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Risk Arbitrage Jobs (NOW HIRING)

Willis Towers Watson

Senior Risk Consultant

Manhattan, NY · On-site

$130K - $175K/yr

Your modelling skills will be used to help clients quantify their risk and develop risk transfer strategies that exploit arbitrage opportunities among mitigation, transfer, and retention levers and ...

Willis Towers Watson

Senior Risk Consultant

Manhattan, NY · On-site

$150 - $200/hr

Your modelling skills will be used to help clients quantify their risk and develop risk transfer strategies that exploit arbitrage opportunities among mitigation, transfer, and retention levers and ...

Scoular

Senior Merchant

Omaha, NE · On-site

Assure that the trade unitis in compliance withall risk management policies. * Assess market trends ... Negotiate freight contracts. * Arbitrage the position foroptimalexecution.

Peninsula Group

Cargo Trader

Houston, TX · On-site

$150 - $200/hr

Execute and manage physical oil trades from origination through delivery, ensuring alignment with company strategy and risk limits. * Identify and capitalize on arbitrage opportunities across global ...

The Scoular Company

Senior Merchant

Omaha, NE · On-site

Assure that the trade unit is in compliance with all risk management policies. * Assess market ... Arbitrage the position for optimal execution. * Expected to problem solve in midst of execution and ...

Peninsula Oil

Cargo Trader

Houston, TX · On-site

Execute and manage physical oil trades from origination through delivery, ensuring alignment with company strategy and risk limits. * Identify and capitalize on arbitrage opportunities across global ...

Peninsula

Cargo Trader

Houston, TX · On-site

Execute and manage physical oil trades from origination through delivery, ensuring alignment with company strategy and risk limits. * Identify and capitalize on arbitrage opportunities across global ...

Janus Henderson Investors

Portfolio Manager

Manhattan, NY · On-site

$250K - $275K/yr

Convertible Arbitrage Strategy * Lead the North American Convertible Arbitrage strategy across idea generation, portfolio construction, execution, and risk management. * Manage portfolio risk ...

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How much do risk arbitrage jobs pay per hour?

As of Sep 7, 2026, the average hourly pay for risk arbitrage in the United States is $30.34, according to ZipRecruiter salary data. Most workers in this role earn between $19.47 and $38.70 per hour, depending on experience, location, and employer.

What is risk arbitrage?

Risk arbitrage, also known as merger arbitrage, is an investment strategy that seeks to profit from the price differences that occur before and after mergers and acquisitions. Risk arbitrageurs typically buy shares of a target company being acquired and may short shares of the acquiring company, aiming to capture the spread between the current market price and the eventual deal price. The strategy involves analyzing the likelihood of the deal closing and the risks involved, such as regulatory approval or financing issues. Because there is always uncertainty about whether a deal will go through, risk arbitrage carries specific risks and rewards.

What are the key skills and qualifications needed to thrive as a risk arbitrage analyst, and why are they important?

To thrive as a Risk Arbitrage Analyst, you need a strong background in finance, quantitative analysis, and a solid understanding of merger and acquisition (M&A) processes, often supported by a degree in finance, economics, or a related field. Familiarity with financial modeling tools, Bloomberg Terminal, and certifications like CFA are commonly required. Attention to detail, strong decision-making under uncertainty, and effective communication are critical soft skills for this role. These competencies are essential for accurately assessing deal risks, making informed investment decisions, and succeeding in fast-moving financial markets.

What are some common challenges faced by professionals working in risk arbitrage, and how are they typically addressed?

Professionals in risk arbitrage often face challenges such as sudden changes in deal terms, regulatory hurdles, and market volatility affecting merger spreads. Staying informed about deal progress, maintaining close communication with legal and compliance teams, and using sophisticated risk management tools are key strategies to address these challenges. Additionally, collaborating with analysts and traders allows for quick reactions to breaking news or unexpected developments, helping to minimize potential losses.

What is the difference between Risk Arbitrage vs Mergers and Acquisitions Analyst?

AspectRisk ArbitrageMergers and Acquisitions Analyst
Required CredentialsFinance degree, certifications like CFA often preferredFinance or related degree, CFA beneficial
Work EnvironmentFast-paced, focused on deal-specific analysisCorporate or advisory firms, strategic analysis
Industry UsageFinancial firms, hedge funds, investment banksInvestment banks, consulting firms, corporations
Common Search/ComparisonYesYes

Risk Arbitrage involves analyzing and executing trades based on merger and acquisition deals, focusing on deal-specific risks and returns. Mergers and Acquisitions Analysts evaluate potential deals, perform valuation, and advise clients or companies on strategic mergers. While both roles require finance knowledge and deal analysis skills, Risk Arbitrage is more specialized in trading strategies around M&A events, whereas M&A Analysts focus on deal evaluation and strategic advisory.

