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FanDuel // one-day fantasy sports
New Jersey    Posted: Tuesday, September 10, 2019
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FanDuel Group is an innovative sports-tech entertainment company that is changing the way consumers engage with their favorite sports, teams, & leagues. The premier gaming destination in the United States, FanDuel Group consists of a portfolio of leading brands across gaming, sports betting, daily fantasy sports, advance-deposit wagering, & TV/media, including FanDuel, Betfair US, DRAFT, & TVG. FanDuel Group has a presence across 45 states & 8 million customers. The company is based in New York with offices in California, New Jersey, Florida, Oregon, & Scotland.

About the role

The Senior Commercial Trader will be responsible for continually improving FanDuels betting product; overseeing daily trading operations for several sports; analyzing price efficiency; & optimizing trading strategies. The initial focus will be on NBA, College Basketball & MLB so deep knowledge & understanding of those sports is a must. Other core tasks will be coaching less experienced Traders; commercial reporting & insights; as well as a range of ad hoc projects such as new product testing.

The role requires a strong knowledge of US sports betting particularly NBA & College Basketball - & proven commercial trading acumen in a large sports betting operator. The successful candidate will play a key role in the development of the expanding New Jersey Trading Team & be a thought leader on US sports trading within the Group globally.

If you would like to play a key role in an emerging US sports betting market opportunity then this could be the role for you.Integrity, low ego & collaboration are key values in the Risk & Trading department.The role requires work outside of normal business hours including weekends.

Essential functions

Trading Product Owner for NBA & College Basketball

  • Overseeing trading operations for defined sports to deliver a world class experience for the customer
  • Continually improving betting product to ensure a best-in-world offering for our customers
  • Collaboration with colleagues in the US & internationally to optimize operational performance
  • Odds compilation & occasional live trading during busy periods
  • Ensuring compliance with market regulations

Commercial Trading Strategies & Pricing

  • Design, implement & iterate customer centric trading strategies that deliver against KPIs
  • Continuous improvement in pricing techniques; both on your own pricing & working with modelling & development teams to optimize predictive & derivative model pricing
  • Review & optimize margin charts

Commercial Reporting, Insights & Analysis

  • Set standard for commercial reporting on NBA to be followed by other sports
  • Drawing insights from data to inform commercial business decisions

Training & Development

  • Playing a key role in improving the standard of trading skills within the team
  • Sharing commercial trading knowledge & experience
  • Defining, measuring & reporting on Trader metrics

Behavioral Competencies:

  • People & customer focused
  • Strategic mindset
  • Enjoys collaborating - to arrive at better decisions together
  • Communicates & influences effectively
  • Decisive even in the absence of complete information
  • Embraces & manages through change positively
  • Enjoys achieving through others
  • Trustworthy, just, low ego

Who we're looking for

  • 5+ years sports trading experience
  • Substantial industry knowledge
  • An in-depth knowledge of NBA, College Basketball & MLB as well as other US sports
  • Strong written & verbal communication skills
  • Self-service reporting & insights capabilities
  • Commercially savvy
  • Undergraduate degree in a related field

Preferred Qualifications

  • 7+ years sports trading experience in an online sportsbook with at least 2 years in a Senior Trader level role
  • Demonstrable experience in improving trading margins & price efficiency for a large online sportsbook in US sport/s
  • Detailed understanding of the economics of running a sportsbook
  • Proven leadership or coaching/development experience on core trading skills
  • More advanced reporting skills using SQL or similar programs

What you get in return

Beyond working with such a great team?

  • An exciting environment with real growth
  • Contribute to exciting products used by a highly passionate user base
  • Personal learning & development opportunities
  • Flexible holiday allowance
  • 401K plan with company match
  • Attractive healthcare coverage

There's more, but we don't want to go on & on.

FanDuel is an equal opportunities employer. Diversity & inclusion in FanDuel means that we respect & value everyone as individuals. We don't tolerate bias, judgment or harassment. Our focus is on developing employees so that they reach their full potential.

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