Full-Time

Principal IT Auditor

Posted on 9/23/2024

Medtronic

Medtronic

10,001+ employees

Develops and manufactures medical devices and therapies

Biotechnology
Healthcare

Compensation Overview

$112.8k - $169.2kAnnually

+ Short-term incentive (Medtronic Incentive Plan)

Senior, Expert

Brooklyn Park, MN, USA + 1 more

More locations: Minneapolis, MN, USA

Hybrid position requiring onsite presence 2 days/week in Fridley, MN.

Category
Legal
Risk & Compliance
Legal & Compliance
Required Skills
Data Analysis
Requirements
  • Bachelor’s Degree with 7+ years of work experience in audit, financial, or internal controls (Advanced Degree with 5+ years)
  • Bachelor’s Degree in a relevant field of study (e.g., computer science, information security, management information systems, or accounting)
  • Public Accounting (preferably Big 4) experience, or IT audit experience within a corporate internal audit department
  • Must be fluent in English (written and spoken)
  • Understand IT systems and infrastructure, including hardware, software, networks, databases, and cybersecurity
  • Achievement or professional certification, such as an MBA, CPA, CISA CIA, and/or CISSP (if not currently certified, candidate must commit to certification within a defined timeframe)
  • Knowledge of industry standards and best practices, such as COBIT, ITIL, ISO 27001, and NIST frameworks
  • Experience leading and supervising audits
Responsibilities
  • Executes individual work, and oversees the work of others, while exhibiting an awareness and ability to connect work to department and business initiatives.
  • Performs IT audit projects and integrated audits in accordance with department standard operating procedures, as well as International Standards for the Professional Practice of Internal Auditing.
  • Collaborates with others in the Global Audit Department and across the business and IT functions.
  • Initiates meetings, prepare materials, and lead meetings, including higher stake meetings with Medtronic business partners (e.g., audit kick-off, closing, deficiency discussions, etc.), Medtronic executives (i.e., risk assessment meetings), and external stakeholders (i.e., external auditors, external consultants, etc.).
  • Leads significant, complex, and unique audit projects through all stages of the audit process (scoping, planning, fieldwork, and reporting). Identify and evaluate Medtronic controls for gaps and opportunities, propose solutions, and partner with management to determine remediation.
  • Drives audit planning and scoping, tailor audit steps to the risk assessment, update management on project status, and coordinate project tasks.
  • Delegates work thoughtfully. Perform meaningful review and provide feedback of work delegated.
  • Leads a global initiative for the Corporate Audit function, resulting in improved engagement, innovation, or inclusion.
  • Develops risk-based audit programs for new or emerging risks.
  • Manages multiple projects at the same time, including operating in an organized manner, maintaining an open items list, following up timely with business partners, and escalating issues and open items timely.
  • Coaches team members in support of the audit process, technology, and department operations. This includes providing timely reviews, feedback and assisting them in meeting their own job requirements.
  • Works independently, with moderate oversight, as well as collaboratively as part of team.
  • Understands the Medtronic and Audit mission to drive innovation, accelerate change, and embrace diversity and inclusion. Individuals will set challenging goals, enable operational excellence, maintain accountability, and model ethical behavior.
  • Develops risk-based audit programs for new or emerging risks.
  • Influences the dynamic audit plan and continuous risk assessment process. Works closely with internal and external stakeholders on risk assessment; gather and analyze data to support risk assessment decisions.

Medtronic provides medical technology, services, and solutions aimed at improving patient health. 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 its competitors by heavily investing in research and development to create new products and by offering additional services such as training for healthcare providers and patient management programs. The goal of Medtronic is to enhance patient outcomes and lower healthcare costs through its comprehensive range of medical solutions.

Company Stage

IPO

Total Funding

$3.2M

Headquarters

Fridley, Minnesota

Founded

N/A

Growth & Insights
Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
Simplify Jobs

Simplify's Take

What believers are saying

  • Medtronic's recent product innovations, such as the InterStim Micro Neurostimulator and remote monitoring systems, highlight its commitment to advancing medical technology.
  • The company's expansion in Asia, including the launch of the Robotics Experience Studio, indicates strong growth potential in emerging markets.
  • Strategic partnerships and acquisitions, like the collaboration with Ramsay Health Care and the acquisition of Paceart Optima, enhance Medtronic's capabilities and market position.

What critics are saying

  • The highly competitive medical technology market requires Medtronic to continuously innovate to maintain its leadership position.
  • Integration challenges from acquisitions and partnerships could potentially disrupt operations and delay product development.

What makes Medtronic unique

  • Medtronic's extensive R&D investment enables continuous innovation in medical technology, setting it apart from competitors who may not have the same level of resources.
  • The company's global reach, operating in over 150 countries, provides a significant advantage in market penetration and customer base.
  • Medtronic's comprehensive suite of products and services, including training and patient management programs, offers a holistic approach to healthcare that many competitors lack.

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