Regulatory Compliance Specialist Job Description [Updated for 2025]

In the era of stringent rules and regulations, the need for Regulatory Compliance Specialists has never been more critical.

As businesses navigate an increasingly complex regulatory landscape, the demand for skilled professionals who can understand, implement, and ensure adherence to legal standards continues to grow.

But what exactly does a Regulatory Compliance Specialist do?

Whether you are:

• A job seeker looking to understand the core responsibilities of this role,
• A hiring manager trying to define the perfect candidate,
• Or simply interested in the intricacies of regulatory compliance,

You’ve come to the right place.

Today, we present a customizable Regulatory Compliance Specialist job description template, designed for effortless posting on job boards or career sites.

Let’s delve right into it.

Regulatory Compliance Specialist Duties and Responsibilities

Regulatory Compliance Specialists are responsible for ensuring that organizations comply with all applicable rules, regulations, and laws.

They work in a variety of industries including finance, healthcare, and manufacturing among others.

They are responsible for ensuring that an organization’s processes, policies, and behaviors meet regulatory requirements.

The duties and responsibilities of a Regulatory Compliance Specialist include:

• Analyzing and understanding regulatory guidelines and standards applicable to the organization
• Developing, implementing, and managing compliance programs in accordance with regulatory requirements
• Conducting internal audits and reviews to ensure compliance
• Identifying areas of non-compliance and developing action plans to rectify them
• Reporting to management on compliance status and any necessary changes
• Training staff on compliance procedures and requirements
• Keeping up-to-date with changes in regulatory guidelines and standards
• Preparing for and managing regulatory inspections or audits
• Creating and maintaining documentation evidencing compliance
• Working with various departments to ensure they understand and adhere to compliance standards

 

Regulatory Compliance Specialist Job Description Template

Job Brief

We are seeking a detail-oriented Regulatory Compliance Specialist to ensure our company adheres to legal standards and in-house policies.

In this role, you will be responsible for enforcing regulations in all aspects and levels of business as well as providing guidance on compliance matters.

A great Regulatory Compliance Specialist is well-versed in legal guidelines and corporate governance.

Our ideal candidate will have high ethical standards and a strong knowledge of regulatory compliance procedures.

 

Responsibilities

• Develop and implement company policies and regulations
• Understand and apply legal requirements and controls (e.g. GDPR)
• Assess the company’s operations to determine compliance risk
• Ensure ongoing company regulatory compliance
• Ensure all employees are educated on the latest regulations and processes
• Resolve employee concerns about legal compliance
• Prepare and present compliance reports to top management
• Stay up-to-date with regulatory developments within or outside of the company as well as evolving best practices in compliance control

 

Qualifications

• Proven experience as a Compliance Officer or Compliance Specialist
• Excellent knowledge of reporting procedures and record keeping
• A business acumen partnered with a dedication to legality
• Methodical and diligent with outstanding planning abilities
• An analytical mind able to “see” the complexities of procedures and regulations
• Excellent communication skills
• BSc/BA in law, finance, business administration or related field
• Certified compliance professional is a plus

 

Benefits

• 401(k)
• Health insurance
• Dental insurance
• Retirement plan
• Paid time off
• Training and development opportunities

 

Additional Information

• Job Title: Regulatory Compliance Specialist
• Work Environment: Office setting with some remote work flexibility. Some travel may be required for company-wide meetings or training sessions.
• Reporting Structure: Reports to the Compliance Manager or Chief Compliance Officer.
• Salary: Salary is based upon candidate experience and qualifications, as well as market and business considerations.
• Pay Range: $70,000 minimum to $105,000 maximum
• Location: [City, State] (specify the location or indicate if remote)
• Employment Type: Full-time
• Equal Opportunity Statement: We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
• Application Instructions: Please submit your resume and a cover letter outlining your qualifications and experience to [email address or application portal].

 

What Does a Regulatory Compliance Specialist Do?

Regulatory Compliance Specialists primarily work for companies across various industries, including healthcare, financial services, and manufacturing, among others.

They may also work for government agencies or as independent consultants.

Their main role is to ensure that an organization is in full compliance with all the industry’s regulatory requirements.

They achieve this by evaluating the company’s procedures and practices to identify possible risks or non-compliance issues.

Regulatory Compliance Specialists are also responsible for developing, implementing, and managing an organization’s compliance program.

They establish protocols for all departments to follow, ensuring the organization meets all legal and regulatory standards.

They also conduct regular audits, prepare detailed reports and keep updated with new or changing laws and regulations that might affect the company.

In the event of non-compliance, they work closely with the management team to devise action plans and strategies to correct the discrepancies and prevent future violations.

These specialists also provide training to employees about compliance-related topics, policies, or procedures, ensuring all staff members are aware of their compliance responsibilities.

Their ultimate goal is to help the organization avoid any legal challenges or penalties that might arise from non-compliance.

 

Regulatory Compliance Specialist Qualifications and Skills

A competent Regulatory Compliance Specialist needs to have the following qualifications and skills:

• In-depth understanding of legal guidelines and corporate governance best practices in the industry they are working in.
• Excellent knowledge and understanding of regulatory law and the ability to comprehend and interpret regulatory statutes.
• Strong analytical skills to understand complex regulatory documents and provide practical compliance solutions.
• Exceptional communication skills, both verbal and written, to interact effectively with different business units and external regulatory bodies.
• Highly organized with the ability to handle multiple tasks, work under pressure and meet regulatory deadlines.
• Demonstrated project management skills to oversee and manage compliance audits and investigations.
• Attention to detail to ensure all compliance aspects are covered and nothing is overlooked.
• Problem-solving skills to identify and rectify any potential compliance issues before they become problematic.
• Advanced computer skills for regulatory research, data analysis, and reporting.
• A degree in Law, Business Administration, or relevant field, and industry-specific certifications.

