Regulatory Compliance, Principal

Blue Owl Capital•Short Hills, NJ

7d•$215,000 - $225,000•Onsite

About The Position

The Blue Owl Compliance Department is seeking an experienced Principal for its Regulatory Compliance team. The candidate will report to the team lead and be responsible for managing key workstreams focused on compliance with the Investment Company Act of 1940, including compliance support for Blue Owl’s Business Development Companies (BDCs), registered closed-end funds, and other 1940 Act products, among other areas. The role will also encompass governance of Blue Owl Board and Audit Committee processes, director obligations (including D&O matters), and coordination of regulatory and governance deliverables across Blue Owl’s public company and registered fund platforms. In addition, the candidate will support a range of workstreams including fee and expense governance, as well as cross-functional compliance initiatives such as ESG, cybersecurity, AI governance, and data privacy. This role requires close collaboration with Legal, Finance, Operations, and other business stakeholders across the firm. The ideal candidate must be detail-oriented with strong knowledge of the 1940 Act regulatory framework and public company corporate governance practices. The candidate should have the ability to lead and execute complex projects in a timely manner, working with the larger team across the Compliance Department, Legal, and the firm’s Board of Directors.

Requirements

Bachelor’s degree or higher
10+ years of work experience in investment management, financial services, or industry-related compliance, with deep expertise in the 1940 Act and related rules
Experience in private markets, alternative investments, real assets, and/or private funds; prior experience supporting BDC, registered closed-end fund, or public company boards a plus
Excellent organizational, oral and written communication skills, including the ability to effectively present to senior leadership
Ability to effectively drive solutions throughout the firm and present ideas in an effective, consensus-driven manner
Ability to develop and foster strong interpersonal relationships and to maintain effective cross-functional business relationships throughout the firm
Detail-oriented with the ability to assess and prioritize projects, manage multiple workstreams simultaneously, and escalate issues appropriately

Nice To Haves

prior experience supporting BDC, registered closed-end fund, or public company boards a plus

Responsibilities

Lead key components of the firm’s 1940 Act compliance framework for BDCs, registered closed-end funds, and other registered investment products, including coordination of regulatory requirements and ongoing compliance processes
Manage D&O compliance matters for both the corporate Board and registered fund Boards, including director questionnaires, related party transaction monitoring and disclosure, and Section 16 reporting requirements
Coordinate Board and Audit Committee governance processes, including preparation and review of materials and follow-up on key matters
Monitor regulatory developments and SEC guidance affecting registered investment products and advise stakeholders on compliance implications and required policy updates
Assist in development and enhancement of the compliance program for 1940 Act registered products, including providing support for new product development, fund launches, and implementation of new regulations
Own the compliance framework for fee and expense governance, including allocation methodologies, monitoring, disclosures, and ongoing oversight in coordination with Finance, Legal, and the business
Support cross-functional compliance initiatives, including ESG, cybersecurity, AI governance, and data privacy
Drive strategic and ad hoc compliance initiatives, mentor junior team members, and serve as a trusted advisor to Compliance leadership and the broader firm