Associate, Market Operations
WFA Digital Insight
The demand for skilled market operations specialists has grown significantly, with a 25% increase in job postings over the last year. As the remote job market continues to evolve, professionals with expertise in market surveillance, regulation, and operations are in high demand. DraftKings, a leader in the digital gaming industry, is seeking an Associate, Market Operations to join their team. With the rise of AI-powered prediction markets, this role offers a unique opportunity to work at the intersection of technology, finance, and regulation. Before applying, candidates should be aware of the company's commitment to innovation and customer experience, as well as the importance of staying up-to-date with industry trends and developments.
Job Description
About the Role
The Associate, Market Operations role at DraftKings is a critical position that requires a unique blend of technical, business, and regulatory expertise. As a key member of the market operations team, you will be responsible for managing the integrity of DraftKings' prediction markets, ensuring compliance with regulatory requirements, and providing operational support to exchange members. The role involves working closely with various stakeholders, including regulators, engineers, and product teams, to ensure the smooth operation of the markets.The market operations team at DraftKings is a dynamic and fast-paced environment that requires individuals who are adaptable, proactive, and able to think critically. As an Associate, Market Operations, you will be expected to stay up-to-date with industry trends, regulatory developments, and emerging technologies, and to apply this knowledge to improve the overall efficiency and effectiveness of the markets.
DraftKings is committed to innovation and customer experience, and the market operations team plays a critical role in delivering on this promise. By joining the team, you will have the opportunity to work with a talented group of professionals who are passionate about creating a world-class prediction market experience.
What You Will Do
- Manage market activity, including market creation, configuration, and settlement procedures
- Provide operational support to exchange members on connectivity, market metadata, and market resolution
- Conduct real-time market surveillance to identify anomalies and escalate trade practice violations
- Monitor market activity to track KPIs and produce reports for internal analytics
- Collaborate with the engineering and market structures team on operational requirements for new features and launches
- Manage the relationship with the Exchange's Clearinghouse partner to ensure timely and accurate funding for exchange member accounts
- Work with ecosystem partners to ensure that markets are operating smoothly with sufficient liquidity
- Assist with trade practice surveillance and communication with regulators
- Develop and maintain documentation of market operations procedures and processes
- Participate in the development and implementation of new market features and products
What We Are Looking For
- Exceptional written and verbal communication skills, with the ability to work with partners across engineering, regulatory, analytics, and product teams
- Understanding of market structure, including order book, matching engine, market states, trading dynamics, and market ecosystems
- High attention to detail and a bias for action when resolving time-sensitive issues
- Enthusiasm for prediction markets, sports trading, or financial markets
- Flexibility to provide shift coverage as needed for real-time market surveillance
- Experience in a trading role or related field is a plus, but not required
- Strong analytical and problem-solving skills, with the ability to think critically and outside the box
- Ability to work in a fast-paced environment and prioritize multiple tasks and responsibilities
- Familiarity with regulatory requirements and compliance procedures
Nice to Have
- Experience with market surveillance systems and tools
- Knowledge of programming languages, such as Python or Java
- Familiarity with data analytics and visualization tools, such as Tableau or Power BI
- Experience working in a remote or distributed team environment
- Certification in a related field, such as finance or regulatory compliance
Benefits and Perks
- Competitive salary and bonus structure
- Equity and stock options
- Comprehensive benefits package, including health, dental, and vision insurance
- Flexible PTO and paid holidays
- Remote work stipend and equipment allowance
- Opportunities for professional development and growth
- Access to cutting-edge technologies and tools
- Collaborative and dynamic work environment
- Recognition and reward programs for outstanding performance
How to Stand Out
- To stand out in the application process, be sure to highlight your experience and skills in market operations, regulation, and compliance.
- Familiarize yourself with DraftKings' products and services, as well as the company's mission and values.
- Be prepared to provide specific examples of your experience working in a fast-paced environment and prioritizing multiple tasks and responsibilities.
- Showcase your analytical and problem-solving skills by providing examples of complex problems you've solved in previous roles.
- Don't be afraid to ask questions during the interview process, and be sure to inquire about the company culture and team dynamics.
- When negotiating salary, be sure to research the market rate for the role and be prepared to discuss your expectations and requirements.
- Be aware of the company's commitment to innovation and customer experience, and be prepared to discuss how you can contribute to these efforts.
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