Senior Standby Letter of Credit Specialist

U.S. Bank

Senior Standby Letter of Credit Specialist managing complex standby letter of credit transactions at U.S. Bank.

Posted 6/25/2026full-timeCharlotte • Minnesota, North Carolina, Oregon • 🇺🇸 United StatesSenior💰 $86,360 - $101,600 per yearWebsite

About the role

Key responsibilities & impact

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

Requirements

What you’ll need

High school diploma or equivalent
Eight or more years of relevant work experience
Standby Letter of Credit experience is required
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

Benefits

Comp & perks

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

ATS Keywords

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Applicant Tracking System Keywords

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Hard Skills & Tools

standby letter of creditdraftingissuingamendmentsdraw processingISP98UCP 600transaction managementrisk managementcompliance review

Soft Skills

negotiationstakeholder managementproblem-solvingattention to detailsound judgmentcommunicationcollaborationtime managementambiguity resolutionquality improvement