Senior Specialist in Standby Letter of Credit Operations

At U.S. Bank, we're on an exciting journey to make a positive impact. Our mission is to empower customers and businesses to make informed financial decisions while supporting the growth of the communities we serve. We recognize that each individual offers unique potential and strive to cultivate that talent. A career with U.S. Bank opens up a wide range of opportunities for you to discover your strengths, explore new skills, and thrive from day one. Job Overview As a Senior Specialist in Standby Letter of Credit Operations, you will provide expert consultation and guidance regarding standby letter of credit services to GTSS staff, clients, and business partners. Your role will encompass various duties related to the processing of transactions to support the bank's standby letter of credit portfolio, ensuring compliance with applicable regulations, policies, and procedures. This includes issuing, amending, advising, confirming, and releasing standby letters of credit in accordance with our organizational standards. Key Responsibilities: Structure Standby Letter of Credit terms and text to effectively meet the needs of specific client transactions. Draft complex Standby Letters of Credit, including Syndicated Letters of Credit and Direct-Pay Letters of Credit for Industrial Revenue Bonds, ensuring all regulatory compliance and credit approvals are secured prior to issuance or release. Examine documents for payment under Standby Letters of Credit to ensure compliance with their terms. Collaborate closely with Relationship Managers, clients, beneficiaries, and internal/external counsel to structure and finalize intricate Standby Letters of Credit. Advise management on developments that may impact the department’s operations. Basic Qualifications: Bachelor's degree or equivalent work experience. Six or more years of relevant experience in standby letter of credit operations. Preferred Skills and Experience: In-depth knowledge of complex Standby Letters of Credit. At least six years of exposure to Standby Letters of Credit. Thorough understanding of policies, procedures, regulations, and products relevant to the business unit. Ability to analyze business needs, including scheduling meetings and collaborating with business line leaders. Strong project management skills, including the ability to develop test schedules and review plans. Excellent analytical and forecasting abilities. Proficient in managing multiple tasks and projects simultaneously. Ability to work effectively as part of a project team. If you require accommodations to assist with the application or hiring process, please let us know. Benefits: We offer a comprehensive benefits package designed to support your health and well-being. Our offerings include: Healthcare (medical, dental, vision) Term life insurance Short-term and long-term disability coverage Parental and pregnancy disability leave 401(k) and employer-funded retirement plans Paid vacation (two to five weeks based on tenure) Up to 11 paid holidays Adoption assistance Sick and Safe Leave accruals U.S. Bank is an equal opportunity employer, welcoming all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability, or veteran status. E-Verify: U.S. Bank participates in the E-Verify program to verify employment eligibility. Learn more about the E-Verify program. The salary range for this role is $81,515.00 - $95,900.00, along with a comprehensive benefits package, including incentive programs and retirement contributions. Applicants must comply with U.S. Bank policies, including the Code of Ethics and Business Conduct. Please note that this posting may close earlier due to high applicant volume.