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

GRADE

MSRP 0009

LOCATION OF POSITION

120 East Baltimore Street

Baltimore, Maryland 21202

Main Purpose of Job

The Senior Analyst/Data Scientist will help develop the data, analytical, and quantitative capabilities that support the Investment Division's research and investment processes.

This position spans quantitative research, data and research infrastructure, machine learning, applied artificial intelligence, and systematic investment analysis. We recognize that candidates may bring different combinations of expertise. The successful candidate is expected to demonstrate substantial strength in one or more core areas, the ability to contribute across related functions, and the capacity 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.

POSITION DUTIES

Job duties include but are not limited to:

Develop and maintain scalable data analytics, machine learning, and artificial intelligence infrastructure to support scalable 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 and robust data quality controls to ensure the accuracy, timeliness, and integrity of 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 utilizing advanced statistical, machine learning, and Modern AI techniques to generate and 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 efforts, partnering with external vendors, research institutions, and industry participants to evaluate emerging technologies and alternative data sources that 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.

Other duties as assigned.

MINIMUM QUALIFICATIONS

Education: Degree in quantitative discipline such as Mathematics, Statistics, Computer Science, Data Science, Physics, Engineering, 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.

DESIRED OR PREFERRED QUALIFICATIONS

We welcome candidates who have developed relevant investment expertise through different professional paths. Although experience across multi-asset is valuable, candidates are not expected to have worked in every asset class, in investment field or to satisfy every preferred qualification. We encourage applicants to apply who bring strong expertise in one or more core areas, demonstrate the ability to learn and contribute to adjacent disciplines, and can collaborate effectively across investment, technology, risk, legal, compliance, and operational teams.

PREFERRED QUALIFICATIONS

1) Demonstrated understanding of macroeconomics, equities, fixed income, foreign exchange, commodities, and financial instruments.

2) Experience applying modern AI methodologies to information gathering, processing, forecasting, alpha generation, portfolio construction, and investment decision-making.

3) Ability to integrate quantitative research, and financial market knowledge to develop innovative investment capabilities.

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

SPECIAL REQUIREMENTS

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

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

SELECTION PROCESS

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.

EXAMINATION PROCESS

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.

BARGAINING UNIT STATUS

This position is exempt from Bargaining.

BENEFITS

This is a full-time, permanent position and eligible for full State benefits, which include:

• Hybrid teleworking
• Paid holidays 12-13 per year
• Generous paid leave package (annual, sick, personal and compensatory leave)
• State Pension ("defined benefit" plan)
• Tax-deferred supplemental retirement savings plans (401(k) and 457)
• Comprehensive, subsidized health, dental and prescription plans with little to no deductibles, free generic prescriptions, and free preventative health services
• Flexible Spending Account plans for Health Care and Daycare
• State Employees Credit Union

To Learn more, please click this link:

STATE OF MARYLAND BENEFITS

FURTHER INSTRUCTIONS

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 [email protected]

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.