Excited states in $^{214}\mathrm{Po}$ have been populated using the $^{18}\mathrm{O}$ $+$ $^{208}\mathrm{Pb}$ reaction at 85-MeV beam energy and studied with the Euroball IV $\ensuremath{\gamma}$-multidetector array. The level scheme has been built up to $~2.7$-MeV excitation energy and spin $I=12\ensuremath{\hbar}$ from the triple-$\ensuremath{\gamma}$ coincidence data. Spin and parity values of most of the observed states have been assigned from the $\ensuremath{\gamma}$-angular properties. The configurations of the yrast states are discussed using results of empirical shell-model calculations and by analogy with the neighboring nuclei. The $^{214}\mathrm{Po}$ level scheme established in this work constitutes an important step for the determination of the effective nucleon-nucleon interactions beyond $N=126$.