Risk Analyst I

Summary

Join Underdog, the fastest-growing sports gaming company, as a Risk Analyst I. You will play a critical role in monitoring, analyzing, and managing risk across our sportsbook products. Leverage real-time market data and advanced analytics to inform line movements, manage exposure, and optimize pricing strategies. This role offers a unique opportunity to contribute to risk management, trading strategy, and product innovation. You will work closely with cross-functional teams in a fast-paced, data-driven environment. The position requires strong data analysis skills and a BS degree in a relevant field, along with experience in real-time market data and risk models. Underdog offers competitive compensation, including a target salary range, equity, and comprehensive benefits.

Requirements

• 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

Responsibilities

• Monitor, analyze, and manage risk across our sportsbook products
• Leverage real-time market data, advanced analytics, and industry expertise to inform line movements, manage exposure, and optimize our pricing strategies
• Contribute to risk management, trading strategy, and product innovation
• Work closely with cross-functional teams, gaining exposure to all aspects of risk and trading operations in a fast-paced, data-driven environment
• 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

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

Benefits

• Unlimited PTO (we're extremely flexible with the exception of the first few weeks before & into the NFL season)
• 16 weeks of fully paid parental leave
• A $500 home office allowance
• A connected virtual first culture with a highly engaged distributed workforce
• 5% 401k match, FSA, company paid health, dental, vision plan options for employees and dependents