Senior Trader – Sunbet (Sandton) needed at Sun International

Job Purpose: 

• To manage a specific sport in order to maximise profit margins and provide punters with a competitive product that is on time and on line at a right price  

Requirements
Education: 

• B Degree in Sports/Business/ Finance or equivalent (plus). 
• Key Employee License Holder (plus). 

Experience: 

• Minimum 2 years’ experience as a junior trader in sports.

Skills and Knowledge:

• Understanding of specific sports.
• Industry and market knowledge.
• Aptitude for numbers/ financial acumen. 
• Attention to detail. 
• Team player.
• Analytical skills.
• Judgement & decision making.

Key Performance areas:

• Offer as many pre-game and live televised sports games as possible that can be traded in order to attract sports punters to sunbet.
• Add competitive sports markets and increase market range in order to become the leading book maker for a specific sport.
• Constantly monitor sports punters to keep abreast of those that get lost to the business. 
• Liase with marketing department to establish reasons for lost punters and advise on campaigns to lure back lost punters and attract new ones.
• Ensure adherence/ compliance to existing sports-specific risk policies in order to guide the amount of exposure for each sports market;
• Make decisions on take-backs from other book makers in order to reduce amount of exposure, and as far as possible, ensure that take- backs are not at a loss;
• Make suggestions on where to move market or change betting limits and prices in order to manage exposure;
• Analyse sports that are set up manually in order to determine correct prices and quotes for punters vs market’s prices and quotes;
• If there is a big gap between company and market prices and quotas offer opinions and / or decide to either stay in line with market or go outside the market to force money from punters in a different direction;
• Spot suspicious betting transactions and investigate to ensure legitimacy of bet;
• If illegitimate, explain to punter why payout cannot be made and in the case of a dispute prepare case for Head Trader to present to Gambling Board.
• Produce weekly, monthly and quarterly reports on sports and punters in order to determine growth and performance of a specific-sport;
• Analyse sports and punters to determine betting patterns and behaviour of punters;
• Based on information from reports, suggest ideas to improve specific-sport performance.