Perform financial risk management in international trade

Description

Evaluate and manage the possibility of financial loss and non-payment following international transactions, in the context of foreign exchange market; apply instruments like letters of credit.

Alternative labels

perform financial risk management in international trading
performing financial risk management in international trading
complete financial risk management in international trade
implement financial risk management in international trade
undertake financial risk management in international trade
performing financial risk management in international trade

Skill type

skill/competence

Skill reusability level

cross-sector

Relationships with occupations

Essential skill

Perform financial risk management in international trade is an essential skill of the following occupations:

Import export manager in meat and meat products: Import export managers in meat and meat products install and maintain procedures for cross-border business, coordinating internal and external parties.
Electronic and telecommunications equipment and parts distribution manager: Electronic and telecommunications equipment and parts distribution managers plan the distribution of electronic and telecommunications equipment and parts to various points of sales.
Foreign exchange trader: Foreign exchange traders buy and sell foreign currencies in order to secure a profit on fluctuations in foreign exchange rates. They undertake technical analysis of economic information (market liquidity and volatility ) to predict the future rates of currencies on the foreign exchange market. They trade on their own name or for their employers.
Import export manager in agricultural machinery and equipment: Import export managers in agricultural machinery and equipment install and maintain procedures for cross-border business, coordinating internal and external parties.
Import export manager in machinery, industrial equipment, ships and aircraft: Import export managers in machinery, industrial equipment, ships and aircraft install and maintain procedures for cross-border business, coordinating internal and external parties.
Textile industry machinery distribution manager: Textile industry machinery distribution managers plan the distribution of textile industry machinery to various points of sales.
Import export manager in hardware, plumbing and heating equipment and supplies: Import export managers in hardware, plumbing and heating equipment and supplies install and maintain procedures for cross-border business, coordinating internal and external parties.
Import export manager in flowers and plants: Import export managers in flowers and plants install and maintain procedures for cross-border business, coordinating internal and external parties.
Flowers and plants distribution manager: Flowers and plants distribution managers plan the distribution of flowers and plants to various points of sales.
Computers, computer peripheral equipment and software distribution manager: Computers, computer peripheral equipment and software distribution managers plan the distribution of computers, computer peripheral equipment and software to various points of sales.
Pharmaceutical goods distribution manager: Pharmaceutical goods distribution managers plan the distribution of pharmaceutical gooods to various points of sales.
Live animals distribution manager: Live animals distribution managers plan the distribution of live animals to various points of sales.
Fish, crustaceans and molluscs distribution manager: Fish, crustaceans and molluscs distribution managers plan the distribution of fish, crustaceans and molluscs to various points of sales.
Commodity broker:
Commodity brokers act as intermediary between buyers and sellers of movable and immovable property such as raw materials, livestock or real estate. They negotiate prices and receive a commission from the transactions. They research market conditions for specific commodities in order to inform their clients. They make bid offers and calculate the cost of transactions.
China and glassware distribution manager: China and glassware distribution managers plan the distribution of china and glassware to various points of sales.
Import export manager in perfume and cosmetics: Import export managers in perfume and cosmetics install and maintain procedures for cross-border business, coordinating internal and external parties.
Import export manager in coffee, tea, cocoa and spices: Import export managers in coffee, tea, cocoa and spices install and maintain procedures for cross-border business, coordinating internal and external parties.
Agricultural raw materials, seeds and animal feeds distribution manager: Agricultural raw materials, seeds and animal feeds distribution managers plan the distribution of agricultural raw materials, seeds and animal feeds to various points of sales.
Wood and construction materials distribution manager: Wood and construction materials distribution managers plan the distribution of wood and construction materials to various points of sales.
Import export manager in office furniture: Import export managers in office furniture install and maintain procedures for cross-border business, coordinating internal and external parties.
Metals and metal ores distribution manager: Metals and metal ores distribution managers plan the distribution of metals and metal ores to various points of sales.
