Matias Leppisaari, FASF, CFA, FRM
Actuarial Advisor at Bermuda Monetary Authority- Claim this Profile
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Finnish Native or bilingual proficiency
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English Full professional proficiency
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Swedish Limited working proficiency
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Korean Elementary proficiency
Topline Score
Bio
Credentials
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Chartered Financial Analyst
CFA InstituteAug, 2016- Nov, 2024 -
FRM (Financial Risk Manager)
Global Association of Risk ProfessionalsJan, 2016- Nov, 2024 -
Qualified Actuary (FASF)
Ministry of Social Affairs and Health / Actuarial Society of FinlandSep, 2013- Nov, 2024
Experience
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Bermuda Monetary Authority
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Bermuda
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Financial Services
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100 - 200 Employee
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Actuarial Advisor
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Mar 2021 - Present
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Assistant Director, Long-Term and Financial Risk
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Dec 2018 - Feb 2021
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Market Risk Expert
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May 2017 - Dec 2018
Actuary & Market Risk Expert, Supervision - Actuarial
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Mandatum
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Finland
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Financial Services
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300 - 400 Employee
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Head of Actuarial Modeling
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Nov 2014 - Apr 2017
Responsible for actuarial models, methodologies, and assumptions. Analyzing and communicating model results to senior management. Leading a small team of actuaries and RiskAgility FM developers. Delivered on wide range of topics across the business including risk modeling, Economic Capital, valuations, M&A, Solvency II, ORSA, stress testing, and reporting. Responsible for actuarial models, methodologies, and assumptions. Analyzing and communicating model results to senior management. Leading a small team of actuaries and RiskAgility FM developers. Delivered on wide range of topics across the business including risk modeling, Economic Capital, valuations, M&A, Solvency II, ORSA, stress testing, and reporting.
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Model IT Ltd
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Finland
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Computer Software
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1 - 100 Employee
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Partner
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Apr 2013 - Oct 2014
Financial and actuarial modeling & quantitative development. Actuarial consulting and risk advisory. Both life & non-life insurance. Projects included supporting the development of Model IT’s advanced proxy solutions for economic capital calculations; developing dynamic ALM and hedging functionality; implementing ORSA model for life insurance client; creating a market-consistent Economic Scenario Generator (ESG) service, including stressed scenarios for LSMC fitting; and building a real-world ESG / RSG tool. Show less
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Kaleva Mutual Insurance Company
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Finland
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Actuary
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Sep 2012 - Apr 2013
Preparing the company for Solvency II. Working closely with, and acting as a deputy to, the chief actuary. Doing work for both Kaleva Mutual and Mandatum Life during transition period May 2012 – Sep 2012; continued to do consulting for Mandatum Life on solvency modeling between Sep 2012 – Apr 2013. (Kaleva Mutual is essentially part of Sampo Group together with Mandatum Life.) Preparing the company for Solvency II. Working closely with, and acting as a deputy to, the chief actuary. Doing work for both Kaleva Mutual and Mandatum Life during transition period May 2012 – Sep 2012; continued to do consulting for Mandatum Life on solvency modeling between Sep 2012 – Apr 2013. (Kaleva Mutual is essentially part of Sampo Group together with Mandatum Life.)
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Mandatum
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Finland
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Financial Services
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300 - 400 Employee
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Actuary
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Feb 2011 - Sep 2012
Cash-flow and business modeling. Main responsibility the development, implementation and documentation of Mandatum Life's new cash-flow model used for Solvency II and Economic Capital calculations (among others). Modeled a wide range of L&H products, both independently and in cooperation with Towers Watson consultants, and acted as the head developer and MoSes super user on Mandatum's side.Embedded Value calculations, Value of New Business, testing the impact of pricing assumptions, business planning, and other ad-hoc analyses. Show less
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Risk Controller
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Jan 2009 - Feb 2011
Market, Credit and Counterparty risk control, Risk reporting, Structured product control, Process developmentRisk control responsibilities in a Front-Middle-Back office environment with daily risk reporting. Structured product control and management of new product approval process. Quantitative development using VBA and MATLAB.
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Junior Controller
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May 2008 - Jan 2009
Process and systems development, Documentation, Risk reporting, Market risksWas involved in setting up the new Wealth Management and Investment Solutions Unit of Mandatum Life (Sampo Life) including the setting up and development of NAV calculation process, risk management and control processes, and customer reporting.
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Heidrick & Struggles
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United States
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Business Consulting and Services
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700 & Above Employee
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Research Assistant
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Dec 2006 - May 2008
Working during studies. Working during studies.
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Education
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Aalto University
Lic.Sc.(Tech.), Applied Mathematics -
Teknillinen korkeakoulu-Tekniska högskolan
M.Sc.(Tech.), Engineering Physics and Mathematics -
Teknillinen korkeakoulu-Tekniska högskolan / Helsinki University of Technology
B.Sc.(Tech.), Engineering Physics and Mathematics