Sr Compliance Specialist at Medtronic

Mumbai, Maharashtra, India

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

HealthcareIndustries

Requirements

Bachelor degree or B.Com/LLB/CA with relevant experience in Compliance
Advanced knowledge of job area combining breadth and depth, typically obtained through advanced education combined with experience
Practical knowledge of project management
Current knowledge of laws for financial, advertising and marketing reporting, regulations, and industry guidance impacting the company's compliance program

Responsibilities

Develops, implements, administers and certifies compliance policies, procedures, and practices
Ensures alignment with legal and ethical standards of the organization
Provides compliance advice, investigates complaints and verifies deficiencies are corrected
Develops employee communication and training programs that focus on the elements of a companywide compliance program
Enforces anti-bribery and anti-competition laws
Analyzes metrics and audits functional compliance program
Maintains current knowledge of laws for financial, advertising and marketing reporting, regulations, and industry guidance that impact the company's compliance program
Delivers and/or manages projects assigned and works with other stakeholders to achieve desired results
Acts as a mentor to colleagues or directs the work of other lower level professionals
Coaches and reviews the work of lower level specialists; may manage projects/processes
Provides guidance, coaching and training to other employees within job area
Communicates with senior internal and external customers and vendors to exchange information and influence decision-making

Skills

Key technologies and capabilities for this role

Compliance PoliciesRegulatory ComplianceAnti-BriberyAnti-CompetitionCompliance TrainingAuditingMetrics AnalysisLegal Standards

Questions & Answers

Common questions about this position

What are the main responsibilities of the Sr Compliance Specialist role?

Responsibilities include developing and implementing compliance policies, providing advice, investigating complaints, creating training programs, enforcing anti-bribery laws, analyzing metrics, and maintaining knowledge of relevant laws and regulations.

What experience and education are required for this position?

The role requires advanced knowledge of the job area combining breadth and depth, typically obtained through advanced education combined with experience, and may include practical knowledge of project management.

Is this a remote position or does it require office work?

This information is not specified in the job description.

What is the salary or compensation for the Sr Compliance Specialist role?

This information is not specified in the job description.

What does a strong candidate for this role look like?

A strong candidate is a seasoned individual contributor with autonomy to work independently under limited supervision, advanced knowledge from education and experience, ability to manage projects, coach others, and provide in-depth analysis with process improvement recommendations.

Medtronic

Develops and manufactures medical devices and therapies

About Medtronic

Medtronic provides medical technology, services, and solutions to improve patient care. The company develops a variety of medical devices, including pacemakers, insulin pumps, surgical tools, and neurostimulation devices, which help diagnose, prevent, and treat chronic diseases. These products are used by hospitals, clinics, and healthcare professionals around the world. Medtronic stands out from competitors by investing significantly in research and development to create new products and offering additional services like training and patient management programs. The goal of Medtronic is to enhance patient outcomes and lower healthcare costs through its comprehensive range of medical solutions.

Fridley, MinnesotaHeadquarters

1949Year Founded

$3.2MTotal Funding

IPOCompany Stage

Biotechnology, HealthcareIndustries

10,001+Employees

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Life Insurance

Disability Insurance

Health Savings Account/Flexible Spending Account

Unlimited Paid Time Off

Paid Vacation

Paid Sick Leave

Paid Holidays

401(k) Retirement Plan

401(k) Company Match

Employee Stock Purchase Plan

Employee Assistance Program

Wellness Program

Risks

Emerging competitors like Fire1 threaten Medtronic's heart failure management market share.

Spine biologics market growth may attract new entrants, increasing competition for Medtronic.

Recent IPOs in medtech indicate rising competition, challenging Medtronic's market position.

Differentiation

Medtronic's diverse product range spans cardiovascular, diabetes, neurological, and surgical technologies.

The company invests heavily in R&D to drive innovation in medical devices.

Medtronic offers comprehensive services, including training and technical support, enhancing product value.

Upsides

Exclusive deal with Kuros enhances Medtronic's orthopedic portfolio and market share.

Growing spine biologics market offers expansion opportunities in spinal fusion and regenerative medicine.

Balloon catheters market growth aligns with Medtronic's recent product launches, boosting cardiovascular presence.

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