Senior Standby Letter of Credit Specialist - Operations
Minnesota Jobs, Charlotte, NC, United States
Senior Standby Letter Of Credit Specialist
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.
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 (2030 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 mindsetdriving issues to resolution and escalating when appropriate
Locations:
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:
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 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.
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 (2030 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 mindsetdriving issues to resolution and escalating when appropriate
Locations:
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:
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.