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,