Global Trade/foreign Exchange Operations Associate

Job Opportunity At U.S. Bank

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

We are seeking a highly motivated professional to join our Global Trade & Standby Services (GTSS) and Foreign Exchange (FX) operations team, specializing in Commercial Letters of Credit (CLOC) and trade-related payment processing. This role is critical for ensuring accurate and timely execution of international trade transactions in a fast-paced environment.

Key Responsibilities:

• Process payments, exceptions, discounts, reimbursement claims, and all supporting activities for the Commercial Letters of Credit (CLOC) payment team.
• Handle GTSS products such as Import/Export Letters of Credit, documentary collections, banker's acceptances, and Standby Letters of Credit.
• Manage FX products including international remittances/payments, settlements, and investigations.
• Review, execute, and reconcile transactions and related documentation, ensuring compliance with established service levels, policies, and government regulations.
• Examine trade-related documents to guarantee payment conditions under Letters of Credit.
• Apply knowledge of ICC Uniform Customs and Practice for Documentary Credits (UCP 600), ICC Incoterms (2010–2020), and other international trade rules for shipping and freight.
• Collaborate with internal and external stakeholders to resolve complex issues and maintain smooth transaction flows.
• Adapt to different systems, processes, and product levels while maintaining accuracy and compliance.

Basic Qualifications:

• High school diploma or equivalent
• Three or more years of relevant work experience

Preferred Skills/Experience:

• Thorough knowledge of international banking products, payment services, foreign exchange, and general bank operating policies and procedures
• Strong problem-solving and client servicing skills
• Ability to identify and resolve errors and complex issues with minimal guidance
• Effective verbal and written communication skills
• Proficient computer navigation skills using a variety of software packages, including Microsoft Office applications
• Familiarity with trade-related documentation and compliance standards (UCP 600, ICC Incoterms)
• Ability to multitask and thrive in a fast-paced environment

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. Location Requirement: Candidates must reside in or near Saint Paul, MN and Gresham, OR

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.

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

U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.

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: $27.50 - $36.68