Commodities Trader ANZSCO Code 222111
A commodities trader is a person who buys and sells products or commodities, such as minerals, agricultural goods, or any other raw materials. The primary functions of commodity traders include market analysis, risk management, compliance, regulations, and deal making.
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Occupation Descriptions
A commodities trader is an individual who generally operate in commodity markets in mainly two ways:
- Physical Trade: It is the actual buying and selling of physical goods. Traders negotiate agreements to purchase items from farmers (e.g., farmers, producers, and mining companies) and then sell the commodities to consumers (e.g., food manufacturers and refineries). They oversee logistics, including storage and transportation, to ensure the commodities reach their destination.
- Future and Option Trade: These are trading contracts that agree to purchase or sell a product at a later date and an agreed price. Options and futures are financial instruments that can protect against price fluctuations and predict future price changes without handling physical commodities.
Occupations Considered Suitable Under the ANZSCO Code 222111:
- Commodities Broker
- Energy Trader
- Grain Buyer
- Livestock Trader
- Wool Buyer
- Media Buyer
Occupations Not Considered Suitable Under the ANZSCO Code 222111:
- Stockbroking Dealer
- Insurance Broker
- Financial Brokers
- Financial Market Dealer
- Advertising Specialist
- Financial Investment Managers and Advisers
These occupations are categorized differently in the ANZSCO or do not meet the required skill levels.
Group Allocation
![Group C](https://cdrwriters.org/wp-content/uploads/2024/05/Group-C-1024x805.png)
Vetassess classifies Commodities Trader under the Group C Occupation
This job requires a qualification that is equivalent to the educational level of an Australian Qualification Framework (AQF) Diploma or higher.
Applicants can meet the assessment criteria for this occupation in various ways:
Other qualifications that are relevant to the subject are those that are equivalent to the following levels:
- AQF Diploma
- AQF Advanced Diploma
- AQF Associate Degree
- or AQF Graduate
Relevant and stable work hours (20 to more than 20 hours a week)
1-3 years of minimum work experience specifically relevant to the profession that was completed at a suitable level within five years of the date of application for a Skills Assessment.
4 years of relevant work required. At least three years of relevant work experience (outside the prior five years) and at least one year of relevant work in the five years before applying.
If the date of employment is before the attainment of the required qualifications, the applicant must hold at least one year of employment with a similar standard in the last five years.
Three years remaining on the pre-qualifying time frame could be within the ten years before the date of the application.
It’s crucial to keep in mind that a positive evaluation of both the qualifications level and the duration of employment are the most important factors for a favorable Skills Assessment outcome.
Qualification and Employment Criteria
Qualification
AQF Diploma certificate or higher studies.
It covers qualifications evaluated at AQF Advanced Diploma, Associate Degree, Bachelor’s, Master’s, and Doctoral Degree
Largely Relevant Major Fields of Study Are:
- Accounting
- Econometrics
- Economics
- Finance
- General Commerce
- Management
- Business
Employment
Largely related tasks include, but are not limited to:
- Monitoring commodity prices, trends, and things influencing the supply and demand for goods.
- Negotiating the buying and selling of goods such as wool, minerals, grain, and metals.
Other tasks may include:
- Checking the conditions of goods
- Establishing and maintaining relationships with stakeholders and other suppliers.
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Employment Information
Commodities Traders purchase and sell commodities via markets like exchanges and trading companies. They build a deep knowledge of the market demand, the characteristics of commodities they trade, and the products they sell. The commodities traded include gold, oil, wheat, copper, sugar and cocoa. Commodities are exchanged directly in physical form or as financial derivatives.
Supporting Materials for Assessment
If you’re applying for a Skills Assessment, please provide sufficient evidence to support your identity proof or qualification and your employment claims. The complete list of required documents is available on the VETASSESS website under Eligibility Criteria.
Even though the VETASSESS Skills Assessment for purposes of migration is different from an exam for registration or licensing reasons, you are urged to submit copies of any relevant licenses (including from outside) when you hold.
It is also suggested that you show proof of membership in or affiliation with professional or trade associations along with copies of awards or certificates of recognition.
You should also include specifics of any relevant professional development or training courses you have taken. These can be included in the Curriculum Vitae/Resume you submit.
1. Find
Find the VETASSESS occupation that best matches your abilities and experience.
2. Match
Match your skills and experience to your chosen occupation.
3. Prepare
Get ready to apply by preparing all the information and documents you need.
4. Apply
Apply online when you’re ready. If you’re still unsure, skills assessment support is available when you need it.