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T110 - New Players, New Risks — Adapting Risk Management Strategies to New Financial Assistance Recipients
Date
September 19, 2024
Whether solving today’s toughest challenges or responding to needs following an emergency, being prepared to quickly and safely administer financial assistance to new — often first time — recipients has become an operating imperative for many agencies.
Key Takeaways:
• Streamlining the addition of new financial assistance recipient populations promotes greater inclusivity, supports problem-solving, and improves the nation’s ability to respond to emergencies.
• Some risk factors commonly change with the infusion of new recipients, and some factors may be unique to a specific population.
• Cultivate ideas for driving change in operations, including governance, processes, and systems, when adapting to changes in recipient populations.
Learning Objective
Examine how working with "non-traditional" recipients affects risk and strategies for shifting policies, processes, and systems in response. Explore changes in financial assistance recipient populations and their effect on risks. Learn how to assess operations to respond to changes in risk and ways some agencies leverage innovative technology in their response.
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