Sr Insurance Director, Risk Management

Medtronic Diabetes Risk Management Leader

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.

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.

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

Enterprise Risk Management & Risk Assessment

Compliance & Governance

Cross-Functional Strategic Initiatives & Stakeholder Collaboration

Monitoring, Reporting & Continuous Improvement

M&A Integration

People Planning, Team Leadership & Resource Strategy

MUST HAVE : MINIMUM REQUIREMENTS

NICE TO HAVE :

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

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