Principal, Compliance | Private Credit and BDC

Taylor Root; Chicago (IL); On-site; USD 180,000 - 280,000; Full time

Job summary

Taylor Root partners with a leading global asset manager to fill a Principal role focused on compliance for its direct lending platform and BDC. You will own end-to-end oversight, advise live deals, and ensure alignment with the Investment Company Act and Advisers Act.

In this senior position you will lead the BDC program, review deal materials, and develop controls to manage high volumes of transactions while maintaining rigorous regulatory standards and firm policies.

Qualifications

• 10+ years of senior compliance experience in private credit, direct lending or BDCs.
• Deep working knowledge of the Investment Advisers Act and the Investment Company Act of 1940.
• Judgment and presence to give independent guidance to senior deal professionals and stand behind it.
• Comfortable with heavy documentation review and a high volume of detailed work, without losing accuracy or speed.
• Bachelor's degree. A JD is not required, and certifications such as the CSCP are a plus.

Responsibilities

• You will advise the investment team in real time on conflicts of interest, bringing workable solutions rather than a list of risks.
• You will review investment committee materials, deal documentation and credit agreements to make sure they align with firm policy and regulatory requirements.
• You will serve as the subject matter expert on Sections 17 and 57 of the Investment Company Act. This includes making sure affiliate transactions and co-investments comply with applicable SEC exemptive orders and the firm's allocation framework.
• You will lead the BDC compliance program, including Rule 38a-1 reviews, board reporting and policies suited to a retail credit vehicle.
• You will build compliance controls that keep pace with a high annual volume of transactions.
• You will represent Compliance on the valuation committees as a voting or advisory member.
• You will keep evolving the firm's policies as the platform grows and private credit regulation shifts.

Skills

Conflicts of Interest

Regulatory Compliance

Investment Company Act

Private Credit

CSCP Certification

Education

Bachelor's degree

Job description

We are partnering with a leading global alternative asset manager on a confidential search for a Principal to lead compliance for its direct lending platform. You will be the compliance partner the investment team turns to while deals are live. You will own end-to-end compliance oversight for the direct lending strategy and the BDC.

Responsibilities:

• You will advise the investment team in real time on conflicts of interest, bringing workable solutions rather than a list of risks.
• You will review investment committee materials, deal documentation and credit agreements to make sure they align with firm policy and regulatory requirements.
• You will serve as the subject matter expert on Sections 17 and 57 of the Investment Company Act. This includes making sure affiliate transactions and co-investments comply with applicable SEC exemptive orders and the firm's allocation framework.
• You will lead the BDC compliance program, including Rule 38a-1 reviews, board reporting and policies suited to a retail credit vehicle.
• You will build compliance controls that keep pace with a high annual volume of transactions.
• You will represent Compliance on the valuation committees as a voting or advisory member.
• You will keep evolving the firm's policies as the platform grows and private credit regulation shifts.

Qualifications:

• 10+ years of senior compliance experience in private credit, direct lending or BDCs.
• Deep working knowledge of the Investment Advisers Act and the Investment Company Act of 1940.
• Judgment and presence to give independent guidance to senior deal professionals and stand behind it.
• Comfortable with heavy documentation review and a high volume of detailed work, without losing accuracy or speed.
• Bachelor's degree. A JD is not required, and certifications such as the CSCP are a plus.