Head of Business Development
About The Position
Novig is building a nationwide sports prediction market designed to create a fair, efficient, two-sided market for sports trading. Following its CFTC designation, the company is expanding its exchange and needs liquidity providers to help make markets tradable. The Head of Business Development owns relationships with liquidity providers, including trading firms and market makers already working with Novig. The role is responsible for growing the liquidity-provider base, bringing new partners onto the exchange, and shaping incentives and deal terms that support both Novig and its partners. The position works closely with Markets, Analytics, and Developer Relations and directly influences the depth of Novig’s order books. The role represents Novig at industry events and liquidity-provider meetings. Work is tied to live sports and may involve nights, weekends, and pressure. The position is based at Novig’s Union Square office in New York City.
Requirements
- At least 5 years of experience owning high-stakes relationships.
- Ability to discuss spreads, fees, and risk with traders using their terminology.
- Follow developments in prediction-market structure.
- Bring a network across proprietary trading shops, market makers, or sports trading desks.
Nice To Haves
- Experience working with trading firms.
Responsibilities
- Serve as the primary partner for Novig’s largest liquidity providers, understand their goals, and help them grow their relationships with Novig.
- Identify, recruit, and onboard new liquidity providers, working with Developer Relations to bring them live.
- Partner with Markets and Analytics to structure incentives that work for Novig and its liquidity providers.
- Monitor each liquidity provider’s trading performance and market share, and provide regular updates to internal teams and partners.
- Represent Novig at industry events and liquidity-provider meetings.
Benefits
- Meaningful equity for every employee, regardless of role.
- 100% of health premiums covered.
- 99% of dental and vision premiums covered.
- 401(k) with a 4% company match.
- HSA with a $1,080 annual company contribution.
- $50 monthly company contribution toward employee transit.
- $27 daily lunch stipend when working from the New York City office.
- $35 daily dinner stipend when working from the New York City office after 6:30 p.m.
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What This Job Offers
Job Type
Full-time
Career Level
Director
Education Level
No Education Listed
