Senior Manager, Sportsbook Trading

🕒 June 19

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Penn Interactive

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201 - 500 employees

Penn Interactive (PI) is an interactive gaming company headquartered in Philadelphia with offices in Greenfield, MA, and Cherry Hill, NJ. As the digital arm of PENN Entertainment (NASDAQ: PENN), North America’s leading provider of integrated entertainment, sports content, and casino gaming experiences, we are poised for fast-paced growth in the sports betting and online casino space. We have teamed up with Barstool Sports and theScore to create a unique and exciting sports betting experience through our retail books and the Sportsbook mobile apps.

📋 Description

• Own end-to-end trading strategy, margin targets, and commercial KPIs for sports/team responsible for. • Ensure all markets are set up with the correct market limits and correctly reviewed as seasons ebb and flow. Ensure desired tournaments are covered and offers are consistently reviewed and updated. • Imagining, creating, setting up, publishing, trading, and settling specials – all with a data-driven, scientifically-backed discipline. • Monitoring market liabilities and managing customer risk profiles on all digital channels – working hand in glove with analytics teams. • Work with analytics teams to investigate market trends to obtain insight that assists in the prediction of customer betting patterns, and improve GGR and NGR. • Collaborate with executive leadership/other teams on promotions, product roadmap, and tier-1 events strategy. • Drive continuous performance improvement and product quality/depth/coverage. • Drive sports product strategy and roadmap. • Compilation and circulation of reports to inform stakeholders of business performance and forthcoming activities. • Investigate and propose ways to work more efficiently and implement new ideas. • Bring and enforce a strong understanding of adherence to your compliance responsibilities. • Enforce a high level of communication and transparency across the team while driving collaboration with both other Sportsbook teams and external teams. • Be the domain “encyclopedia” for your sports and be very knowledgeable about models driving your sports and their behavior/impact. • Set trading philosophies and strategies across the team (aggressive vs conservative pricing, automation levels, etc.) and ensure their implementation/execution. • Hold team responsible through continuous performance evaluation and regular performance reporting and ad hoc deep dives. • Ensure team has the strategies well understood, communicated and executed. • Other duties as assigned.

🎯 Requirements

• Strong analytical and problem-solving ability. • Proven experience with a minimum of 5 years in a trading environment required. • Live trading experience would be a big benefit. • Good all round sports betting knowledge and a strong interest in betting and odds required. • Data-obsessed, not just data-driven. Excellent mathematical skills. • Flexibility is a must as working hours will be dictated by business needs. Must be able to work flexible schedules including nights, weekends, and public holidays. • Able to multitask and work under pressure. • Ability to work in fast-paced environment and make decisions quickly. • Must have exceptional time management skills. • High attention to detail and precision in delivery. • Ability to learn quickly, work independently and in a team setting. • Strong initiative and outstanding work ethic. • Comfortability working PST hours.

🏖️ Benefits

• Competitive compensation package. • Comprehensive Benefits package. • Fun, relaxed work environment. • Education and conference reimbursements.