Senior AnalystData Scientist

The Maryland State Retirement Agency is the administrator of the Maryland State Retirement and Pension System (System). The System is a defined benefit retirement system covering governmental employees within the State of Maryland. Its composed of twelve (12) separate retirement and pension systems with over 50 different rule sets. The System has over 430000 participants (customers) including 192000 members who are actively employed and participating in the System 165000 payees who receive a monthly payment from the System and 40000 vested members who are no longer actively employed but have earned a benefit that will become payable at a future date.

Located in Baltimores Central Business District SRPS offers a purpose-driven workplace with modern amenities including panoramic city and harbor views renovated common areas upgraded elevators and an on-site café.

Employees enjoy comprehensive state benefits including medical dental prescription coverage generous paid leave participation in the state pension system and supplemental retirement savings options (401(k) 457(b) and more). Additional perks include an on-site fitness center with showers and lockers 24/7 building security and easy access to restaurants shops public transit and major highways.

This is a Special Appointment position and serves at the pleasure of the Appointing Authority.

The Senior Analyst/Data Scientist will help develop the data analytical andquantitative capabilities that support the Investment Divisions research andinvestment processes.

This position spans quantitative research data and researchinfrastructure machine learning applied artificial intelligence andsystematic investment analysis. We recognize that candidates may bringdifferent combinations of expertise. The successful candidate is expected todemonstrate substantial strength in oneormore core areas the ability to contribute across related functions and thecapacity to develop adjacent capabilities over time.

The main purpose of this job:

• Develop and maintain scalable data analytics machine learning and artificial intelligence infrastructure to support scalable quantitative research and investment processes.
• Establish and maintain automated data pipelines and robust data quality controls to ensure the accuracy timeliness and integrity of research and production environments.
• Build and maintain comprehensive feature libraries across macroeconomic cross-asset equity and risk domains to facilitate systematic research and portfolio management.
• Conduct quantitative alpha research utilizing advanced statistical machine learning and modern AI techniques to generate and enhance predictive signals and investment insights.
• Contribute to data and technology scouting efforts partnering with external vendors research institutions and industry participants to evaluate emerging technologies and alternative data sources that may contribute to excess returns.
• Support portfolio operations and execution processes helping ensure efficient implementation and ongoing monitoring of investment strategies.
• Actively participate in macroeconomic and market discussions assessing their implications across asset classes and contributing to portfolio positioning particularly during periods of market stress and extreme conditions.
• Support internally managed portfolios including monitoring exposures risks performance and implementation considerations.
• Collaborate closely with Legal Operations Information Systems Risk Compliance and other stakeholders across the Agency to operationalize new capabilities and ensure the successful deployment of investment and technology initiatives.

Job duties include but are not limited to:

Develop and maintain scalable data analyticsmachine learning and artificial intelligence infrastructure to supportscalable quantitative research and investment processes.

• Build and continuously enhance data analytics and ML/AI infrastructure to support quantitative research signal generation portfolio construction and investment decision-making.
• Implement scalable tools and workflows that improve research efficiency reproducibility and operational robustness across the investment process.
• Partner with investment technology and operations teams to translate research requirements into production-ready capabilities and infrastructure.

Establish and maintain automated data pipelines androbust data quality controls to ensure the accuracy timeliness and integrityof research and production environments.

• Design develop and maintain automated data ingestion and processing pipelines to ensure timely and reliable access to investment data.
• Design develop and maintain data quality control process to ensure the accuracy timeliness and integrity of research and production environments.

Conduct quantitative alpha research utilizingadvanced statistical machine learning and Modern AI techniques to generateand enhance predictive signals and investment insights.

