Manager, Trading

Discover What's Possible at BetMGM

Ready to make your career legendary? Join us as we bring the magic of Vegas to our players. The BetMGM team has over 1,400 talented members, revolutionizing sports betting and online gaming in the United States and Canada. We're a brand with technology at our hearts and the most driven and focused talent in the business.

As a valued team member, we're committed to giving you the resources and support you need to thrive. Our benefits and perks include:

• Medical, Dental, Vision, Life, and Disability Insurance
• 401(k) with company match
• Pre-tax spending accounts including health care FSA and commuter savings
• Flexible paid time off
• Professional development reimbursement and ongoing skills training opportunities
• Employee resource groups
• Swag, ticket giveaways, and more!

At BetMGM, we recognize that every individual plays a meaningful role in our success. That's why we're committed to building a respectful, inclusive workplace. It's the strategy behind every win. By meeting people where they are, we create a culture of belonging where everyone can thrive and a workplace that reflects our values, our people, and our drive to win.

The Opportunity

Responsible for organizing, planning, and trading events across all BetMGM US Sports Digital platforms and Retail wagering properties. This role involves managing pricing and schedules, as well as providing strategic feedback to traders to drive performance. The position includes direct involvement with key US sports-primarily Football, Basketball, Hockey, and Baseball-and encompasses oversight of a wide range of bet types.

Responsibilities

This role provides leadership through coaching, support, and leading by example, fostering a high-trust, cohesive culture with a strong emphasis on process adherence and situational awareness to enable sound decision-making. As a manager, you will be responsible for sharing expertise in sports betting theory, systems, and processes, thereby elevating the skills and practices of the trading team.

In addition, you will monitor high-volume, low-latency transactions and make strategic commercial decisions regarding incoming bets-within established policy guidelines-to effectively manage risk and market liabilities. You will ensure that standardized procedures are well understood and consistently followed by traders, thus ensuring compliance with regulatory and operational obligations.

Ultimately, this role is integral to delivering BetMGM Trading Leadership's commercial strategy and driving overall business performance.

Essential Functions

Team Leadership & Management

• Supervise a team of Sports Traders, including performance management, scheduling, work assignment, and quality review.
• Set quarterly team and individual performance objectives and conduct regular one-on-one performance feedback sessions.
• Mentor and support both new and existing team members, sharing knowledge and aligning with Senior Manager expectations to develop individual capabilities.

Trading Execution & Strategy

• Oversee the execution and delivery of a premium trading lifecycle.
• Compile and trade odds for in-play events across various markets in accordance with the established trading strategy and philosophy.
• Set, monitor, and adjust market limits to effectively manage liabilities and optimize customer experience.
• Make and supervise bet intercept decisions and set up markets to ensure clarity for users on BetMGM digital platforms and retail wagering properties.

Market & Risk Management

Monitor competitors' market offerings and recommend appropriate actions, including the introduction of new markets that align with the BetMGM audience. Manage and adjust markets based on client risk profiles, support client analysis, and contribute to decisions that maintain optimal market conditions.

Operational & Cross-Functional Collaboration

• Support customer service, product, content, social media, public relations, and marketing initiatives.
• Collaborate with key stakeholders through regular daily communication with other trading teams to ensure optimal execution.
• Liaise with compliance on new market requests and approvals, and support trading operations to optimize offerings and ensure compliant configurations.

Process Improvement & Compliance

Participate in the daily review and approval of wagers, escalating for consultation as necessary. Contribute to improvements in House Rules and engage in other value-adding activities to create competitive advantages as agreed upon.

Professional Development

Demonstrate a commitment to continuous learning by acquiring proficiency in new tools and methodologies relevant to the role.

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 willingness to support where needed.
• Obtain all necessary wagering licenses

Additional information

Applicants must possess legal authorization to work for our company in the U.S. without the need for immigration sponsorship. At this time, this role is not eligible for immigration-related employment authorization sponsorship including H-1B, O-1, E-3, TN, OPT, etc.

Compensation

The pay range for this position is as follows

100,000.00--133,300.00

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 BetMGM's responsible gambling policies, procedures, and initiatives.