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Sportsbook Risk Manager

The Opportunity:

Join our dynamic team as a leader in B2B Sportsbook risk management for one of the industry giants! This exciting role offers the opportunity to hire, coach, and mentor a high-performing team, ensuring engagement and results. Manage real-time bet acceptance, oversee innovative bet monitors, and ensure data-driven decision-making. With expertise in margin analysis and risk control, you’ll implement risk matrices and develop comprehensive reporting suites. Assess partner P&L performance and work closely with cross-functional teams to prioritize trading roadmaps and feature requests.

If you’re ready to make an impact in a fast-paced environment, apply now!

Role Overview:

This role involves leading and cultivating a high-performing team through hiring, coaching, and mentoring, ensuring a highly engaged and results-oriented environment. The candidate will plan human resources, providing essential tools and processes for smooth daily operations, and collaborate with senior leaders to develop a strategic vision for a B2B Sportsbook risk management function, setting KPIs for acceptable margins.

 

Key responsibilities of this role include:

 

  • Lead and cultivate a team through hiring, coaching, and mentoring, ensuring a highly engaged, performance-driven, and results-oriented environment.
  • Plan human resources and provide the team with everything necessary to run daily operations smoothly including tools and processes.
  • Collaborate with senior leaders to develop a strategy for a leading B2B Sportsbook risk management function, creating a vision and setting KPIs for acceptable Sportsbook margins.
  • Instigate and manage a real-time bet acceptance process for partners and educate the team on best practices.
  • Oversee the implementation and use of real-time bet monitors to develop and convey the betting ‘story’ of individual sports players through bet noting.
  • Analyze and report on team members’ decision-making in real-time bet acceptance and player stake factoring, ensuring decisions are data-driven and correct.
  • Possess knowledge in expected margin analysis and binomial distributions to develop better margin control strategies.
  • Implement and agree on a risk matrix with partners, including limits for various sports and betting environments, ensuring real-time risk visibility, controls, and hedging options if needed, and conduct and execute hedging transactions when required.
  • Develop and maintain a reporting suite for overall and individual player Sportsbook profitability, implement and distribute statistical data analysis, evaluation, and reporting on trading P&L performance as agreed with partners.
  • Assess partner P&L/margin performance in different regions and explain variances based on trading mix and margin impact in various jurisdictions.
  • Work closely with Trading Development, Product, and Technology teams to manage and prioritize a trading roadmap/backlog aligned with the risk management strategy.
  • Raise and prioritize feature requests for risk management and margin control functionalities, and collaborate with Business Analysts on story writing.

This could be ‘you' if you can demonstrate:

  • Strong leadership skills, coaching, mentoring, and supervising a team effectively.
  • Extensive Sportsbook industry experience, understanding trading profitability issues and ranking potential risks.
  • Extensive experience working with numbers and risk management tools, analyzing and interpreting financial data.
  • Excellent communication and presentation skills, conveying complex risk management concepts to senior, less technical audiences and external partners.
  • Strong analytical mindset with a keen eye for detail, focusing on trading margins and decision-making.
  • Ability to thrive under pressure, handling volatile situations calmly and making quick, accurate decisions.
  • Skilled in negotiation and influencing people towards achieving goals.
  • Strategic-minded and forward-looking, delivering solutions that align with business objectives and risk safeguards.
  • Flexible approach to working hours, managing teams working 24/7 during peak periods.
  • Willingness to travel as needed for internal functions, partner visits, and industry events.

These skills, attributes and experience will help:

Overview

Department:
Trading Operations
Reporting to:
Senior Risk Manager
Location:
Sofia, Bulgaria
Employment type:
Full-time