Manager – Risk Process & Controls - Special Situations
About the job
- At least 6 years of experience in operations, risk, controls, or fund administration within an alternative investment management or financial services organization.
- 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.
- Strong communication skills and the ability to engage credibly across functions and with external counterparties at varying levels of seniority.
- Ability to exercise sound independent judgment and know when to escalate.
- Strong organizational skills, attention to detail, consistent follow-through, and a proactive approach to identifying and resolving process gaps and control weaknesses.
- Proficiency in the Microsoft Office suite.
- A four-year college degree is required.
- Own and manage BCSS fund-specific audit cycles end-to-end, including SOC 1, Kaufman AUP Quarterly Review, Eisner Surprise Count, Mercer ASIT, SWIFT, and Annual Financial Statement Audits, while coordinating with internal stakeholders and external auditors.
- Own the annual and ongoing review and update of BCSS Policy and Procedures Manuals.
- Manage and coordinate new fund and strategy launches and fund wind-down activities with finance, legal, compliance, and operations.
- Maintain fund governance documentation and manage ongoing operational obligations associated with fund entities.
- Develop and maintain fund workflow process maps to improve operational transparency, streamline processes, and support cross-functional collaboration.
- Own custody-related operational processes, including oversight of electronic vaulting arrangements and ensuring assets under custody audit are appropriately accounted for.
- Identify and lead targeted process improvement and control remediation projects, including Not in Bank asset clean-up initiatives.
- Lead cross-functional working groups to deliver outcomes on time.
- Identify opportunities to streamline workflows and build efficiencies across the BCSS operational control environment.
- Own the ongoing management and annual testing of the Business Continuity Plan and Disaster Recovery program, including documentation, testing logistics, and post-test remediation tracking.
- Manage day-to-day relationships with outsourced servicers, fund administrators, and custodians on behalf of BCSS.
- Own new business allocation coordination, issue tracking, and escalation resolution.
- Manage the vendor scorecard process; support RFPs and strategic vendor selection processes as directed by senior leadership; and oversee invoice processing review and approval workflows.
- Partner with senior leadership to coordinate and support special projects and strategic initiatives across the BCSS platform from scoping and planning through execution and closing.
- Familiarity with SOC 1, AUP, or similar audit frameworks.
- Experience with workflow, reporting, or process documentation tools such as Visio.
- Familiarity with vendor management and RFP coordination.
- A degree in finance, business, economics, or accounting.
- CPA, CFA, or an equivalent professional qualification.
About the company
Bain Capital is a private investment firm that manages multiple asset classes including private equity, venture capital, public equity, credit, and real estate. It works by making long-term investments in companies across a wide range of industries and geographies, and then actively partnering with the management teams of portfolio companies to drive growth and improve operations over time. The firm uses a long-term investment horizon and an active-ownership approach to build value for its investors. What sets Bain Capital apart is its multi-asset scale and global presence, combined with hands-on collaboration with portfolio companies and a strong emphasis on social responsibility through charitable initiatives. The goal is to deliver sustained, long-term value for investors and partners while contributing to communities through its charitable programs.
Company Size
1,001-5,000
Company Stage
N/A
Total Funding
$18.3B
Headquarters
Boston, Massachusetts
Founded
1984
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Simplify's Take
What believers are saying
- Kahua valued above $1 billion on September 29, 2026, validates Bain's AI-industrial thesis.
- Bain is bidding for Koch's Edged data centers, targeting a $15 billion platform.
- EcoCeres's planned $1 billion Hong Kong IPO expands Bain-backed monetization optionality.
What critics are saying
- PowerSchool litigation can establish parent-liability precedent that damages Bain's entire control model.
- New World Development carries HK$143 billion debt, and Bain's talks face control disputes.
- Manappuram triggered RBI scrutiny in February 2026, showing regulator resistance to control structures.
What makes Bain Capital unique
- Bain Capital spans private equity, credit, tech, and real estate across cycles.
- October 2026 deals span Kahua, SOLitude, BlueWater Marinas, and AAR-MRO.
- Its private credit group announced $6 billion of financings for first-half 2026.
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Company News
Atoms, the robotics and industrial automation company founded by Uber co-founder Travis Kalanick, has raised $1.7 billion in a round led by Andreessen Horowitz (a16z). Uber, Bain Capital, Fifth Wall, and other institutional investors also took part. a16z co-founder Ben Horowitz joins the Atoms board. The money will speed up work across food, mining, and transport. The raise strengthens ProKitchens, part of the Atoms Food pillar alongside CloudKitchens. ProKitchens runs commercial kitchens in 10 cities across France, Spain, Italy, Portugal, Poland, and the Netherlands. It offers certified, ready-to-fit kitchen spaces on flexible contracts, which cuts the capital needed to open new locations.
Sam Altman-backed bitcoin insurer Meanwhile secures $37.5 million in Bain Capital Crypto-led round - CoinDesk. News Fri, 09 Oct 2026 09:06:00 UTC 2 hours ago This content is automatically aggregated. Full credit goes to the original publisher (news.google.com).
Oratomic, a Pasadena-based quantum computing startup, has raised $775 million in total funding since launching in March 2026. The financing was led by ARCH Venture Partners, Spark Capital, Khosla Ventures, Index Ventures, General Catalyst, and Bezos Expeditions. The company is building quantum computers using reconfigurable arrays of neutral atoms and advanced quantum error correction. Oratomic focuses exclusively on developing utility-scale, fault-tolerant quantum computers. The funding will support expansion of Oratomic's scientific and engineering team, laboratory infrastructure, and systems needed to build its quantum computers. Additional investors include Lowercarbon Capital, Bain Capital, Formation, and Nebular.
