Inter- Dealer Broker (IDB) Trader in a Licensed Stockbroking and Dealing Firm
AI summary
The IDB Trader will execute proprietary trading positions across inter-dealer broker books, focusing on FGN bond futures arbitrage, FX basis trading, and yield curve positioning. Requires deep familiarity with FMDQ Exchange, minimum 5 years trading experience at a Nigerian financial institution, and CFA charterholder or CIBN/ICAN membership. Full-time role based in Lagos Island.
- Focus on FGN bond futures arbitrage and FX basis trading strategies.
- Minimum 5 years trading experience at a Nigerian commercial bank or primary dealer.
- Application deadline: 12th August 2026.
AI job guide
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AI salary guide
Not enough public dataNot enough public salary data is available for this exact role. Before applying, prepare to ask about gross pay, benefits, contract length, probation period, transport and any allowances.
Can you qualify for this role?
- Required5+ years of relevant experienceThe job post includes a minimum experience signal.
- RequiredEducation or certification mentioned in the postThe captured text mentions education, a diploma, certificate, or licence.
- PreferredPractical evidence in finance, Trader, Inter-Dealer BrokerThe tags and summary point to skills connected with this role.
- RequiredAvailability to work in Not specifiedThe vacancy is associated with this location.
- UnclearComfort with the Full-time contract termsConfirm hours, duration, probation and benefits at the original source.
Documents to prepare
- Likely requiredUpdated CV
- Role specificCover letter or short employer message
- OptionalProfessional references
- Role specificAcademic or professional certificates
- VerifyID or passport only after verifying the employer
Application tips for this job
- Place your strongest Inter- Dealer Broker (IDB) Trader in a Licensed Stockbroking and Dealing Firm evidence in the first half of your CV.
- In your cover letter or employer message, connect your experience to Dicalo Consulting Group and the role in Not specified.
- Add concrete examples related to finance, Trader, Inter-Dealer Broker, ideally with measurable outcomes or clear responsibilities.
- Follow the instructions from Jobzilla Nigeria; avoid sending documents to unofficial contacts or copied links.
- Confirm the deadline, interview location and employer contact before sharing personal documents.
- Prepare a polite question about pay, benefits and contract terms for later interview stages.
Source and safety check
- Jobzilla Nigeria
- Original source link available
- Application method is clear
- Deadline not specified
- No major risk signal was detected in the captured text.
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Interview preparation
- What experience makes you a strong fit for this Inter- Dealer Broker (IDB) Trader in a Licensed Stockbroking and Dealing Firm role in finance, Trader?
- How have you handled responsibilities similar to those in this job post?
- Are you available to work in Not specified under the listed contract or schedule?
- Prepare examples with clear responsibilities, tools used and measurable outcomes.
- Review the source and research Dicalo Consulting Group before the interview.
Ask what the first priorities will be in the role and how success will be measured.
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Original source description
Inter- Dealer Broker (IDB) Trader in a Licensed Stockbroking and Dealing Firm - Dicalo Consulting Group ⏲ Jul 29, 2026, 7:01 AM ⋕ View all Banking & Financial Services jobs Dicalo Consulting Group - Our client is one of Nigeria's most established and respected capital markets institutions a licensed stockbroking and dealing firm with a multi-decade track record in securities dealing, asset management, and financial advisory. They are recruiting to fill the position below: Job Title: Inter- Dealer Broker (IDB) Trader Location: Lagos Island, Lagos Employment Type: Full-time 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: Monitor real-time FMDQ Q-Nuggets data, NDF rates, settlement prices, and average daily turnover to inform position management Execute inter-dealer trades across FGN bonds, FGN bond futures (BF02, BF10), NAFEX/FMDQ FX futures, and fixed income derivatives on FMDQ Exchange Market Making & IDB Facilitation: Provide anonymous price discovery and order matching services to bank and institutional counterparties in the inter-dealer market Risk Management: Monitor DV01, duration, basis risk, and counterparty exposure in real time. Operate within approved trading limits, position limits, and stop-loss thresholds as defined in the firm's Risk Framework Strategy & Reporting: Support the build-out of IDB trading infrastructure including Bloomberg/Reuters terminal setup, FMDQ connectivity, and back-office reconciliation Qualifications & Experience: Essential: Strong understanding of FMDQ Exchange market structure, trading conventions, and settlement mechanics Understanding of CBN monetary policy transmission, OMO operations, and their impact on fixed income pricing. Familiarity with FGN bond futures (BF02/BF10) and FMDQ FX Futures pricing and basis dynamics CFA charterholder or CIBN/ICAN membership Bachelor's degree in Finance, Economics, Accounting, or a quantitative discipline Demonstrable experience: trading or pricing FGN bonds, Treasury Bills, and/or NAFEX/FMDQ FX products 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 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 SEC registration as Dealing Clerk, or eligibility to be sponsored Experience: at a CBN-licensed primary dealer (PD) bank — particularly in the fixed income or FX dealing room How to Apply Interested and qualified candidates should send their CV to: [email protected] using the Job Tittle as the subject of the mail. Application Deadline: 12th August, 2026. View all Jobs in Nigeria Lagos State and 1 other location Lagos State , Lagos Island