Portfolio Manager - Team Lead

at MIDLAND STATES BANK in Rockford, Illinois, United States

Job Description

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.

Position Summary

The Portfolio Manager Team Lead will provide discretionary management for the most complex trust and high net worth portfolios in accordance with clients’ unique needs, governing documents, firm guidelines and fiduciary standards. The Team Lead is an integral driver in the development and monitoring of the Bank’s investment strategy as well as the construction of the fixed income and/or equity portfolios. This position is a leadership role.

Primary Accountabilities


  • Manages a team of professionals in a customer-centric culture to excel in a fast-paced environment.
  • Coaches, develops, and conducts performance management activities with direct and indirect reports.
  • Identifies high-potential employees for advanced training and development opportunities.
  • Effectively manages poor performers.

Client Engagement

  • Establishes investment objectives, articulates tailored investment strategies, and provides recommendations and explanations of account performance.
  • Leads the development and maintenance of client equity portfolios, conducting research and providing mentorship to Research Analysts.
  • Effectively communicates and promotes our investment philosophy to clients, prospects, and centers of influence.
  • Leads the Senior Portfolio Managers and Portfolio Managers in ensuring consistent client communication aligned with the broader investment team’s views.
  • Collaborate with Relationship Managers and Wealth Advisors to develop new business through clear communication of solutions and value propositions.
  • Assists in coaching of Advisors on the Registered Investment Advisor (RIA) platform, fostering shared success in managing and growing their business.
  • Serves as a subject matter expert in annuities, fixed income, equities, and various types of liquid and illiquid private assets to provide recommendations for complex portfolio solutions.
  • Works closely with the financial planning team to integrate investment solutions into the financial planning process and ensure proper communication to clients.
  • Maintains a current awareness of new investment strategies and instruments through regular contact with industry professionals and personal research.
  • Identifies and refers business opportunitie


    Midland States Bank is an Equal Opportunity Employer and does not discriminate against any applicants for employment based on their race, color, religion, sex (including pregnancy, sexual orientation, or gender identity), national origin, age, physical or mental disability, genetic information, veteran status, uniformed service member status, or any other status protected by law.
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Job Posting: 11988823

Posted On: Jun 19, 2024

Updated On: Jul 01, 2024

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