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 22 October 2014 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
22 Oct 2014
Same period 2013 Same period 2012
Market Risk
Rank 17 30 35
Rank change year-on-year
+13 +5
Contract jobs citing Market Risk 5 6 21
As % of all contract IT jobs located in Canary Wharf 4.63% 3.11% 5.16%
As % of the Miscellaneous category 10.87% 5.61% 9.72%
Number of daily rates quoted 1 6 16
Average daily rate
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£400 £550 £525
Average daily rate % change year-on-year
-27.27% +4.76%
UK excluding London average daily rate £463 £575 £475
% change year-on-year
-19.56% +21.05%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - £85.00 -
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
46 107 216
As % of all contract IT jobs located in Canary Wharf 42.59% 55.44% 53.07%
Number of daily rates quoted 24 75 164
Average daily rate £425 £605 £550
Average daily rate % change year-on-year
-29.75% +10.00%
90% offered a daily rate of more than £220 £375 £450
10% offered a daily rate of more than £620 £700 £650
UK excluding London average daily rate £351 £350 £350
% change year-on-year
+0.32% -
Number of hourly rates quoted 2 0 1
Average hourly rate £27.50 - £25.00
UK excluding London average hourly rate £17.50 £17.69 £21.00
% change year-on-year
-1.07% -15.76%

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 11 Related IT Skills in Canary Wharf

For the 6 months to 22 October 2014, 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 5 (100.00%) Credit Risk
2 4 (80.00%) Stress Testing
2 4 (80.00%) Reference Data
2 4 (80.00%) Portfolio Management
2 4 (80.00%) Data Quality
2 4 (80.00%) Risk Management
3 1 (20.00%) SQL Server Integration Services
3 1 (20.00%) C#
3 1 (20.00%) SQL
3 1 (20.00%) VBA
3 1 (20.00%) .NET

Market Risk
Top Related IT Skills in Canary Wharf by Category

For the 6 months to 22 October 2014, 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.

Database & Business Intelligence
1 1 (20.00%) SQL Server Integration Services
Job Titles
1 1 (20.00%) VBA Developer
1 1 (20.00%) Excel Developer
1 1 (20.00%) Excel VBA Developer
1 1 (20.00%) Developer
Libraries, Frameworks & Software Standards
1 1 (20.00%) .NET
Miscellaneous
1 5 (100.00%) Credit Risk
2 4 (80.00%) Reference Data
Processes & Methodologies
1 4 (80.00%) Stress Testing
1 4 (80.00%) Portfolio Management
1 4 (80.00%) Risk Management
Programming Languages
1 1 (20.00%) C#
1 1 (20.00%) SQL
1 1 (20.00%) VBA
Quality Assurance & Compliance
1 4 (80.00%) Data Quality