Mayank Seksaria
54 Chatsworth Avenue #4, Buffalo, NY-14217
Email: mseksaria@gmail.com, Ph: 513-886-3567
Quantitative Analyst, Engineer and Banker with broad experience in financial services industry
especially in quantitative analytics, treasury management, valuations, business strategy management
and operations management. Demonstrated ability to integrate a large number of diverse components,
applying an extensive skill set, and then develop a complete solution scenario. Extensive analytical,
technical skills and managerial knowledge and expertise. Reputation for strong work ethic, high energy
level, detail oriented with strong communication, interpersonal and presentation skills and consistent
commitment to corporate success.
▪Quantitative/Financial modeling ▪Financial planning and forecasting ▪Balance sheet restructuring ▪MIS
▪Cash flow optimization ▪Budget management ▪Project/Strategy/Risk/Database Management
▪Data Analysis and modeling using SAS, SQL, EViews, and SPSS
▪Six Sigma Green Belt Certification
▪Financial Risk Manager (FRM) ▪Chartered Financial Analyst (CFA) program – Level II Candidate
▪Proficient in Excel, PowerPoint, Access, VBA ▪ Certified Management Accountant (CMA) candidate
EDUCATION
M.S.B.A, Quantitative Analysis, University of Cincinnati, Cincinnati, Ohio, May’ 2006
 GPA 3.7/4.0
B.S, Electrical Engineering, DAVV University, Indore, India, Jun’ 2001
 Graduated With Distinction
PROFESSIONAL EXPERIENCE
Float Analyst, HSBC Bank USA, Buffalo, NY (Jun’05-Dec’05(Intern), Apr’06-Present (Employee))
 Balance sheet restructuring for early recognition of funds in bank’s treasury operations generating
interest margins of over $20MM annually. Optimized collection of funds and reduced payments
clearing costs resulting in savings of $20MM since 2005.
 Created and managed project development and corporate strategy models for use in evaluating
potential project and business development opportunities. Organized next generation payments
operation by creating and managing complex, comprehensive financial models using large amounts
of quantitative and qualitative data; strong primary research skills and ability to draw creative
implementable real world solutions based on independent analysis.
 Analyzed, prepared and summarized recommendations for financial plans, financial trends and
operating forecasts. Performed financial forecasting, variance analysis of actual vs. forecast and
reconciliation of internal accounts. Developed chargeback methodologies for different units within the
payments operation group.
 Managed the development, modification, review and implementation of MIS reporting methods,
controls, policies and procedures for payments operation group.
 Used Six Sigma to evaluate the operational processes in order to rationalize or fundamentally change
business operating models. Reengineered business processes to increase productivity, improve
product and service quality, and enhance customer service and satisfaction.
 Build financial valuation models for deals with Bank of Montreal, TD Bank, Toyota and GM among
others for their payment operations in US. Also build econometric forecasting models for
cost/revenue analysis and impact of interest rate movements on balance sheet.
 Used Access, Excel, Visio and PowerPoint to create quantitative/financial models using large amounts
of raw data to conduct feasibility study, financial valuation analysis and product development for
operations strategic projects initiatives.
 Maintenance and development of regulatory and compliance procedures for fed funds availability,
check clearing and rules for deposit analysis as required by external regulators and internal audits.
 Implementation of new float system FPS 5.0 including development and testing work.
Co-op, Toyota Motor Manufacturing, George Town, KY (Mar’05-Jun’05)
 Re-sequencing of the multilane selectivity bank (SB) and Hiejunka for process improvement
 Simulation was identified as tool to help evaluate different models for SB issues.
 Achieved reduction in constraint violation, lateness and an increase in broadcast lead time
 Cost benefit analysis yielded a saving between $750,000 to $1,500,000 per year
Research Assistant, University of Cincinnati, Cincinnati, OH (Sep’01-Aug’04)
 Developed mathematical model for a spiral antenna and implemented simulation software in
programming language ‘C’ to calculate its radiation patterns
 Conceptualized and formulated the model for both near field as well as far field
MSBA THESIS
 Formulated analytically and quantitatively problem of trading schedule for a generating company and
created its risk management framework.
 Used time series analysis/volatility to generate models for returns and conducted sensitivity analysis
on the portfolio using Value at Risk(VaR)
 Created a Markowitz optimal portfolio for a electricity generating company by deriving mathematical
formulation using spot and bilateral pricing constraints
MODELING PROJECTS
 Financial Modeling: Modeled cash flows, NPV, annuities, loan amortizations, debt and equity
valuation, break even analysis, life cycle financial plan, portfolio optimization, options pricing,
discrete/continue-time asset pricing, risk management (VaR)
 Statistical Modeling: Extensively modeled financial time series analysis, multivariate data analysis,
regression analysis, probability, statistical theory, sampling data analysis, statistical estimation and
inference, hypothesis testing, generalized linear model analysis
 Equity Modeling: Calculated options on equities using Black Scholes and binomial tress (American
and European). Calculated the options greeks using Monte Carlo simulation. Used Black Scholes to
calculate implied volatility and volatility smiles and Rubenstein for skewness and kurtosis
adjustments
 Bond Modeling: Modeled term structure of interest rate, duration and convexity. Worked on bond
option modeling using Vasicek, Black, Cox Ingersoll Ross, and Black Derman Toy valuation models
 Portfolio Optimization: Modeled efficient frontier using Huang’s and Lichtenberger’s approach.
Developed a portfolio using risky assets and risk free asset
 Asset Pricing and Performance Measurement: Developed Single Index model, Capital Asset
pricing model, estimating bets coefficients and variance – covariance matrices. Also conducted style
analysis – simple and rolling period, using confidence interval as style weights
 Derivatives, Pricing Models and Hedging Strategies: Understand option trading and hedging
strategies, and traded options (Bull/Bear Spread, Collar, Butterfly Spread, and Straddle). Knowledge
of hedging and the Greeks: Delta, Theta, Gamma, Vega, Rho and volatility smiles
 Credit Risk Management: Understanding of credit risk management including loan sales,
securitizations, default risks, credit derivatives and credit portfolio management. Understanding of
Operational risk, capital allocation and economic capital models
 Sampling Analysis: Developed sample surveys, mathematical preliminaries, sampling weights,
systemic sampling, stratified random sampling, two state cluster sampling, unequal probability
sampling, and adaptive random sampling
 Data Analysis: Data import/export, data structure creation, data management/transformation,
generation/tailoring of reports, formatting data, combining data sets, macro processing, data
querying and data parsing
COMPUTER SKILLS
SAS, SPSS, Arena, Excel – VBA, C, C++, Solver, MS Office Suite, Monarch, Risk, MS Access, Front
Page 98, R, Mathematica, Crystal ball, Lotus Notes, MS SQL Server, People Soft, Essbase
PROFESSIONAL AFFILIATIONS
 President, INFORMS student chapter at the University of Cincinnati
 Member, Omega Rho International Honor Society for Operations Research & Management Science
CERTIFICATIONS
 Cleared CFA Level –I exam. Working towards CFA L-II exam in June 2009.
 Certified as FRM provided by Global Association of Risk Professionals (GARP)
 Certified as a Six Sigma Green Belt by leading a project for HSBC Bank
ACHIEVEMENTS
 Received award from governor of the state, Dr. Bhai Mahavir in 2001 for excellence in studies
 Won Grade A certificate in Math’s Olympiad, organized by DU
 Excellent standardized test scores, GRE-Quantitative-800/800, Analytical-800/800, Verbal-530/800;
and GMAT–Verbal-39, Quantitative-49, Total-710/800.