The table below looks at the prevalence of the term Market Risk 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 Market Risk over the 3 months to 24 April 2015 with a comparison to the same period in 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.

Location
3 months to
24 Apr 2015
Same period 2014 Same period 2013
Market Risk
Rank 26 22 33
Rank change year-on-year
-4 +11
Contract jobs citing Market Risk 2 1 13
As % of all contract IT jobs located in Canary Wharf 1.54% 0.70% 3.53%
As % of the Miscellaneous category 3.03% 1.59% 7.69%
Number of daily rates quoted 2 1 6
Average daily rate
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£550 £650 £588
Average daily rate % change year-on-year
-15.38% +10.63%
90% offered a daily rate of more than £510 £650 £575
10% offered a daily rate of more than £590 £650 £600
UK excluding London average daily rate £513 £783 £575
% change year-on-year
-34.50% +36.08%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
Market Risk
London

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

Miscellaneous Category
Canary Wharf
Contract IT job ads with a match in the
Miscellaneous category
66 63 169
As % of all contract IT jobs located in Canary Wharf 50.77% 44.06% 45.92%
Number of daily rates quoted 48 47 131
Average daily rate £520 £650 £600
Average daily rate % change year-on-year
-20.00% +8.33%
90% offered a daily rate of more than £411 £300 £470
10% offered a daily rate of more than £600 £960 £675
UK excluding London average daily rate £375 £350 £340
% change year-on-year
+7.14% +2.94%
Number of hourly rates quoted 1 4 1
Average hourly rate £12.50 £28.00 £42.50
Average hourly rate % change year-on-year
-55.35% -34.11%
UK excluding London average hourly rate £19.00 £21.50 £21.25
% change year-on-year
-11.62% +1.17%

Market Risk
Jobs Demand Trend in Canary Wharf

This chart provides a 3-month moving total of IT contractor jobs citing Market Risk across the Canary Wharf region as a proportion of the total demand within the Miscellaneous category.

Market Risk Jobs Demand Trend in Canary Wharf

Market Risk
Daily Rate Trend in Canary Wharf

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

Market Risk Daily Rate Trend in Canary Wharf

Market Risk
Hourly Rate Trend in Canary Wharf

This chart provides the 3-month moving average for hourly rates quoted in IT contractor jobs citing Market Risk across the Canary Wharf region.

Market Risk Hourly Rate Trend in Canary Wharf

Market Risk
Top 30 Related IT Skills in Canary Wharf

For the 6 months to 24 April 2015, IT contractor jobs across the Canary Wharf region citing Market Risk 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 Market Risk.

1 4 (80.00%) Finance
2 3 (60.00%) Retail
3 2 (40.00%) Derivative
3 2 (40.00%) Equities
3 2 (40.00%) SQL
3 2 (40.00%) MS Excel
3 2 (40.00%) Windows XP
3 2 (40.00%) Windows
3 2 (40.00%) Microsoft
3 2 (40.00%) Degree
3 2 (40.00%) Windows Vista
3 2 (40.00%) Hadoop
3 2 (40.00%) Windows 7
3 2 (40.00%) SCCM
3 2 (40.00%) Time Management
3 2 (40.00%) Big Data
3 2 (40.00%) Relational Database
3 2 (40.00%) Greeks
3 2 (40.00%) Banking
4 1 (20.00%) Test Automation
4 1 (20.00%) Scala
4 1 (20.00%) Dodd-Frank
4 1 (20.00%) Impala
4 1 (20.00%) Functional Programming
4 1 (20.00%) Analytical Skills
4 1 (20.00%) Apache Spark
4 1 (20.00%) Logical Data Model
4 1 (20.00%) Actian
4 1 (20.00%) Apache Flume
4 1 (20.00%) Akka

Market Risk
Top Related IT Skills in Canary Wharf by Category

For the 6 months to 24 April 2015, IT contractor jobs across the Canary Wharf region citing Market Risk 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 Market Risk. Up to 20 skills are shown per category.

Application Platforms
1 1 (20.00%) Apache Spark
Applications
1 2 (40.00%) MS Excel
Database & Business Intelligence
1 2 (40.00%) Hadoop
1 2 (40.00%) Big Data
1 2 (40.00%) Relational Database
2 1 (20.00%) Impala
2 1 (20.00%) Apache Hive
2 1 (20.00%) HBase
2 1 (20.00%) QlikView
2 1 (20.00%) BusinessObjects XI
2 1 (20.00%) SQL Server Analysis Services
2 1 (20.00%) Data Mining
2 1 (20.00%) RDBMS
2 1 (20.00%) OLAP
General
1 4 (80.00%) Finance
2 3 (60.00%) Retail
3 2 (40.00%) Banking
4 1 (20.00%) Front Office
4 1 (20.00%) Investment Banking
Job Titles
1 2 (40.00%) Business Analyst
1 2 (40.00%) Analyst
2 1 (20.00%) SCCM Consultant
2 1 (20.00%) Consultant
2 1 (20.00%) Project Manager
2 1 (20.00%) Java Developer
2 1 (20.00%) Business Project Manager
2 1 (20.00%) Developer
2 1 (20.00%) Business Manager
Libraries, Frameworks & Software Standards
1 1 (20.00%) Akka
1 1 (20.00%) Play Framework
1 1 (20.00%) HTML5
1 1 (20.00%) REST
1 1 (20.00%) WPF
1 1 (20.00%) JMS
1 1 (20.00%) .NET
1 1 (20.00%) HTML
Miscellaneous
1 2 (40.00%) Derivative
1 2 (40.00%) Equities
2 1 (20.00%) Analytical Skills
2 1 (20.00%) Credit Risk
2 1 (20.00%) Foreign Exchange (FX)
2 1 (20.00%) Replication
2 1 (20.00%) Fixed Income
2 1 (20.00%) Interest Rate Derivative
2 1 (20.00%) Credit Derivative
Operating Systems
1 2 (40.00%) Windows XP
1 2 (40.00%) Windows
1 2 (40.00%) Windows Vista
1 2 (40.00%) Windows 7
Processes & Methodologies
1 2 (40.00%) Time Management
1 2 (40.00%) Greeks
2 1 (20.00%) Test Automation
2 1 (20.00%) Functional Programming
2 1 (20.00%) Logical Data Model
2 1 (20.00%) Data Architecture
2 1 (20.00%) Multithreading
2 1 (20.00%) System Testing
2 1 (20.00%) BDD
2 1 (20.00%) Parallel Processing
2 1 (20.00%) Test Strategy
2 1 (20.00%) Test Scripting
2 1 (20.00%) GAP Analysis
2 1 (20.00%) Risk Management
2 1 (20.00%) Workflow
2 1 (20.00%) OO
2 1 (20.00%) Data Modelling
2 1 (20.00%) Agile Software Development
2 1 (20.00%) TDD
2 1 (20.00%) Migration
Programming Languages
1 2 (40.00%) SQL
2 1 (20.00%) Scala
2 1 (20.00%) Java
Qualifications
1 2 (40.00%) Degree
2 1 (20.00%) Postgraduate
Quality Assurance & Compliance
1 1 (20.00%) Dodd-Frank
1 1 (20.00%) Basel III
System Software
1 1 (20.00%) Apache Flume
Systems Management
1 2 (40.00%) SCCM
Vendors
1 2 (40.00%) Microsoft
2 1 (20.00%) Actian