Textiles, textile semi-finished and raw materials distribution manager: Textiles, textile semi-finished and raw materials distribution managers plan the distribution of goods to various points of sales.
Import export manager in wood and construction materials: Import export managers in wood and construction materials install and maintain procedures for cross-border business, coordinating internal and external parties.
Import export manager in metals and metal ores: Import export managers in metals and metal ores install and maintain procedures for cross-border business, coordinating internal and external parties.
Tobacco products distribution manager: Tobacco products distribution managers plan the distribution of tobacco products to various points of sales.
Clothing and footwear distribution manager: Clothing and footwear distribution managers plan the distribution of clothing and footwear to various points of sales.
Distribution manager: Distribution managers plan the distribution of goods to various points of sales.
Import export manager in watches and jewellery: Import export managers in watches and jewellery install and maintain procedures for cross-border business, coordinating internal and external parties.
Import export manager in dairy products and edible oils: Import export managers in dairy products and edible oils install and maintain procedures for cross-border business, coordinating internal and external parties.
Watches and jewellery distribution manager: Watches and jewellery distribution managers plan the distribution of watches and jewellery to various points of sales.Watches and jewellery distribution managers plan the distribution of watches and jewellery to various points of sales.
Import export manager in textiles and textile semi-finished and raw materials: Import export managers in textiles and textile semi-finished and raw materials install and maintain procedures for cross-border business, coordinating internal and external parties.
Fruit and vegetables distribution manager: Fruit and vegetables distribution managers plan the distribution of fruit and vegetables to various points of sales.
Import export manager in computers, computer peripheral equipment and software: Import export managers in computers, computer peripheral equipment and software install and maintain procedures for cross-border business, coordinating internal and external parties.
Hides, skins and leather products distribution manager: Hides, skins and leather products distribution managers plan the distribution of hides, skins and leather products to various points of sales.
Import export manager in mining, construction and civil engineering machinery: Import export managers in mining, construction and civil engineering machinery install and maintain procedures for cross-border business, coordinating internal and external parties.
Chemical products distribution manager: Chemical products distribution managers plan the distribution of chemical products to various points of sales.
Import export manager in electronic and telecommunications equipment and parts: Import export managers in electronic and telecommunications equipment and parts install and maintain procedures for cross-border business, coordinating internal and external parties.
Import export manager in office machinery and equipment: Import export managers in office machinery and equipment install and maintain procedures for cross-border business, coordinating internal and external parties.
Import export manager in china and other glassware: Import export managers in china and other glassware install and maintain procedures for cross-border business, coordinating internal and external parties.
Machinery, industrial equipment, ships and aircraft distribution manager: Machinery, industrial equipment, ships and aircraft distribution managers plan the distribution of machinery, industrial equipment, ships and aircraft to various points of sales.
Import export manager in textile industry machinery: Import export managers in textile industry machinery install and maintain procedures for cross-border business, coordinating internal and external parties.
Import export manager in beverages: Import export managers in beverages install and maintain procedures for cross-border business, coordinating internal and external parties.
Waste and scrap distribution manager: Waste and scrap distribution managers plan the distribution of goods to various points of sales.
Household goods distribution manager: Household goods distribution managers plan the distribution of household goods to various points of sales.
Import export manager in furniture, carpets and lighting equipment: Import export managers in furniture, carpets and lighting equipment install and maintain procedures for cross-border business, coordinating internal and external parties.
Mining, construction and civil engineering machinery distribution manager: Mining, construction and civil engineering machinery distribution managers plan the distribution of mining, construction and civil engineering machinery to various points of sales.
Import export manager in sugar, chocolate and sugar confectionery: Import export managers in sugar, chocolate and sugar confectionery install and maintain procedures for cross-border business, coordinating internal and external parties.
Import export manager in household goods: Import export managers in household goods install and maintain procedures for cross-border business, coordinating internal and external parties.
