Compliance Director

Bain Capital; Boston (MA); On-site; USD 150,000 - 215,000; Full time

Job summary

Bain Capital Credit is seeking a seasoned compliance professional to serve as the primary compliance officer for its Private Credit platform in Boston, MA. The role involves designing and managing 38a-1 and 206(4)-7 programs, coordinating with boards and independent directors, and guiding service providers and portfolios across private credit vehicles.

The candidate will work closely with legal, finance, and operations teams, lead regulatory examinations, and build scalable policy frameworks

Qualifications

• 8-12 years of compliance experience in investment adviser or similar
• Strong knowledge of the Investment Company Act of 1940 and related sections (17/57)
• Experience designing/managing 38a-1 and 206(4)-7 programs
• Experience presenting to registered fund boards and independent directors
• Experience with Form ADV and Form PF preferred
• Ability to lead, mentor, and influence junior staff

Responsibilities

• Own the design, implementation, testing, and oversight of 38a-1 compliance for Bain Capital's BDCs and related 206(4)-7 requirements
• Perform pre-transaction compliance reviews for private credit investments
• Prepare and present quarterly/annual compliance reports to boards
• Review service providers' policies and perform due diligence on vendors
• Develop and maintain policies to prevent/detect violations of securities laws
• Coordinate annual 38a-1 program review
• Set strategy for private funds compliance alongside BDC program
• Collaborate with portfolio teams to troubleshoot compliance questions
• Coordinate with finance/operations on expense allocation and workflows
• Lead regulatory inquiries and examination readiness

Skills

Communication skills

Analytical skills

Independence / self-starter

Team collaboration

Regulatory knowledge

Job description

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, to build trust
• 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.

Founded in 1984, Bain Capital is one of the world’s leading private investment firms. We are committed to creating lasting impact for our investors, teams, businesses, and the communities in which we live. As a private partnership, we lead with conviction and a culture of collaboration, advantages that enable us to innovate investment approaches, unlock opportunities, and create exceptional outcomes. Our global platform invests across five focus areas: Private Equity, Growth & Venture, Capital Solutions, Credit, and Real Assets. In these focus areas, we bring deep sector expertise and wide-ranging capabilities. We have 24 offices on four continents, more than 2,000 employees, and approximately $225 billion in assets under management.

To learn more, visit www.baincapital.com.

Follow @BainCapital on LinkedIn and X (Twitter).

Transparency in Coverage – MRF Requirement All personal data will be processed in accordance with the Bain Capital EEA and UK Data Protection Notice. Click here for more information. For job applicants in the United States, Bain Capital participates in the E-Verify program and if hired will use E-Verify to confirm your work authorization. For more information on E-Verify, please refer to the E-Verify Participation and Right to Work Notices.