We anticipate the application window for this opening will close on - 6 Oct 2025

At Medtronic you can begin a life-long career of exploration and innovation while helping champion healthcare access and equity for all. Youll lead with purpose breaking down barriers to innovation in a more connected compassionate world.

A Day in the Life

Medtronics Risk Management function is committed to protecting Medtronic plc from significant losses that could impact our ability to serve customers employees shareholders and the public. Through a formal approach to self-insurance and robust practices in loss prevention and control Medtronic maintains a structured program to optimally manage risk.

About the Role

This newly created leadership role is responsible for establishing the strategic direction governance and execution of Medtronic Diabetes global insurance and enterprise risk management (ERM) programs. Reporting directly to the Chief Financial Officer this leader serves as a trusted advisor to senior leadership and the board ensuring that risk exposures are proactively identified assessed and managed across all business units and geographies aligned with corporate objectives and regulatory requirements. This role requires advanced expertise in insurance contracts and risk management policies and involves close collaboration with internal stakeholders external authorities and customers.

This position is an exciting opportunity to work with Medtronics Diabetes business. Medtronic has announced its intention to separate the Diabetes division to promote future growth and innovation within the business and reallocate investments and resources across Medtronic subject to applicable information and consultation requirements. This separation provides our team with a bold opportunity to unleash our potential enabling us to operate with greater speed and agility. As a separate entity we anticipate leveraging increased investments to drive meaningful innovation and enhance our impact on patient care.

Responsibilities may include the following and other duties may be assigned.

Strategic Leadership & Governance

• Lead the development and execution of the global risk and insurance strategy ensuring alignment with corporate goals board directives and regulatory requirements.
• Advise the CFO executive leadership and board on emerging risks mitigation strategies and risk appetite.
• Lead the development of risk governance structures policies and reporting frameworks.
• Develop and execute comprehensive risk management strategies that support both global and Diabetes OU business objectives and growth initiatives.

Global Insurance Program & Financial Protection

• Design and manage global insurance programs including property casualty general liability product liability cyber and directors & officers (D&O) coverage.
• Lead the collection and preparation of submission data for global insurance policies including casualty property and other corporate programs.
• Analyze insurance trends and recommend coverage adjustments.
• Lead strategic negotiations with brokers and underwriters to optimize coverage and cost efficiency.
• Oversee global claims management ensuring timely resolution and alignment with legal finance and operations teams.
• Manage insurance programs to minimize asset loss and develop business cases comparing mitigation costs versus potential consequences.
• Oversee maintenance of electronic policy records SharePoint Insurance site and administration of insurance certificates and Auto ID card requests.

Enterprise Risk Management & Risk Assessment

• Design and implement a robust ERM framework that integrates strategic operational financial and compliance risks.
• Lead enterprise-wide risk assessments scenario planning and reporting including 10-K filings and other regulatory disclosures.
• Oversee risk assessments identify vulnerabilities and implement strategies to prevent reduce or transfer risks.
• Present risk dashboards and insights to the executive team and board committees.

Compliance & Governance

• Ensure compliance with international federal state and local risk and insurance regulations industry standards and legal requirements.
• Create implement and manage policies and programs for risk management insurance and claims reporting.

Cross-Functional Strategic Initiatives & Stakeholder Collaboration

• Lead enterprise-wide initiatives including business continuity planning crisis management ESG risk integration and geopolitical risk analysis.
• Champion a risk-aware culture through training communication and leadership engagement.
• Establish and maintain strong partnerships with internal teams (legal finance operations leadership) brokers insurers and third-party vendors to integrate risk management across the business.
• Collaborate with internal audit legal compliance and finance teams to ensure integrated risk oversight.

Monitoring Reporting & Continuous Improvement

• Monitor processes for effectiveness provide timely and accurate reports and risk analysis to senior leaders and support ongoing improvement.
• Lead initiatives to enhance loss prevention loss control and risk transfer processes.

M&A Integration

• Direct risk management due diligence and integration for mergers and acquisitions within the Diabetes OU.

