Page 269 - JobsPlus - Occupational Handbook

Trade Broker
Occupation Code: 3324
Alternative titles: Commodities Broker, Shipping Broker
Work environment
Job description and duties
Trade Brokers purchase and sell physical commodities either on behalf of their company or on behalf of commercial clients. Although Trade Brokers may trade in various commodities, such as oil bunkering, construction material, pharmaceuticals and energy commodities, one commonly tends to specialise in a particular area. A Trade Broker is typically expected to:
•Discuss requirements with clients (buyers and sellers)
•Present business opportunities to potential clients
• Provide clients with market intelligence and advice
• Liaise with international suppliers
• Trade on behalf of clients
• Set up and negotiate deals including price
and specifications
• Carry out any necessary follow-up after the
contract is signed
• Negotiate on freight, shipping and
Trade Brokers typically work in a fast-paced and demanding environment. Trade Brokers may be required to meet their clients outside their offices and may also be required to travel abroad.
Trade Brokers typically work full-time. One may be required to work additional hours in order to meet deadlines.
Occupation data
Entry level education / special licences / warrants
Qualifications may vary depending on the industry one is working in.
A qualification at MQF Level 6 in areas such as Accountancy, Finance, Insurance and Risk Management may be useful to enter this occupation. Training programmes include:
• Bachelor of Commerce (Honours) (University of Malta) (MQF Level 6).
Additionally, employers may in certain cases request technical qualifications related to the area the company is operating in.
Number of employees (2017)
149
Share of foreigners (2017)
56%
Job Outlook (2018 - 2022)
+41%
Median Pay (per annum)
€21,300
storage fees
Occupational Handbook 2018
269