Import export manager in fish, crustaceans and molluscs: Import export managers in fish, crustaceans and molluscs install and maintain procedures for cross-border business, coordinating internal and external parties.
Import export manager in live animals: Import export managers in live animals install and maintain procedures for cross-border business, coordinating internal and external parties.
Perfume and cosmetics distribution manager: Perfume and cosmetics distribution managers plan the distribution of perfume and cosmetics to various points of sales.
Import export manager: Import export managers install and maintain procedures for cross-border business, coordinating internal and external parties.
Import export manager in machine tools: Import export managers in machine tools install and maintain procedures for cross-border business, coordinating internal and external parties.
Furniture, carpets and lighting equipment distribution manager: Furniture, carpets and lighting equiment distribution managers plan the distribution of furniture, carpets and lighting equiment to various points of sales.
Dairy products and edible oils distribution manager: Dairy products and edible oils distribution managers plan the distribution of dairy products and edible oils to various points of sales.
Import export manager in tobacco products: Import export managers in tobacco products install and maintain procedures for cross-border business, coordinating internal and external parties.
Import export manager in waste and scrap: Import export managers in waste and scrap install and maintain procedures for cross-border business, coordinating internal and external parties.
Import export manager in clothing and footwear: Import export managers in clothing and footwear install and maintain procedures for cross-border business, coordinating internal and external parties.
Hardware, plumbing and heating equipment and supplies distribution manager: Hardware, plumbing and heating equipment and supplies distribution managers plan the distribution of hardware, plumbing and heating equipment and supplies to various points of sales.
Import export manager in hides, skins and leather products: Import export managers in hides, skins and leather products install and maintain procedures for cross-border business, coordinating internal and external parties.
Import export manager in pharmaceutical goods: Import export managers in pharmaceutical goods install and maintain procedures for cross-border business, coordinating internal and external parties.
Import export manager in fruit and vegetables: Import export managers in fruit and vegetables install and maintain procedures for cross-border business, coordinating internal and external parties.
Import export manager in agricultural raw materials, seeds and animal feeds: Import export managers in agricultural raw materials, seeds and animal feeds install and maintain procedures for cross-border business, coordinating internal and external parties.
Electrical household appliances distribution manager: Electrical household appliances distribution managers plan the distribution of electrical household appliances to various points of sales.
Beverages distribution manager: Beverages distribution managers plan the distribution of beverages to various points of sales.
Agricultural machinery and equipment distribution manager: Agricultural machinery and equipment distribution managers plan the distribution of agricultural machinery and equipment to various points of sales.
Commodity trader: 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.
Sugar, chocolate and sugar confectionery distribution manager: Sugar, chocolate and sugar confectionery distribution managers plan the distribution of sugar, chocolate and sugar confectionery to various points of sales.
Import export manager in electrical household appliances: Import export managers in electrical household appliances install and maintain procedures for cross-border business, coordinating internal and external parties.
Meat and meat products distribution manager: Meat and meat products distribution managers plan the distribution of meat and meat products to various points of sales.
Coffee, tea, cocoa and spices distribution manager: Coffee, tea, cocoa and spices distribution managers plan the distribution of coffee, tea, cocoa and spices to various points of sales.
Foreign exchange broker: Foreign exchange brokers buy and sell foreign currencies on behalf of their clients in order to secure a profit on fluctuations in foreign exchange rates. They undertake technical analysis of economic information such as market liquidity and volatility, to predict the future rates of currencies on the foreign exchange market.
Futures trader: Futures traders undertake daily trading activities in the futures trading market by buying and selling futures contracts. They speculate on the futures contracts’ direction, trying to make a profit by buying futures contracts they foresee to rise in price and sell contracts they foresee to fall in price.
Import export manager in chemical products: Import export managers in chemical products install and maintain procedures for cross-border business, coordinating internal and external parties.

Optional skill

Perform financial risk management in international trade is optional for these occupations. This means knowing this skill may be an asset for career advancement if you are in one of these occupations.

 


 

References

  1. Perform financial risk management in international trade – ESCO

 

Last updated on September 20, 2022