The first table below looks at the demand for Basel III skills in IT contracts advertised for the Canary Wharf region. Included is a guide to the average contractor rates offered in IT contracts that have cited Basel III over the 3 months to 22 May 2013 with a comparison to the same period in the previous 2 years. The second table is for comparison and provides aggregates for all of the Quality Assurance & Compliance category for the Canary Wharf region.

Note that daily contractor rates and hourly contractor rates are treated separately. When calculating average contractor rates, daily rates are not derived from quoted hourly rates or vice versa.

Location
3 months to
22 May 2013
Same period 2012 Same period 2011
Basel III
Rank 45 47 56
Rank change year-on-year
+2 +9
Contract jobs citing Basel III 7 3 2
As % of all contract IT jobs located in Canary Wharf 1.741% 0.767% 0.400%
As % of the Quality Assurance & Compliance category 21.21% 13.04% 5.405%
Number of daily rates quoted 5 1 2
Average daily rate £600 £375 £588
Average daily rate % change year-on-year
+60.00% -36.17%
UK excluding London average daily rate £410 £448 -
% change year-on-year
-8.37% -
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
All Quality Assurance & Compliance
Canary Wharf
Contract IT job ads with a match in the
Quality Assurance & Compliance category
33 23 37
As % of all contract IT jobs located in Canary Wharf 8.209% 5.882% 7.400%
Number of daily rates quoted 29 8 22
Average daily rate £500 £455 £575
Average daily rate % change year-on-year
+9.89% -20.86%
90% offered a daily rate of more than £176 £428 £393
10% offered a daily rate of more than £700 £700 £600
UK excluding London average daily rate £350 £350 £375
% change year-on-year
- -6.66%
Number of hourly rates quoted 0 1 0
Average hourly rate - £65.00 -
UK excluding London average hourly rate £17.50 £16.00 £30.00
% change year-on-year
+9.37% -46.66%
Basel III
London

Basel III
Jobs Demand Trend

This chart provides a 3-month moving total of IT contractor jobs citing Basel III across the Canary Wharf region as a proportion of the total demand within the Quality Assurance & Compliance category.

Canary Wharf Basel III Jobs Demand Trend

Basel III
Daily Rate Trend

This chart provides the 3-month moving average for daily rates quoted in IT contract jobs citing Basel III across the Canary Wharf region.

Canary Wharf Basel III Daily Rate Trend

Basel III
Top 23 Related IT Skills

For the 6 months to 22 May 2013, IT contractor jobs across the Canary Wharf region citing Basel III also mentioned the following IT skills in order of popularity. The figures indicate the number of jobs and their proportion against the total number of contract IT job ads sampled that cited Basel III.

1 5 (55.56%) Derivative
1 5 (55.56%) Credit Risk
1 5 (55.56%) Monte Carlo Method
2 4 (44.44%) Boost C++ Libraries
2 4 (44.44%) Analytics
2 4 (44.44%) Investment Banking
2 4 (44.44%) PowerShell
2 4 (44.44%) Banking
2 4 (44.44%) C#
2 4 (44.44%) C++
2 4 (44.44%) SQL
2 4 (44.44%) STL
2 4 (44.44%) Windows
3 3 (33.33%) Project Management
3 3 (33.33%) Basel II
4 2 (22.22%) Stakeholder Management
5 1 (11.11%) Equities
5 1 (11.11%) Programme Management
5 1 (11.11%) Credit Derivative
5 1 (11.11%) Private Banking
5 1 (11.11%) Change Management
5 1 (11.11%) Front Office
5 1 (11.11%) Foreign Exchange (FX)

Basel III
Top Related IT Skills by Category

For the 6 months to 22 May 2013, IT contractor jobs across the Canary Wharf region citing Basel III also mentioned the following IT skills grouped by category. The figures indicate the number of jobs and their proportion against the total number of contract IT job ads sampled that cited Basel III. Up to 20 skills are shown per category.

Application Development
1 4 (44.44%) Boost C++ Libraries
1 4 (44.44%) STL
General
1 4 (44.44%) Investment Banking
1 4 (44.44%) Banking
2 1 (11.11%) Private Banking
2 1 (11.11%) Front Office
Job Titles
1 4 (44.44%) Credit Risk Developer
1 4 (44.44%) Developer
1 4 (44.44%) C++ Developer
2 2 (22.22%) Business Analyst
2 2 (22.22%) Analyst
3 1 (11.11%) Technical Business Analyst
3 1 (11.11%) Credit Risk Analyst
3 1 (11.11%) Technical Analyst
3 1 (11.11%) Credit Analyst
3 1 (11.11%) Credit Risk Business Analyst
3 1 (11.11%) Risk Analyst
3 1 (11.11%) Programme Manager
Miscellaneous
1 5 (55.56%) Derivative
1 5 (55.56%) Credit Risk
2 1 (11.11%) Equities
2 1 (11.11%) Credit Derivative
2 1 (11.11%) Foreign Exchange (FX)
Operating Systems
1 4 (44.44%) Windows
Processes & Methodologies
1 5 (55.56%) Monte Carlo Method
2 4 (44.44%) Analytics
3 3 (33.33%) Project Management
4 2 (22.22%) Stakeholder Management
5 1 (11.11%) Programme Management
5 1 (11.11%) Change Management
Programming Languages
1 4 (44.44%) PowerShell
1 4 (44.44%) C#
1 4 (44.44%) C++
1 4 (44.44%) SQL
Quality Assurance & Compliance
1 3 (33.33%) Basel II