The table below looks at the prevalence of the term Retail Banking 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 Retail Banking over the 3 months to 9 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
9 Feb 2016
Same period 2015 Same period 2014
Retail Banking
Rank 20 21 31
Rank change year-on-year
+1 +10
Contract jobs citing Retail Banking 2 2 1
As % of all contract IT jobs located in Canary Wharf 1.63% 2.00% 0.56%
As % of the General category 2.15% 2.94% 0.76%
Number of daily rates quoted 1 0 0
Average daily rate £500 - -
UK excluding London average daily rate £450 £445 £400
% change year-on-year
+1.12% +11.25%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
Retail Banking
London

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

General Category
Canary Wharf
Contract IT job ads with a match in the
General category
93 68 131
As % of all contract IT jobs located in Canary Wharf 75.61% 68.00% 73.18%
Number of daily rates quoted 75 56 92
Average daily rate £500 £450 £525
Average daily rate % change year-on-year
+11.11% -14.28%
90% offered a daily rate of more than £275 £298 £386
10% offered a daily rate of more than £700 £580 £700
UK excluding London average daily rate £400 £400 £388
% change year-on-year
- +3.22%
Number of hourly rates quoted 0 0 4
Average hourly rate - - £20.00
UK excluding London average hourly rate £33.86 £26.00 £22.50
% change year-on-year
+30.21% +15.55%

Retail Banking
Jobs Demand Trend in Canary Wharf

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

Retail Banking Jobs Demand Trend in Canary Wharf

Retail Banking
Daily Rate Trend in Canary Wharf

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

Retail Banking Daily Rate Trend in Canary Wharf

Retail Banking
Top 30 Related IT Skills in Canary Wharf

For the 6 months to 9 February 2016, IT contractor jobs across the Canary Wharf region citing Retail Banking 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 Retail Banking.

1 4 (100.00%) Banking
1 4 (100.00%) Retail
2 2 (50.00%) Finance
2 2 (50.00%) Agile Software Development
3 1 (25.00%) Validation
3 1 (25.00%) XML Messaging
3 1 (25.00%) Scrum
3 1 (25.00%) Regression Testing
3 1 (25.00%) Front Office
3 1 (25.00%) Risk Management
3 1 (25.00%) Maven
3 1 (25.00%) Investment Banking
3 1 (25.00%) Automated Testing
3 1 (25.00%) Korn
3 1 (25.00%) Derivative
3 1 (25.00%) Corporate Banking
3 1 (25.00%) MiFID
3 1 (25.00%) JIRA
3 1 (25.00%) Quantitative Analysis
3 1 (25.00%) Continuous Integration
3 1 (25.00%) Electronic Trading
3 1 (25.00%) Investment Management
3 1 (25.00%) TeamCity
3 1 (25.00%) HP Quality Center
3 1 (25.00%) Bash Shell
3 1 (25.00%) Build Automation
3 1 (25.00%) Functional Testing
3 1 (25.00%) Automation Testing
3 1 (25.00%) Relational Database
3 1 (25.00%) Dodd-Frank

Retail Banking
Top Related IT Skills in Canary Wharf by Category

For the 6 months to 9 February 2016, IT contractor jobs across the Canary Wharf region citing Retail Banking 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 Retail Banking. Up to 20 skills are shown per category.

Database & Business Intelligence
1 1 (25.00%) Relational Database
Development Applications
1 1 (25.00%) ClearCase
1 1 (25.00%) JIRA
1 1 (25.00%) Maven
1 1 (25.00%) TeamCity
General
1 4 (100.00%) Banking
1 4 (100.00%) Retail
2 2 (50.00%) Finance
3 1 (25.00%) Corporate Banking
3 1 (25.00%) Front Office
3 1 (25.00%) Investment Banking
Job Titles
1 3 (75.00%) Analyst
2 1 (25.00%) Agile Business Analyst
2 1 (25.00%) Architect
2 1 (25.00%) Banking Analyst
2 1 (25.00%) Banking Business Analyst
2 1 (25.00%) Business Analyst
2 1 (25.00%) Development Analyst
2 1 (25.00%) Digital Architect
2 1 (25.00%) Digital Solutions Architect
2 1 (25.00%) FX Test Analyst
2 1 (25.00%) IT Analyst
2 1 (25.00%) Solutions Architect
2 1 (25.00%) Test Analyst
Libraries, Frameworks & Software Standards
1 1 (25.00%) Swing
1 1 (25.00%) XML
1 1 (25.00%) XML Messaging
Miscellaneous
1 1 (25.00%) Client/Server
1 1 (25.00%) Derivative
1 1 (25.00%) Foreign Exchange (FX)
Operating Systems
1 1 (25.00%) Linux
Processes & Methodologies
1 2 (50.00%) Agile Software Development
2 1 (25.00%) Automated Testing
2 1 (25.00%) Automation Testing
2 1 (25.00%) Build Automation
2 1 (25.00%) Continuous Integration
2 1 (25.00%) E-Commerce
2 1 (25.00%) Electronic Trading
2 1 (25.00%) Functional Testing
2 1 (25.00%) Investment Management
2 1 (25.00%) OO
2 1 (25.00%) OOP
2 1 (25.00%) Quantitative Analysis
2 1 (25.00%) Regression Testing
2 1 (25.00%) Risk Management
2 1 (25.00%) Scrum
2 1 (25.00%) Validation
Programming Languages
1 1 (25.00%) Bash Shell
1 1 (25.00%) C#
1 1 (25.00%) C++
1 1 (25.00%) Java
1 1 (25.00%) Korn
1 1 (25.00%) Perl
1 1 (25.00%) Python
1 1 (25.00%) SQL
Quality Assurance & Compliance
1 1 (25.00%) Dodd-Frank
1 1 (25.00%) MiFID
Systems Management
1 1 (25.00%) HP Quality Center