Blackstone, Bain, Warburg prepare final bids for Fuji Media's property unit, sources say. 06 Oct 2026 02:22PM (Updated: 06 Oct 2026 02:44PM) Add CNA as a trusted source to help Google better understand and surface our content in search results. HONG KONG/TOKYO, Oct 6: Blackstone, Bain Capital and Warburg Pincus are among global investors expected to submit final bids for the property unit of Japanese broadcaster Fuji Media by the end of this month, said two people with knowledge of the sale. Fuji Media expects a deal would value the unit at around 1 trillion yen ($6.3 billion) including debt, said the people, adding that BGO, a real estate investment firm under Canada's Sun Life Financial, also plans to submit a binding offer for the unit, Sankei Building. If the entire unit is sold, it would mark one of Japan's largest-ever real estate takeovers. A Fuji Media shareholder, however, has urged greater transparency in the Sankei Building transaction, according to a September 30 letter seen by Reuters. In the letter to Fuji Media's group CEO Kenji Shimizu, Vasanta Master Fund argued that the size and complexity of the real estate portfolio could limit potential buyers to a handful of large private equity firms, which may not result in enough upside for existing shareholders. Vasanta Master Fund, which owns less than 1 per cent of Fuji Media shares, requested more disclosure on the value of Sankei's assets, the transaction structure and options such as a partial sale, a spin-off or a phased sale of individual assets, and the use of proceeds. "There is a fair bit of uncertainty regarding Fuji Media's intentions - whether they will sell 100 per cent or just a part. The price will be better if they sell all of it," said Travis Lundy, an analyst at Quiddity Advisors who publishes on Smartkarma. Fuji Media is expected to seek shareholders' approval after choosing a preferred bidder, said one of the people and a separate person. The people declined to be named as the information is confidential. Fuji Media said in a statement "the method, scale, timing, and other details" of possible investments in its property unit were being evaluated, and it would make an announcement once a decision has been taken. Blackstone, Bain and Warburg Pincus declined to comment. BGO did not respond to a Reuters request for comment. ROBUST JAPANESE MARKET The interest from global investment firms to acquire Sankei Building underscores Japan's status as one of the hottest real estate markets, thanks to strong demand for office tenancy and openness to foreign ownership and a weak yen. Land prices rose 1.5 per cent in the year to July 1, marking a fifth straight year of gains and maintaining the strongest pace of growth since the aftermath of the country's asset-price bubble more than three decades ago. Mergers and acquisitions targeting Japanese real estate assets totalled $15.5 billion as of October 5, up 45 per cent year-on-year and the highest level for the same period since 2013, LSEG data showed. The planned divestment of the property unit comes after Fuji Media faced pressure to offload real estate assets and unwind cross-shareholdings from activist investors including US-based Dalton Investments and funds linked to veteran Japanese activist Yoshiaki Murakami. In 2024 a Dalton affiliate said Fuji Media should consider going private - an option more Japanese firms are taking after the Tokyo Stock Exchange put in place stricter governance criteria. In February, the broadcaster bought back about 30 per cent of its shares or 235 billion yen's worth, allowing major activist shareholders to exit, and announced it would begin considering divesting its real estate holdings, including Sankei Building.
Bain exploring investment in Hong Kong's New World: sources. The private equity firm has been studying a potential deal that could also see the developer's controlling Cheng family inject fresh capital, they add Published Fri, Oct 2, 2026 · 06:18 PM * The construction site of State Pavilia, a residential complex developed by New World Development, in Hong Kong. The property giant has numerous residential, office and mall projects across the city and in mainland China. PHOTO: BLOOMBERG [HONG KONG] Bain Capital is exploring a potential investment in Hong Kong's New World Development as the embattled property company looks at ways to pay down its heavy debt burden, people with knowledge of the matter said. The private equity firm has been studying a potential deal that could also see New World's controlling Cheng family inject fresh capital, some of the people said. Discussions are ongoing and there's no certainty that Bain will decide to proceed with a transaction, the people said, asking not to be identified because the information is private. Shares of New World were volatile in Friday trading. They closed at HK$5.82 on the Hong Kong Stock Exchange. A representative for Bain declined to comment. Spokespeople for New World and the Cheng family didn't respond to requests for comment. New World, one of Hong Kong's oldest property giants, has numerous residential, office and mall projects across the city as well as mainland China. Like many developers in the region, it's been caught in a prolonged property downturn. Falling home prices, weak consumer sentiment, and a high interest rate environment have squeezed revenues and pushed up borrowing costs. New World's total debt was about HK$143 billion (US$18 billion) at the end of June, according to its latest results announcement. A portion of that debt is due in 2028. Asean intelligence. Get insights into businesses across South-east Asia Talks with Bain follow previous failed attempts by other global investors. Blackstone walked away from a US$4 billion tie-up with New World after the Cheng family refused to give up control of the company, Bloomberg News reported in May. New World announced this week that it's exiting a multibillion dollar project with Hong Kong's Airport Authority, which analysts said could increase the likelihood of an investor coming in to support New World with a capital injection. The company told shareholders that it took a HK$18.3 billion writedown from scrapping the 11 Skies retail and office complex, a major factor behind its third annual loss in a row. BLOOMBERG Share with us your feedback on BT's products and services