Sportsbook & Casino Risk Manager

We are looking for a proactive and analytical Sportsbook & Casino Risk Manager to monitor betting activities, identify potential fraud, manage financial exposure, and implement effective risk control measures across our sports betting and casino operations.

The ideal candidate should have a strong understanding of sports betting markets, player betting behaviour, casino operations, and risk management principles. The role requires the ability to identify unusual activity, develop monitoring systems, anticipate potential financial risks, and implement action plans to protect the business while supporting sustainable growth.

The successful candidate will work closely with the Head of Risk and Finance Department to monitor business performance, control financial exposure, and strengthen the company's overall risk management framework

 Key Responsibilities

Sports Betting Risk Management
- Monitor sports betting activities, betting patterns, odds movements, and market exposure.
- Identify unusual betting behaviour, suspicious wagers, potential arbitrage, bonus abuse, and other activities that may expose the business to financial losses.
- Analyse betting markets and understand the factors influencing odds, player behaviour, and potential liabilities.
- Monitor high-value bets, winning players, and unusual payout patterns.
- Recommend appropriate risk mitigation measures, including bet limits, account restrictions, and adjustments to betting parameters, in accordance with company policies.
- Track sportsbook performance and identify markets or events presenting elevated financial risks.

Casino Risk Management
- Monitor casino activities and identify suspicious player behaviour, bonus exploitation, and potential gaming abuse.
- Analyse player wagering patterns, winnings, deposits, withdrawals, and bonus usage to identify irregularities.
- Identify potential vulnerabilities in casino promotions, free spins, cashback offers, and other bonus mechanisms.
- Work with relevant teams to investigate suspicious activities and recommend appropriate preventive measures.
- Monitor casino performance and identify trends that could affect profitability and financial exposure.

Fraud Detection & Prevention
- Identify and investigate potential fraud, including multi-accounting, bonus abuse, collusion, suspicious transactions, and payment-related irregularities.
- Establish and maintain monitoring processes to detect suspicious activities and emerging fraud patterns.
- Develop risk indicators, alert thresholds, and reporting mechanisms to support early detection.
- Document findings and coordinate investigations with the relevant internal teams.
- Recommend improvements to existing fraud prevention controls and risk monitoring procedures.

Risk Monitoring Systems & Reporting
- Develop and maintain structured monitoring systems, dashboards, and reports to track sportsbook and casino risks.
- Establish key risk indicators (KRIs) and performance metrics to identify potential threats to the business.
- Analyse betting liabilities, player profitability, payout exposure, bonus costs, and other relevant financial indicators.
- Prepare regular risk reports highlighting significant findings, emerging threats, and recommended actions.
- Ensure that identified risks are escalated promptly to the Head of Risk and other relevant stakeholders.

Financial Risk Analysis & Forecasting
- Work closely with the Head of Risk and Finance Department to assess and forecast potential financial exposure.
- Monitor sportsbook and casino gross gaming revenue (GGR), net gaming revenue (NGR), payouts, bonus costs, and other relevant financial indicators.
- Identify trends that could negatively affect profitability, cash flow, or business performance.
- Support financial forecasting and scenario analysis to assess the potential impact of significant betting outcomes, player activity, and promotional campaigns.
- Recommend action plans to mitigate financial risks while maintaining a commercially sustainable betting operation.

Risk Action Plans & Continuous Improvement
- Develop and implement action plans to address identified risks and recurring operational issues.
- Investigate significant losses, unusual betting outcomes, and abnormal player activity to determine their underlying causes.
- Recommend improvements to betting controls, casino promotions, player monitoring, and internal risk procedures.
- Monitor the effectiveness of implemented measures and adjust controls when necessary.
- Stay informed about sports betting trends, casino risk patterns, fraud methods, and emerging threats within the iGaming industry.

Cross-Department Collaboration
- Work closely with the Head of Risk to align risk management strategies with the company's overall objectives.
- Coordinate with Finance to reconcile risk reports, assess financial exposure, and monitor profitability.
- Collaborate with Sportsbook, Casino, CRM, Payments, Customer Support, and Technical teams when investigating risk-related matters.
- Communicate significant findings and provide actionable recommendations to management.

Requirements & Qualifications

- Minimum 1 year of relevant experience in sports betting, casino operations, sportsbook trading, risk management, fraud prevention, or a similar role within the iGaming industry.
- Good understanding of sports betting markets, odds, betting patterns, and sportsbook operations.
- Familiarity with online casino operations, player behaviour, and promotional mechanics.
- Strong analytical and numerical skills, with the ability to interpret data and identify unusual patterns.
- Ability to recognise potential fraud, suspicious betting activity, and financial exposure.
- Experience using spreadsheets, reporting tools, dashboards, or risk monitoring systems.
- Strong problem-solving skills and the ability to recommend practical risk mitigation measures.
- Good communication skills and the ability to work across multiple departments.
- High attention to detail, sound judgement, and a proactive approach to identifying potential risks.
- Ability to work in a fast-paced, performance-driven environment

Preferred Skills

- Experience with sportsbook or casino back-office systems.
- Knowledge of player risk profiling, betting liabilities, bonus abuse prevention, and player profitability analysis.
- Familiarity with Excel or Google Sheets, including data analysis and reporting.
- Exposure to business intelligence tools, fraud detection systems, or automated monitoring solutions.
- Understanding of GGR, NGR, hold percentage, payout ratios, and bonus-to-revenue performance.
- Experience working with multiple betting markets or online gaming brands.

What We Are Looking For

We are looking for someone who combines an understanding of sports betting and casino operations with strong analytical thinking and a commercial mindset.

The ideal candidate does not simply report problems but actively identifies risks, investigates their causes, anticipates potential financial consequences, and recommends practical solutions.

The successful candidate will play an important role in protecting the company's revenue, strengthening operational controls, and supporting the sustainable growth of our sportsbook and casino businesses.