What are the responsibilities and job description for the Senior Sports Trader position at BetMGM?
About Us
We are BetMGM. We are revolutionizing sports betting and online gaming in the United States. We are a partnership between two powerhouse organizations-MGM Resorts International and Entain Group. You know our name through our exciting portfolio of brands including BetMGM Sportsbook, Borgata online, Party Casino and Party Poker. We aim to bring our ideas into action and find ways to deliver the best quality in gaming platforms.
We understand that each card in the deck plays a unique role in any given hand, just as our employees each play a unique role in accomplishing our goals as a company. We strive to create a culture of empathy where our employees feel valued, heard, and comfortable bringing their authentic selves to work. We want to build a product and a workplace that reflect the communities we serve so we approach our work fearlessly, take responsibility when we get it wrong, and ante-up again. We play to win, and we are all-in together.
We were recognized as one of Glassdoor's "Best Places to Work".
Responsibilities
- Leverage extensive betting market experience to deliver best-in-class sportsbook trading life cycle.
- Monitor and manage trade decisions in real time on designated pre and live in-play markets.
- Recognize and manage escalations of real time trading issues with fitting urgency and discretion.
- Consistently deliver accurate and justifiable risk management decisions with long run outlook.
- Communicate effectively with various Sportsbook support functions.
- Be able to apply best practice odds compilation methods, aligned to our philosophy, to discover optimal closing lines pregame and live in-play price positions on US sports and leagues.
- Primary focus on our most liquid and high demand leagues and markets
- Provide expert advice to trading leadership and team members as it pertains to odds and risk
- Offer expert judgement and experience in making and guiding high value bet acceptance decisions
- Share expertise with inexperienced traders to help them develop and create an environment where they can operate with increasing confidence to optimize BetMGM margins.
- Be responsible for Gross Gaming Revenue and Margin performance at a league & market level.
- Support acquisition and retention through collaboration with promotions, CRM, content, partners, and other stakeholders by delivering compelling special offers (e.g., Odds Boosts).
- Assist people leaders in monitoring performance of inexperience traders, helping leaders set effective performance targets and indicators.
- Correspond with compliance on new market requests and approvals
- Liaise with Trading Operations and Support to optimize offering and ensure compliant setups.
- Create unique selling points of difference and competitive advantage in our market offerings.
Essential Functions
Qualifications
Licensing Requirements
As an online gaming company, BetMGM is required to comply with state gaming regulations which includes licensing obligations. Applicable employees must be licensed by at least one jurisdictional agency, although certain positions require licensing by multiple agencies. Failure to become licensed or maintain licensure with each agency as required for the role may result in termination of employment. Please note that the licensing process includes comprehensive background checks which may include a review of criminal records, financial history, and personal background verification.
The annual salary range for this position is $78,160 to $102,585. Factors which may affect starting pay within this range may include geography / market, skills, education, experience and other qualifications of the successful candidate . This position is also eligible for participation in a performance-based bonus plan .
Gaming Compliance & Licensing Requirements
As an online gaming company, BetMGM is required to comply with state gaming regulations which includes licensing obligations. Applicable employees must be licensed by at least one jurisdictional agency, although certain positions require licensing by multiple agencies. Failure to become licensed or maintain licensure with each agency as required for the role may result in termination of employment. Please note that the licensing process includes comprehensive background checks which may include a review of criminal records, financial history, and personal background verification.
In addition, candidates must comply with and support the company's responsible gambling policies, procedures and initiatives.
About Our Culture
Building BetMGM from the ground up takes effort, energy, and teamwork, but that's what will make leading this industry all the more satisfying. We stay focused on our main goal with the help of these four company pillars :
Believe in Your Game - Take your shot! There's a freedom to explore ideas usually only start-ups are lucky enough to experience.
Backed by the Best - With our expertise-merged with that of our world-class investors-we have the opportunity to take this business, and ourselves, farther than anyone has ever imagined.
Do What's Right - We operate with clarity and simplicity, always doing the right thing by our customers and each other, standing shoulder to shoulder every day.
Hustle Hard - Our combined commitment and ambition is what drives us to create some of the most innovative products in the industry.
What We Offer
As a valued employee, we're committed to giving you the resources and support you need. We offer Medical, Dental, Vision, Life Insurance, Commuter Benefits, Paid Time Off, Holidays, Employee Resource Groups and more!
Applicable salary ranges may differ across markets. Actual pay will be determined based on experience and other job-related factors permitted by law. The position is also eligible for an annual bonus.
BetMGM LLC is an Equal Opportunity Employer. We provide equal employment opportunities to all qualified individuals, regardless of race, religion, gender, gender identity, age, marital status, national origin, sexual orientation, citizenship status, veteran status, disability, or any other legally protected status. As an organization, we are unwavering in our commitment to maintaining a discrimination-free work environment, and fostering a culture of inclusivity, belonging and equal opportunity for all employees and applicants.
We understand that each card in the deck plays a unique role in any given hand, just as our employees each play a unique role in accomplishing our company goals. So, we are committed to an inclusive culture for all and empowering our employees to thrive in meaningful careers. At BetMGM, we play to win, and we are "all in" together. If your experience looks a little different from what we've identified and you think you've got what it takes, we'd love to learn more about you.
If you need assistance or accommodation with your application due to a disability, you may contact us at recruitment@betmgm.com.
This job description is not an exclusive or exhaustive list of duties a person in this position may be asked to perform from time to time.
Salary : $78,160 - $102,585
