Discover the essential requirements, duties, responsibilities, and skills needed for a Regulatory Compliance Specialist job description.
What does a Regulatory Compliance Specialist do?
A regulatory compliance specialist is responsible for making sure that organizations follow specific rules, standards, regulations, and laws. They look at how a company operates, create and enforce plans to follow the rules, and manage risks related to regulations. They can work for a company or be hired as a consultant.
Job Description
We are looking for a regulatory compliance specialist who can help us follow regulations and develop strategies to comply with them. You will review documents and procedures, work with different people both inside and outside the company to address compliance issues, and conduct audits to check for compliance.
To be successful in this role, you need to have experience in coordinating regulatory compliance and a deep understanding of the industry. A good regulatory compliance specialist is someone who can make sure we follow regulations and maintain a good reputation for our company.
Job Duties and Responsibilities
- Talk to executives, managers, and employees to find out what compliance issues are important.
- Review documents, processes, and practices to make sure we are following regulations.
- Create and implement strategies to comply with regulations.
- Coordinate compliance procedures throughout the company.
- Train others on how to follow compliance practices and procedures.
- Keep an eye on compliance and take action to manage any risks.
- Conduct audits to check for compliance and write reports.
- Document compliance processes and keep records.
- Stay up-to-date on any changes to regulations and new developments in the regulatory environment.
Requirements and Qualifications
- A Bachelor's degree in a field related to regulatory compliance.
- An accredited certification in regulatory and compliance assurance is a plus.
- More than five years of work experience in the relevant industry.
- At least three years of experience as a regulatory compliance specialist or in a similar role.
- Extensive knowledge of industry regulations and laws.
- Proficiency in using office and compliance management software.
- Excellent skills in analyzing, investigating, and organizing information.
- Great communication and interpersonal abilities.
Regulatory Compliance Specialist Salary
The earning potential of a Regulatory Compliance Specialist can vary significantly based on factors such as geographic location, industry, professional experience, educational background, and the specific employer. On average, the annual salary for an Regulatory Compliance Specialist in the United States is approximately $80593.
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