Our Ability Jobs

At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One.

Job Description

The Standby Letter of Credit Specialist will take a leadership role in managing the Auto Extend portfolio within the Standby Letter of Credit Team. This role is critical to ensuring that the Auto Extend process is executed accurately and in accordance with credit policy and the terms of each letter of credit. The specialist will be responsible for coordinating with business lines and relationship managers, monitoring relevant queues and shared mailboxes, and ensuring that all necessary Notices of Non-Extension are processed and dispatched within the required deadlines.

Key Responsibilities :

• Take ownership of the Auto-Extend portfolio, ensuring that all processes are managed effectively and within the stipulated Standby Letter of Credit (SLC) timelines.

• Contact the business line and/or relationship manager to obtain approval for Auto-Extending SLCs.

• Monitor incoming approvals and instructions from business lines.

• Monitor instructions received from business lines to send out a Notice of Non-Extension.

• Track deadlines closely to ensure that a Notice of Non-Extension is sent out if approval is not received from the business line or relationship manager per credit policy.

• Process Auto-Extensions where applicable and ensure all deadlines are met.

• Prepare and process Notices of Non-Extensions, ensuring that they are dispatched before the required deadline as specified in each SLC.

• Monitor deadlines to ensure compliance with the terms of standby letter of credit. Failure to meet these deadlines could result in significant financial and reputational risk to the organization.

• Maintain clear and consistent communication with business lines, relationship managers, and other relevant stakeholders to ensure all parties are informed and aligned.

• Ensure all activities comply with internal policies, minimizing risk to the organization.

• Identify opportunities for process improvements within the Auto Extend management process and work collaboratively with the team to implement these changes.

Basic Qualifications

• High school diploma or equivalent

• Five or more years of relevant work experience

Preferred Skills/Experience

• Advanced knowledge of specific international banking products, payment services, foreign exchange and general bank operating policies and procedures

• Strong problem-solving and client servicing skills

• Ability to clearly and concisely share ideas and information with all stakeholders

• Experience in fostering a cooperative and supportive team environment

• Ability to identify and focus on high-priority task to meet deadlines effectively

• Ability to identify and resolve/escalate complex problems with minimal guidance

• Effective verbal and written communication skills

• Proficient computer navigation skills using a variety of software packages including Microsoft Office applications

Location Expectations

The role offers a hybrid/flexible schedule, which means there's an in-office expectation of 3 or more days per week and the flexibility to work outside the office location for the other days.

#WCIBO

#USBOps

If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants (https://careers.usbank.com/global/en/disability-accommodations-for-applicants) .

Benefits:

Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following (some may vary based on role, location or hours):

• 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

EEO is the Law

U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors. Applicants can learn more about the company’s status as an equal opportunity employer by viewing the federal KNOW YOUR RIGHTS (https://eeoc.gov/sites/default/files/2023-06/22-088_EEOC_KnowYourRights6.12ScreenRdr.pdf) EEO poster.

E-Verify

U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program (https://careers.usbank.com/verification-of-eligibility-for-employment) .

The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $29.42 - $39.23 - $43.15

U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.

Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.

Job postings typically remain open for approximately 20 days of the posting date listed above, however the job posting may be closed earlier should it be determined the position is no longer required due to business need. Job postings in areas with a high volume of applicants, such as customer service, contact center, and Financial Crimes investigations, remain open for approximately 5 days of the posting listed date.