Profession commodity broker
Commodity brokers buy and sell commodity contracts, and deal on the foreign exchange, on spot, or on futures markets, on behalf of their own company or for customers on a commission basis. They recommend transactions to clients or senior management.
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Personality Type
- Enterprising / Conventional
- Conventional / Enterprising
Related professions banking
- Account manager
- Account manager for other clients
- Account manager for private clients
- Account manager for wholesale clients
- Bank clerk (back-office)
- Bank teller (front-office)
- Credit analyst
- Credit authorizer
- Financial services manager
- First line supervisor back-office clerks
- First line supervisor front-office tellers
- Key account manager
- National account manager
- Regional account manager
- Strategic account managaer
Knowledge
- Economics
Economic principles and practices, financial and commodity markets, banking and the analysis of financial data.
- International trade
The economic practise and study field that address the exchange of goods and services across geographic borders. The general theories and schools of thought around the implications of international trade in terms of exports, imports, competitivity, GDP, and role of multinational companies.
- Financial markets
The financial infrastructure which permits trading securities offered by companies and individuals govern by regulatory financial frameworks.
- Commercial law
The legal regulations that govern a specific commercial activity.
Skills
- Analyse energy market trends
Analyse data influencing the movement of the energy market, and liaise with the important stakeholders in the energy field in order to make accurate predictions and perform the most beneficial actions.
- Negotiate sale of commodities
Discuss client's requirements for buying and selling commodities and negotiate their sale and purchase in order to obtain the most beneficial agreement.
- Advise on financial matters
Consult, advise, and propose solutions with regards to financial management such as acquiring new assets, incurring in investments, and tax efficiency methods.
- Analyse economic trends
Analyse developments in national or international trade, business relations, banking, and developments in public finance and how these factors interact with one another in a given economic context.
- Analyse market financial trends
Monitor and forecast the tendencies of a financial market to move in a particular direction over time.
- Apply technical communication skills
Explain technical details to non-technical customers, stakeholders, or any other interested parties in a clear and concise manner.
- Analyse financial risk
Identify and analyse risks that could impact an organisation or individual financially, such as credit and market risks, and propose solutions to cover against those risks.
- Review investment portfolios
Meet with clients to review or update an investment portfolio and provide financial advice on investments.
- Negotiate with stakeholders
Negotiate compromises with stakeholders and strive to reach the most beneficial agreements for the company. May involve building relationships with suppliers and customers, as well as ensuring products are profitable.
- Perform financial risk management in international trade
Evaluate and manage the possibility of financial loss and non-payment following international transactions, in the context of foreign exchange market; apply instruments like letters of credit.
Optional knowledge and skills
operate financial instruments forecast economic trends banking activities actuarial science protect client interests trace financial transactions statistics handle financial transactions negotiate price financial products financial forecasting negotiate buying conditions provide financial product information communicate with banking professionals negotiate sales contracts build business relationships financial jurisdiction maintain records of financial transactions modern portfolio theory international commercial transactions rulesCommon job titles
- Series 3 futures trading broker
- Commodity futures branch manager
- Inside sales
- Freight broker(entry-level or experienced)
- Customer service specialist
- Operations associate
- Mgr regional chain account
- Commodity broker
- Trade support specialist
- Proprietary trader