Principal, Compliance | Private Credit and BDC

Taylor Root; New York (NY); On-site; USD 180,000 - 270,000; Full time

Job summary

Taylor Root is seeking a Principal to head compliance for a leading global asset manager's direct lending platform and BDC. You will partner with the investment team during live deals, owning end-to-end compliance oversight and policy evolution as private credit regulation shifts.

The role requires 10+ years in senior compliance with private credit, strong Investment Advisers Act and Investment Company Act knowledge, and the ability to provide independent guidance across high-volume,

Qualifications

• 10+ years of senior compliance experience in private credit, direct lending or BDCs.
• Deep knowledge of the Investment Advisers Act and the Investment Company Act of 1940.
• Ability to provide independent guidance to senior deal professionals.

Responsibilities

• Lead end-to-end compliance oversight for the direct lending platform and the BDC.
• Advise investment team in real time on conflicts of interest with workable solutions.
• Review IC materials, deal docs and credit agreements for policy and regulatory alignment.
• Lead the BDC compliance program, including 38a-1 reviews, board reporting and policies.

Skills

10+ years compliance

Direct lending

Investment Company Act knowledge

Independent guidance

Documentation review

Education

Bachelor's degree

JD not required

CSCP a plus

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.