Compliance Director
Bain Capital · Boston, United States · 29d ago
TITLE: Compliance Officer – Private Credit
DEPARTMENT: Compliance and Legal
LOCATION: Boston, MA
Bain Capital Overview
With approximately $225 billion of assets under management, Bain Capital is one of the world's leading private investment firms. We create lasting impact for our investors, teams, businesses, and the communities in which we live. Over four decades we have strategically grown our platform to focus on Private Equity, Growth & Venture, Capital Solutions, Credit & Capital Markets, and Real Assets. Today, our team includes 1,880+ employees in 24 offices on four continents.
We partner differently to help people and companies embrace possibility and realize potential. Founded as a private partnership in 1984, we have fostered a culture of innovation, entrepreneurialism, and agility, empowering our people to define and own their career trajectories. Today, our partnership approach enables us to pursue strategic growth, build enduring relationships with a robust external network, and collaborate across our integrated platform to connect the deep and diverse expertise that unlocks breakthrough insights.
Our people are the heart of our advantage. Colleagues at all levels have a seat at the table as they tackle business challenges with a principal investor mindset. By asking incisive questions, respectfully challenging one another, and remaining intellectually agile, we work together to achieve exceptional outcomes.
For more information visit: www.baincapital.com
Position Overview
Bain Capital Credit is seeking a seasoned compliance professional to serve as the primary compliance officer for its Private Credit business. The Private Credit platform includes two business development companies (BDCs), as well as private funds, separately managed accounts, and CLOs pursuing direct lending and related private credit strategies. This is a high-volume, fast-moving environment in which the platform continues to grow, and the Compliance Officer will be expected to grow with it.
Reporting directly to the Chief Compliance Officer of Bain Capital Specialty Finance, Inc. and Bain Capital Private Credit, the Compliance Officer will have primary responsibility for the design, implementation, testing, and day-to-day management of the BDC 38a-1 compliance program and the associated Investment Advisers Act 206(4)-7 compliance program elements applicable to the Private Credit business. The role requires a seasoned compliance professional with practical commercial instincts and a demonstrated ability to work independently across investment, finance, operations, legal, and senior leadership, including regular interaction with the BDCs' independent directors.
The ideal candidate brings a proactive, program-builder mindset — comfortable identifying gaps, proposing solutions, and driving initiatives to completion without waiting to be directed.
This is a senior individual contributor role. The Compliance Officer will provide direction and oversight to junior compliance team members and third-party service providers including compliance consultants and outside counsel.
Key Responsibilities:
BDC and Registered Fund Compliance Program (38a-1)
Own the design, implementation, testing, and ongoing oversight of the 38a-1 compliance program for Bain Capital's BDCs, as well as the associated 206(4)-7 compliance program elements for the Private Credit investment adviser
Conduct and oversee pre-transaction compliance reviews of private credit investments, including analysis for compliance with the firm's SEC Section 17(d) co-investment exemptive order, and applicable Investment Company Act requirements (including Sections 17, 55, and 57)
Prepare quarterly and annual compliance reports and updates for the boards of each BDC, including presenting at board meetings and serving as a regular compliance contact for independent directors
Review and assess service providers' policies and procedures; conduct compliance-related due diligence on fund service providers and vendors
Work closely with legal, finance, operations, and portfolio management to develop, document, and maintain policies and procedures reasonably designed to prevent, detect, and correct violations of applicable securities laws
Coordinate and manage the annual 38a-1 compliance program review
Private Fund Compliance
Set strategy for compliance oversight for Bain Capital Credit's private funds alongside the BDC program, including monitoring applicable Investment Advisers Act obligations
Partner with investment staff, including portfolio managers and deal teams, to troubleshoot compliance questions and support transaction execution across the Private Credit platform
Collaborate with finance and operations counterparts on compliance matters including expense allocation review, cross-trade procedures, and operational workflows
Program Development and Broader Responsibilities
Coordinate management of regulatory inquiries and examinations; lead or support examination readiness efforts
Assist with, and respond to issues and questions identified by, firm testing activities
Develop, implement, and maintain compliance policies and procedures for Private Credit business functions; assist with broader firm-wide policy development
Provide compliance oversight of third-party service providers; manage relationships with outside fund counsel and other key vendors
Review marketing materials and investor communications for the Private Credit business
Work on longer-term initiatives aimed at strengthening and scaling the compliance program
Coordinate with the broader Bain Capital Credit Compliance team on committee presentations, firm-wide compliance initiatives, and cross-platform matters
General Qualifications
8-12 years of compliance experience at an investment adviser, registered fund complex, private fund manager, law firm with an asset management practice, or the Securities and Exchange Commission itself
Demonstrated experience designing, managing, or materially supporting an Investment Company Act 38a-1 compliance program; BDC experience strongly preferred
Strong knowledge of the Investment Company Act of 1940, including co-investment (Section 17/57), affiliated transaction requirements, and fund governance obligations
Expertise in private credit strategies and the compliance considerations relevant to direct lending, private debt, and related structures
Experience preparing and presenting compliance-related materials for registered fund boards; comfort interacting with and reporting to independent directors
Background working closely and collaboratively with investment teams across the deal lifecycle, including portfolio managers and deal teams; ability to build trust with investment professionals and serve as a genuine business partner rather than a gatekeeper
Background working across the deal lifecycle with finance and operations professionals; practical commercial instincts and ability to deliver solutions under time pressure
Experience with regulatory filings, including Form ADV and Form PF, preferred but not required
Experience managing or overseeing third parties and junior team members; proven ability to lead, direct, and influence without direct authority
Self-starter who proactively identifies compliance risks and gaps and takes initiative to address them; demonstrated ability to take holistic ownership of a compliance program, including matters that fall outside defined swim lanes
Track record of operating with a high degree of independence, sound judgment, and strong follow-through on a broad and varied workload
Collegial, team-oriented professional with high integrity and the capacity to handle sensitive and confidential information
Strong written and verbal communication skills; able to prepare and present materials for boards, senior leadership, and regulators
Excellent organizational and time management skills; ability to manage multiple priorities with high attention to detail
Strong problem-solving and analytical skills
Compensation:
Expected Annual Base Salary $150,000 - $215,000
Actual base salary will be determined by a wide range of factors including but not limited to role, function, level, experience, qualifications and geographic location. In addition to a competitive base salary, this position may be eligible for a discretionary annual bonus based upon factors such as individual impact, team and firm performance. Bain Capital offers a competitive benefits package designed to support employees’ health, financial security, family needs, and overall well-being.
Bain Capital is an equal opportunity employer. We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or Veteran status.