The table below looks at the statistics for FATCA skills in IT contracts advertised for the Canary Wharf region. Included is a guide to the contractor rates offered in IT contracts that have cited FATCA over the 3 months to 23 February 2017 with a comparison to the same period over the previous 2 years.

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.

3 months to
23 Feb 2017
Same period 2016 Same period 2015
Foreign Account Tax Compliance Act (FATCA)
London / Canary Wharf
Rank 24 25 -
Rank change year-on-year
+1 -
Contract jobs citing FATCA 1 1 0
As % of all contract IT jobs located in Canary Wharf 0.80% 0.82% -
As % of the Quality Assurance & Compliance category 9.09% 9.09% -
Number of daily rates quoted 1 1 0
Median daily rate £450 £675 -
Median daily rate % change year-on-year
-33.33% -
UK excluding London median daily rate £360 £325 £513
% change year-on-year
+10.76% -36.61%
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - -

The following table is for comparison with the above and provides statistics for the entire Quality Assurance & Compliance category in contract jobs advertised in the Canary Wharf region.

Quality Assurance & Compliance Category
Canary Wharf
Contract IT job ads with a match in the
Quality Assurance & Compliance category
11 11 6
As % of all contract IT jobs located in Canary Wharf 8.80% 9.02% 6.12%
Number of daily rates quoted 7 5 5
Median daily rate £475 £575 £550
Median daily rate % change year-on-year
-17.39% +4.54%
90% offered a daily rate of more than £403 £475 £375
10% offered a daily rate of more than £600 £675 £675
UK excluding London median daily rate £420 £400 £395
% change year-on-year
+5.00% +1.26%
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate £20.00 £43.25 £23.75
% change year-on-year
-53.75% +82.10%

FATCA
Jobs Demand Trend in Canary Wharf

The demand trend of contract jobs across the Canary Wharf region citing FATCA as a proportion of all IT contracts with a match in the Quality Assurance & Compliance category.

FATCA Jobs Demand Trend in Canary Wharf

FATCA
Daily Rate Trend in Canary Wharf

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

FATCA Daily Rate Trend in Canary Wharf

FATCA
Top 18 Related IT Skills in Canary Wharf

For the 6 months to 23 February 2017, IT contractor jobs citing FATCA also mentioned the following skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all contract ads across the Canary Wharf region with a requirement for FATCA.

1 4 (100.00%) Banking
2 3 (75.00%) Finance
3 2 (50.00%) Stakeholder Management
4 1 (25.00%) Programme Management
4 1 (25.00%) Change Management
4 1 (25.00%) GAP Analysis
4 1 (25.00%) Document Management
4 1 (25.00%) Investment Banking
4 1 (25.00%) Degree
4 1 (25.00%) MiFID
4 1 (25.00%) Use Case
4 1 (25.00%) Reference Data
4 1 (25.00%) Change Control
4 1 (25.00%) EMIR
4 1 (25.00%) Target Operating Model
4 1 (25.00%) KYC
4 1 (25.00%) Case Management
4 1 (25.00%) Regulatory Compliance

FATCA
Top Related IT Skills in Canary Wharf by Category

The follow tables expand on the table above by listing co-occurrences grouped by category. The same job type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

General
1 4 (100.00%) Banking
2 3 (75.00%) Finance
3 1 (25.00%) Investment Banking
Job Titles
1 3 (75.00%) Analyst
1 3 (75.00%) Business Analyst
2 1 (25.00%) Banking Analyst
2 1 (25.00%) Banking Business Analyst
2 1 (25.00%) Business Operations Manager
2 1 (25.00%) Finance Business Analyst
2 1 (25.00%) Financial Analyst
2 1 (25.00%) Financial Business Analyst
2 1 (25.00%) Financial Services Business Analyst
2 1 (25.00%) MiFID Business Analyst
2 1 (25.00%) Operations Analyst
2 1 (25.00%) Operations Business Analyst
2 1 (25.00%) Project Analyst
2 1 (25.00%) Project Manager
2 1 (25.00%) Service Analyst
Miscellaneous
1 1 (25.00%) Reference Data
Processes & Methodologies
1 2 (50.00%) Stakeholder Management
2 1 (25.00%) Case Management
2 1 (25.00%) Change Control
2 1 (25.00%) Change Management
2 1 (25.00%) Document Management
2 1 (25.00%) GAP Analysis
2 1 (25.00%) KYC
2 1 (25.00%) Programme Management
2 1 (25.00%) Regulatory Compliance
2 1 (25.00%) Target Operating Model
2 1 (25.00%) Use Case
Qualifications
1 1 (25.00%) Degree
Quality Assurance & Compliance
1 1 (25.00%) EMIR
1 1 (25.00%) MiFID