About the Role

We are seeking a highly experienced Head of Risk to lead our sportsbook risk strategy during a critical growth phase. This Head of Risk remote position is pivotal as we expand our operations internationally, focusing on risk governance, exposure management, and long-term margin protection.

What You'll Do

  • Develop and lead the overall sportsbook risk strategy, ensuring alignment with company objectives.
  • Establish scalable exposure management frameworks to optimize risk controls.
  • Implement clear risk reporting structures for senior leadership to facilitate informed decision-making.
  • Oversee real-time liability management across all active markets, optimizing customer limits and profiling methodologies.
  • Identify and mitigate sharp action, arbitrage, and coordinated activity to protect margins.
  • Analyze hold performance and margin volatility, collaborating with trading, CRM, fraud, and payments teams to reduce leakage.
  • Build and structure the risk function, defining KPIs and accountability frameworks to promote a disciplined, data-driven risk culture.
  • Challenge assumptions and implement structured improvements to enhance operational discipline.

Requirements

  • Minimum of 10 years of sportsbook risk or senior trading risk experience.
  • Previous experience in a Tier-1 sportsbook environment is strongly preferred.
  • Demonstrated track record of stabilizing or improving sportsbook margin performance.
  • Deep understanding of sharp vs recreational betting behavior and arbitrage detection.
  • Strong analytical capability and commercial judgment, with experience in fast-growth or international markets advantageous.
  • Comfortable taking ownership of high-impact decisions and able to challenge assumptions.

Nice to Have

  • Experience in risk analytics and performance modeling.
  • Familiarity with customer segmentation and limit management strategy.
  • Strong operational discipline and strategic thinking.

What We Offer

  • Performance incentives linked to margin stability.
  • Significant strategic responsibility within a growing international operator.
  • Opportunity to build and shape the risk function.
  • Relocation support to our main office, to be discussed.
Why This Job8.5 of 10

This Head of Risk position offers a unique opportunity to lead risk strategy in a growing iGaming company. With competitive compensation and significant responsibilities, it's ideal for experienced professionals.

Salary Range
Required
0/1
Optional
0/1
Bonus
0/1

Who Will Succeed Here

Proficient in advanced risk management techniques, particularly in sportsbook strategy, utilizing tools like R or Python for data analysis and modeling.

Demonstrates strong commercial judgment and exposure management skills, with a proven track record of making data-driven decisions in high-pressure remote environments.

Possesses a strategic mindset with experience in customer profiling to tailor risk strategies effectively, adapting to diverse international markets.

Learning Resources

Risk Management in Sports Bettingcourse

Career Path

Head of Risk(Now)Director of Risk & Compliance(2-4 years)Chief Risk Officer(4-6 years)

Market Overview

Market Size 2024
$8.1B
Annual Growth
12.5%
AI Adoption
60%
Investment
+45%
Labour Demand
+25%
Avg Salary
$150K

Skills & Requirements

Required
Risk ManagementSportsbook StrategyData Analysis
Growing in Demand
Machine Learning for Risk AssessmentBehavioral AnalyticsBlockchain Security
Declining
Traditional Risk Assessment ModelsManual Data Entry Techniques

Domain Trends

Increased Use of AI in Risk Management
AI-driven analytics are being adopted by 60% of iGaming companies to enhance risk assessment and decision-making.
Rise of Customer-Centric Risk Strategies
There's a 30% increase in companies implementing customer profiling techniques to tailor risk strategies, improving user engagement.
Integration of Blockchain for Transparency
Over 40% of iGaming firms are exploring blockchain technology to enhance transparency in transactions and reduce fraud risks.

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