Inter-Dealer Broker (IDB) Trader

Inter-Dealer Broker (IDB) Trader

Dicalo Consulting Group is seeking an experienced Inter-Dealer Broker (IDB) Trader to 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 in-depth knowledge of the FMDQ Exchange ecosystem and Nigerian fixed income market.

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

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