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 3 September 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
3 Sep 2015
Same period 2014 Same period 2013
Market Risk
Rank 26 18 42
Rank change year-on-year
-8 +24
Contract jobs citing Market Risk 5 5 1
As % of all contract IT jobs located in Canary Wharf 2.70% 4.27% 0.47%
As % of the Miscellaneous category 6.25% 9.80% 0.76%
Number of daily rates quoted 3 1 1
Average daily rate
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£425 £400 £375
Average daily rate % change year-on-year
+6.25% +6.66%
UK excluding London average daily rate £500 £425 £575
% change year-on-year
+17.64% -26.08%
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
80 51 132
As % of all contract IT jobs located in Canary Wharf 43.24% 43.59% 62.56%
Number of daily rates quoted 48 24 90
Average daily rate £475 £450 £650
Average daily rate % change year-on-year
+5.55% -30.76%
90% offered a daily rate of more than £363 £300 £376
10% offered a daily rate of more than £550 £560 £700
UK excluding London average daily rate £375 £350 £350
% change year-on-year
+7.14% -
Number of hourly rates quoted 1 5 0
Average hourly rate £35.75 £18.00 -
Average hourly rate % change year-on-year
+98.61% -
UK excluding London average hourly rate £21.76 £20.00 £17.50
% change year-on-year
+8.81% +14.28%

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 3 September 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 3 (37.50%) Finance
1 3 (37.50%) Banking
2 2 (25.00%) Retail
2 2 (25.00%) Hadoop
2 2 (25.00%) BDD
2 2 (25.00%) Big Data
2 2 (25.00%) Investment Banking
2 2 (25.00%) SQL
2 2 (25.00%) Data Warehouse
2 2 (25.00%) Java
2 2 (25.00%) Relational Database
2 2 (25.00%) Agile Software Development
2 2 (25.00%) SDLC
3 1 (12.50%) TDD
3 1 (12.50%) NUnit
3 1 (12.50%) Impala
3 1 (12.50%) Functional Programming
3 1 (12.50%) Analytical Skills
3 1 (12.50%) Apache Spark
3 1 (12.50%) Data Structures
3 1 (12.50%) Logical Data Model
3 1 (12.50%) spray
3 1 (12.50%) C#
3 1 (12.50%) JavaScript
3 1 (12.50%) Data Modelling
3 1 (12.50%) OOD
3 1 (12.50%) Data Mining
3 1 (12.50%) Business Intelligence
3 1 (12.50%) RDBMS
3 1 (12.50%) .NET

Market Risk
Top Related IT Skills in Canary Wharf by Category

For the 6 months to 3 September 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 (12.50%) JBoss
1 1 (12.50%) Apache Spark
Database & Business Intelligence
1 2 (25.00%) Data Warehouse
1 2 (25.00%) Hadoop
1 2 (25.00%) Big Data
1 2 (25.00%) Relational Database
2 1 (12.50%) Impala
2 1 (12.50%) Apache Hive
2 1 (12.50%) HBase
2 1 (12.50%) Data Mining
2 1 (12.50%) RDBMS
2 1 (12.50%) SQL Server Analysis Services
Development Applications
1 1 (12.50%) JUnit
1 1 (12.50%) ClearCase
1 1 (12.50%) NUnit
1 1 (12.50%) CruiseControl
1 1 (12.50%) Subversion
1 1 (12.50%) Maven
1 1 (12.50%) TeamCity
1 1 (12.50%) Git (software)
1 1 (12.50%) Team Foundation Server
1 1 (12.50%) Mockito
1 1 (12.50%) Cucumber
General
1 3 (37.50%) Finance
1 3 (37.50%) Banking
2 2 (25.00%) Retail
2 2 (25.00%) Investment Banking
3 1 (12.50%) Front Office
3 1 (12.50%) Back Office
Job Titles
1 4 (50.00%) Business Analyst
1 4 (50.00%) Analyst
2 2 (25.00%) Developer
2 2 (25.00%) Senior Business Analyst
2 2 (25.00%) Project Manager
2 2 (25.00%) Senior Analyst
3 1 (12.50%) Risk Manager
3 1 (12.50%) Business Project Manager
3 1 (12.50%) Business Manager
3 1 (12.50%) Market Risk Business Analyst
3 1 (12.50%) Market Risk Developer
3 1 (12.50%) Scala Developer
3 1 (12.50%) Senior Scala Developer
3 1 (12.50%) Market Risk Analyst
3 1 (12.50%) Senior Developer
Libraries, Frameworks & Software Standards
1 1 (12.50%) .NET
1 1 (12.50%) J2EE
1 1 (12.50%) Spring
1 1 (12.50%) RESTful
1 1 (12.50%) Apache Avro
1 1 (12.50%) Akka
1 1 (12.50%) Play Framework
1 1 (12.50%) spray
Miscellaneous
1 1 (12.50%) Replication
1 1 (12.50%) Equities
1 1 (12.50%) Derivative
1 1 (12.50%) Interest Rate Derivative
1 1 (12.50%) Credit Risk
1 1 (12.50%) Analytical Skills
1 1 (12.50%) Data Structures
Processes & Methodologies
1 2 (25.00%) Agile Software Development
1 2 (25.00%) BDD
1 2 (25.00%) SDLC
2 1 (12.50%) Test Strategy
2 1 (12.50%) Analytics
2 1 (12.50%) Functional Programming
2 1 (12.50%) Logical Data Model
2 1 (12.50%) TDD
2 1 (12.50%) Business Analysis
2 1 (12.50%) AOP
2 1 (12.50%) Release Management
2 1 (12.50%) Test Scripting
2 1 (12.50%) System Testing
2 1 (12.50%) Greeks
2 1 (12.50%) Test Automation
2 1 (12.50%) OO
2 1 (12.50%) Data Modelling
2 1 (12.50%) OOD
2 1 (12.50%) Business Intelligence
2 1 (12.50%) GAP Analysis
Programming Languages
1 2 (25.00%) SQL
1 2 (25.00%) Java
2 1 (12.50%) JavaScript
2 1 (12.50%) C#
2 1 (12.50%) Python
2 1 (12.50%) Scala
2 1 (12.50%) Clojure
Qualifications
1 1 (12.50%) Degree
System Software
1 1 (12.50%) GridGain