Magnetorheological fluid (MRF) has received significant attention lately and MRF based devices have been proposed for structural control applications in recent years. The unique characteristics of MR fluid lies in its abilities to reversibly, repeatedly and instantly change from a free flowing liquid to a semi-solid state when exposed to a magnetic field. The electric power required to drive the MR devices can be easily provided by a battery. Possessing such unique properties, MR fluid based devices, such as MR damper, have become promising candidates in the semi-active control for civil structure applications. However, most of the published research has focused on application of MR dampers instead of exploring other type of MR devices. In addition, MR based devices exhibit complex nonlinear hysteresis behaviour and thus making their modelling a challenging task. In this paper, a novel MR fluid based device, namely MR pin joint, is proposed as a smart structural member in development of an intelligent civil structure that can suppress unwanted vibrations to ensure safety and serviceability of the structure. After design and fabrication, experiments have been conducted to characterise dynamic behaviours of the new device under different harmonic excitations with various input currents. Response time of the MR pin joint is compared when the MR pin joint is driven under different applied currents and moving speeds. Test data shows that the MR pin joint possesses a unique behaviour in the moment-angular velocity plot. A hyperbolic hysteresis model is proposed to model such unique behaviour. The investigation presented in the paper explores dynamic performance of MR pin joint. Finally, a parametric model is developed following the investigation on the correlation of coefficients in the proposed model with the loading conditions and applied currents.