Risk & Controls Manager, Private Equity Operations

Bain Capital; Boston (MA); On-site; USD 115,000 - 130,000; Full time

Job summary

Bain Capital is seeking a Manager, Risks Processes and Controls for its Special Situations team in the US. The role will own critical fund control processes, audit coordination, vendor oversight, and fund lifecycle support.

The ideal candidate works independently, drives improvements, and partners with senior leadership to strengthen the control environment. Responsibilities include coordinating audits (SOC1, AUP-like reviews, annual statements), updating policy manuals, overseeing fund launches

Qualifications

• 6+ years of experience in operations, risk, controls, or fund administration within an alternative investment management or financial services organization.
• Demonstrated ability to independently manage complex, multi-workstream processes from initiation through completion with minimal day-to-day supervision.
• Solid understanding of fund operations, custody processes, and the operational control environment in an alternative asset management context.
• Experience owning or managing audit processes end-to-end; familiarity with SOC1, AUP, or similar frameworks strongly preferred.
• Strong communicator with the ability to engage credibly across functions and external counterparties at varying levels of seniority.

Responsibilities

• Audit Coordination & Compliance: Own and manage BCSS fund‑specific audit cycles end‑to‑end with auditors.
• Own the annual and ongoing review and update of BCSS Policy and Procedures Manuals.
• Fund Lifecycle Support: Manage new fund launches and wind‑downs with cross‑functional teams.
• Maintain fund governance documentation and ongoing compliance obligations.
• Develop and maintain fund workflow maps to improve transparency and cross‑functional collaboration.
• Custody, Controls & Process Improvement: Oversee custody‑related operational processes and asset accounting.
• Lead cross‑functional projects to deliver remediation and efficiency gains.
• Business Continuity: Manage annual testing of the Business Continuity Plan and DR program.
• Vendor & Outsource Partner Management: Oversee relationships with servicers, administrators, custodians; support RFPs.
• Special Projects: Partner with senior leadership on a broad range of initiatives across the BCSS platform.

Skills

Operations management

Risk & controls

Audit coordination

Vendor management

Communication

Education

Four-year college degree in finance, business, economics, or accounting

Tools

Visio

Microsoft Office

Job description

Bain Capital is seeking a Manager, Risks Processes and Controls for its Special Situations team in the US. The role will own critical fund control processes, audit coordination, vendor oversight, and fund lifecycle support.

The ideal candidate works independently, drives improvements, and partners with senior leadership to strengthen the control environment. Responsibilities include coordinating audits (SOC1, AUP-like reviews, annual statements), updating policy manuals, overseeing fund launches