Director, Risk Arbitrage Trader - Event-Driven Markets

Citibank (Switzerland) AG; New York (NY); Hybrid; Confidential; Full time

Job summary

Citigroup's Citi in New York seeks a Risk Arbitrage Trader at director level to oversee a dedicated risk/merger arbitrage and event-driven trading book. You will manage book risk and capital allocation in coordination with Event-Driven and Global Markets teams to generate risk-adjusted revenues from announced transactions.

This role requires deep knowledge of M&A terms, regulatory frameworks, and hedging strategies, plus leadership to mentor junior traders and collaborate with Legal, Compliance,

Qualifications

• 10+ years of trading experience with a proven track record in Risk Arbitrage/Merger Arbitrage or Event-Driven trading.
• In-depth knowledge of corporate finance, M&A structures, securities law, and global regulatory/antitrust frameworks.
• Disciplined risk management with experience navigating deal breaks, market drawdowns, and liquidity squeezes.
• Advanced analytical, quantitative, and numerical skills; ability to model deal spreads and probabilities.
• Strong written and verbal communication skills; ability to explain complex regulatory situations.
• Excellent relationship-building with internal stakeholders (Sales, Research, Legal) and external counterparties.
• Proficient with Bloomberg arbitrage and M&A functions, and proprietary booking/risk systems.

Responsibilities

• Manage and trade a senior-level Risk Arbitrage book.
• Identify and capture arbitrage spreads between target and acquirer securities.
• Implement hedging strategies using options, CDS, equity derivatives, and index products.
• Coordinate with Research, Sales, Capital Markets, and Investment Banking.
• Engage with institutional clients and cross-functional teams to expand the franchise.

Skills

Risk management

Analytical skills

Communication

Interpersonal skills

M&A knowledge

Education

Bachelor's degree in Finance, Economics, Mathematics, Engineering, or related field

MBA or quantitative finance preferred

CFA or JD preferred

Tools

Bloomberg

Job description

Citigroup's Citi in New York seeks a Risk Arbitrage Trader at director level to oversee a dedicated risk/merger arbitrage and event-driven trading book. You will manage book risk and capital allocation in coordination with Event-Driven and Global Markets teams to generate risk-adjusted revenues from announced transactions.

This role requires deep knowledge of M&A terms, regulatory frameworks, and hedging strategies, plus leadership to mentor junior traders and collaborate with Legal, Compliance,