Standby Letter of Credit Specialist - Operations
Core
Manage and administer a portfolio of standby letters of credit throughout the full transaction lifecycle for sophisticated commercial and corporate clients.
Role type
Standby Letter of Credit Specialist (Operations)
Builds
Standby letter of credit transactions and structures
Domain
International and commercial banking
Required skills
Standby letter of credit expertise, ISP98/UCP 600 knowledge, transaction lifecycle management, discrepancy identification, stakeholder collaboration, risk management, negotiation, regulatory compliance
Preferred skills
Complex structure design, syndicated facility experience, direct-pay/IRB support, counter standby expertise, high-volume portfolio management, analytical problem-solving
Technologies
Microsoft Office, letter of credit processing and workflow systems
Responsibilities
Draft, structure, and negotiate standby letter of credit language and terms; Manage issuance, amendments, renewals, advising, confirmations, draws, and releases; Verify credit approvals and facility availability; Review draw presentations and associated documentation for compliance; Identify discrepancies and coordinate timely resolutions; Monitor high-volume portfolio for accuracy and operational controls; Escalate exceptions and operational risks.
Seniority
Mid-Senior level, hands-on IC