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ESCO occupation

energy trader

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Energy traders sell or buy shares of energy, sometimes from different sources. They analyse the energy market and investigate trends in prices to decide when to buy or sell shares and ensure the most profit. They make calculations, and write reports on energy trades procedures, and make predictions on the development of the market.

3311.3.1 ISCO 3311 ESCO source
Competences
31
Groups
4
Essential
16
Optional
15

Competences and skills

31 ESCO relations
Essential knowledge 6 competences

Occupation specific

0 competences

No competences in this bucket.

Sector-specific

1 competence
investment analysis

The methods and tools for analysis of an investment compared to its potential return. Identification and calculation of profitability ratio and financial indicators in relation to associated risks to guide decision on investment.

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Cross-sector

5 competences
economics

Economic principles and practices, financial and commodity markets, banking and the analysis of financial data.

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energy market

The trends and major driving factors in the energy trading market, energy trades methodologies and practice, and the identification of the major stakeholders in the energy sector.

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financial products

The different types of instruments that apply to the management of cash flow that are available on the market, such as shares, bonds, options or funds.

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market analysis

The field of market analysis and research and its particular research methods.

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stock market

The market in which shares of publicly held companies are issued and traded.

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Essential skills and competences 10 competences

Occupation specific

0 competences

No competences in this bucket.

Sector-specific

1 competence
forecast energy prices

Analyse the energy market and external factors which may influence trends in the energy market in order to predict the movement of prices for energy and utility consumption.

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Cross-sector

9 competences
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.

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create a financial plan

Develop a financial plan according to financial and client regulations, including an investor profile, financial advice, and negotiation and transaction plans.

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handle financial transactions

Administer currencies, financial exchange activities, deposits as well as company and voucher payments. Prepare and manage guest accounts and take payments by cash, credit card and debit card.

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maintain financial records

Keep track of and finalise all formal documents representing the financial transactions of a business or project.

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manage financial risk

Predict and manage financial risks, and identify procedures to avoid or minimise their impact.

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monitor stock market

Observe and analyse the stock market and its trends on a daily basis to gather up-to-date information in order to develop investment strategies.

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obtain financial information

Gather information on securities, market conditions, governmental regulations and the financial situation, goals and needs of clients or companies.

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operate financial instruments

Work with financial instruments such as stocks, bonds, mutual funds and derivatives.

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trade securities

Buy or sell tradable financial products such as equity and debt securities on your own account or on behalf of a private customer, corporate customer or credit institution.

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Optional knowledge 7 competences

Occupation specific

0 competences

No competences in this bucket.

Sector-specific

1 competence
gas market

The trends and major driving factors in the gas trading market, gas trades methodologies and practice, and the identification of the major stakeholders in the gas sector.

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Cross-sector

6 competences
electricity market

The trends and major driving factors in the electricity trading market, electricity trades methodologies and practice, and the identification of the major stakeholders in the electricity sector.

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energy conservation

The practice of reducing energy consumption and using fewer energy services. As a sustainable process, energy conservation is done by replacing used energy with alternative sources, using more efficient energy products, or refraining from particular energy products or services to conserve it.

green
Scope note
Excludes energy efficiency
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financial jurisdiction

Financial rules and procedures applicable to a certain location, whose regulatory bodies decide on its jurisdiction

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mathematics

Mathematics is the study of topics such as quantity, structure, space, and change. It involves the identification of patterns and formulating new conjectures based on them. Mathematicians strive to prove the truth or falsity of these conjectures. There are many fields of mathematics, some of which are widely used for practical applications.

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modern portfolio theory

The theory of finance that attempts to either maximise the profit of an investment equivalent to the risk taken or to reduce the risk for the expected profit of an investment by judiciously choosing the right combination of financial products.

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state estimation

The process of fusing input data measurements and a mathematical model to determine the internal state of an energy system

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Optional skills and competences 8 competences

Occupation specific

0 competences

No competences in this bucket.

Sector-specific

1 competence
review meteorological forecast data

Revise estimated meteorological parameters. Solve gaps between real-time conditions and estimated conditions.

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Cross-sector

7 competences
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.

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communicate with customers

Respond to and communicate with customers in the most efficient and appropriate manner to enable them to access the desired products or services, or any other help they may require.

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execute analytical mathematical calculations

Apply mathematical methods and make use of calculation technologies in order to perform analyses and devise solutions to specific problems.

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handle financial disputes

Handle disputes between individuals or organisations, either public or corporate, which deal with financial matters, accounts, and taxation.

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provide cost benefit analysis reports

Prepare, compile and communicate reports with broken down cost analysis on the proposal and budget plans of the company. Analyse the financial or social costs and benefits of a project or investment in advance over a given period of time.

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provide support in financial calculation

Provide colleagues, clients or other parties with financial support for complex files or calculations.

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review investment portfolios

Meet with clients to review or update an investment portfolio and provide financial advice on investments.

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