Trade Sanctions & Export Controls, Analyst- Remote in US (Finance)

We anticipate the application window for this opening will close on - 19 Dec 2024

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

Sanctions & Export Controls Analyst

LOCATION: Open to remote in US

Careers that Change Lives

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

A career at Medtronic is like no other. We're purposeful. We're committed. And we're driven by our Mission to alleviate pain, restore health and extend life for millions of people worldwide.

In this exciting role as Sanctions & Export Controls Analyst, you will be responsible for creating and improving existing trade compliance processes to facilitate deliveries of life saving products to patients in sanctioned markets. You will be working collaboratively alongside senior colleagues to interpret sanctions imposed by the U.S. Department of Commerce Bureau of Industry & Security (BIS) and U.S. Treasury's Office of Foreign Asset Control (OFAC) and evaluate its impact on Medtronic. In addition, you will be working in a team environment to implement sanctions in SAP GTS system, programmatic work on U.S., EU and Swiss license activation, as well as restricted parties screening. You will support escalations from internal customers and external team of contingent employees to run day-to-day business.

This role requires cross-functional collaboration with regional Global Trade teams, Customer Care, IT, Regulatory, Global Trade Legal & Compliance, and Business representatives of sanctioned countries to execute on Medtronic mission in all corners of the world.

As the Sanctions & Export Controls Analyst, you will:

• Interpret BIS and OFAC sanctions and how they impact Medtronic's business activities in sanctioned countries.
• Research Medtronic products using internal systems DCI, Power BI, SAP GTS to identify material characteristics such as HS code, ECCN, Operating Unit, selling UOM (unit of measure), FDA product class or code numbers. Seek ways to leverage any of these data to implement commodity level sanctions imposed by BIS and/or OFAC for specific markets.
• Seek ways to leverage existing Trade blocks in SAP GTS (USSPL, ZEXP1, USEAR, USOFC, ZEXUS, ZEXBY, ZEUBY, ZCHBY) to implement new sanctions, and improving existing processes to standardize block strategy across sanctioned countries.
• Activate BIS licenses in SAP GTS system using correct license type, legal units, materials, pricing, qty, validity period as authorized by licenses.
• Review escalations (internal or external partner) for blocked orders and take ownership to get those resolved in a timely manner.
• Ability to work with large data in excel to conduct analysis and communicate trends that can drive business decisions.
• Prepare PowerPoint slide decks to communicate qualitative or quantitative analysis done on assigned project, task, or a topic.
• Review escalations related to failed restricted parties screening or blocked orders and work with relevant stakeholders to resolve those.
• Conduct enhanced due diligence, complex ownership traceability and investigations of parties tied failed screening, and ability to make recommendations based on imperfect information.
• Any other duties as required to meet the business needs.
• Strong problem-solving skills. Team player, consistent positive attitude, ability to work in a diverse global work environment.

Must Have: Minimum Requirements

• Bachelor's degree required
• Minimum of 2 years of relevant experience, or advanced degree with 0 years of experience

Nice to have:

• Professional communication skills (written and verbal)
• Understanding of GTS Trade blocks and how to release them
• Knowledge of Restricted Parties Screening
• Intermediate Excel skills
• Ability to research 15 CFR

Physical Job Requirements

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):$62,400.00 - $93,600.00

This position is eligible for a short-term incentive called the Medtronic Incentive Plan (MIP).

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 90,000+ passionate people.
We are engineers at heart- putting ambitious ideas to work to generate real solutions for real people. From the R&D lab, to the factory floor, to the conference room, every one of us experiments, creates, builds, improves and solves. We have the talent, diverse perspectives, and guts to engineer the extraordinary.

Learn more about our business, mission, and our commitment to diversity here .

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. In addition, Medtronic will provide reasonable accommodations for qualified individuals with disabilities.