Inter-Dealer Broker (IDB) Trader

🚨HIRING

Dicalo Consulting Group

Job Title: Inter-Dealer Broker (IDB) Trader
Location: Lagos Island, Lagos
Job Type: Full-time
Work Mode: Onsite
Experience: Minimum 5 years

About the Role

Dicalo Consulting Group's client, one of Nigeria's most established capital markets institutions, is seeking an IDB Trader to execute and manage proprietary trading positions across the firm's inter-dealer broker books, focusing on FGN bond futures arbitrage, FX basis trading, yield curve positioning, and FX carry strategies. The role requires deep familiarity with the FMDQ Exchange ecosystem, Nigerian fixed income market microstructure, and derivative instrument pricing.

Key Responsibilities

• Execute inter-dealer trades across FGN bonds, FGN bond futures (BF02, BF10), NAFEX/FMDQ FX futures, and fixed income derivatives
• Monitor real-time FMDQ Q-Nuggets data, NDF rates, settlement prices, and turnover to inform position management
• Provide anonymous price discovery and order matching for bank and institutional counterparties
• Operate within approved trading, position, and stop-loss limits per the firm's Risk Framework
• Monitor DV01, duration, basis risk, and counterparty exposure in real time
• Support build-out of IDB trading infrastructure, including Bloomberg/Reuters setup, FMDQ connectivity, and back-office reconciliation

Requirements

• Bachelor's Degree in Finance, Economics, Accounting, or a quantitative discipline
• Minimum 5 years' trading experience at a Nigerian commercial bank, primary dealer, stockbroking firm, or financial institution, with direct exposure to FGN bond secondary market or FX trading
• Demonstrable experience trading/pricing FGN bonds, Treasury Bills, and/or NAFEX/FMDQ FX products
• Strong understanding of FMDQ Exchange market structure, trading conventions, and settlement mechanics
• Familiarity with FGN bond futures (BF02/BF10) and FMDQ FX Futures pricing and basis dynamics
• SEC registration as Dealing Clerk, or eligibility to be sponsored
• CFA charterholder or CIBN/ICAN membership
• Experience at a CBN-licensed primary dealer (PD) bank, particularly in fixed income or FX dealing
• Hands-on experience with Bloomberg Terminal, Reuters Eikon, or FMDQ trading platforms
• Prior exposure to yield curve analysis, bond futures basis trading, or NDF/FX basis strategies
• Understanding of CBN monetary policy transmission and OMO operations

Application Closing Date

31st August, 2026

How to Apply

Send your CV to cynthiaasogwa@dicaloo.com using the Job Title as the subject of the email.