Registered Migration Australia

COMMODITIES TRADER

ANZSCO 222111 - Registered Migration Australia




Description
A commodities trader operates as an independent agent to bring together buyers and sellers of commodities, negotiates private sales and arranges sales through established market places. Commodities Trader in Australia is a Skill Level 2 occupation.

 

Commodities Trader Alternative Title

 

  • Commodities Broker

 

Specialisations

 

  • Energy Trader
  • Grain Buyer
  • Livestock Trader
  • Media Buyer
  • Wool Broker

 

Commodities Trader Occupation Lists
This occupation is on the following skill lists:

 

 

 

This occupation is not on the following skills list:

 

 

 

Group: 2221 Financial Brokers

 

 

Job Description - Registered Migration Australia


A commodities trader operates as an independent agent to facilitate the trading of commodities and arrange insurance and loans of money on behalf of clients.

 

Tasks

  • monitoring commodity prices, trends and other factors affecting the supply and demand for commodities
  • negotiating the purchase and sale of commodities such as grains, wool, minerals and metals
  • determining the specific financial and insurance requirements of clients, and researching and reviewing available finance and insurance products for suitability to meet clients' requirements
  • analysing clients' financial status, discussing financial options and developing financial strategies
  • recommending loan combinations that meet clients' needs
  • interviewing prospective clients to explain insurance policy conditions, risks covered, premium rates and benefits, and to make recommendations on the amount and type of cover
  • arranging insurance, home loan mortgages and other types of finance for clients through banks, lenders, financiers and insurance companies
  • preparing documents which set out the conditions of finance, repayments and loan periods
  • identifying and advising on significant risk changes to clients' insurance
  • broking complex and commercial leases, equipment finance, commercial finance, project finance and finance for property developers

 

Skill Level
Most occupations in the commodities trader unit group (Group 2221) have a level of skill commensurate with the qualifications and experience outlined below.


In Australia:
AQF Associate Degree, Advanced Diploma or Diploma (ANZSCO Skill Level 2)

 

In New Zealand:
NZ Register Diploma (ANZSCO Skill Level 2)

 

At least three years of relevant experience may substitute for the formal qualifications listed above. In some instances relevant experience and/or on-the-job training may be required in addition to the formal qualification.


Registration or licensing may be required in Australia as a commodities trader.


Occupations within the Commodities Trader Group

 

Note: Whilst a similar occupation may appear in the same commodities trader group if not specifically listed in the STSOL or MLTSSL, the ANZSCO description should be used for reference purposes only.

 

English Requirement for a Commodities Trader

 

  • IELTS result with a minimum score of 6 (L, R, W), 7 in speaking and 7 overall;
  • OET result with a minimum grade B in all sections;
  • TOEFL iBT with a minimum score (L:12 R:13 W:21 S:23 overall L93);
  • PTE Academic with a minimum score of 50 (L, R, W), 65 in speaking and 65 overall

Exceptions

  • Australian Graduate Exceptions apply in some states/territories
  • Priority Skilled Lists may apply a specific requirement in some states/territories
  • Countries exempt from submitting IELTS or OET include the UK; Canada; New Zealand; US; and Ireland

 

Where mandatory licensing or registration is required you must demonstrate a level of English either sufficient to meet licensing / registration or a minimum IELTS, or equivalent, whichever is higher.

 

 

Assessment Authority

 

  • Commodities Trader is currently assessed with VETASSESS - (Vocational Education and Training Assessment Services); more information regarding assessment bodies

 

Average Income

The average salary for a Commodities Trader in Australia is $ 92,657 for male employees and $ 64,956 for female employees per year. Average Age: Males: 39.0 Females: 45.1 Persons: 40.7

Source: www.abs.gov.au (Group 2221) Financial brokers - Employee Earnings and Hours, Australia, May 2016

 

 

Please contact us if you would like assistance with your Commodities Trader skilled visa application. Registered Migration Australia is a licensed migration company. We are proudly 100% Australian owned and operated.