Derivatives/Middle Office Analyst

About the Company and Role

We are looking for a Derivatives/Middle Office Analyst to join the finance team in Almaty. This role sits at the intersection of trading, risk, and operations and involves hands-on work with margin calculations, trade confirmations, daily mark-to-market revaluations, and close interaction with both counterparties and internal stakeholders. The position is well suited for someone who wants to deepen their expertise in derivatives and build a long-term career in financial markets.

Our client is a financial company operating across both exchange-traded and OTC derivative markets. The team works in a fast-paced, transaction-driven environment with a strong focus on accuracy, risk control, and transparent internal processes.

Location: Almaty, Kazakhstan. Full-time, office-based role.

We are offering:

• Competitive salary: 600,000 – 800,000 KZT net, depending on experience and qualifications;
• Full-time employment with official registration under local legislation;
• Paid vacation and sick leave;
• Professional development and long-term career growth opportunities;
• Friendly, professional team and transparent internal processes.

Interview Process:

• HR screening (30–40 minutes);
• Online interview with the Financial Director;
• On-site interview at the office with the Financial Director;
• Job offer.

What kind of qualifications we are looking for:

• Higher education in finance, economics, mathematics, or a related field;
• Basic understanding of derivatives (FX, futures, options);
• Conceptual understanding of the differences between exchange-traded and OTC instruments;
• Confident Excel skills (calculations, reporting, reconciliations);
• Working level of English (reading documentation and written communication).

Responsibilities:

• Participate in margin requirement calculations for derivative transactions: Exchange-traded instruments (futures, options) & OTC deals (FX forwards, NDFs, and similar instruments);
• Prepare and review trade confirmations;
• Perform daily mark-to-market (MTM) revaluation of open positions;
• Calculate, monitor, and control margin calls;
• Participate in P&L calculations when closing forwards and futures;
• Maintain calculations and reports in Excel;
• Interact with counterparties and internal teams.

Nice to have requirements:

• Experience in a bank, brokerage, or investment company;
• Familiarity with margin requirements (Initial Margin/Variation Margin);
• Understanding of the ISDA/CSA framework and its underlying logic.

If this sounds like the kind of environment where you do your best work, we would love to meet you.

You can apply directly through our website or message our recruiter on Telegram: @ekaterinafilimonova_hr