U.S. Bank · 4 hours ago
Senior Standby Letter of Credit Specialist
St Paul, MN
Full-time
Onsite
Senior Level
$82K/yr - $96K/yr
6+ years expU.S. Bank is committed to helping customers and communities thrive through better financial decisions. They are seeking a Senior Standby Letter of Credit Specialist responsible for providing consultation and guidance on standby letter of credit services, processing transactions, and ensuring compliance with regulations and policies.
BankingFinancial ServicesInsuranceMortgageWealth Management
Responsibilities
Structure Standby Letter of Credit terms and text to meet the needs of specific client transactions
Capable of drafting the more complex Standby Letters of Credit including Syndicated Letters of Credit, Direct-Pay Letters of Credit supporting Industrial Revenue Bonds, Counter and Counter-Counter Standby Letters or Credit. Ensures needed regulatory compliance and credit approvals are obtained prior to issuing and/or releasing Standby LCs
Examines documents for payment under Standby Letters of Credit for compliance with Letter of Credit terms
Works closely with Relationship Managers, clients, beneficiaries, internal and external Counsel as needed to structure and finalize complex Standby Letters of Credit
Advises management on developments that impact the department
Qualification
Required
Bachelor's degree, or equivalent work experience
Six or more years of related experience
Preferred
In-Depth knowledge of complex Standby Letters of Credit
At least 6 years of Standby Letters of Credit exposure
Thorough knowledge of policies, plans, procedures, products and regulatory requirements for assigned business unit
Ability to conduct an analysis of a business need, including scheduling meetings, planning agendas and conferring with business line leaders
Strong understanding of project management and testing methodology and procedures
Ability to develop test schedules, review testing plans, track test issues and report on test results
Strong analytical and forecasting skills
Ability to manage multiple tasks/projects and deadlines simultaneously
Ability to work as part of a project team
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
Company
U.S. Bank
At U.S.
10001+ employees
Funding
Current Stage
Public CompanyTotal Funding
$991MKey Investors
U.S. Department of the TreasuryMitsubishi UFJ Financial Group
2023-09-29Post Ipo Debt· $55M
2023-08-03Post Ipo Debt· $936M
1978-01-13IPO
Leadership Team
John C Stern
CFO
Daniel Crozier
Senior Vice President Operations
Recent News
2025-12-24
2025-12-17
2025-12-17
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