Inter- Dealer Broker (IDB) Trader at Dicalo Consulting Group

Job Summary 

• The IDB Trader will be responsible for executing and managing proprietary trading positions across the firm's inter-dealer broker books, with a focus 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
Proprietary Trading & Execution:

• Execute inter-dealer trades across FGN bonds, FGN bond futures (BF02, BF10), NAFEX/FMDQ FX futures, and fixed income derivatives on FMDQ Exchange
• Monitor real-time FMDQ Q-Nuggets data, NDF rates, settlement prices, and average daily turnover to inform position management

Market Making & IDB Facilitation:

• Provide anonymous price discovery and order matching services to bank and institutional counterparties in the inter-dealer market

Risk Management:

• Operate within approved trading limits, position limits, and stop-loss thresholds as defined in the firm's Risk Framework
• Monitor DV01, duration, basis risk, and counterparty exposure in real time.

Strategy & Reporting:

• Support the build-out of IDB trading infrastructure including Bloomberg/Reuters terminal setup, FMDQ connectivity, and back-office reconciliation

Qualifications & Experience 
Essential:

• 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 or 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 the fixed income or FX dealing room
• 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, OMO operations, and their impact on fixed income pricing.