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Risk Arbitrage Jobs (NOW HIRING)

Portfolio Manager

Denver, CO · 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 ...

Portfolio Manager

Denver, CO · 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 ...

Trader - Distillate

Spring, TX · On-site

$150 - $200/hr

Identify value opportunities in blending, storage, arbitrage, and freight. * Ensure strict compliance with company policies, regulations, and risk controls. * Build strong relationships with ...

Identify value opportunities in blending, storage, arbitrage, and freight. * Ensure strict compliance with company policies, regulations, and risk controls. * Build strong relationships with ...

Identify value opportunities in blending, storage, arbitrage, and freight. * Ensure strict compliance with company policies, regulations, and risk controls. * Build strong relationships with ...

Identify value opportunities in blending, storage, arbitrage, and freight. * Ensure strict compliance with company policies, regulations, and risk controls. * Build strong relationships with ...

Execute physical arbitrage and optimize trading economics through paper markets, freight, vessels ... risk management expertise. • Understanding of physical international fuel supply chain. • ...

Showing results 41-60

Risk Arbitrage information

See salary details

$14

$30

$74

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.

More about Risk Arbitrage jobs

What cities are hiring for Risk Arbitrage jobs?

Cities with the most Risk Arbitrage job openings:

What states have the most Risk Arbitrage jobs?

States with the most job openings for Risk Arbitrage jobs include:

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.

$250K - $275K/yr

Full-time

Medical, Retirement

Posted 4 days ago


Job description

Why work for us?

A career at Janus Henderson is more than a job, it's about investing in a brighter future together. 

Our Mission at Janus Henderson is to help clients define and achieve superior financial outcomes through differentiated insights, disciplined investments, and world-class service. We will do this by protecting and growing our core business, amplifying our strengths and diversifying where we have the right.

Our Values are key to driving our success, and are at the heart of everything we do:

Clients Come First - Always | Execution Supersedes Intention | Together We Win | Diversity Improves Results | Truth Builds Trust

If our mission, values, and purpose align with your own, we would love to hear from you!

Your opportunity 

  • Convertible Arbitrage Strategy
    • Lead the North American Convertible Arbitrage strategy across idea generation, portfolio construction, execution, and risk management.
    • Manage portfolio risk, financing, liquidity and hedging across the strategy.
    • Expand the strategy through new trade types, market opportunities and enhanced analytical frameworks.
  • Derivatives & Trading
    • Provide deep expertise in listed and OTC derivatives.
    • Work closely with the central trading desk executing:
      • Vanilla equity options
      • OTC equity derivatives
      • Structured products
    • Maintain a detailed understanding of option pricing, volatility dynamics, financing, evolution of structured products and counterparty considerations.
  • Equity Arbitrage & ECM
    • Build and manage strategies surrounding Equity Capital Markets (ECM) transactions as well as Equity Capital Structure.
    • Assess transaction dynamics, liquidity, valuation, and execution risk to generate attractive risk-adjusted returns.
  • Bank & Counterparty Relationships
    • Strengthen and expand relationships with global investment banks and broker-dealers.
    • Increase access to proprietary deal flow, structured opportunities and financing solutions.
    • Work closely with prime brokers and counterparties on financing, borrow availability and execution.
    • Represent the firm externally with key market participants.
  • Leadership
    • Work collaboratively with portfolio managers across the multi-strategy platform to identify cross-strategy opportunities.
    • Share market insights and best practices across investment teams.
    • Provide assistance on managing and execution for the range of existing structured products that are managed by the team.
    • Contribute to the strategic development of the firm's relative value and arbitrage capabilities.
  • Carry out other duties as assigned

What to expect when you join our firm

  • Hybrid working and reasonable accommodations
  • Generous Holiday policies
  • Excellent Health and Wellbeing benefits including corporate membership to Wellhub
  • Paid volunteer time to step away from your desk and into the community
  • Support to grow through professional development courses, tuition/qualification reimbursement and more
  • Maternal/paternal leave benefits and family services
  • Unique employee events and programs including a 14er challenge
  • Complimentary beverages, snacks and all employee Happy Hours

Must have skills

  • Extensive knowledge of relevant sector/product/instruments for the role
  • Knowledge of financial modelling and/or VBA for more quantitative roles
  • Knowledge or Bloomberg and other market data platforms
  • Knowledge of Charles Rivers or other trade booking system
  • Strong analytical mind-set
  • Excellent written and verbal communication skills
  • Excellent attention to detail
  • Self-motivated and able to work independently
  • Excellent time management skills
  • Strong risk management skills
  • Excellent presentation skills
  • Ability to work effectively under pressure
  • Strong interest in financial markets / macro economics
  • Excellent interpersonal skills, with the ability to build and develop relationships internally and externally

Nice to have skills

  • CFA qualified or equivalent work experience
  • Degree educated in a business, math or finance discipline

Investment areas  

  • Has responsibility for leading portfolios within global multi-strategy hedge fund strategy.

Supervisory responsibilities

  • No

Potential for growth

  • Mentoring
  • Leadership development programs
  • Regular training
  • Career development services
  • Continuing education courses

Compensation information

The base salary range for this position is $250,000 - $275,000. This range is estimated for this role. Actual pay may be different. This position will be open through September 11, 2026.

Colorado law requires an estimated closing date for job postings. Please don't be discouraged from applying if you see this date has passed.

At Janus Henderson Investors we're committed to an inclusive and supportive environment. We believe diversity improves results and we welcome applications from candidates from all backgrounds. Don't worry if you don't think you tick every box, we still want to hear from you! We understand everyone has different commitments and while we can't accommodate every flexible working request, we're happy to be asked about work flexibility and our hybrid working environment. If you need any reasonable accommodations during our recruitment process, please get in touch and let us know at recruiter@janushenderson.com

#LI-CH2 #LI-HYBRID

Annual Bonus Opportunity: Position may be eligible to receive an annual discretionary bonus award from the profit pool. The profit pool is funded based on Company profits. Individual bonuses are determined based on Company, department, team and individual performance. 

Benefits: Janus Henderson is committed to offering a comprehensive total rewards package to eligible employees that includes; competitive compensation, pension/retirement plans, and various health, wellbeing and lifestyle benefits. To learn more about our offerings please visit the Why Join Us section on the career page here.

Janus Henderson Investors is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or veteran status. All applications are subject to background checks.

Janus Henderson (including its subsidiaries) will not maintain existing or sponsor new industry registrations or licenses where not supported by an employee's job functions (as determined by Janus Henderson at its sole discretion).

You should be willing to adhere to the provisions of our Investment Advisory Code of Ethics related to personal securities activities and other disclosure and certification requirements, including past political contributions and political activities. Applicants' past political contributions or activity may impact applicants' eligibility for this position.

You will be expected to understand the regulatory obligations of the firm, and abide by the regulated entity requirements and JHI policies applicable for your role.