Regulatory Analyst Salary
The average pay for a Regulatory Analyst is $60,757 per year. Most people with this job move on to other positions after 20 years in this career.
Job Description for Regulatory Analyst
Fines and negative consequences that may result from a company operating outside of existing government regulations may be damaging and potentially result in the business ceasing operations. To prevent this, many companies — especially in the financial industry — employ one or more regulatory analysts. Individuals in this position help ensure business operations comply with existing government laws and regulations. They examine proposed new laws and regulations to ensure future compliance and make the company aware of potential new laws that may impact it.Read More...
Primarily, the regulatory analyst looks at the company's operations and makes recommendations to ensure these systems operate within applicable government rules. The analyst usually works with a staff to conduct audits on a variety of processes to assess the opportunity for malfeasance or mistakes that may conflict with applicable laws. The analyst is expected to generate reports that inform upper management of areas that need to come into better compliance. Additionally, the analyst may be asked to read over company reports before they are issued to ensure that regulated information is verified and presented accurately.
The government also uses regulatory analysts to investigate companies suspected of operations that conflict with existing laws. In this capacity, the analyst schedules audits and inspections of companies' recordkeeping and reporting. The analyst typically issues a report on compliance that can be used by enforcement and other investigative agencies if further action is deemed necessary.
To work as a regulatory analyst, a person must typically possess at least a bachelor's degree in accounting, finance, business, or a related field. Employers look for practical experience in auditing and hands-on work within regulatory departments of companies. Private regulatory analysts generally work in an office, perhaps with some travel required; government regulatory analysts should consider regular travel to be part of the job.
Regulatory Analyst Tasks
- Prepare, review, and file regulatory documents.
- Research and make recommendations on regulatory policy.
- Support company in regulatory matters.
- Evaluate compliance with regulatory policy and procedures.
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