Portfolio Implementation Analyst (WM)

Position Title: Portfolio Implementation Analyst (WM)

Locations: Rockford_IL

Time Type: Full time

Req ID: JR1092-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.

Salary Range: $63,200 - $85,400 annually

Position Summary

The Portfolio Implementation Analyst position is responsible for implementing and monitoring portfolio investment plans, routine and daily account administration, and researching/analyzing more complex client issues with help from the portfolio management team. The Analyst may also assist with some aspects of investment research and participate with some client meetings. This position is an individual contributor role.

Primary Accountabilities

• Executes investment plans for client investment portfolios with a primary focus on accuracy and efficiency.
• Monitors accounts on a day-to-day basis to identify opportunities for review and trading, ensuring alignment with the investment plans determined by the Advisor and/or Portfolio Manager.
• Leads the rebalancing process for accounts tracking internal investment model strategies.
• Identifies constraints within the portfolio management software and proactively proposes scalable solutions.
• Collaborates with the investment research team to discuss optimal methods for implementing evolving investment strategies.
• Works closely with the client facing Advisors, Portfolio Managers, and Trust Officers to ensure seamless implementation of accounts in line with client discussions.
• Monitors individual fixed income accounts to facilitate the reinvestment of maturities.
• Assists with monitoring and managing accounts in various composites for performance tracking.
• Monitors corporate actions and collaborates with the investment team to determine the appropriate course of action.
• Assists the portfolio management team in completing Regulation 9 reviews for specified accounts.
• Strictly adheres to compliance and operational risk controls in accordance with Bank and regulatory standards.
• May require work 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.
• 3 years of related professional experience.
• Previous experience in wealth or investment management is a plus.
• 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
  
  

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.

THIS JOB DESCRIPTION DOES NOT CONSTITUTE A CONTRACT FOR EMPLOYMENT