Regulatory Strategy Manager in New York Career Overview

As a Regulatory Strategy Manager, your role is centered around guiding organizations through the complex landscape of regulations that govern their industries. You will be responsible for developing strategies that ensure compliance with both local and federal regulations, thereby mitigating risks and positioning your organization advantageously within the marketplace.

Key aspects of the role include:

  • Regulatory Analysis: You will analyze existing and emerging regulations to assess their potential impact on business practices and operational strategies.

  • Strategic Planning: Crafting regulatory strategies that not only comply with legal standards but also enhance the company’s competitive edge is integral to your position.

  • Cross-Functional Collaboration: You often work alongside various departments such as legal, operations, and marketing to ensure a unified approach toward compliance and regulatory strategy implementation.

  • Stakeholder Management: Engaging with internal and external stakeholders, including regulatory bodies, to foster relationships that facilitate smoother regulatory navigation.

  • Monitoring and Reporting: Keeping abreast of regulatory changes and trends is necessary for providing insights and recommendations. You will also be responsible for developing reports that communicate the regulatory landscape to senior management.

  • Training and Development: You may oversee training programs to ensure that employees understand applicable regulations and are prepared to meet compliance requirements.

Your function is vital as businesses increasingly face scrutiny regarding their compliance practices. By positioning yourself as an informed leader in regulatory matters, you play a key role in safeguarding your organization against potential legal challenges and operational disruptions.

Regulatory Strategy Manager Salary in New York

Annual Median: $154,170
Hourly Median: $74.12

Data sourced from Career One Stop, provided by the BLS Occupational Employment and Wage Statistics wage estimates.

Required Education To Become a Regulatory Strategy Manager in New York

To become a Regulatory Strategy Manager, you will need to pursue relevant educational qualifications and training. Here are some of the primary degree programs that can prepare you for this career:

  • Business Administration and Management: A bachelor's or master's degree in Business Administration equips you with a solid foundation in management principles, strategic planning, and organizational operations, which are essential for navigating regulatory landscapes.

  • Health Law: This specialized degree focuses on the intersection of healthcare and legal practices. A degree in Health Law provides an understanding of healthcare regulations, compliance issues, and the legal frameworks governing public health.

  • Law: Earning a Juris Doctor (JD) from an accredited law school offers you in-depth knowledge of legal systems, regulatory frameworks, and statutory interpretation, which is vital for any regulatory role, especially in industries subject to complex regulations.

  • Public Administration: A degree in Public Administration will help you understand the workings of government agencies and public sector regulations, which is beneficial for managing regulatory compliance in a governmental or non-profit context.

  • Public Policy Analysis: This program focuses on policy development, analysis, and evaluation. A degree in Public Policy equips you with skills in assessing regulatory impacts and formulating strategies to address policy-related challenges.

Completing any of these degree programs will provide you with the necessary educational foundation for a career as a Regulatory Strategy Manager.

Best Schools to become a Regulatory Strategy Manager in New York 2024

#1Maricopa County

University of Phoenix-Arizona

Phoenix, AZ

In-State Tuition:$9,552
Out-of-State Tuition:$9,552
Admission Rate:N/A
Graduation Rate:18%
Total Enrollment:88,891
#2Merrimack County

Southern New Hampshire University

Manchester, NH

In-State Tuition:$15,000
Out-of-State Tuition:$15,000
Admission Rate:96%
Graduation Rate:41%
Total Enrollment:164,091
#3Salt Lake County

Western Governors University

Salt Lake City, UT

In-State Tuition:$7,404
Out-of-State Tuition:$7,404
Admission Rate:N/A
Graduation Rate:49%
Total Enrollment:156,935
#4El Paso County

Colorado Technical University-Colorado Springs

Colorado Springs, CO

In-State Tuition:$12,036
Out-of-State Tuition:$12,036
Admission Rate:N/A
Graduation Rate:20%
Total Enrollment:24,808
#5Maricopa County

Grand Canyon University

Phoenix, AZ

In-State Tuition:$16,407
Out-of-State Tuition:$16,407
Admission Rate:78%
Graduation Rate:45%
Total Enrollment:101,816
#6Lynchburg City

Liberty University

Lynchburg, VA

In-State Tuition:$15,467
Out-of-State Tuition:$15,467
Admission Rate:99%
Graduation Rate:66%
Total Enrollment:96,709
Regulatory Strategy Manager Job Description:
  • Plan, direct, or coordinate production activities of an organization to ensure compliance with regulations and standard operating procedures.

Regulatory Strategy Manager Required Skills and Competencies in New York

  • Regulatory Knowledge: You must possess a deep understanding of relevant regulations and guidelines that govern your industry, including local, state, and federal laws.

  • Analytical Skills: Strong analytical abilities are essential. You will need to assess complex regulatory requirements and identify compliance risks while also evaluating their impact on business operations.

