Senior Risk & Trading Analyst, Sportsbook at Magic Eden (Melbourne, Australia)
Magic Eden· Melbourne, Australia·
Role details
Job description
Magic Eden became one of the fastest companies in history to reach unicorn status, just 9 months after launch. Built on a foundation of crypto-native expertise and in-house engineering, we moved fast and proved the model. Now we’re taking that same energy into the next chapter: Dicey, our crypto casino and sportsbook platform targeting the $180B+ iGaming and sports betting markets.
About the Role & Why It Matters
As a founding member of Dicey’s Risk, Trading, and Operations function, you will act as the commercial pit boss of our platform. This is a high-ownership role managing pre-match and live sportsbook exposure. We need a sharp, high-conviction analyst who can instantly distinguish between standard recreational variance and exploitative sharp play. Balancing 360-degree cross-platform oversight across both Casino and Sportsbook, you will protect our bottom line and secure long-term margin sustainability without sacrificing customer experience.
Responsibilities
Real-Time Risk & Game Monitoring
- Detect & Mitigate: Monitor live Sportsbook and Casino activity to swiftly neutralize sharp play, arbitrage, exploits, and bonus abuse.
- Player Profiling: Track player profitability, betting patterns, and withdrawal velocity; manage risk actions like account restrictions or market adjustments.
- Integrity Control: Analyze casino game outcomes against expected RTP to identify technical anomalies and multi-accounting.
Sportsbook & Trading Support
- Exposure Management: Monitor pre-match and in-play event exposure, liabilities, and market movements.
- Trading Operations: Handle platform risk settings, manage feed providers, and execute bet reviews and limit adjustments.
Payments, Process & Collaboration
- Fraud Prevention: Review high-risk withdrawals and suspicious payment patterns alongside the Fraud/Payments teams.
- Optimization & Reporting: Build data-driven risk reports and refine automated alerting frameworks and risk rules.
- Cross-Team Alignment: Work closely with Trading, VIP, Product, and Support, escalating critical incidents directly to the Risk Manager.
What You Bring
- Experience: 6+ years in a Risk, Trading, or Fraud role within iGaming or Sports Betting.
- Domain Expertise: Deep understanding of trading concepts (odds, liabilities, exposure) and casino mechanics (RTP, volatility).
- Data & Anomaly Detection: Experience with data tools (Excel, SQL, BI) to rapidly spot sharp action and pricing inefficiencies.
- Live Operations Mindset: Ability to make fast, commercial decisions in high-volume, 24/7 live environments (including shifts).
- Composure & Communication: Clear articulation during escalations and a calm demeanor during high-pressure, peak-volume periods.
Why work at Magic Eden
- Culture: Magic Eden is a fast-paced, high-growth startup at the intersection of crypto, gaming, and entertainment. The culture is driven by a "Crypto Native" ethos, with a focus on innovation and rapid iteration.
- Remote/Hybrid Policy: The company operates in 17 countries, including the US, Australia, Canada, Hong Kong, and Singapore, suggesting a highly distributed and remote-friendly workforce. The headquarters is in San Francisco.
- Notable Perks or Engineering Culture: Engineering is a core focus (26 technical staff out of 133 total) [linkedin.com]. The company hires top talent from Coinbase, Binance, Meta, Google, and OpenSea, indicating a high-caliber engineering and product team. The pivot into iGaming and the $ME token economy offers employees exposure to cutting-edge blockchain economics and regulated gaming.
- Growth Trajectory: Despite a pivot that involved scaling down the NFT marketplace, the company is actively building new revenue streams (Dicey, Slingshot) and has a clear, ambitious vision. The 4.7% monthly headcount growth rate and active job postings suggest a company in rebuilding/expansion mode [linkedin.com].