The Director, Risk Management and Insurance at Intel is responsible for managing the company's global risk and insurance programs. This includes overseeing policy renewals, managing third-party adjusters for claims, and driving collaborations with other business units. Additionally, you'll be involved in structuring and negotiating Intel's primary insurance programs, which cover a wide array of areas such as cyber risks, general liabilities, and property insurance.

Candidates for the Director, Risk Management and Insurance role at Intel typically need an MBA or BA/BS in Finance, Risk Management, or a related discipline. Additionally, having over 10 years of relevant experience in a large multinational corporation is crucial. Industry certifications can be advantageous, and successful applicants must demonstrate solid leadership abilities and a track record of team development.

As the Director, you will lead a global team of six, including professionals based not only in the US but also in Israel and Costa Rica. This team structure allows for diverse perspectives and skills combined in a cohesive unit focused on managing Intel’s risk and insurance programs effectively.

The Director, Risk Management and Insurance at Intel oversees a variety of critical insurance programs, such as Directors and Officers, Fiduciary, Property, Political Violence, Cargo, Cyber, General Liability, and Worker's Compensation. The role also involves managing the captive insurance program and ensuring that employee benefits are properly administered.

The role of Director, Risk Management and Insurance at Intel offers a hybrid work model, allowing for a dynamic work experience where employees can split their time between in-office collaboration at their assigned Intel site and remote work, maintaining flexibility and a great work-life balance.

When answering this question, highlight your relevant experiences that directly relate to managing risks in a global context. Discuss specific programs you’ve led or participated in, illustrate your understanding of various insurance types, and emphasize how you navigated challenges unique to multinational environments.

Discuss your negotiation strategies and emphasize the importance of understanding both Intel's needs and the capabilities of insurance carriers. Mention techniques such as preparation, relationship management, and effective communication to achieve favorable outcomes during negotiations.

In your response, pinpoint best practices like having clear documentation processes, maintaining open lines of communication with stakeholders, and collaborating closely with third-party administrators. Elaborate on specific instances where implementing these practices led to positive results.

Explain your approach to ensuring compliance by first establishing clear governance frameworks and protocols. Talk about how you regularly conduct audits, collaborate with legal teams, and update processes based on evolving regulations to mitigate any compliance risks.

When discussing your leadership style, connect it to the team environment at Intel. Highlight your focus on collaboration, mentorship, and development of team members, and explain how these attributes foster a culture of accountability, innovation, and success.

Discuss your commitment to using data-driven insights and technology to enhance process efficiencies. Talk about specific tools or methodologies you have utilized in the past and how you've successfully led projects that resulted in streamlined operations.

Relationship-building is key in risk management. In your answer, provide examples of how you've established trust and maintained open communication with third-party relationships, emphasizing the importance of rapport in effective negotiations and ongoing partnerships.

Highlight the essential nature of stakeholder communication in your approach to risk management. Discuss methods you use to keep stakeholders informed and engaged, and how this communication aids in aligning goals and ensuring swift action when risks arise.

Use this opportunity to share a story that illustrates your problem-solving skills. Discuss the challenge, your analysis, the solution you implemented, and the outcome, making sure to emphasize the lessons learned that could apply to the role at Intel.

Share your commitment to professional development, detailing how you encourage your team to stay informed through training, workshop attendance, and subscription to industry publications. This showcases not just your leadership but your dedication to continuous learning.