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 related financial instruments
Domain
International and commercial banking
Required skills
Standby letter of credit drafting and negotiation, transaction lifecycle management, ISP98 and UCP 600 application, discrepancy identification and resolution, stakeholder coordination, risk management, high-volume portfolio monitoring
Preferred skills
Deep expertise in complex standby letter of credit structures, syndicated facilities, direct-pay and IRB support transactions, counter standby letters, strong analytical and problem-solving capabilities, proficiency with letter of credit processing systems
Technologies
ISP98, UCP 600, 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 for compliance; identify discrepancies and coordinate resolutions; serve as a trusted point of contact for clients and internal partners; monitor high-volume portfolio for accuracy and operational controls; escalate exceptions and provide insights on portfolio trends
Seniority
Mid-level, hands-on IC
