Regulatory Taxonomy Specialist

Career Guide
A Regulatory Taxonomy Specialist builds and maintains the data definitions and reporting structures that organizations use to meet regulatory reporting requirements. The role sits between compliance, business teams, and technology to ensure reported data is consistent, traceable, and aligned with regulator rules.

Key Responsibilities

  • Translate regulatory reporting rules into clear data definitions
  • Maintain a regulatory data dictionary and business glossary
  • Design and update taxonomy structures for regulatory submissions
  • Map internal data fields to regulatory reporting fields
  • Partner with compliance to interpret new rules and updates
  • Coordinate testing and validation of taxonomy changes before filing deadlines
  • Document lineage from source systems to reported figures
  • Support audit and regulator questions with clear evidence and change history
  • Monitor regulatory updates and assess impact on reporting data
  • Improve governance for data standards, naming, and definitions

Top Skills for Success

Regulatory Interpretation
Data Governance
Taxonomy Design
Metadata Management
Data Mapping
Data Quality Management
Documentation
Stakeholder Management
Requirements Gathering
Change Management
SQL
Risk Awareness

Career Progression

Can Lead To
Regulatory Reporting Manager
Data Governance Manager
Metadata Manager
Data Quality Lead
Regulatory Change Lead
Transition Opportunities
Compliance Program Manager
Data Product Manager
Business Analyst Lead
Enterprise Data Architect
Risk and Controls Manager

Common Skill Gaps

Often Missing Skills
Hands-on taxonomy tooling experienceRegulatory reporting domain depthData lineage documentationTest planning for reporting changesVersion control discipline
Development SuggestionsBuild comfort with one common taxonomy and metadata tool used in your target industry, practice mapping exercises from source fields to regulatory fields, and strengthen end to end documentation so changes can be audited and explained quickly.

Salary & Demand

Median Salary Range
Entry LevelUSD 80,000 to 110,000
Mid LevelUSD 110,000 to 150,000
Senior LevelUSD 150,000 to 200,000
Growth Trend
Steady growth, driven by increasing regulatory scrutiny, higher reporting frequency, and stronger expectations for data quality and traceability.

Companies Hiring

Major Employers
JPMorgan ChaseBank of AmericaCitigroupWells FargoGoldman SachsMorgan StanleyHSBCBarclaysBNP ParibasDeutsche BankBlackRockVanguardState StreetNorthern TrustDeloittePwCEYKPMG
Industry Sectors
Retail BankingInvestment BankingAsset ManagementInsuranceFinancial Market InfrastructureFinancial TechnologyRegulatory TechnologyManagement Consulting

Recommended Next Steps

1
Review 10 job descriptions and list the repeated regulatory reports, data domains, and tools
2
Create a sample data dictionary with definitions, owners, and quality rules for a small dataset
3
Practice writing a change note that explains a taxonomy update, impact, and effective date
4
Build a simple mapping table that links source fields to reporting fields and includes validation rules
5
Strengthen SQL skills to validate values and trace discrepancies
6
Prepare a portfolio of documentation examples such as glossary entries, mapping specs, and test evidence