Sports Trader - Contractor

Sorry, this job was removed at 06:12 p.m. (CST) on Wednesday, Aug 21, 2024
New York, NY
1-3 Years Experience
News + Entertainment • Software • Sports
We’re on a mission to bring more fun into the world. And we’re building a best-in-class team to make it happen.
The Role

About Mojo

At Mojo, we’re making the most comprehensive and differentiated prediction markets in sports—from the next play to an entire career—to transform the sports betting, fantasy, gaming and collectible industries. To do it, we’re developing the most sophisticated technology, with the best team, across data science, financial market making, risk management and engineering.

Be prepared (and excited!) to wear multiple hats and learn new things as we all work together to design, build, and launch a product that will change the industry.

About the Role:

As a Trader, you will use a combination of sports knowledge, statistics, judgment and wits to help make a market. You will be assisted by trading algos, data scientists, risk quants and engineers in helping set and adjust prices, spreads, and other trading parameters.

The trader’s role will borrow from principles used in traditional financial markets, set against the backdrop of professional sports and traditional sports betting and fantasy.

This role is a contractor role with an expected salary of $20-$30/hour.

Responsibilities:

  • Engage in price setting and price discovery by watching live sports, sports news, and market activity
  • Follow roster, injury, contract and strategy news closely to aid in price setting process
  • Provide virtually continuous feedback to data science teams on the quality of models, prices and assumptions
  • Monitor the trading algo’s executions, positions along with risk quants
  • Adjust system parameters based on market conditions.
  • Communicate relevant news, market events, and system behavior to team members.

About You:

  • Deep knowledge of sports, in particular major American sports
  • Professional or quasi-professional fantasy sports, or betting experience a significant plus
  • Professional trading experience a significant plus, especially in derivatives markets
  • Creative and flexible thinker. Open-minded and willing to adjust course.
  • Excellent statistical reasoning ability
  • Excellent communication skills
  • Ability to use sound judgment under pressure
  • Passionate problem solver and hunger to do what’s needed to find solutions whether that be trading, analyzing data or collaboration
  • Comfortable with open-ended problems and working without a perfectly defined script – comfortable helping write the script
The Company
HQ: New York, NY
95 Employees
Hybrid Workplace
Year Founded: 2021

What We Do

Mojo is an exciting early-stage startup at the intersection of sports and finance. We're pioneering groundbreaking work with complex engineering, advanced data science, sophisticated market making, cutting-edge app design, original content, and more — all designed to give fans a new way to cash in on their sports knowledge and passion.

We’re led by visionary founders Marc Lore, Alex Rodriguez, Vinit Bharara, and Bart Stein. We’re also backed by best-in-class investors, having recently closed a $75M Series A funding round led by Thrive Capital, with significant participation from Tiger Global.

We’re on a mission to bring more fun into the world. And we’re building a world-class team to make it happen, with experts and rising stars from powerhouses like Google, Amazon, Walmart, Goldman Sachs, Major League Baseball, the NBA, the NHL, Topps, Fubo, Credit Suisse & more.

Our office is in the heart of the city’s most desirable location, the Flatiron neighborhood, with easy access to transportation, restaurants, bars, shopping, and more. And while our HQ with a weekly free lunch, fully-stocked snacks, and other goodies is a great place to collaborate in person, we’re also fully-remote and hybrid flexible.

Want to join the team, help supercharge fandom, and build the most popular gaming destination anywhere? Learn more and see open roles at mojo.com.

Why Work With Us

The values at the heart of Mojo — trust, respect, and fairness — come through in everything we do. Our product, culture, hiring practices, and transparent compensation structure are just a few of the ways we put our words into action.

Oh, and we have an unshakeable belief that you can’t create fun if you're not having fun!

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