• Stay abreast of emerging developments in machine learning artificial intelligence and quantitative methodologies and evaluate their applicability to investment research and portfolio management.
• Develop and apply advanced statistical machine learning and AI techniques to macroeconomic cross-asset equity and risk datasets to identify predictive relationships and generate alpha signals.
• Research and model macroeconomic trends market regimes asset class returns and risk dynamics to enhance forecasting and support investment decision-making.
• Build and maintain systematic forecasting frameworks for economic conditions market environments and asset price movements across global markets.
• Evaluate model performance and continuously refine methodologies to improve predictive accuracy robustness and risk-adjusted investment outcomes.
• Translate research findings into actionable insights that support portfolio construction risk management and dynamic asset allocation decisions.

Contribute to data and technology scouting effortspartnering with external vendors research institutions and industryparticipants to evaluate emerging technologies and alternative data sourcesthat may contribute to excess returns.

• Identify and evaluate emerging technologies AI capabilities and alternative data sources that have the potential to enhance investment research and generate excess returns.
• Partner with external vendors academic institutions and industry participants to assess innovative datasets analytical tools and quantitative methodologies.
• Participates proof-of-concept studies and pilot programs to validate the investment value scalability and operational feasibility of new technologies and data solutions.

Education:Degree in quantitative disciplinesuch as Mathematics Statistics Computer Science Data Science PhysicsEngineering Economics or Finance.

Experience:Three years of relevant investments or finance experience.

Note:Applicants can substitute a minimum of four years of relevant investments or finance for the required education qualification.

We welcome candidates who have developed relevant investmentexpertise through different professional paths. Although experience acrossmulti-asset is valuable candidates are not expected to have worked in everyasset class in investment field or to satisfy every preferred qualification. Weencourage applicants to apply who bring strong expertise in one or more coreareas demonstrate the ability to learn and contribute to adjacent disciplinesand can collaborate effectively across investment technology risk legalcompliance and operational teams.

PREFERRED QUALIFICATIONS

1)Demonstrated understanding ofmacroeconomics equities fixed income foreign exchange commodities andfinancial instruments.

2)Experience applying modern AImethodologies to information gathering processing forecasting alphageneration portfolio construction and investment decision-making.

3)Ability to integrate quantitative researchand financial market knowledge to develop innovative investment capabilities.

4)Ability to explain complex technical conceptsclearly to colleagues with different professional and technical backgrounds.

A resume and cover letter are required to be uploaded withyour application as well as an official transcript.

Due to the confidential nature of the work selectedcandidates must undergo and pass a background and credit check.

Please make sure that you provide sufficient information on your application to show that you meet the minimum selective and preferred qualifications for this recruitment. All information concerning your qualifications must be submitted by the closing date. We will not consider information submitted after this date.

Successful candidates will be ranked as Best Qualified Better Qualified or Qualified and placed on the employment (eligible) list for at least one year or be placed on a register for at least one year. This list will be used by the hiring agency to select candidates for interviews in-person or virtually.

The assessment may consist of a rating of your education training and experience related to the requirements of the position. It is important that you provide complete and accurate information on your application. Please report all experience and education that is related to this position.

You may be asked to complete a supplemental questionnaire. The supplemental questionnaire may be used as part of the rating process. Therefore it is important that you provide complete and accurate information on your application.

The online application process is STRONGLY preferred. If you are unable to apply online you may mail a paper application and supplemental questionnaire to:

Maryland State Retirement and Pension Systems

Human Resources Section

120 E. Baltimore Street

Baltimore MD 21202

Email Nick Pindale at

PLEASE DO NOT SUBMIT UNSOLICITED DOCUMENTATION

The resulting certified eligible list for this recruitment may be used for similar positions in this or other State agencies.

As an equal opportunity employer Maryland is committed to recruiting retaining and promoting employees who are reflective of the States diversity.

People with disabilities and bilingual candidates are encouraged to apply.

We thank our Veterans for their service to our country.

TTY Users: call via Maryland Relay

For education obtained outside the U.S. a copy of the equivalent American education as determined by a foreign credential evaluation service must be provided prior to hire.