA, KVA), with hands-on experience building and scaling front-office capabilities to price, manage and optimise contingent risks across the largest derivatives franchise.
- Led the re-engineering of JPMorgan's derivatives businesses in response to post-crisis market and regulatory change, including capital, liquidity, margining and clearing reforms.
- Former Global Head of Risk & Capital at JPMorgan for the Clearing businesses (OTC clearing, futures & options, and FX prime brokerage).
- Lead negotiator on complex collateral and pricing discussions, including large-scale CSA negotiations with supranationals, sovereigns, financial institutions and major corporates.
- Active contributor to market structure evolution through participation in International Swaps and Derivatives Association, Futures Industry Association and CCP Risk Committees (Eurex, ICE).