"Alerted.org

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. You’ll lead with purpose, breaking down barriers to innovation in a more connected, compassionate world.

A Day in the Life

Medtronic’s 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 Medtronic's 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

+ Bachelor’s 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:

+ Master’s 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):$199,200.00 - $298,800.00

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 insurance, Health Savings Account, Healthcare Flexible Spending Account, Life insurance, Long-term disability leave, Dependent daycare spending account, Tuition assistance/reimbursement, and Simple 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 match, Short-term disability, Paid time off, Paid holidays, Employee Stock Purchase Plan, Employee Assistance Program, Non-qualified Retirement Plan Supplement (subject to IRS earning minimums), and Capital 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 (https://www3.benefitsolver.com/benefits/BenefitSolverView?page\_name=signon&co\_num=30601&co\_affid=medtronic)

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 95,000+ 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 (http://www.medtronic.com) .

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 law. In addition, Medtronic will provide reasonable accommodations for qualified individuals with disabilities.

If you are applying to perform work for Medtronic, Inc. (“Medtronic”) in any position which will involve performing at least two (2) hours of work on average each week within the unincorporated areas of Los Angeles County, you can find here (https://www.medtronic.com/content/dam/medtronic-wide/public/united-states/employee-support-services/careers/la-county-legal-notice.pdf) a list of all material job duties of the specific job position which Medtronic reasonably believes that criminal history may have a direct, adverse and negative relationship potentially resulting in the withdrawal of a conditional offer of employment. Medtronic will consider for employment qualified job applicants with arrest or conviction records in accordance with the Los Angeles County Fair Chance Ordinance for Employers and the California Fair Chance Act.

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 95,000+ 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.

**We change lives** . Each team member, each day, helps to improve and redefine how the world treats the most pressing health conditions, from heart disease to diabetes. Our industry leadership comes from the passion and ingenuity of our people. That’s who we are. Working alongside one another, we use science, medicine, and a profound understanding of the human body to build extraordinary technologies that can transform lives.

**We build extraordinary solutions as one team** . With one Medtronic Mindset defining how we work. Speed and decisiveness run through our DNA. Diverse perspectives inspire our bold answers to any challenge that comes our way. And we deliver results the right way, breakthrough after patient breakthrough.

**This life-changing career is yours to engineer** . By bringing your ambitious ideas, unique perspective and contributions, you will…

+ **Build** a better future, amplifying your impact on the causes that matter to you and the world

+ **Grow** a career reflective of your passion and abilities

+ **Connect** to a dynamic and inclusive culture that welcomes the challenge of life-long learning

These commitments set our team apart from the rest:

**Experiences that put people first** . Respect for people is the hallmark of our humanity. It fuels our team to positively impact even a single life. And it means we put our people first at Medtronic as well, creating a culture of belonging and always pushing to get you the career-building resources you need.

**Life-transforming technologies** . No matter your role, you contribute to technologies that transform lives. What we build empowers patients to live life on their terms.

**Better outcomes for our world** . Here, it’s about more than the bottom line. Our Mission to improve human welfare drives us. We advance healthcare, society, and equity with every design, inside and outside our walls.

**Insight-driven care** . Fresh viewpoints. Cutting-edge AI, data, and automation. You're shaping the future of healthcare technology and defining the next generation of breakthroughs in care

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 law. In addition, Medtronic will provide reasonable accommodations for qualified individuals with disabilities.

For sales reps and other patient facing field employees, going into a healthcare setting is considered an essential function of the job and we expect our employees to comply with all credentialing requirements at the hospitals or clinics they support.

This employer participates in the federal E-Verify program to confirm the identity and employment authorization of all newly hired employees. For further information about the E-Verify program, please click here (https://www.e-verify.gov/employees) .

For updates on job applications, please go to the candidate login page and sign in to check your application status.

If you need assistance completing your application please email [email protected]

To request removal of your personal information from our systems please email [email protected]