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Senior Trader

Underdog Fantasy

Underdog Fantasy

This job is no longer accepting applications

See open jobs at Underdog Fantasy.
Sales & Business Development
Remote · United States
Posted on Wednesday, January 17, 2024

Hi, we’re Underdog!

We’re the fastest-growing sports gaming company ever.

Our mission is to build innovative games and products for American sports fans.

Founded in 2020, our team built three of today's most widely played fantasy games and successfully launched the largest contest in the history of fantasy sports: a $15M NFL Best Ball tournament -- and there’s a lot more to come! Underdog’s modern tech environment and in-house product development allow us to continuously deliver the best experiences for our users.

The opportunity in front of us to become the biggest company in our space is massive; after all, we’re currently sitting in the fastest-growing consumer industry in the U.S. In just over two years, we reached a nearly $500 million valuation through some of the best investors in the game, including Mark Cuban, Kevin Durant, BlackRock, and SV Angel. We are many times larger now and our growth is not slowing down.

At Underdog, we believe that sports are for everyone and are building a tomorrow for every fan. Want to help create that future? Join us.

Please note, Underdog is a US based company and no sponsorship is available for this position at this time.

About the role and why it’s unique:

  • Lead in setting and adjusting advanced betting odds based on industry trends, market analysis, and team decisions
  • Oversee risk management protocols and make real-time decisions independently to protect Underdog's financial interests
  • Conduct advanced market analysis, staying ahead of industry trends and competitor movements
  • Collaborate with fellow traders and other departments, offering strategic insights and aligning trading strategies with broader business goals
  • Expertly profile sportsbook users and set optimal betting limits independently to manage liability effectively
  • Spearhead innovative approaches, tools, and technologies to improve trading procedures and strategies
  • Ensure strict adherence to gambling regulations and compliance standards
  • Independently ensure effective communication within the team, providing insightful reports to key stakeholders on trading performance

Who you are:

  • Demonstrated ability to pay attention to details in risk management and trading operations
  • Willingness and ability to work around the sporting calendar, including occasional weekends, nights, and holidays
  • Experience in managing risk in real-time by monitoring the bet ticker and implementing appropriate actions (suspensions, price adjustments, etc)
  • Ability to set betting limits to manage liability and identify potential fraudulent behavior
  • Knowledge of relevant industry regulations and compliance is required
  • Comfortable with manual pricing, creating/managing futures, and working with third-party feeds

Even better if you have:

  • Proven experience (3+ years) working effectively in a high-speed sports betting environment

Our targeted compensation rate for this position is between $70,000 and $90,000, depending on experience, plus equity. Think your skills are exceptional and warrant higher pay? Apply anyway! If we agree, we're willing to negotiate.

What we can offer you:

  • Unlimited PTO (we're extremely flexible with the exception of the first few weeks before & into the NFL season)
  • 16 weeks of fully paid parental leave
  • Monthly raffle to win a sports ticket reimbursement of up to $500 (including game day snacks)
  • A $500 home office allowance
  • Underdog credits to play on our platform
  • A connected virtual first culture with a highly engaged distributed workforce
  • 5% 401k match, FSA, company paid health, dental, vision plan options for employees and dependents

Underdog Sports is firmly committed to equity, inclusion, and diversity. We built our unique culture on the foundation of a safe and inclusive environment for people of all backgrounds. We highly value our employees' mental, physical, and emotional health and continuously ask ourselves: what can we do better? Underdog is an equal opportunity employer and doesn't discriminate on the basis of creed, race, sexual orientation, gender, age, disability status, or any other defining characteristic.


This job is no longer accepting applications

See open jobs at Underdog Fantasy.