Steve Allen is a consultant in risk management, specializing in risk methodology with a particular emphasis on illiquid and hard-to-value assets. He recently retired as clinical associate professor of mathematics and Deputy Director of the Mathematics in Finance Masters Program at New York University’s Courant Institute of Mathematical Sciences, where he continues to teach a course in Risk Management. Steve joined the NYU faculty full-time in 2004, after a 35-year career in the finance industry, most recently as managing director of JPMorgan Chase, in charge of risk methodology, including responsibility for capital methodology for both market and credit risk, research on risk issues, and model review. Previous positions he held include 7 years as head of market risk management for all of Chase’s derivative products globally, 10 years as director of modeling and systems for Chase’s trading activities, 5 years as head of modeling and analytics for Chase’s Asset-Liability Management Committee, and 5 years as Deputy Director of Management Science. Steve studied mathematics as an undergraduate at Columbia College and as a graduate student at New York University's Courant Institute of Mathematical Sciences. He has taught risk management in the Courant Masters in Math Finance program since 1998 and is the author of Financial Risk Management: A Practitioner’s Guide to Managing Market and Credit Risk and is co-author of Valuing Fixed Income Investments and Derivative Securities.