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Risk

The Risk team consists of 3 key areas:  Sports, Racing Risk and Quantitative Analysis:

Sports:

The Sports Department was formed in 2002 with 4 traders, since then this number has grown to 50 traders. The growth in the Sports Department can be attributed to the increased availability of the Internet, huge growth in Betting in running, the increase of live TV coverage on main stream TV, our access to hundred of TV stations worldwide and offering the best sports betting product in the market.

The Sports Department operates close to 24 hours a day covering 72 sports ranging from the traditional sports (football, golf, rugby etc) to the minority sports (Athletics, UFC, Water polo etc). The Head of Sports oversees a department made up of an Ante post team, a Betting in running team, and a Sports Risk team. Our Ante post team price up matches/events, monitor bets/liabilities, change prices, react to news and updates.

Betting in running is the fastest growing part of our business and our team covers a range of live events. Our Betting in running team cover approx. 1100 football matches and 400 tennis matches each month. Our Sports Risk team are responsible for monitoring and clearing bets from customers along with monitoring the daily company liability in all events and markets.

Our Sports Department liaise with the Retail Help Desk and Customer Service offering our customers the best product and service.

Racing Risk:

Horseracing and Greyhounds is our most traditional product and the Racing Department has been in existence since the company's inception although until 2002 the horseracing traders also looked after all other sports. Currently the Racing Department are responsible for the odds compilation, trading and risk management of the company's horseracing and greyhound product which accounts for 85% of turnover in our retail estate and 50% of the sportsbook turnover on the internet and telephones.

We price up all UK and Irish horseracing and in addition also offer the most extensive product offering in the industry with our Betting Without, Place Betting, Insurebet and Match Betting products while our Antepost offering is also second to none. On the Greyhound front we offer Antepost prices on all of the major Open Race competitions in Ireland and the UK while our in-house expert also gives daily analysis over our audio channels to punters in our shops.

Basically if it's got four legs we'll price it for you!!

The team consists of 20 people, 8 traders reporting to the Head of Racing and 10 risk managers and settlers reporting to the Head of Racing Risk.


Quantitative (or Quants) Analysis:

We do sums, and one or two other things!

The Quants team is located in the Trading room but works with most areas of the business modelling, analysing, quantifying and automating many areas of the business. The unit currently comprises about 10 people, with a mixture of numeric, business analysis and programming skills.

Quants statisticians work on modelling sporting events such as soccer, horse racing, baseball etc. The output of their work is the impressive array of derivative markets available across channels for our customers to bet on.

Our programmers implement these models above and other time and resource saving algorithms, reducing the time taken to create, manage and settle the markets we offer our customers. More strategically, in addition to end user tools, the Quants IT team work closely with IT in producing enterprise level software for the management of the Paddy Power trading room.

The analysis side of the unit gets involved in numerous areas of the business, from Finance in Head Office all the way over to UK retail. The team produces data driven business analysis to help managers in their decision making processes.

If you like working with numbers and occasionally get mildly excited about what computers and automation can do then Quants is a grand place to work. We get to work to solve many of the challenges and issues in various areas of the business meaning that, no matter what you're working on today, there's always something new and tricky to be figured out waiting in your inbox.