An implantable medical device includes a lead, a monitoring module, a multi-function conductive (MFC) coil, and a field detection module. The monitoring module identifies cardiac events based on the cardiac signals and directs stimulus pulses to be delivered to the heart through one or more electrodes connected to the lead. The MFC coil has an electric characteristic that varies based on exposure of the coil to an external magnetic field. The field detection module detects exposure of the coil to the external magnetic field by applying a field detection signal to the coil and identifying a change in the electric characteristic of the MFC coil. The field detection module switches operation of the monitoring module to an MR safe mode based on the change that is identified.