Sr Insurance Director, Risk Management

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Join Medtronic as a Sr Insurance Director, Risk Management . We anticipate the application window for this opening will close on - 6 Oct 2025 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. 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. Responsibilities may include: Leading the development and execution of the global risk and insurance strategy. Advising the CFO, executive leadership, and board on emerging risks, mitigation strategies, and risk appetite. Leading the development of risk governance structures, policies, and reporting frameworks. Developing and executing comprehensive risk management strategies. Strategic Leadership & Governance Leading the development and execution of the global risk and insurance strategy. Advising the CFO, executive leadership, and board on emerging risks, mitigation strategies, and risk appetite. Leading the development of risk governance structures, policies, and reporting frameworks. Developing and executing comprehensive risk management strategies. Global Insurance Program & Financial Protection Designing and managing global insurance programs. Leading the collection and preparation of submission data for global insurance policies. Analyzing insurance trends and recommending coverage adjustments. Leading strategic negotiations with brokers and underwriters. Enterprise Risk Management & Risk Assessment Designing and implementing a robust ERM framework. Leading enterprise-wide risk assessments, scenario planning, and reporting. Overseeing risk assessments, identifying vulnerabilities, and implementing strategies to prevent, reduce, or transfer risks. Compliance & Governance Ensuring compliance with international, federal, state, and local risk and insurance regulations. Creating, implementing, and managing policies and programs for risk management, insurance, and claims reporting. Cross-Functional Strategic Initiatives & Stakeholder Collaboration Leading enterprise-wide initiatives, including business continuity planning, crisis management, ESG risk integration, and geopolitical risk analysis. Championing a risk-aware culture through training, communication, and leadership engagement. Monitoring, Reporting & Continuous Improvement Monitoring processes for effectiveness, providing timely and accurate reports and risk analysis to senior leaders. Leading initiatives to enhance loss prevention, loss control, and risk transfer processes. M&A Integration Directing risk management due diligence and integration for mergers and acquisitions within the Diabetes OU. People Planning, Team Leadership & Resource Strategy Evaluating and proposing current and future Global Risk Management team structure in a scalable manner. Mentoring and developing risk management staff, fostering a collaborative and high-performing team environment. 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. Physical Job Requirements 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. Benefits & Compensation Medtronic offers a competitive Salary and flexible Benefits Package. 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. About Medtronic Medtronic benefits and compensation plans. 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. 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.
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Location:
Los Angeles, CA, United States
Job Type:
FullTime
Category:
Finance