Job DescriptionBring Your Standby Letter of Credit Expertise to a Team Where It MattersAt U.S. Bank, we're committed to helping our clients and communities make smarter financial decisions while enabling the growth and success of businesses around the world. As a
Standby Letter of Credit Specialist, you'll play a vital role in supporting sophisticated commercial and corporate clients by managing complex standby letter of credit transactions that help drive business forward.
This is not a traditional operations role. We are seeking a highly skilled standby letter of credit professional who thrives on navigating complex transactions, collaborating with business partners, and serving as a trusted subject matter expert. If you enjoy balancing client needs, regulatory requirements, and risk management while working on challenging and impactful transactions, we'd love to meet you.
What You'll DoAs a key member of Global Trade & Standby Services (GTSS), you will manage and administer a portfolio of standby letters of credit throughout the full transaction lifecycle. You'll partner with Relationship Managers, Credit, Compliance, Legal, clients, beneficiaries, and other stakeholders to deliver exceptional service and sound risk management.
Key Responsibilities- Draft, structure, and negotiate standby letter of credit language and terms while ensuring alignment with bank standards and client requirements.
- Manage the complete standby letter of credit lifecycle, including issuance, amendments, renewals, advising, confirmations, draws, and releases.
- Support complex standby letter of credit 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 support transaction execution and client guidance.
- Review draw presentations and associated documentation for compliance with letter of credit terms.
- Identify discrepancies, communicate findings, and coordinate timely resolutions with stakeholders.
- Serve as a trusted 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 while providing meaningful insights on portfolio trends and activity.
What Makes This Role ExcitingWork on Complex, High-Impact TransactionsYou'll support sophisticated standby letter of credit structures that require critical thinking, technical expertise, and collaboration across multiple business lines.
Be the Subject Matter ExpertYour knowledge and judgment will help shape transaction structures, mitigate risk, and support clients in achieving their business goals.
Build Valuable PartnershipsCollaborate daily with Relationship Managers, Credit Officers, Legal Counsel, Compliance teams, clients, beneficiaries, and industry professionals.
Expand Your CareerDevelop deep expertise in a specialized area of international and commercial banking that remains highly valued across the financial industry.
Schedule & Location📍
Location: 3+ days at either Saint Paul, Charlotte, Portland
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Schedule: Monday-Friday | 8:00 a.m. - 5:00 p.m. local time
Basic Qualifications- High school diploma or equivalent
- Six or more years of relevant work experience
Preferred Skills/Experience We're particularly interested in professionals who bring:
- 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 with accuracy
- 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
What Success Looks LikeSuccessful candidates will:
- Independently manage complex standby letter of credit transactions.
- Develop trusted relationships with business partners and clients.
- Demonstrate strong technical expertise and sound risk judgment.
- Deliver accurate, timely, and compliant transaction processing.
- Drive issues to resolution while maintaining an exceptional client experience.
- Contribute to operational excellence and continuous improvement efforts.
Location ExpectationsThis role requires working from a U.S. Bank location three (3) or more days per week.
Benefits: Our approach to benefits and total rewards considers our team members' whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following:
- 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
Review our full benefits available by employment status here.
Posting may be closed earlier due to high volume of applicants. 
