Full-Time

Risk Analyst I

Posted on 3/20/2025

Underdog Fantasy

Underdog Fantasy

501-1,000 employees

Fantasy sports gaming platform for team building

Compensation Overview

$55k - $62.5k/yr

+ Equity

Entry, Junior

Remote in USA

Candidates must be based in the United States due to potential state regulations for sports betting licensure.

Category
Risk Management
Finance & Banking
Required Skills
Risk Management
Product Design
Data Analysis
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 sportsbook products.
  • Leverage real-time market data, advanced analytics, and industry expertise to inform line movements, manage exposure, and optimize pricing strategies.
  • Contribute to risk management, trading strategy, and product innovation as the company scales.
  • Work closely with cross-functional teams, gaining exposure to all aspects of risk and trading operations.
  • 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 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.
Desired 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.

Underdog Fantasy is a fantasy sports gaming platform where users can create their own fantasy sports teams and compete against others. The platform allows players to customize their teams and strategies, offering a more personalized experience compared to traditional fantasy sports. Users can earn rewards based on their performance, which adds an extra incentive to compete. What sets Underdog Fantasy apart from its competitors is its focus on user customization and engagement, making the gaming experience more enjoyable and interactive.

Company Size

501-1,000

Company Stage

Series C

Total Funding

$115M

Headquarters

New York City, New York

Founded

2020

Simplify Jobs

Simplify's Take

What believers are saying

  • Series C funding round raised $100 million, valuing Underdog at $1.23 billion.
  • Partnership with Juice Media aims to accelerate brand growth and customer acquisition.
  • Growing interest in micro-betting and esports presents expansion opportunities for Underdog.

What critics are saying

  • Increased competition from new entrants like Sleeper could impact market share.
  • Legal challenges regarding fantasy sports classification as gambling may affect operations.
  • User data privacy concerns could lead to stricter regulations impacting Underdog.

What makes Underdog Fantasy unique

  • Underdog Fantasy offers a unique twist on traditional fantasy sports with customizable teams.
  • The platform allows users to earn rewards, enhancing engagement and competition.
  • Partnerships with major sports leagues increase brand visibility and user trust.

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Benefits

Unlimited Paid Time Off

401(k) Company Match

Home Office Stipend

Health Insurance

Dental Insurance

Vision Insurance

Parental Leave

Growth & Insights and Company News

Headcount

6 month growth

3%

1 year growth

0%

2 year growth

13%
UFL News Hub
Apr 9th, 2025
PR: UFL Names Underdog As League's Official Daily Fantasy Partner

During the UFL Fan Fest, Underdog will also have the opportunity to offer seat upgrades for same day attendees of the event.

Business Wire
Mar 27th, 2025
Spark Capital Leads Underdog Series C, Pushing Valuation Over $1.2 Billion

In a landmark moment for the online sports gaming industry, Spark Capital is leading Underdog’s Series C funding round, with a $70 million first close on a r...

Gambling Insider
Mar 27th, 2025
Underdog raises $70m in Series C funding led by Spark Capital

Underdog, a US-based sports gaming company, has completed the first close of its Series C funding round, raising $70m in an investment led by Spark Capital.

Gaming Compliance News
Mar 26th, 2025
Underdog Fantasy Valued At Over $1B In Funding Round

Underdog Fantasy announced a $100 million Series C funding round on Wednesday that values the company at $1.23 billion.

The Business Times
Mar 26th, 2025
Spark Capital Leads Underdog Series C, Pushing Valuation Over $1.2 Billion

In a landmark moment for the online sports gaming industry, Spark Capital is leading Underdog's Series C funding round, with a $70 million first close on a round expected to exceed $100 million.

INACTIVE