Commodity trader
Also searched as: Operador en materias primas
Code 3324.2
What does a Commodity trader do?
Commodity traders use negotiation techniques to sell and buy physical goods and raw materials such as gold, cattle, oil, cotton and wheat on the trading floor. They receive and implement purchasing and selling instructions and negotiate the terms of sale and delivery of commodities. Commodity traders do research about market conditions of specific commodities, their price trends and demand in order to inform their employers, they make bid offers and calculate the cost of transactions.
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Essential skills
Knowledge
- commercial law
- international trade
- financial jurisdiction
- economics
- financial markets
Skills and competences
- analyse economic trends
- analyse market financial trends
- perform financial risk management in international trade
Transversal competences
- analyse financial risk
- handle financial transactions
- negotiate with stakeholders
- negotiate sale of commodities
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What to assess for this role
Technical knowledge can be verified with tests and references. What never shows up on a CV are the transversal competences, and they explain most failed hires. Before closing, it pays to measure them with a standardised battery.
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Sources
This service uses the ESCO classification of the European Commission and the Mapha Taxonomy developed by OTIC SOFOFA (CC BY 4.0), in an adapted version. Group codes come from the ILO's ISCO-08. See sources and licences