Senior Risk Analyst

Hi, we’re Underdog!

We’re the fastest-growing sports gaming company ever.

We build innovative games and products for American sports fans.

Founded in 2020, our team built four of today’s most widely played fantasy games and recently launched our Underdog Sportsbook. We are the only sportsbook to ever launch on our own home grown technology, which allows us to build different and innovative experiences. We believe there’s so much more to be built for sports fans, and we’ll continue to win by building the best products and experiences for our customers.

The opportunity in front of us to become the biggest company in our space is massive; after all, we’re currently sitting in the fastest-growing consumer industry in the U.S. In just over two years, we reached a nearly $500 million valuation through some of the best investors in the game, including Mark Cuban, Kevin Durant, BlackRock, and SV Angel. We are many times larger now and our growth is not slowing down.

At Underdog, we believe that sports are for everyone and are building a tomorrow for every fan. Want to help create that future? Join us.

About the role and why it’s unique:

• As a Senior Risk Analyst, you’ll play a critical role in monitoring, analyzing, and managing 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.
• This role provides a unique opportunity to contribute to risk management, trading strategy, and product innovation as we continue to scale.
• 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, inform line movements, and develop 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.

Who you are:

• 5+ years of experience in risk analysis, trading, or sportsbook operations.
• Strong data analysis skills with the ability to make data-driven decisions in high-pressure situations.
• Experience working with real-time market data and risk models in the sports betting or financial industries.
• Deep 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.

Even better if you have:

• 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.

Our target starting base salary range for this position is between $90,000 and $97,500, plus target equity. The starting base salary will depend on a number of factors including the candidate’s skills and experience, among other things.

What we can offer you:

• 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

#LI-REMOTE

This position may require sports betting licensure based on certain state regulations.

Underdog is an equal opportunity employer and doesn't discriminate on the basis of creed, race, sexual orientation, gender, age, disability status, or any other defining characteristic.