Standby L/C Expert for Complex Trade Finance

Usbank; Saint Paul (MN); On-site; USD 76,000 - 89,000; Full time

Benefits offered by this job

Healthcare (medical, dental, vision)

401(k) and retirement plan

Paid vacation

Holiday opportunities

Adoption assistance

Job summary

U.S. Bank is seeking a Standby Letter of Credit Specialist to manage complex standby L/C transactions for commercial and corporate clients. You will collaborate with Relationship Managers, Credit, Compliance, Legal, and clients to deliver precise terms and sound risk management.

The role emphasizes drafting, negotiation, and lifecycle oversight, with a focus on regulatory compliance and exceptional client service. Location-based schedule and benefits are described in the posting.

Qualifications

• Standby letters of credit expertise including drafting, issuance, amendments, negotiations, and draw processing.
• Strong understanding of standby L/C structures and risks.
• Knowledge of ISP98 and/or UCP 600.
• Experience partnering with Relationship Managers, Credit, Compliance, Legal, and clients.
• Strong negotiation and stakeholder management skills.
• Ability to interpret client requirements into clear L/C language.
• Attention to detail and risk awareness.
• Ability to manage multiple deadlines and high transaction volumes.
• Excellent verbal and written communication skills.
• Proficiency with Microsoft Office and L/C processing/workflow systems.

Responsibilities

• Draft, structure, and negotiate standby letter of credit language.
• Manage the complete standby letter of credit lifecycle, including issuance, amendments, renewals, advising, confirmations, draws, and releases.
• Support complex standby letter of credit structures, including syndicated facilities, direct-pay and IRB support transactions, counter standby letters of credit, and counter-counter standby letters of credit.
• Verify required credit approvals and facility availability before processing transactions.
• Apply industry rules and standards including ISP98 and UCP 600 to support transaction execution and client guidance.
• Review draw presentations and associated documentation for compliance with letter of credit terms.
• Identify discrepancies, communicate findings, and coordinate timely resolutions with stakeholders.
• Serve as a trusted point of contact for clients, beneficiaries, Relationship Managers, Legal, Compliance, and internal business partners.
• Monitor a high-volume portfolio while maintaining accuracy, service excellence, and operational controls.
• Escalate exceptions, operational risks, and urgent issues while providing meaningful insights on portfolio trends and activity.

Skills

L/C drafting

L/C issuance

L/C amendments

L/C negotiations

Draw processing

ISP98/UCP600 knowledge

Stakeholder management

Regulatory/risk awareness

Client communication

Relationship management

Education

High school diploma or equivalent

Tools

Microsoft Office

Credit processing software

Workflow systems

Job description

U.S. Bank is seeking a Standby Letter of Credit Specialist to manage complex standby L/C transactions for commercial and corporate clients. You will collaborate with Relationship Managers, Credit, Compliance, Legal, and clients to deliver precise terms and sound risk management.

The role emphasizes drafting, negotiation, and lifecycle oversight, with a focus on regulatory compliance and exceptional client service. Location-based schedule and benefits are described in the posting.