Organizations' employees must adhere to internal guidelines, and the organization must conform to governmental regulations as well. The regulatory compliance officer is in charge of ensuring those rules are known and followed. These managers may work for a specific organization or for a government agency; their duties may vary depending on the position. However, basic duties include conducting consistent and/or random monitoring to inspect an organization's operations, assess how compliant these operations are with rules and regulations, and offer feedback to those being inspected and those in charge so that appropriate changes may be made. Compliance officers also examine reports of activities that may indicate non-compliance and follow up on them. They complete reports for their employer as well, and they may be required to make formal presentations to managers. Regulatory compliance officer's must have a thorough understanding of the regulations related to their hiring organization; they must keep up to date on changes to those rules as well. Requirements for regulatory compliance manager positions vary by employer. A bachelor's degree in a related field may be required; a law degree may be required as well. Previous experience in a similar position is generally required or preferred. Regulatory compliance managers must pay strong attention to detail, have excellent problem solving skills, and be able to assess situations and departments objectively.

The role of Regulatory Compliance Manager is projected to experience significant growth in the Singapore market. According to a 10-year analysis, this job role is expected to see a substantial increase in demand. With the increasing focus on regulatory frameworks and compliance requirements, more companies are realizing the need for professionals in this field. This trend is likely to continue, leading to a rise in the number of employment opportunities for Regulatory Compliance Managers in the future.

How to Learn

As a Regulatory Compliance Manager with 6-9 years of experience in Singapore, your main responsibilities are:<ul><li> Ensure compliance with regulatory requirements, laws, and guidelines. Implement and maintain compliance programs to ensure adherence to legal and regulatory obligations.</li><li> Develop and update policies and procedures in accordance with changing regulations. Continuously review and revise organizational policies and procedures to align with evolving regulatory frameworks.</li><li> Conduct internal audits, risk assessments, and investigations to identify and mitigate compliance risks. Evaluate internal processes and systems to identify potential compliance risks and develop strategies to manage and mitigate them.</li><li> Provide training and education to employees on compliance-related matters.</li></ul>

Roles & Responsibilities

Average take home Salary for a Regulatory Compliance Manager in Singapore is around S$103020 per year

Salary Breakup

Organizations' employees must adhere to internal guidelines, and the organization must conform to governmental regulations as well. The regulatory compliance officer is in charge of ensuring those rules are known and followed. These managers may work for a specific organization or for a government agency; their duties may vary depending on the position. However, basic duties include conducting consistent and/or random monitoring to inspect an organization's operations, assess how compliant these operations are with rules and regulations, and offer feedback to those being inspected and those in charge so that appropriate changes may be made. Compliance officers also examine reports of activities that may indicate non-compliance and follow up on them. They complete reports for their employer as well, and they may be required to make formal presentations to managers. Regulatory compliance officer's must have a thorough understanding of the regulations related to their hiring organization; they must keep up to date on changes to those rules as well.

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Regulatory Compliance Manager

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