Grady Global Awarded FDIC BOA
Fulfilling Our Mission by Helping FDIC Fulfill Its Mission
By Margaret Grady
Grady Global is proud to have been awarded a Basic Ordering Agreement (BOA) to provide instructor-led, web-based, and blended learning courses and performance support materials to the Federal Deposit Insurance Corporation (FDIC) Corporate University.
Who is the FDIC?
The Federal Deposit Insurance Corporation (FDIC) is an independent agency of the United States government and the primary bank regulator for more than 4,500 US banks and savings institutions. The FDIC’s mission is to maintain stability and public confidence in the US financial system by
- Insuring deposits in banks and savings institutions up to $250,000 per depositor, per insured bank;
- Examining and supervising financial institutions for safety and soundness and compliance with consumer protection laws and the Community Reinvestment Act (CRA); and
- Working with failed financial institutions to minimize the disruption to the institution’s customers and to the banking system as a whole.
What is the FDIC Corporate University?
The FDIC Corporate University is responsible for overseeing, coordinating, and supporting the assessment, design, development, delivery, and evaluation of enterprise-wide learning opportunities to help FDIC’s 7,000 employees build and maintain the competencies needed to achieve FDIC’s mission and strategic goals.
The FDIC Corporate University partners with the Corporation’s major business lines: Depositor and Consumer Protection; Risk Management Supervision, and Resolutions and Receiverships to ensure the continued availability of a comprehensive learning and development curriculum that
- Promotes FDIC’s corporate identity so that employees understand the FDIC’s mission and are better able to work as a team,
- Enhances each employee’s performance of his or her primary job assignments, and
- Broadens employee’s awareness of FDIC’s major business lines so that the FDIC can adapt quickly and effectively to changing workload priorities.
What is a BOA?
A large snake? A feathery accessory? A major US bank? Well, yes — to all of the above! In this context, however, a BOA is simply an acronym for Basic Ordering Agreement – a written agreement negotiated between two parties — in this case the FDIC Corporate University and Grady Global — that contains the terms that would apply to future contracts between the parties, including the services to be provided and the method for determining the price to be paid for those services.
Basic Ordering Agreements expedite contracting by vetting contractors when a corporation’s general requirements are known but specific project requirements have yet to be identified. FDIC awards Basic Ordering Agreements to companies that have demonstrated through relevant past performance that they have the core competencies to fulfill FDIC’s requirements.
Why was Grady Global Awarded an FDIC BOA?
FDIC awarded a BOA to Grady Global based on our financial services industry knowledge and experience, instructional design expertise, learning technology sophistication, and above all, on the results we have achieved in partnership with FDIC Corporate University in recent years. Here are some highlights of those accomplishments:
Risk Management Training Program
Grady Global worked with FDIC’s Division of Risk Management Supervision to maintain and enhance curricula for two of its examiner training schools: the Introduction to Examinations School and the Loan Analysis School. These schools are designed to prepare examiners to conduct on-site risk management examinations to assess the overall financial condition, management practices and policies, and compliance with applicable laws and regulations of FDIC-supervised depository institutions.
Community Banking Initiative
Grady Global worked with FDIC’s Division of Depositor and Consumer Protection to implement FDIC’s Community Banking Initiative. Specifically, we supported FDIC’s efforts to provide technical assistance to community bank directors through a series of educational videos available through FDIC’s YouTube Channel.
Why do we love working with FDIC Corporate University?
There are many reasons why Grady Global loves working with FDIC Corporate University. Here are just a few.
We love working with — and learning from — the knowledgeable, innovative, and highly motivated project managers, instructional designers, and subject matter experts — that make up an FDIC Corporate University project team.
We love working with the challenging financial content typically covered in an FDIC curriculum — from commercial real estate lending to bank investment portfolio analysis. Sometimes we feel like our brains are going to explode — but in a good way!
We love FDIC Corporate University’s “learn-by-doing” approach to instructional design that gives students the opportunity to practice applying knowledge and skills in the context of real world case studies as an integral part of every learning experience.
We love knowing that FDIC and Grady Global are motivated in all that we do by a common vision of a stable, inclusive, and efficient financial sector that improves the financial lives and overall well being of individuals, businesses, communities, and the broader society.