Description

Position Title: Portfolio Manager (WM)

Locations: Rockford_IL

Time Type: Full time

Req ID: JR1264-Rockford_IL

At Midland, we're proud to be a little different. You can see it in our bright orange signs-but there's more to it than that. With our heartfelt and personalized approach, we're focused on meeting every customer's needs with the brightest solutions.

For more than 140 years, we've learned by serving customers skillfully with dedication and follow-through, we can brighten every interaction to drive our collective success. And this goes beyond traditional banking.

We foster programs that empower our communities, continuously invest in our employees, and actively pursue brighter futures for all.

Our humble ambition keeps us growing, giving back, and looking ahead. We're innovating and optimizing our services to ensure we stay unique - providing strength you can count on with heart you can feel.

You might say we're unlike any other bank.

And you'd be right."

At Midland States Bank, base salary is one component of our Total Rewards program. Exact compensation is determined by factors such as (but not limited to) education, skills, internal equity, and experience. This position offers additional compensation in the form of short-term incentives (i.e. bonus and/or commission) and may include long-term incentives (i.e. stock awards). Benefits for this role include comprehensive healthcare, well-being benefits, paid family leave as well as generous paid time off. Total Rewards also include banking perks, an Employee Stock Purchase Plan, 401K plan with company match and may include the opportunity to participate in our Non-Qualified Deferred Compensation plan. Incentives and benefits are subject to eligibility requirements.

Portfolio Manager Wealth Management

Salary Range: $87,800 - $117,000+ annually

Position Summary

The Portfolio Manager will manage a book of investment accounts generally involving client servicing and being a resource for Advisors to assist them with questions. The Portfolio Manager is expected to participate in the oversight the Wealth Management investment strategy. This position is an individual contributor role.

Primary Accountabilities

• Assists in development of asset allocation and investment programs tailored to individual client objectives and risk tolerance.
• Maintains active communication with clients and advisors, providing ongoing support in managing high-net-worth client relationships and prospects.
• Recommends appropriate investment products and services, based on objectives, risk tolerance and optimal asset allocations.
• Monitors and communicates the performance of individual accounts and investment strategies.
• Stays current on recommended amendments to approved lists and buy/sell recommendations for selected strategies.
• Stays abreast of industry trends by maintaining awareness of new investment strategies and instruments through regular contact with industry professionals and personal research.
• Contributes content for investment newsletters, internal/external information pieces and presentations in collaboration with third party information sources.
• Effectively communicates and promotes our investment philosophy to clients, prospects and centers of influence.
• Identifies opportunities for additional product cross-selling to existing clients.
• Develops and maintains a referral network of internal and external sources for additional sales opportunities.
• Completes all sales activity documentation for performance tracking and targeting future sales efforts.
• Identifies and refers business to other areas within the Bank as appropriate.
• Strictly adheres to compliance and operational risk controls in accordance with Bank and regulatory standards.
• The role requires occasional travel for training and team meetings, and willingness to travel periodically, to locations within market as needed.
• Expected to maintain a regular work schedule in a Midland office to ensure collaboration and support of internal and external customers.
• Maintain compliance with all applicable regulations including, but not limited to, the Bank Secrecy Act (BSA).
• Other duties as assigned.

Position Qualifications

Education/Experience:

• Bachelor's degree or equivalent in business or finance related studies.
• Advanced degree or relevant industry certifications are preferred, but not required (i.e. MBA, CFA (Chartered Financial Analyst), CIMA (Certified Investment Management Analyst), etc.).
• 5-10 years previous experience in wealth or investment management or advanced credentials.
• Strong oral, written, and interpersonal communication skills.
• Strong organization and time management skills.
• Strong attention to detail.
• Ability to work independently and as part of a team.

Competencies:

• Business insight
• Cultivates innovation
• Drives results
• Makes sound decisions
• Being a brand champion
• Collaborates
• Communicates effectively
• Customer focus
• Being Authentic
• Emotional Intelligence
• Self development
• Being flexible and adaptable

If you require reasonable accommodation in completing this application, interviewing, completing any pre-employment testing, or otherwise participating in the employee selection process, please direct your inquiries to Midland States Bank Human Resources at HR@midlandsb.com.

THIS JOB DESCRIPTION DOES NOT CONSTITUTE A CONTRACT FOR EMPLOYMENT

At Midland States Bank, we believe that when we can bring our whole selves to work each day, we become happier, more comfortable, more confident and more excited to do great things for our customers, each other and our company. We're proud to be an Equal Opportunity and Affirmative Action employer. At Midland, we recruit, employ, train, compensate and promote without regard to race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability, age, or veteran status. If you are looking for a place to grow, we encourage you to apply at Midland States Bank, because you belong here.

If you require reasonable accommodation in completing this application, interviewing, completing any pre-employment testing, or otherwise participating in the employee selection process, please direct your inquiries to Midland States Bank Human Resources at HR@midlandsb.com.

Midland States Bank may use automated tools and artificial intelligence ("AI") to assist with recruiting, screening, and hiring decisions. In accordance with the Illinois Human Rights Act (effective January 1, 2026), these tools are designed and monitored to be neutral and job-related, and must not be used in a way that discriminates against applicants or employees based on any protected characteristic.

THIS JOB DESCRIPTION DOES NOT CONSTITUTE A CONTRACT FOR EMPLOYMENT

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