TUSHAR GUPTA Phone: +91-9920477513 | Email: tushargupta1991@gmail.com

EDUCATION

Indian Institute of Technology (IIT) Kharagpur (July 2009 – July 2014)

Bachelor and Master of Science in Mathematics and Computing; CGPA 8.45/10

ACADEMIC ACHIEVEMENTS

Secured an SGPA of 9.9 in 4th semester and ranked 4 in Department of Mathematics

Cleared FRM (Financial Risk Manager) – Level 1 Exam by GARP in Nov. 2012

Recipient of INSPIRE scholarship from the Department of Science and Technology, India

PROFESSIONAL EXPERIENCE

Senior Associate, Citibank, Mumbai (26 July 2016 and onwards)

Quantitative Equity Research Manager: Mr. Utsav Verma

Gained a working knowledge of various factor based models coded in S-Plus and SQL used for

long term investing and learnt about equity risk premia based investing strategies

Develop and maintain Citibank’s pure style factor indices

Recommend clients custom long-short portfolios using smart beta based investing methodologies

Analyst, Credit Suisse, Mumbai (7 July 2014 – 22 July 2016)

Market and Liquidity Risk Management Manager: Mr. Keyur Vyas

Developed and maintained VaR (Value at Risk) models to capture Market Risk

Addressed caveats and tasks raised by Model Validation Team on existing risk methodologies

Liquidity Horizon: Developed an automated system for calculation of days to liquidation for all

Credit Suisse’s holdings in the Bond Market

Worked on methodologies like CVA Proxy Basis VaR, Traded Loans Delta VaR, High Yield

Spread Delta VaR and Distressed Credit Delta VaR and created deliverables for submission to

regulatory entities, primarily PRA and FINMA

INTERNSHIPS

Deutsche Bank CIB Centre, Mumbai (May 2013 – July 2013)

Cash and Collateral Management Desk Manager: Mr. Devashish Sethia

Attended a 1-week boot camp and understood functioning of Listed Derivatives desk in

Markets Prime Finance

Listed Derivatives Funding Optimizer tool: Coded a real-time automated VBA based Excel

tool using Reuters meant to optimize the process of funding by identifying potential cost saving

opportunities in funding carried out using money market instruments vis-a-vis FX market

instruments, primarily FX swaps, leading to potential cost saving opportunities of $0.5 million

for my desk

Client Pricer tool: Coded a VBA based Excel tool for estimating an appropriate overnight

deposit rate for the cash collateral deposited by clients as the initial margin (in a variety of

currencies)

HDFC Bank, Mumbai (May 2012 – July 2012)

Project Finance Cell Manager: Mr. Ashish Bains

Studied and implemented the KMV-Merton Model on Indian listed firms

Identified key input variables by studying Merton and KMV models and calculated Expected

Default Frequency and Probability of Default as per KMV Model

Coded a VBA based Microsoft Excel macro for calculation of Probability of Default matching

historical outcomes with over 65% accuracy

Delivered a presentation to senior level executives of HDFC Bank

ACADEMIC PROJECT

M.Sc. Thesis Project, IIT Kharagpur (January 2014 – May 2014)

Optimization and financial modeling Guide: Prof. G. Panda

Involved the study and implementation of portfolio rebalancing and optimization models on

Indian stocks

Implemented “Portfolio rebalancing model using multiple criteria”, by Jing-Rung Yu, Wen-Yi

Lee from the European Journal of Operational Research 209 (2011)

Was awarded Prabodh Chandra Sanyal Award for best M.Sc. degree project in the

Department of Mathematics

POSITIONS OF RESPONSIBILITY

Vice President, Mathematics Colloquium (July 2009 - April 2013)

Department of Mathematics

Led a team of 27 students for conducting a variety of events for smooth interaction amongst

teachers and students

Was an active member in the organization of the Regional Symposium of Mathematics 2009

Web Team Member (July 2010 – January 2011)

Kshitij, the annual tech fest of IIT Kharagpur

Underwent a rigorous selection process and learnt various web designing languages such as

HTML, CSS, PHP, Javascript, jQuery, Ajax and SQL and softwares such as Adobe Dreamweaver

Worked on Kshitij 2011 website and designed Cryptex, Kshitij portal and maintained the

sponsorship page

Student Mentor (July 2012- May 2014)

Student Welfare Group (SWG), IIT Kharagpur

Selected by Dean of Student Affairs to provide guidance and counseling to 1st year students

EXTRA CIRRICULAR ACTIVITIES

Microsoft Imagine Cup (January 2011 – April 2011)

Microfinance

Secured 6th position (as a team of 3 students) in India in Microsoft Imagine Cup 2011 and was

awarded a cash prize of Rs. 40,000

Developed a web application for promoting microfinance in rural areas using technologies by

Microsoft

Terra Scientia, Russia (August 2015)

Young Economics and Finance Scholar, International Youth Forum

Selected to represent India (8/500) in a high level international youth forum to study and discuss

issues in the field of political science, economics and international relations.

Participated in networking events with top European and Russian diplomats