Senior Standby Letter of Credit Specialist
U.S. Bancorp, Atlanta, Georgia, United States, 30383
Job Title
Responsible for providing consultation and guidance regarding standby letter of credit services provided by GTSS to GTSS staff, clients and business partners in addition to performing a variety of duties relating to the processing of transactions necessary to support the banks standby letter of credit portfolio in accordance with applicable regulations, policies and procedures. Services include issuing, amending, advising, confirming and releasing standby letters of credit accordance with organizational policies and guidelines. Key Responsibilities
: Structure Standby Letter of Credit terms and text to meet the needs of specific client transactions. Capable of drafting the more complex Standby Letters of Credit including Syndicated Letters of Credit, Direct-Pay Letters of Credit supporting Industrial Revenue Bonds, Counter and Counter-Counter Standby Letters or Credit. Ensures needed regulatory compliance and credit approvals are obtained prior to issuing and/or releasing Standby LCs. Examines documents for payment under Standby Letters of Credit for compliance with Letter of Credit terms. Works closely with Relationship Managers, clients, beneficiaries, internal and external Counsel as needed to structure and finalize complex Standby Letters of Credit Advises management on developments that impact the department Basic Qualifications
: Bachelor's degree, or equivalent work experience Six or more years of related experience Preferred Skills/Experience
: In-Depth knowledge of complex Standby Letters of Credit Thorough knowledge of policies, plans, procedures, products and regulatory requirements for assigned business unit Ability to conduct an analysis of a business need, including scheduling meetings, planning agendas and conferring with business line leaders Strong understanding of project management and testing methodology and procedures Ability to develop test schedules, review testing plans, track test issues and report on test results Strong analytical and forecasting skills Ability to manage multiple tasks/projects and deadlines simultaneously Ability to work as part of a project team 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 (some may vary based on role, location or hours): 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 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. 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: $81,515.00 - $95,900.00
Responsible for providing consultation and guidance regarding standby letter of credit services provided by GTSS to GTSS staff, clients and business partners in addition to performing a variety of duties relating to the processing of transactions necessary to support the banks standby letter of credit portfolio in accordance with applicable regulations, policies and procedures. Services include issuing, amending, advising, confirming and releasing standby letters of credit accordance with organizational policies and guidelines. Key Responsibilities
: Structure Standby Letter of Credit terms and text to meet the needs of specific client transactions. Capable of drafting the more complex Standby Letters of Credit including Syndicated Letters of Credit, Direct-Pay Letters of Credit supporting Industrial Revenue Bonds, Counter and Counter-Counter Standby Letters or Credit. Ensures needed regulatory compliance and credit approvals are obtained prior to issuing and/or releasing Standby LCs. Examines documents for payment under Standby Letters of Credit for compliance with Letter of Credit terms. Works closely with Relationship Managers, clients, beneficiaries, internal and external Counsel as needed to structure and finalize complex Standby Letters of Credit Advises management on developments that impact the department Basic Qualifications
: Bachelor's degree, or equivalent work experience Six or more years of related experience Preferred Skills/Experience
: In-Depth knowledge of complex Standby Letters of Credit Thorough knowledge of policies, plans, procedures, products and regulatory requirements for assigned business unit Ability to conduct an analysis of a business need, including scheduling meetings, planning agendas and conferring with business line leaders Strong understanding of project management and testing methodology and procedures Ability to develop test schedules, review testing plans, track test issues and report on test results Strong analytical and forecasting skills Ability to manage multiple tasks/projects and deadlines simultaneously Ability to work as part of a project team 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 (some may vary based on role, location or hours): 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 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. 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: $81,515.00 - $95,900.00