at MIDLAND STATES BANK in Rockford, Illinois, United States
Job Description
Position Title: Intern - Portfolio Management (WM)
Locations: Rockford_IL
Time Type: Full time
Req ID: JR1239-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.
Intern – Portfolio Management (WM)
Rockford, IL
Rate of Pay: $15 an hour
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.
Position Summary
The Portfolio Management Intern will join the Wealth Management team to gain hands-on experience in investment analysis, client service, and portfolio construction. This internship offers exposure to real-world financial decision-making and provides the opportunity to contribute to projects that impact client portfolios. Working closely with Portfolio Managers and Analysts, the intern will develop technical, analytical, and professional skills while supporting key initiatives across research, client onboarding, and investment operations.
Primary Accountabilities
- Assist with investment research on third-party fund providers and asset managers.
- Support client onboarding, documentation, and portfolio review preparation.
- Contribute to the preparation of investment proposals, client reports, and market commentary.
- Participate in portfolio monitoring and rebalancing activities, gaining exposure to performance evaluation and risk assessment.
- Support the due dili
Equal employment opportunity, including veterans and individuals with disabilities.PI279392959