  • Strategic Thinking: You should have the capacity to develop long-term regulatory strategies that align with your organization’s goals, helping to navigate through evolving regulatory landscapes.

  • Communication Skills: Effective verbal and written communication skills are crucial. You will need to articulate regulatory issues clearly to various stakeholders, including senior management and external regulatory bodies.

  • Project Management: Proficiency in project management is necessary, as you will lead and coordinate multi-disciplinary teams to implement compliance initiatives and regulatory changes.

  • Attention to Detail: A keen eye for detail is vital when reviewing regulatory documents and reports, ensuring accuracy and completeness.

  • Problem-Solving Skills: Strong problem-solving abilities enable you to address compliance challenges efficiently and effectively, proposing solutions that balance regulatory demands with business needs.

  • Interpersonal Skills: You will interact with a diverse range of individuals, so strong interpersonal skills are important for building relationships and fostering collaboration across departments.

  • Adaptability: The regulatory environment can change rapidly. You should be adaptable and open to adjusting strategies and approaches as new regulations or industry challenges arise.

  • Technical Proficiency: Familiarity with regulatory compliance software and data analysis tools will enhance your ability to manage and report on compliance status.

  • Risk Management: Understanding risk management principles is important, as you will need to assess compliance risks and develop mitigation strategies.

  • Negotiation Skills: The ability to negotiate with regulatory agencies and stakeholders can be beneficial, helping you advocate for your organization's interests while conforming to compliance requirements.

Job Duties for Regulatory Strategy Managers

  • Direct the preparation and submission of regulatory agency applications, reports, or correspondence.

  • Provide responses to regulatory agencies regarding product information or issues.

  • Review all regulatory agency submission materials to ensure timeliness, accuracy, comprehensiveness, or compliance with regulatory standards.

Technologies and Skills Used by Regulatory Strategy Managers

Compliance software

  • Aris Global Register
  • Thomson Reuters Liquent InSight Suite

Document management software

  • Adlib Express
  • Adobe Acrobat

Presentation software

  • Microsoft PowerPoint

Basic Skills

  • Reading work related information
  • Talking to others

People and Technology Systems

  • Figuring out how a system should work and how changes in the future will affect it
  • Thinking about the pros and cons of different options and picking the best one

Problem Solving

  • Noticing a problem and figuring out the best way to solve it

Job Market and Opportunities for Regulatory Strategy Manager in New York

The job market for Regulatory Strategy Managers in New York is demonstrating promising growth and strong demand. Several factors contribute to this trend:

  • Increased Regulatory Scrutiny: Industries such as pharmaceuticals, finance, and biotech are facing heightened regulatory requirements. Organizations are actively seeking professionals who can navigate complex regulatory landscapes effectively.

  • Emergence of New Regulations: With advancements in technology and shifts in public policy, new regulations are continually being introduced. This evolution requires skilled professionals to develop and implement strategies that ensure compliance.

  • Diverse Industries: Regulatory Strategy Managers are sought across various sectors, including healthcare, environmental compliance, and financial services. Each industry presents unique challenges and opportunities for career advancement.

  • Growth Potential: The demand for Regulatory Strategy Managers is expected to increase as companies prioritize compliance in their operational strategies. This trend bodes well for career advancement and job security.

  • Geographical Hotspots:

    • New York City: As a financial hub and center for international business, NYC offers numerous opportunities in corporate compliance, particularly within banking and investment sectors.
    • Westchester County: Home to many pharmaceutical and biotech companies, Westchester is a key area for roles focused on healthcare regulations.
    • Long Island: The region has a growing number of life sciences companies that are in need of regulatory expertise to navigate FDA approvals and compliance.
    • Albany: As the state capital, Albany is significant for regulatory professionals looking to engage with government agencies and public policy development.

  • Networking Opportunities: The concentration of industries in New York creates ample networking opportunities for regulatory professionals. Joining industry associations and attending conferences can enhance visibility and career prospects.

Overall, the regulatory landscape in New York presents a strong environment for individuals pursuing a career as a Regulatory Strategy Manager, with a wide array of opportunities to leverage their expertise.

