The first 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 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 terms in our Miscellaneous 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
Market Risk
Rank 37 40 41
Rank change year-on-year
+3 +1
Contract jobs citing Market Risk 15 10 17
As % of all contract IT jobs located in Canary Wharf 3.731% 2.558% 3.400%
As % of the Miscellaneous category 7.895% 6.250% 4.696%
Number of daily rates quoted 11 9 11
Average daily rate £594 £525 £525
Average daily rate % change year-on-year
+13.14% -
90% offered a daily rate of more than £575 £400 £450
10% offered a daily rate of more than £600 £900 £550
UK excluding London average daily rate £575 £425 £400
% change year-on-year
+35.29% +6.25%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
All of the Miscellaneous Category
Canary Wharf
Contract IT job ads with a match in the
Miscellaneous category
190 160 362
As % of all contract IT jobs located in Canary Wharf 47.26% 40.92% 72.40%
Number of daily rates quoted 150 103 288
Average daily rate £600 £550 £600
Average daily rate % change year-on-year
+9.09% -8.33%
90% offered a daily rate of more than £500 £450 £475
10% offered a daily rate of more than £675 £650 £650
UK excluding London average daily rate £350 £345 £340
% change year-on-year
+1.44% +1.47%
Number of hourly rates quoted 1 0 2
Average hourly rate £42.50 - £15.00
UK excluding London average hourly rate £22.00 £22.50 £25.66
% change year-on-year
-2.22% -12.31%
Market Risk
London

Market Risk
Jobs Demand Trend

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.

Canary Wharf Market Risk Jobs Demand Trend

Market Risk
Daily Rate Trend

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

Canary Wharf Market Risk Daily Rate Trend

Market Risk
Hourly Rate Trend

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

Canary Wharf Market Risk Hourly Rate Trend

Market Risk
Top 30 Related IT Skills

For the 6 months to 22 May 2013, 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 28 (77.78%) SQL
2 17 (47.22%) Risk Management
2 17 (47.22%) Finance
2 17 (47.22%) Oracle
3 16 (44.44%) SQL Server Analysis Services
4 15 (41.67%) C#
5 12 (33.33%) Data Warehouse
5 12 (33.33%) Derivative
5 12 (33.33%) Unit Testing
6 11 (30.56%) Banking
7 10 (27.78%) MS Excel
7 10 (27.78%) Release Management
8 9 (25.00%) SQL Server
8 9 (25.00%) Business Objects
9 8 (22.22%) VBA
9 8 (22.22%) Data Modelling
9 8 (22.22%) PowerPivot
9 8 (22.22%) QlikView
9 8 (22.22%) Degree
9 8 (22.22%) Credit Derivative
9 8 (22.22%) Business Analysis
10 7 (19.44%) Credit Risk
10 7 (19.44%) User Acceptance Testing
10 7 (19.44%) Oracle OLAP
10 7 (19.44%) Waterfall
10 7 (19.44%) MS Access
10 7 (19.44%) TOAD
10 7 (19.44%) Foreign Exchange (FX)
10 7 (19.44%) SQLPlus
10 7 (19.44%) OLAP

Market Risk
Top Related IT Skills by Category

For the 6 months to 22 May 2013, 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 Development
1 5 (13.89%) HTML
2 4 (11.11%) MDX
3 3 (8.333%) WCF
3 3 (8.333%) WPF
4 1 (2.778%) ASP.NET
4 1 (2.778%) DCOM
4 1 (2.778%) .NET
4 1 (2.778%) Task Parallel Library
4 1 (2.778%) jQuery
4 1 (2.778%) .NET Framework
Application Platforms
1 2 (5.556%) SharePoint Server
2 1 (2.778%) SharePoint
Applications
1 10 (27.78%) MS Excel
2 8 (22.22%) PowerPivot
3 2 (5.556%) MS Visio
Database & Business Intelligence
1 16 (44.44%) SQL Server Analysis Services
2 12 (33.33%) Data Warehouse
3 9 (25.00%) SQL Server
4 8 (22.22%) QlikView
5 7 (19.44%) Oracle OLAP
5 7 (19.44%) MS Access
5 7 (19.44%) TOAD
5 7 (19.44%) SQLPlus
5 7 (19.44%) OLAP
6 1 (2.778%) BusinessObjects
6 1 (2.778%) ReportNet
Development Applications
1 2 (5.556%) JIRA
General
1 17 (47.22%) Finance
2 11 (30.56%) Banking
3 3 (8.333%) Investment Banking
4 2 (5.556%) Private Banking
5 1 (2.778%) Legal
5 1 (2.778%) Front Office
5 1 (2.778%) Financial Institution
Job Titles
1 26 (72.22%) Developer
2 10 (27.78%) Market Risk Developer
3 9 (25.00%) C# Developer
4 8 (22.22%) Analyst
5 7 (19.44%) Excel Developer
5 7 (19.44%) Senior Developer
6 6 (16.67%) Business Analyst
7 5 (13.89%) VBA Developer
7 5 (13.89%) Excel VBA Developer
8 3 (8.333%) Market Risk Analyst
8 3 (8.333%) Market Risk Business Analyst
9 2 (5.556%) Senior SQL Server Developer
9 2 (5.556%) Senior SQL Developer
9 2 (5.556%) Service Analyst
9 2 (5.556%) SQL Developer
9 2 (5.556%) SQL Server Developer
10 1 (2.778%) Data Analyst
10 1 (2.778%) Risk Analyst
10 1 (2.778%) Technical Analyst
10 1 (2.778%) Project Manager
Miscellaneous
1 12 (33.33%) Derivative
2 8 (22.22%) Credit Derivative
3 7 (19.44%) Credit Risk
3 7 (19.44%) Foreign Exchange (FX)
4 3 (8.333%) Mathematics
5 2 (5.556%) Economics
5 2 (5.556%) Computer Science
5 2 (5.556%) Management Information System
6 1 (2.778%) Hedge funds
6 1 (2.778%) CMDB
6 1 (2.778%) Physics
Processes & Methodologies
1 17 (47.22%) Risk Management
2 12 (33.33%) Unit Testing
3 10 (27.78%) Release Management
4 8 (22.22%) Data Modelling
4 8 (22.22%) Business Analysis
5 7 (19.44%) User Acceptance Testing
5 7 (19.44%) Waterfall
5 7 (19.44%) Change Management
6 6 (16.67%) Code Coverage
7 5 (13.89%) Business Intelligence
7 5 (13.89%) UML
7 5 (13.89%) RAD
7 5 (13.89%) Software Engineering
7 5 (13.89%) Project Planning
8 4 (11.11%) Stress Testing
8 4 (11.11%) Multithreading
8 4 (11.11%) Project Management
8 4 (11.11%) OOP
8 4 (11.11%) OO
9 2 (5.556%) Data Analysis
Programming Languages
1 28 (77.78%) SQL
2 15 (41.67%) C#
3 8 (22.22%) VBA
4 5 (13.89%) VBScript
4 5 (13.89%) VB
4 5 (13.89%) VB6
5 1 (2.778%) JavaScript
5 1 (2.778%) C++
Qualifications
1 8 (22.22%) Degree
Quality Assurance & Compliance
1 1 (2.778%) SLA
1 1 (2.778%) QA
Vendors
1 17 (47.22%) Oracle
2 9 (25.00%) Business Objects
3 2 (5.556%) StatPro
3 2 (5.556%) Remedy
3 2 (5.556%) Murex
4 1 (2.778%) Cognos
4 1 (2.778%) SAP
4 1 (2.778%) Perforce