Standby Letter of Credit Specialist - Operations
About The Position
The Standby Letter of Credit Specialist is a member of U.S. Bank’s Global Trade & Standby Services team, supporting commercial and corporate clients by managing complex standby letter of credit transactions throughout their full lifecycle. The role involves structuring, drafting, and negotiating transaction language; processing issuance, amendments, renewals, advising, confirmations, draws, and releases; and ensuring transactions meet bank standards, client requirements, credit approvals, and applicable industry rules. The specialist partners with Relationship Managers, Credit, Compliance, Legal, clients, beneficiaries, and other stakeholders to resolve issues, manage risk, and deliver accurate, timely service. The position requires independent handling of a high-volume portfolio, sound judgment, attention to detail, and expertise in complex structures such as syndicated facilities, direct-pay and IRB support transactions, and counter standby letters of credit. The role works from a U.S. Bank location three or more days per week, Monday through Friday, 8:00 a.m. to 5:00 p.m. local time.
Requirements
- High school diploma or equivalent.
- Six or more years of relevant work experience.
Nice To Haves
- Deep expertise in standby letters of credit, including drafting, issuance, amendments, negotiations, and draw processing.
- Strong understanding of standby letter of credit structures and associated risks.
- Working knowledge of ISP98 and/or UCP 600.
- Experience partnering with Relationship Managers, Credit, Compliance, Legal, and clients to resolve complex issues.
- Strong negotiation and stakeholder management skills.
- Ability to interpret client requirements and translate them into clear, enforceable letter of credit language.
- Exceptional attention to detail and risk awareness.
- Proven ability to manage multiple deadlines and high transaction volumes accurately.
- Strong analytical, problem-solving, and decision-making capabilities.
- Excellent verbal and written communication skills.
- Proficiency with Microsoft Office and experience using letter of credit processing and workflow systems.
Responsibilities
- Draft, structure, and negotiate standby letter of credit language and terms in alignment with bank standards and client requirements.
- Manage standby letter of credit transactions throughout their lifecycle, including issuance, amendments, renewals, advising, confirmations, draws, and releases.
- Support complex structures, including syndicated facilities, direct-pay and IRB support transactions, counter standby letters of credit, and counter-counter standby letters of credit.
- Verify required credit approvals and facility availability before processing transactions.
- Apply industry rules and standards, including ISP98 and UCP 600, to transaction execution and client guidance.
- Review draw presentations and related documentation for compliance with letter of credit terms.
- Identify discrepancies, communicate findings, and coordinate timely resolutions with stakeholders.
- Serve as a point of contact for clients, beneficiaries, Relationship Managers, Legal, Compliance, and internal business partners.
- Monitor a high-volume portfolio while maintaining accuracy, service excellence, and operational controls.
- Escalate exceptions, operational risks, and urgent issues, and provide insights on portfolio trends and activity.
- Contribute to operational excellence and continuous improvement efforts.
Benefits
- Healthcare coverage, including medical, dental, and vision.
- Basic term and optional term life insurance.
- Short-term and long-term disability coverage.
- Pregnancy disability and parental leave.
- 401(k) and employer-funded retirement plan.
- Paid vacation of 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 hours worked, up to 80 hours per calendar year unless otherwise provided by law.
- Incentive and recognition programs.
- Equity stock purchase.
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Education Level
High school or GED