Top Related Careers to Regulatory Strategy Manager 2024

Compliance Operations Director
Compliance and Quality Assurance Manager
Regulatory Compliance Coordinator
Production Compliance Director

Additional Resources To Help You Become a Regulatory Strategy Manager in New York

  • Regulatory Affairs Professionals Society (RAPS)
    An essential resource for professionals in regulatory affairs, offering training, certification, and networking opportunities.
    Visit RAPS

  • Food and Drug Administration (FDA)
    The primary federal agency responsible for regulating food, drugs, and medical devices in the U.S. Their website provides access to guidelines and regulatory information essential for anyone in the regulatory strategy field.
    Visit FDA

  • European Medicines Agency (EMA)
    Although focused on the EU, this agency provides valuable insights into international regulatory practices, which can inform your U.S. strategy.
    Visit EMA

  • U.S. Department of Health and Human Services (HHS)
    HHS includes various regulatory initiatives that may impact pharmaceutical and healthcare industries. Their resources can be useful for understanding the broader regulatory environment.
    Visit HHS

  • Society of Corporate Compliance and Ethics (SCCE)
    A resource for compliance practices that often intersect with regulatory strategy, providing training certifications and valuable publications.
    Visit SCCE

  • International Organization for Standardization (ISO)
    Offers standards relevant to regulatory compliance and quality management, which can be significant for strategic decision-making.
    Visit ISO

  • Association of Clinical Research Organizations (ACRO)
    A trade organization representing organizations involved in clinical research which can provide insight into regulatory strategies in clinical trials.
    Visit ACRO

  • Harvard Law School - Petrie-Flom Center
    This center conducts research and publishes reports on health law and regulatory issues, which can provide valuable context and insight.
    Visit Harvard Law

  • Journals and Publications
    Consider subscribing to journals that focus on regulatory affairs and compliance, such as the "Regulatory Affairs Journal" or "The Journal of Regulatory Science."

  • LinkedIn Groups
    Join LinkedIn groups focused on regulatory affairs. They can be a wealth of knowledge-sharing and networking opportunities with industry professionals. Some notable groups include "Regulatory Affairs Network" and "Clinical Research & Regulatory Affairs."

These resources will support your professional development and keep you updated on best practices, trends, and regulatory changes relevant to your career as a Regulatory Strategy Manager.

Frequently Asked Questions (FAQs) About Regulatory Strategy Manager in New York

  • What does a Regulatory Strategy Manager do?
    A Regulatory Strategy Manager develops and implements strategies to ensure compliance with laws and regulations applicable to a specific industry. This role involves analyzing regulatory changes, advising on best practices, and working closely with internal stakeholders to align business objectives with compliance requirements.

  • What qualifications are required for this position?
    Typically, a bachelor’s degree in a relevant field such as law, business, life sciences, or public policy is required. Many employers also prefer candidates with a master's degree or an advanced professional certification in regulatory affairs. Relevant experience in compliance, legal, or regulatory roles is often essential.

  • What skills are most important for a Regulatory Strategy Manager?
    Key skills include:
    • Strong analytical and problem-solving abilities
    • Excellent communication and interpersonal skills
    • In-depth knowledge of regulatory frameworks and policies
    • Project management skills
    • Attention to detail and ability to prioritize tasks

  • What industries commonly hire Regulatory Strategy Managers?
    Regulatory Strategy Managers are primarily employed in industries such as pharmaceuticals, biotechnology, medical devices, food and beverage, energy, and financial services. Any sector that is subject to regulation may require this expertise.

  • How does one advance a career in regulatory strategy?
    To advance your career, focus on gaining diverse experience in regulatory roles, pursue certifications such as Regulatory Affairs Certification (RAC), and seek opportunities for leadership roles within your organization. Networking with professionals in the field can also help in discovering new opportunities.

  • What are the typical job responsibilities of a Regulatory Strategy Manager?
    Responsibilities often include:

    • Monitoring and interpreting legislative changes and regulatory trends
    • Collaborating with cross-functional teams to develop compliance strategies
    • Ensuring timely submissions and communications with regulatory agencies
    • Conducting risk assessments and audits
    • Developing training programs for staff on compliance issues

  • What is the job outlook for Regulatory Strategy Managers in New York?
    The job outlook for Regulatory Strategy Managers in New York is generally positive, driven by the need for compliance in heavily regulated industries. Demand is expected to rise, particularly as new regulations are enacted and businesses seek to maintain compliance.

  • What is the average salary for a Regulatory Strategy Manager in New York?
    As of 2023, the average salary for a Regulatory Strategy Manager in New York typically ranges between $100,000 and $160,000 annually, depending on experience, industry, and the size of the organization.

  • Is remote work common for this role?
    While some companies offer remote or hybrid work opportunities for Regulatory Strategy Managers, it often depends on the organization's culture and the nature of the regulatory environment. Many roles may require some level of on-site presence, especially for compliance oversight.

  • What are the biggest challenges faced in this role?
    Common challenges include keeping up with rapidly changing regulations, managing compliance across various jurisdictions, and ensuring that corporate strategies align with regulatory requirements. Balancing business objectives with regulatory constraints can also be demanding.

  • What resources are recommended for staying updated on regulatory changes?
    Recommended resources include:

    • Industry publications and journals
    • Professional organizations such as the Regulatory Affairs Professionals Society (RAPS)
    • Government agency newsletters and updates
    • Webinars and industry conferences focused on regulatory issues