In light of these growing demands, regulatory professionals believe that balancing it all and staying agile in the face of shifting priorities will be their greatest challenge in the medium-term.
Looking ahead to the next 12-18 months, regulatory professionals have identified several areas that will continue to impact their team’s responsibilities and resources. Top challenges are all related to juggling their growing workloads, including balancing competing requests, managing team commitments and tasks, adjusting processes and expectations with new regulations or partnerships, and implementing and enforcing policies to adhere to new and existing guidance.
Administrative duties are also adding to their plate, such as tracking priorities and alignment with regulatory activities.
This is in line with with past Regulatory Trends Studies, in which regulatory professionals indicated that major sources of increased work included adjusting processes/expectations (31%), managing team commitments and tasks (25%), and tracking priorities and alignment (24%).