People Planning Team Leadership & Resource Strategy

• Evaluate and propose current and future Global Risk Management team structure in a scalable manner while balancing investment needs and business priorities.
• Mentor and develop risk management staff fostering a collaborative and high-performing team environment.
• Align talent planning and resource strategy with long-term business goals.

MUST HAVE: MINIMUM REQUIREMENTS

• Bachelors degree with 15 years relevant experience in risk management insurance or related field and 10 years of managerial experience
• Or an advanced degree with 13 years relevant experience in risk management insurance or related field and 10 years of managerial experience

NICE TO HAVE:

• Masters degree or professional certifications (e.g. AINS ARM CRM RIMS-CRMP).
• Proficiency with enterprise risk software analytics platforms and data visualization tools.
• Proven ability to lead cross-functional teams and influence senior stakeholders.
• Strong analytical negotiation and stakeholder management skills.

Physical Job Requirements

The above statements are intended to describe the general nature and level of work being performed by employees assigned to this position but they are not an exhaustive list of all the required responsibilities and skills of this position.

The physical demands described within the Responsibilities section of this job description are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. For Office Roles: While performing the duties of this job the employee is regularly required to be independently mobile. The employee is also required to interact with a computer and communicate with peers and co-workers. Contact your manager or local HR to understand the Work Conditions and Physical requirements that may be specific to each role.

Benefits & Compensation

Medtronic offers a competitive Salary and flexible Benefits Package
A commitment to our employees lives at the core of our values. We recognize their contributions. They share in the success they help to create. We offer a wide range of benefits resources and competitive compensation plans designed to support you at every career and life stage.

Salary ranges for U.S (excl. PR) locations (USD):$199200.00 - $298800.00

This position is eligible for a short-term incentive called the Medtronic Incentive Plan (MIP).

This position is eligible for an annual long-term incentive plan.

The base salary range is applicable across the United States excluding Puerto Rico and specific locations in California. The offered rate complies with federal and local regulations and may vary based on factors such as experience certification/education market conditions and location. Compensation and benefits information pertains solely to candidates hired within the United States (local market compensation and benefits will apply for others).

The following benefits and additional compensation are available to those regular employees who work 20 hours per week: Health Dental and vision insuranceHealth Savings AccountHealthcare Flexible Spending AccountLife insurance Long-term disability leaveDependent daycare spending accountTuition assistance/reimbursement andSimple Steps (global well-being program).

The following benefits and additional compensation are available to all regular employees:Incentive plans 401(k) plan plus employer contribution and matchShort-term disabilityPaid time offPaid holidaysEmployee Stock Purchase PlanEmployee Assistance ProgramNon-qualified Retirement Plan Supplement (subject to IRS earning minimums) andCapital Accumulation Plan (available to Vice Presidents and above or subject to IRS earning minimums).

Regular employees are those who are not temporary such as interns. Temporary employees are eligible for paid sick time as required under applicable state law and the Employee Stock Purchase Plan. Please note some of the above benefits may not apply to workers in Puerto Rico.

Further details are available at the link below:

Medtronic benefits and compensation plans

About Medtronic

We lead global healthcare technology and boldly attack the most challenging health problems facing humanity by searching out and finding solutions.
Our Mission to alleviate pain restore health and extend life unites a global team of 95000 passionate people.
We are engineers at heart putting ambitious ideas to work to generate real solutions for real people. From the R&D lab to the factory floor to the conference room every one of us experiments creates builds improves and solves. We have the talent diverse perspectives and guts to engineer the extraordinary.

Learn more about our business mission and our commitment to diversity here.

It is the policy of Medtronic to provide equal employment opportunity (EEO) to all persons regardless of age color national origin citizenship status physical or mental disability race religion creed gender sex sexual orientation gender identity and/or expression genetic information marital status status with regard to public assistance veteran status or any other characteristic protected by federal state or local addition Medtronic will provide reasonable accommodations for qualified individuals with disabilities.