Manager, Sportsbook Trading

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".

Location : Must be based in Las Vegas, Nevada - Hybrid

About the Role

As the Manager, Sportsbook Trading you organize, plan and trade events across the US Sports Desk, managing prices, managing schedules and giving Trader feedback in order to drive performance, with direct involvement across a number of key US Sports (Football, Basketball, Hockey and Baseball) as well as indirect involvement on all other in-play events offered on BetMGM Digital labels and in Retail properties.

The role coaches, supports and leads by example to create a high trust, cohesive culture with both process-led orientation and strong situational awareness for good judgement decisions to be made. Managers embed strong capabilities and practices by sharing knowledge and experiences with traders in sports betting theory, systems and processes.

Monitoring high volume low latency transactions and making commercial decisions regarding incoming bets within policy delegations to manage risk and market liabilities.

Managers ensure standardized procedures are understood by other traders to perform their roles and comply with regulatory and other obligations. This supports BetMGM Trading Leadership deliver on its commercial strategy for the business.

Essential Functions

Supervise a team of Sports Traders, to include but not limited to : performance management, scheduling, and assigning and reviewing the quality of work

Execution and delivery of a best-in-class digital trading life cycle.

Compile and trade odds on in play events on a variety of markets, within the Trading strategy and philosophy.

Set, monitor and adjust market limits to manage liabilities and customer experience.

Make and oversee bet intercept decisions.

Setup markets and make requests which best enable easy navigation for users on BetMGM digital channel displays

Be familiar with competitors' digital channels and market offering.

Create innovative, attractive, localized (or personalized) specials and promotional offers, (including odds boosts) to drive desirable customer behavior.

Recommend appropriate actions, including but not limited to good will gestures from time to time, as reasonable steps to address customer queries, claims and disputes.

Manage and adjust markets in response to client risk profiles. Support client analysis.

Support customer, product, content, social media, PR and marketing initiatives

Lead, manage, coach and support new and existing team members

Set quarterly team and individual performance objectives

Share knowledge and align with Senior Manager expectations to support in developing team and individual capabilities

Conduct regular one-on-one performance feedback conversations

Learn new tools

Support daily review and approval of wagers, escalate for consultation as appropriate.

Contribute to House Rules improvements.

Collaborate with key stakeholders

Regular daily communication with other Trading teams for optimal execution

Correspond with compliance on new market requests and approvals

Trading Operations and Support to optimize potential offering and ensure compliant configurations.

Communication with Retail Sportsbook Supervisors for optimal offerings available to their clientele

Other value adding activities to create competitive advantages as reasonably agreed from time to time.

Qualifications

Minimum 5+ years experience in the industry, along with some management experience

High level of interest and knowledge in the major US Sports

Highly numerate and able to perform in a fast-paced environment, remaining focused and able to deliver high quality work when under pressure.

Strong communication skills

Reliable and willing to be flexible with working hours, including evenings and weekends, dependent on business needs

Self-motivated to meet deadlines when working on on-going projects

Positive attitude and willing to support where needed.

Ability to obtain necessary state licenses

The annual salary range for this position is $100000 to $ 115000 . 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.

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