Standby L/C Specialist: Complex Trade Solutions

U.S. Bank; Charlotte (NC); On-site; USD 76,000 - 89,000; Full time

Benefits offered by this job

Healthcare

Life insurance

Disability insurance

Parental leave

401(k)

Paid vacation

Paid holidays

Adoption assistance

Sick leave

Job summary

U.S. Bank is seeking a Standby Letter of Credit Specialist to manage a portfolio of LC transactions across the full lifecycle. You will collaborate with Relationship Managers, Credit, Compliance, Legal, clients and beneficiaries to deliver accurate, compliant processing with sound risk management.

You will serve as a trusted subject matter expert, guiding complex standby structures, addressing issues, and providing timely insights to partners while maintaining high service levels.

Qualifications

• Six or more years of relevant work experience.
• Deep expertise in standby letters of credit including drafting, issuance, amendments, negotiations, and draw processing.
• Strong knowledge of standby LC structures and associated risks.
• Experience partnering with Relationship Managers, Credit, Compliance, Legal, and clients to resolve complex issues.
• Excellent negotiation, stakeholder management, and communication skills.
• Proficiency with Microsoft Office and LC processing/workflow systems.

Responsibilities

• Draft, structure, and negotiate standby letter of credit language and terms.
• Manage the complete standby letter of credit lifecycle: issuance, amendments, renewals, advising, confirmations, draws, releases.
• Support complex standby LC structures, including syndicated facilities, direct-pay and IRB support.
• Verify required credit approvals and facility availability before processing transactions.
• Apply ISP98 and UCP600 to support transaction execution and guidance.
• Review draw presentations and documentation for LC terms compliance.
• Identify discrepancies, coordinate timely resolutions with stakeholders.
• Serve as a trusted contact for clients, beneficiaries, Relationship Managers, Legal, Compliance, and internal partners.
• Monitor a high-volume portfolio with accuracy, service excellence, and controls.
• Escalate exceptions and provide insights on portfolio trends.

Skills

Standby LC expertise

Drafting

Negotiation

Stakeholder management

Risk management

Attention to detail

Verbal and written communication

ISP98/UCP600 knowledge

MS Office

Education

High school diploma or equivalent

Tools

Microsoft Office

Job description

U.S. Bank is seeking a Standby Letter of Credit Specialist to manage a portfolio of LC transactions across the full lifecycle. You will collaborate with Relationship Managers, Credit, Compliance, Legal, clients and beneficiaries to deliver accurate, compliant processing with sound risk management.

You will serve as a trusted subject matter expert, guiding complex standby structures, addressing issues, and providing timely insights to partners while maintaining high service levels.