Skills & Competencies for Product Regulatory Manager

Product Regulatory Manager job profile

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JOB SUMMARY for Product Regulatory Manager

Manages the teams and processes that ensure new and existing products comply with internal and external regulations and standards.

JOB RESPONSIBILITIES for Product Regulatory Manager

Analyzes regulatory requirements and audits project designs, plans, and processes to monitor compliance with current or upcoming regulations. Implements policies and procedures to prepare required filings for approvals, notifications, and testing data reporting in compliance with regulatory requirements. Manages and navigates regulatory changes to reduce the impacts of compliance on the organization. Remains up to date on industry trends and best practices for testing processes, labeling standards, and technical literature for legal or marketing. Liaises with regulatory agencies to address questions, provide additional information, or resolve issues with submissions.

Product Regulatory Manager SALARY RANGE

BASE 50%
$139,242
TOTAL 50%
$152,433
Job Level
M02
Job Code
LE11000107
Education/Degree
Bachelor's Degree
Reports To
Director

Product Regulatory Manager Skills and Competencies List

Proficiency Levels and Behavioural Indicators
Salary.com identifies five increasing levels of proficiency for each skill/competency. Some jobs require only a relatively low level of proficiency in each skill/competency, while other jobs will require a more advanced level of proficiency in the same skill/competency. These levels rate the degree of proficiency (skill level, expertise) we expect the incumbent to perform in the given skill/competency for the given job. Note that we intentionally do not associate timeframes or years of experience in performing the skill/competency because that can be misleading. Proficiency levels identify what the incumbent knows and can do rather than how long they have been doing it. Also, note that the proficiency levels are cumulative, e.g., a level 4 proficiency implies the ability to perform all the behaviors at the lower levels.
Check each Product Regulatory Manager skill and competencie below to view definitions.
JOB FAMILY COMPETENCIES CORE COMPETENCIES
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3 general skills or competencies (Job family competencies) for Product Regulatory Manager

1 Job Family Competencies – Records Management
Proficiency Level -3
Skill definition-Managing and preserving records to help an organization keep the documentation accessible for both business operations and compliance audits.
Level 1 Behaviors
(General Familiarity)
Lists security incident data into a record management system to ensure integrity.
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Level 2 Behaviors
(Light Experience)
Tracks inquiries using record management database-related problem documentation.
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Level 3 Behaviors
(Moderate Experience)
Utilizes document and data management systems to monitor and record all aspects of client casework.
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Level 4 Behaviors
(Extensive Experience)
Oversees the management of records to ensure confidentiality and security.
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Level 5 Behaviors
(Mastery)
Establishes procedures to facilitate a sustainable record management process.
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2 Job Family Competencies – Compliance Monitoring
Proficiency Level -3
Skill definition-Ensuring that the staff is following all policies and procedures in our business.
Level 1 Behaviors
(General Familiarity)
Lists the basic functions and features of the compliance monitoring system.
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Level 2 Behaviors
(Light Experience)
Supports the auditing and monitoring of business activities to ensure compliance with regulations.
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Level 3 Behaviors
(Moderate Experience)
Utilizes advanced tools to monitor potential compliance risks and adherence to the company policy.
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Level 4 Behaviors
(Extensive Experience)
Recommends improvement opportunities for compliance monitoring to achieve the objectives.
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Level 5 Behaviors
(Mastery)
Promotes the use of a compliance monitoring system to maintain adherence to rules and regulations.
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3 Product Regulatory Manager - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Product Regulatory Manager
Proficiency Level - 4
5 Competency for - Product Regulatory Manager
Proficiency Level - 5

13 soft skills or competencies (core competencies) for Product Regulatory Manager

1 Core Competencies – Industry Knowledge
Proficiency Level -2
Skill definition-Demonstrating thorough knowledge of the industry's value chain, business, issues, trends, etc., and the ability to apply them appropriately.
Level 1 Behaviors
(General Familiarity)
Names the primary regulatory agencies of the industry.
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Level 2 Behaviors
(Light Experience)
Incorporates industry knowledge and product expertise to conduct one's work.
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Level 3 Behaviors
(Moderate Experience)
Updates our organizational knowledge database to reflect the latest industry developments.
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Level 4 Behaviors
(Extensive Experience)
Serves as an industry expert with deep domain knowledge to solve critical operational issues.
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Level 5 Behaviors
(Mastery)
Predicts the evolution of industry regulations and potential implications to our business.
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2 Core Competencies – Products And Services
Proficiency Level -2
Skill definition-Knowledge of the full array of our organization's products and services including those that are created for internal customers; insight into the differentiating factors that distinguish them from those of competitors.
Level 1 Behaviors
(General Familiarity)
Illustrates how customers use our business's products and services.
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Level 2 Behaviors
(Light Experience)
Uses precise and appropriate terminology to explain the characteristics of the P/S.
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Level 3 Behaviors
(Moderate Experience)
Obtains information regarding the commonalities of diverse products and services within our business.
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Level 4 Behaviors
(Extensive Experience)
Proposes solutions to colleagues regarding implementation and operation-related considerations.
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Level 5 Behaviors
(Mastery)
Provides a full range of consulting for the product and service production team.
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3 Product Regulatory Manager - Skill and Competency
Proficiency Level - 3
4 Skill and Competency - Product Regulatory Manager
Proficiency Level - 4
5 Competency for - Product Regulatory Manager
Proficiency Level - 5

Summary of Product Regulatory Manager skills and competencies

There are 0 hard skills for Product Regulatory Manager.
3 general skills for Product Regulatory Manager, Records Management, Compliance Monitoring, Legal Analysis.
13 soft skills for Product Regulatory Manager, Industry Knowledge, Products And Services, Business Process Improvement, etc.
While the list totals 16 distinct skills, it's important to note that not all are required to be mastered to the same degree. Some skills may only need a basic understanding, whereas others demand a higher level of expertise.
For instance, as a Product Regulatory Manager, he or she needs to be proficient in Industry Knowledge, be proficient in Products And Services, and be proficient in Business Process Improvement.

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