 

Regulatory Compliance Specialist Experience Requirements

Regulatory Compliance Specialists generally require a bachelor’s degree in business administration, finance, or a related field.

Aspiring candidates can gain initial experience through internships or entry-level roles in corporate compliance or legal departments.

Entry-level candidates typically have about 1 to 2 years of experience, often through roles like Compliance Assistant, Legal Assistant, or Junior Analyst.

They can gain in-depth knowledge about various rules and regulations by working closely with experienced professionals in the field.

Candidates with 3 to 5 years of experience usually have expanded their skills in areas such as conducting compliance audits, developing policies and procedures, and ensuring that the organization complies with applicable laws and regulations.

Those with more than 5 years of experience are often proficient in managing complex compliance issues and have developed their decision-making and leadership skills.

They may have also gained specialist knowledge in specific regulatory areas such as banking, healthcare, or environmental regulations.

These seasoned professionals may be ready for senior or managerial roles in compliance, where they would be responsible for overseeing an organization’s entire regulatory compliance program.

 

Regulatory Compliance Specialist Education and Training Requirements

Regulatory Compliance Specialists typically hold a bachelor’s degree in business, finance, law or a related field.

These programs provide a strong foundation in understanding business operations, legal frameworks, and the regulatory environment, preparing students for the responsibilities of regulatory compliance.

Knowledge in areas such as business law, accounting, risk management, and ethics is crucial for this role.

Many employers also require a few years of experience in areas such as compliance, auditing, risk management, or regulatory affairs.

To gain this experience, individuals may start in entry-level positions within these departments.

Certification is not typically required, but it can enhance job prospects.

Certifications such as the Certified Regulatory Compliance Manager (CRCM) or the Certified Compliance & Ethics Professional (CCEP) can demonstrate a specialist’s commitment to the field and can provide an additional level of assurance to employers.

In addition to formal education and training, Regulatory Compliance Specialists need to stay updated on changing regulations, which often requires ongoing training and professional development.

Some positions, especially those in highly regulated industries like healthcare or financial services, may require a master’s degree in business administration, law, or a related field.

The degree should have a focus on compliance or regulatory affairs.

Lastly, strong analytical, communication, and problem-solving skills are crucial for success in this field.

 

Regulatory Compliance Specialist Salary Expectations

A Regulatory Compliance Specialist typically earns an average salary of $69,050 (USD) per year.

The actual salary can vary greatly based on factors such as years of experience, specific skills, and the location of the job.

Additional compensation, like bonuses and profit sharing, can also influence the total pay.

 

Regulatory Compliance Specialist Job Description FAQs

What skills does a Regulatory Compliance Specialist need?

Regulatory Compliance Specialists need to have a deep understanding of regulatory laws and rules applicable in their industry.

They should possess excellent analytical skills to comprehend complex regulations and apply them to organizational policies.

Good communication skills are essential for interacting with various departments, presenting findings, and recommending changes.

They should also have a detail-oriented approach to carry out compliance audits and generate accurate reports.

 

Do Regulatory Compliance Specialists need a degree?

Most Regulatory Compliance Specialists are required to have a bachelor’s degree in law, business, finance, or a related field.

A Master’s degree or professional certification in regulatory compliance or a related discipline can give candidates an edge.

Experience in the industry and a solid understanding of the regulatory environment is also critical.

 

What should you look for in a Regulatory Compliance Specialist resume?

Look for a strong educational background in a relevant field and experience in a similar role.

It’s crucial that they have experience in interpreting and implementing regulations, conducting compliance audits, and liaising with regulatory bodies.

Knowledge of and experience with risk management and corporate governance can also be advantageous.

Certification from a recognized body in the field of compliance is a plus.

 

What qualities make a good Regulatory Compliance Specialist?

A good Regulatory Compliance Specialist is detail-oriented, has a high level of integrity, and is committed to maintaining the highest standards of compliance within the organization.

They should have strong analytical skills to interpret regulations and apply them to company policies.

Excellent communication and interpersonal skills are essential to effectively liaise between different departments and regulatory bodies.

 

Is it difficult to hire Regulatory Compliance Specialists?

Hiring a Regulatory Compliance Specialist can be challenging as it requires finding a candidate who not only has a deep understanding of regulations applicable to the industry but also possesses the skills to apply them effectively within the organization.

They also need to have excellent communication and analytical skills.

To attract such candidates, companies may need to offer competitive compensation packages and opportunities for career growth.

 

Conclusion

And there we have it.

Today, we have unboxed the intricacies of being a Regulatory Compliance Specialist.

Surprise, surprise?

It’s not just about understanding laws and guidelines.

It’s about sculpting the roadmap of regulatory compliance, one policy at a time.

With our reliable Regulatory Compliance Specialist job description template and real-life examples, you’re fully equipped to take the next step.

But why halt your journey here?

Dig deeper with our job description generator. It’s your ultimate tool for creating razor-sharp job listings or optimizing your resume to perfection.

Remember:

Every policy is a stepping stone towards a compliant future.

Let’s shape that future. Together.

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