What is a regulatory compliance coordinator job?
A regulatory compliance coordinator is responsible for ensuring that a company is operating within the guidelines set forth by government regulations and industry standards. This includes keeping track of changes in laws and regulations, creating policies and procedures, and training employees on compliance issues.
What do regulatory compliance coordinators usually do in this position?
In a typical day, a regulatory compliance coordinator may review company policies and procedures to ensure they are in compliance with regulations, conduct audits and risk assessments, work with other departments to ensure compliance, and keep up-to-date on changes in regulations and industry standards. They may also be responsible for creating reports and presenting compliance information to management.
Top 5 skills for the position
- Attention to detail
- Strong communication skills
- Ability to analyze and interpret regulations
- Ability to work independently and as part of a team
- Strong organizational skills
How to become a regulatory compliance coordinator
A regulatory compliance coordinator typically needs a bachelor's degree in a related field, such as business administration or law. Some employers may also prefer candidates with a master's degree. Relevant work experience in compliance or regulatory affairs is also important. Certifications, such as the Certified Regulatory Compliance Manager (CRCM) designation, may be helpful in advancing in the field.
Average salary
According to Glassdoor, the national average salary for a regulatory compliance coordinator is $62,000 per year.
Roles and types
Regulatory compliance coordinators can work in a variety of industries, including healthcare, finance, and manufacturing. Some may specialize in specific areas, such as environmental compliance or financial regulations.
Locations with the most popular jobs in the USA
The top cities for regulatory compliance coordinator jobs in the USA include Washington D.C., New York City, Chicago, Boston, and San Francisco.
What are the typical tools used by regulatory compliance coordinators?
Regulatory compliance coordinators may use a variety of tools to manage compliance, including compliance software, document management systems, and risk assessment tools. They may also use spreadsheets and other software to manage data and create reports.
In conclusion
A regulatory compliance coordinator plays a vital role in ensuring that a company is operating within the guidelines set forth by laws and regulations. They must be detail-oriented, analytical, and able to communicate effectively with other departments. With the right education, experience, and certifications, a career in regulatory compliance coordination can be both challenging and rewarding.