Published: Tue, 25 Mar 2025 06:50:22 GMT
At Underdog, we are revolutionizing the sports gaming industry and we’re looking for a talented Risk Analyst I to join our team. As the fastest-growing company in the industry, we are constantly pushing the boundaries and creating innovative games and products for American sports fans. With a team that has already built four highly successful fantasy games and recently launched our own Underdog Sportsbook, we are determined to continue winning by offering the best experiences and products to our customers.
Founded in 2020, Underdog has achieved a valuation of nearly $500 million and is backed by top investors such as Mark Cuban, Kevin Durant, BlackRock, and SV Angel. As we continue to grow and expand, the potential for us to become the leading company in our space is massive. We are currently situated in the fastest-growing consumer industry in the U.S. and our growth shows no signs of slowing down.
We believe that sports are for everyone and we are dedicated to building a future for every fan. If you share our passion for sports and want to be a part of creating that future, join us.
About the Role:
As a Risk Analyst I, you will play a crucial role in monitoring, analyzing, and managing risk for our sportsbook products. With access to real-time market data, advanced analytics, and industry expertise, you will be responsible for informing line movements, managing exposure, and optimizing our pricing strategies. This role is unique as it offers the opportunity to contribute to risk management, trading strategy, and product innovation as we continue to scale. You will work closely with cross-functional teams, gaining exposure to all aspects of risk and trading operations in a fast-paced, data-driven environment.
Key Responsibilities:
– Analyze market data to identify trends and inform line movements and origination strategies
– Monitor market activity in real-time to manage exposure and mitigate risk effectively
– Support product design and development, ensuring our offerings remain competitive and innovative
– Ensure pricing accuracy and competitiveness across all sports and statistical categories
– Take on increasing responsibilities within Risk and Trading, growing into a key decision-maker on the team
Qualifications:
– Strong data analysis skills and the ability to make decisions in high-pressure situations
– BS degree in Math, Economics, or similar data-driven fields
– Experience working with real-time market data and risk models in the sports betting or financial industries
– Understanding of odds compilation, line movements, and sports trading strategies
– Highly detail-oriented, analytical, and proactive in identifying market inefficiencies
– Excellent communication and collaboration skills, able to work across teams and departments
Preferred Qualifications:
– Prior experience in sportsbook risk management or trading
– Strong knowledge of sports analytics, player statistics, and betting markets
– Familiarity with Python, SQL, or other data analysis tools to drive insights
– Passion for sports, fantasy sports, and sports betting
Compensation and Benefits:
– Competitive starting base salary ranging from $55,000 to $62,500, plus target equity
– Unlimited PTO (with the exception of the first few weeks before & into the NFL season)
– 16 weeks of fully paid parental leave
– $500 home office allowance
– A connected virtual first culture with a highly engaged distributed workforce
– 5% 401k match, FSA, company-paid health, dental, and vision plan options for employees and dependents
– #LI-REMOTE
Please note that this position may require sports betting licensure based on certain state regulations.
At Underdog, we are committed to creating an inclusive workplace and welcome applicants from all backgrounds. We do not discriminate on the basis of creed, race, sexual orientation, gender, age, disability status, or any other defining characteristic.
Join us and be a part of shaping the future of sports gaming! Apply link
