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 14 February 2016 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
14 Feb 2016
Same period 2015 Same period 2014
Market Risk
Rank 25 23 27
Rank change year-on-year
-2 +4
Contract jobs citing Market Risk 1 2 3
As % of all contract IT jobs located in Canary Wharf 0.79% 2.00% 1.63%
As % of the Miscellaneous category 2.08% 3.70% 2.78%
Number of daily rates quoted 1 2 3
Average daily rate £840 £488 £704
Average daily rate % change year-on-year
+72.30% -30.75%
UK excluding London average daily rate £500 £400 £410
% change year-on-year
+25.00% -2.43%
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
48 54 108
As % of all contract IT jobs located in Canary Wharf 38.10% 54.00% 58.70%
Number of daily rates quoted 43 44 78
Average daily rate £470 £475 £575
Average daily rate % change year-on-year
-1.05% -17.39%
90% offered a daily rate of more than £341 £220 £425
10% offered a daily rate of more than £650 £725 £1,000
UK excluding London average daily rate £375 £375 £350
% change year-on-year
- +7.14%
Number of hourly rates quoted 0 0 5
Average hourly rate - - £28.00
UK excluding London average hourly rate £24.00 £17.50 £17.50
% change year-on-year
+37.14% -

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 14 February 2016, 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 (60.00%) Finance
2 2 (40.00%) Python
2 2 (40.00%) Investment Banking
2 2 (40.00%) Big Data
2 2 (40.00%) Java
2 2 (40.00%) Agile Software Development
2 2 (40.00%) Banking
3 1 (20.00%) Data Analysis
3 1 (20.00%) C++
3 1 (20.00%) TDD
3 1 (20.00%) JavaScript
3 1 (20.00%) SQL
3 1 (20.00%) Statistical Modelling
3 1 (20.00%) Analytics
3 1 (20.00%) Apache Avro
3 1 (20.00%) Akka
3 1 (20.00%) Play Framework
3 1 (20.00%) Performance Tuning
3 1 (20.00%) Relational Database
3 1 (20.00%) DevOps
3 1 (20.00%) Impala
3 1 (20.00%) Functional Programming
3 1 (20.00%) Apache Spark
3 1 (20.00%) Data Structures
3 1 (20.00%) Logical Data Model
3 1 (20.00%) Single Responsibility Principle
3 1 (20.00%) Continuous Delivery
3 1 (20.00%) spray
3 1 (20.00%) SDLC
3 1 (20.00%) Parquet

Market Risk
Top Related IT Skills in Canary Wharf by Category

For the 6 months to 14 February 2016, 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
Database & Business Intelligence
1 2 (40.00%) Big Data
2 1 (20.00%) Apache Hive
2 1 (20.00%) Data Warehouse
2 1 (20.00%) Hadoop
2 1 (20.00%) HBase
2 1 (20.00%) Impala
2 1 (20.00%) Parquet
2 1 (20.00%) RDBMS
2 1 (20.00%) Relational Database
Development Applications
1 1 (20.00%) Git (software)
1 1 (20.00%) TeamCity
General
1 3 (60.00%) Finance
2 2 (40.00%) Banking
2 2 (40.00%) Investment Banking
3 1 (20.00%) Financial Institution
Job Titles
1 2 (40.00%) Analyst
1 2 (40.00%) Developer
1 2 (40.00%) Senior Developer
2 1 (20.00%) Business Analyst
2 1 (20.00%) Java Developer
2 1 (20.00%) Qualitative Analyst
2 1 (20.00%) Quantitative Analyst
2 1 (20.00%) Risk Manager
2 1 (20.00%) Scala Developer
2 1 (20.00%) Senior Analyst
2 1 (20.00%) Senior Business Analyst
2 1 (20.00%) Senior Java Developer
2 1 (20.00%) Senior Scala Developer
2 1 (20.00%) Validation Analyst
Libraries, Frameworks & Software Standards
1 1 (20.00%) Akka
1 1 (20.00%) Apache Avro
1 1 (20.00%) Play Framework
1 1 (20.00%) RESTful
1 1 (20.00%) spray
Miscellaneous
1 1 (20.00%) Credit Risk
1 1 (20.00%) Data Structures
1 1 (20.00%) Grid Computing
1 1 (20.00%) Mathematics
1 1 (20.00%) Replication
Processes & Methodologies
1 2 (40.00%) Agile Software Development
2 1 (20.00%) Analytics
2 1 (20.00%) Automated Testing
2 1 (20.00%) BDD
2 1 (20.00%) Continuous Delivery
2 1 (20.00%) Data Analysis
2 1 (20.00%) Data Modelling
2 1 (20.00%) DevOps
2 1 (20.00%) Functional Programming
2 1 (20.00%) Kanban
2 1 (20.00%) Logical Data Model
2 1 (20.00%) Multithreading
2 1 (20.00%) Performance Tuning
2 1 (20.00%) Regression Analysis
2 1 (20.00%) SDLC
2 1 (20.00%) Single Responsibility Principle
2 1 (20.00%) Statistical Modelling
2 1 (20.00%) TDD
2 1 (20.00%) Test Automation
2 1 (20.00%) Workflow
Programming Languages
1 2 (40.00%) Java
1 2 (40.00%) Python
2 1 (20.00%) C++
2 1 (20.00%) Clojure
2 1 (20.00%) JavaScript
2 1 (20.00%) Scala
2 1 (20.00%) SQL
Qualifications
1 1 (20.00%) Degree