Editing Actuary (section)

===Non-traditional employment===
As an outgrowth of more traditional roles, actuaries also work in the fields of risk management and [[enterprise risk management]] for both financial and non-financial corporations.{{sfn|D'Arcy|2005}} Actuaries in traditional roles study and use tools and data previously in the domain of finance.{{sfn|Feldblum|2001|p=8}} Two accords—the [[Basel II]] accord for financial institutions (2004), and the analogous [[Solvency II]] accord for insurance companies (in force since 2016)—require institutions to account for [[operational risk]] separately, in addition to [[credit risk|credit]], [[Actuarial reserves|reserve]], [[asset]], and [[insolvency]] risk. Actuarial skills are well suited to this context, because actuaries are trained in analyzing various forms of risk, and judging the potential for gain and loss associated with these forms of risk.{{sfn|D'Arcy|2005}}

<!-- First two are from Mungan, last two are from Stefan -->Actuaries also participate in [[investment]] advising and [[asset management]], and can be general business managers and [[chief financial officer]]s.{{sfn|Mungan|2002}}{{sfn|Stefan|2010}} They analyze business prospects using financial skills in valuing or discounting risky future cash flows; they also apply pricing expertise in insurance to other lines of business. For example, insurance [[securitization]] requires both actuarial and finance skills.{{sfn|Krutov|2006}} Actuaries also act as [[expert witness]]es in court trials, by using analysis to estimate the economic value of losses such as lost profits or lost wages.{{sfn|Wagner|2006}}