Senior Standby Letter Of Credit Specialist - Operations

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Job Description

Inspire, excel and grow with us

U.S. Bank is hiring in our Global Trade & Standby Services (GTSS) department for a Senior Standby Letter of Credit Specialist.

Are you a seasoned Standby Letter of Credit (SBLC) professional who thrives in a fast-paced, high-impact trade finance environment? 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.

What You'll Do

You'll be responsible for the hands-on processing, administration, and advisory support of the Bank's standby letter of credit portfolio, while serving as a trusted subject-matter expert across GTSS.

Key responsibilities include:

• 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.

What Success Looks Like

• Accurate, compliant, and timely processing of standby LCs in a highly audited environment

• Strong partnership with relationship managers and internal teams

• Clear, professional communication with clients and external parties

• Effective prioritization and calm execution in a fast-paced, high‑pressure setting

• Ownership mindset-driving issues to resolution and escalating when appropriate

Location

• Charlotte, NC

• St. Paul, MN

• Portland, OR

Basic Qualifications

• High school diploma or equivalent

• Eight or more years of relevant work experience

• Standby Letter of Credit experience is required

Preferred Skills/Experience

• 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

Location Expectations

This role requires working from a U.S. Bank location three (3) or more days per week.

If there's anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants.

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.

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.

E-Verify

U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program.

The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $86,360.00 - $101,600.00

U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.

Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.

Posting may be closed earlier due to high volume of applicants.