Hybrid Senior Standby Letter of Credit Specialist - Operations

at U.S. Bank

• Job title: Senior Standby Letter of Credit Specialist - Operations
• Job type: Full Time
• Experience level: Senior
• Salary: $86,360 - $101,600 per year
• Degree requirement: High School Diploma
• Location requirements: Hybrid, Charlotte, United States

About the role

• Senior Standby Letter of Credit Specialist managing complex standby letter of credit transactions for clients. Collaborating with internal teams to ensure compliance and precise handling of the LC lifecycle.

Responsibilities

• 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.
• 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

• 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

• 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