Career Definition of a Regulatory Affairs Manager
Many industries must comply with government regulations. These can be federal, state or municipal requirements that dictate how certain aspects of their business must be handled. Regulatory affairs managers are responsible for ensuring that their organization is adhering to applicable regulations.
Regulatory affairs managers help develop strategies to ensure regulation compliance. They also make sure that necessary documentation is completed and submitted. In some respects they form a conduit between regulatory bodies and the divisions within their company because their role involves keeping each department informed of applicable regulations and what needs to be done to ensure the regulations are fully and properly followed. Regulatory affairs managers can influence the standards for a company's operating procedures and they also help develop company policies concerning how the business operates.
|Educational Requirements||Bachelor's degree|
|Job Skills||Computer skills, legal knowledge, management skills, administrative skills, communication skills, problem-solving skills, strategic planning skills|
|Median Salary (2017)*||$96,891|
|Job Outlook (2016-2026)**||8% (managers, all other)|
Sources: *PayScale; **U.S. Bureau of Labor Statistics
A bachelor's degree is required to become a regulatory affairs manager. Those interested in this field may benefit from taking studies that include courses in business administration and business law because they need legal knowledge and they also need to have management skills. Regulatory affairs managers should be familiar with computer database programs and compliance programs such as Aris Global Register. The specific type of software used may vary based on the type of industry the regulatory affairs manager works in.
Regulatory affairs managers need computer skills and written communication skills in order to complete the reports and paperwork required by regulatory bodies. They also need to have effective communication skills so that they can keep other managers and department heads informed of regulations and policies that they must comply with. Problem solving and strategic planning skills are important because they are used by regulator affairs managers to break down areas in which procedures need to change in order to comply with regulations and then develop an action plan to move the department into compliance.
Career Outlook and Salary
The U.S. Bureau of Labor Statistics (BLS) classifies regulatory affairs managers with 'managers, all other' in their employment statistics. From 2016 to 2026 the BLS expects managers in this group to see job growth of 8%. PayScale reported a median annual income of $96,891 for regulatory affairs managers in 2017.
Those interested in being regulatory affairs managers may also be interested in other business management opportunities or pursuing work in the legal field. Learn more about what business lawyers, management analysts and human resource specialists do by following the links provided here.