Senior Standby Letter of Credit Specialist - Operations

U.S. Bank • Gresham, OR

9d • $86,360 - $101,600 • Hybrid

About The Position

U.S. Bank is hiring in our Global Trade & Standby Services (GTSS) department for a Senior Standby Letter of Credit Specialist. This role sits at the center of U.S. Bank’s Global Trade & Standby Services (GTSS) organization, supporting complex, high‑visibility standby letter of credit transactions for clients and internal partners. In this senior individual contributor role, you’ll own the end-to-end lifecycle of standby LCs, partner closely with relationship managers and clients, and apply deep technical expertise to ensure transactions are structured, drafted, issued, and administered with precision, compliance, and confidence. This is a hands-on, high‑volume role designed for professionals who enjoy navigating complexity, influencing outcomes, and delivering results in a highly regulated environment.

Requirements

• High school diploma or equivalent
• Eight or more years of relevant work experience
• Standby Letter of Credit experience is required

Nice To Haves

• Deep SBLC expertise, including drafting and issuing standby letters of credit and translating client requirements into clear, enforceable LC terms
• Strong negotiation and stakeholder management skills, with comfort engaging clients, beneficiaries, and internal partners (RM, Credit, Compliance, Legal)
• Proficiency with LC rules and practices, including ISP98 and/or UCP 600
• Demonstrated ability to manage high transaction volume with strong attention to detail and sound judgment
• Proven problem-solving skills and ability to work through ambiguity
• Experience operating in a cross-functional, highly collaborative environment
• Clear, professional written and verbal communication skills
• Familiarity with trade and loan systems such as Trade360, AFS, and/or Loan IQ (preferred)
• Prior experience working in audited or QC-reviewed environments is a strong plus

Responsibilities

• Drafting and negotiating standby LC language, partnering with Relationship Managers, Credit, Legal, Compliance, and clients to align transaction needs with internal policies and risk standards.
• Managing the full standby LC lifecycle—from structuring and issuance through amendments, draws, confirmations, advising, and releases.
• Handling complex standby LC structures, including syndicated transactions, direct-pay / IRB support, and counter or counter‑counter standby LCs.
• Confirming credit approvals, client line setup, and required documentation before proceeding with issuance, amendments, or other key lifecycle actions.
• Applying ISP98 and/or UCP 600 rules to support drafting, amendments, and draw processing; clearly explaining rule-driven requirements to stakeholders.
• Reviewing presentations and drawing documents for compliance with LC terms, identifying discrepancies, communicating decisions, and coordinating timely resolution.
• Managing a high-volume portfolio (20–30 active transactions at any given time) while balancing multiple priorities, deadlines, and stakeholder needs.
• Serving as a key point of contact for clients, beneficiaries, relationship managers, and internal/external counsel on LC drafting, amendment, and draw-related matters.
• Identifying, escalating, and resolving operational risks and exceptions, while providing clear status updates and reporting on trends, escalations, and portfolio activity.
• Supporting a quality‑driven environment, where work is reviewed through QC and audit processes and continuous improvement is encouraged.

Benefits

• Healthcare (medical, dental, vision)
• Basic term and optional term life insurance
• Short-term and long-term disability
• Pregnancy disability and parental leave
• 401(k) and employer-funded retirement plan
• Paid vacation (from two to five weeks depending on salary grade and tenure)
• Up to 11 paid holiday opportunities
• Adoption assistance
• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: High school or GED