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Risk Arbitrage jobs near you
Infographic showing various Risk Arbitrage job openings in the United States as of August 2026, with employment types broken down into 1% As Needed, 89% Full Time, 8% Part Time, and 2% Contract. Highlights an 87% Physical, 4% Hybrid, and 9% Remote job distribution, with an average salary of $63,100 per year, or $30.3 per hour.

Senior Risk Consultant

Willis Towers Watson

Manhattan, NY • On-site

$130K - $175K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 2 days ago

Willis Towers Watson rating

8.3

Company rating: 8.3 out of 10

Based on 44 frontline employees who took The Breakroom Quiz

36th of 154 rated financial services

Job description


Strategic Risk Consulting (SRC) is a part of the wider Risk & Analytics division within Corporate Risk and Broking, which provides an integrated approach to risk management in the current complex global business environment. SRC is a diverse team, with a global footprint and consists of actuaries, engineers, natural catastrophe modelers and enterprise risk management specialists. SRC helps companies identify, quantify, and prioritize their major risks, and connect risk management decisions to corporate financial performance.
We have an exciting opportunity for a Senior Risk Consultant within our SRC practice. You will be at the forefront of innovation and technology and get involved in a wide range of fascinating projects.
You will lead the delivery of data-driven insightful analyses to some of the world's largest and complex organizations. Your modelling skills will be used to help clients quantify their risk and develop risk transfer strategies that exploit arbitrage opportunities among mitigation, transfer, and retention levers and align risk decisions with financial strategy enhancing organizational resilience and maximizing performance.
If you enjoy being intellectually stimulated, working with people from different industries and backgrounds, and deploying state-of-the-art tools and technology, we want to meet with you.
The Role
  • Oversee and perform modeling analysis for clients' risks by applying standard actuarial techniques as well as WTW proprietary tools
  • Ensure quality of work by participating in our peer reviewing process
  • Maintain a comprehensive audit trail for all analytical work
  • Present analytical results and recommendations to clients in a timely and professional manner
  • Ability to direct work for more junior colleagues and provide feedback and coaching
  • Develop a trusted advisor relationship with internal WTW client relationship managers through effective communication and quality execution of projects
  • Support the development of new business opportunities and enhancing existing relationships
  • Participate in Research & Development of new initiatives as required

Qualifications
The Requirements
  • 5+ years of risk/insurance analytic experience, actuarial experience desirable
  • Excellent communication and presentation skills
  • Ability to clearly explain technical concepts to different audiences
  • Client facing experience preferred
  • Good understanding of how insurance coverages operate
  • Work well in a team environment
  • Project management skills preferred
  • Well-organized, intellectual curiosity and positive attitude
  • Experience using AI models for project research
  • Proficiency in Microsoft Office, programming skills (R) desirable

Above all, you will be hungry to continue to grow your project management skills and to develop your business development and team management capabilities. You will also have the innovation and problem-solving abilities that are regularly required to design bespoke risk consulting solutions and models for our clients.
Note: Employment-based non-immigrant visa sponsorship and/or assistance is not offered for this specific job opportunity.
Compensation and Benefits
Base salary range and benefits information for this position are being included in accordance with requirements of various state/local pay transparency legislation. Please note that salaries may vary for different individuals in the same role based on several factors, including but not limited to location of the role, individual competencies, education/professional certifications, qualifications/experience, performance in the role and potential for revenue generation (Producer roles only).
Compensation
The base salary compensation range being offered for this role is $130,000.00-$175,000.00 USD annually. This role is also eligible for an annual short-term incentive bonus.
Company Benefits
WTW provides a competitive benefit package which includes the following (eligibility requirements apply):
  • Health and Welfare: Mental health/emotional wellbeing (including Employee Assistance Program), medical (including prescription drug coverage and fertility benefits), dental, vision, Health Savings Account, Commuter Accounts, Health Care and Dependent Care Flexible Spending Accounts, company-paid life insurance, supplemental life insurance, AD&D, group accident, group critical illness, group legal, identity theft protection, wellbeing program, adoption assistance, surrogacy assistance, auto/home insurance, pet insurance, and other work/life resources.
  • Leave Benefits: Paid Holidays, Annual Paid Time Off (includes state/local paid leave where required), Short-Term Disability, Long-Term Disability, Other Leaves (e.g., Bereavement, FMLA, ADA, Jury Duty, Military Leave, and Parental and Adoption Leave), Paid Time Off (only included for Washington roles)
  • Retirement Benefits: Qualified contributory pension plan (if eligible) and 401(k) plan with annual nonelective company contribution. Non-qualified retirement plans available to senior level colleagues who satisfy the plans' eligibility requirements.

Pursuant to the San Francisco Fair Chance Ordinance and Los Angeles County Fair Chance Ordinance for Employers, we will consider for employment qualified applicants with arrest and conviction records.
This position will remain posted for a minimum of three business days from the date posted or until sufficient/appropriate candidate slate has been identified.
EOE, including disability/vets

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