The table below looks at the statistics for Basel II skills in IT contracts advertised for the City of London region. Included is a guide to the average contractor rates offered in IT contracts that have cited Basel II over the 3 months to 19 December 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
19 Dec 2014
Same period 2013 Same period 2012
Basel II
Rank 195 204 188
Rank change year-on-year
+9 -16
Contract jobs citing Basel II 5 4 12
As % of all contract IT jobs located in the City of London 0.089% 0.059% 0.20%
As % of the Quality Assurance & Compliance category 1.17% 0.71% 2.35%
Number of daily rates quoted 4 4 11
Average daily rate
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of your Daily Rate
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£638 £438 £475
Average daily rate % change year-on-year
+45.71% -7.89%
90% offered a daily rate of more than £496 £400 £400
10% offered a daily rate of more than £685 £843 £600
UK excluding London average daily rate £500 £425 £434
% change year-on-year
+17.64% -2.01%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
Basel II
London

The following table is for comparison with the above and provides statistics for the entire Quality Assurance & Compliance category in contract jobs advertised in the City of London region.

Quality Assurance & Compliance Category
City of London
Contract IT job ads with a match in the
Quality Assurance & Compliance category
429 566 510
As % of all contract IT jobs located in the City of London 7.60% 8.33% 8.32%
Number of daily rates quoted 330 428 388
Average daily rate £450 £475 £460
Average daily rate % change year-on-year
-5.26% +3.26%
90% offered a daily rate of more than £250 £298 £300
10% offered a daily rate of more than £625 £625 £650
UK excluding London average daily rate £368 £350 £350
% change year-on-year
+5.00% -
Number of hourly rates quoted 5 3 12
Average hourly rate £17.50 £44.16 £36.75
Average hourly rate % change year-on-year
-60.36% +20.15%
90% offered a hourly rate of more than £14.63 £22.55 £17.55
10% offered a hourly rate of more than £43.25 £52.82 £121.65
UK excluding London average hourly rate £18.75 £18.55 £20.00
% change year-on-year
+1.07% -7.25%

Basel II
Jobs Demand Trend in the City of London

This chart provides a 3-month moving total of IT contractor jobs citing Basel II across the City of London region as a proportion of the total demand within the Quality Assurance & Compliance category.

Basel II Jobs Demand Trend in the City of London

Basel II
Daily Rate Trend in the City of London

This chart provides the 3-month moving average for daily rates quoted in IT contract jobs citing Basel II across the City of London region.

Basel II Daily Rate Trend in the City of London

Basel II
Daily Rate Histogram in the City of London

This chart provides a histogram of daily rates quoted in contract IT jobs citing Basel II across the City of London region over the 3 months to 19 December 2014.

Basel II Daily Rate Histogram in the City of London

Basel II
Hourly Rate Trend in the City of London

This chart provides the 3-month moving average for hourly rates quoted in IT contractor jobs citing Basel II across the City of London region.

Basel II Hourly Rate Trend in the City of London

Basel II
Top 30 Related IT Skills in the City of London

For the 6 months to 19 December 2014, IT contractor jobs across the City of London region citing Basel II 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 Basel II.

1 6 (66.67%) Finance
2 4 (44.44%) SQL
3 3 (33.33%) Oracle
3 3 (33.33%) Banking
4 2 (22.22%) Investment Banking
4 2 (22.22%) QA
4 2 (22.22%) Credit Risk
4 2 (22.22%) Market Risk
4 2 (22.22%) Test Scripting
4 2 (22.22%) Basel III
4 2 (22.22%) Solvency II
4 2 (22.22%) Dodd-Frank
4 2 (22.22%) Risk Management
4 2 (22.22%) Analytical Skills
4 2 (22.22%) Data Modelling
4 2 (22.22%) Fixed Income
5 1 (11.11%) Agile Software Development
5 1 (11.11%) Quality Management
5 1 (11.11%) S-PLUS
5 1 (11.11%) Front Office
5 1 (11.11%) Legal
5 1 (11.11%) Advertising
5 1 (11.11%) Validation
5 1 (11.11%) Migration
5 1 (11.11%) ETL
5 1 (11.11%) Business Intelligence
5 1 (11.11%) Hyperion
5 1 (11.11%) Foreign Exchange (FX)
5 1 (11.11%) DRM
5 1 (11.11%) FpML

Basel II
Top Related IT Skills in the City of London by Category

For the 6 months to 19 December 2014, IT contractor jobs across the City of London region citing Basel II 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 Basel II. Up to 20 skills are shown per category.

Applications
1 1 (11.11%) S-PLUS
Business Applications
1 1 (11.11%) Oracle Financials
1 1 (11.11%) Hyperion Planning
1 1 (11.11%) Oracle EBS R12
1 1 (11.11%) HFM
Database & Business Intelligence
1 1 (11.11%) SQL Server
1 1 (11.11%) Data Mart
General
1 6 (66.67%) Finance
2 3 (33.33%) Banking
3 2 (22.22%) Investment Banking
4 1 (11.11%) Front Office
4 1 (11.11%) Legal
4 1 (11.11%) Advertising
Job Titles
1 5 (55.56%) Analyst
2 1 (11.11%) Senior Analyst
2 1 (11.11%) Business Objects Developer
2 1 (11.11%) Technical Analyst
2 1 (11.11%) Senior Test Analyst
2 1 (11.11%) Business Consultant
2 1 (11.11%) Quantitative Analyst
2 1 (11.11%) Test Analyst
2 1 (11.11%) Business Developer
2 1 (11.11%) Consultant
2 1 (11.11%) Project Manager
2 1 (11.11%) Business Analyst
2 1 (11.11%) Developer
2 1 (11.11%) Investment Banking Business Analyst
2 1 (11.11%) QA Analyst
Libraries, Frameworks & Software Standards
1 1 (11.11%) FpML
1 1 (11.11%) XML
1 1 (11.11%) XSD
1 1 (11.11%) XSLT
Miscellaneous
1 2 (22.22%) Credit Risk
1 2 (22.22%) Market Risk
1 2 (22.22%) Analytical Skills
1 2 (22.22%) Fixed Income
2 1 (11.11%) Foreign Exchange (FX)
2 1 (11.11%) Statistics
2 1 (11.11%) Mathematics
2 1 (11.11%) Physics
Processes & Methodologies
1 2 (22.22%) Test Scripting
1 2 (22.22%) Risk Management
1 2 (22.22%) Data Modelling
2 1 (11.11%) Agile Software Development
2 1 (11.11%) Quality Management
2 1 (11.11%) Validation
2 1 (11.11%) Migration
2 1 (11.11%) ETL
2 1 (11.11%) Business Intelligence
2 1 (11.11%) DRM
2 1 (11.11%) Project Management
2 1 (11.11%) Probability Theory
2 1 (11.11%) Test Planning
2 1 (11.11%) User Stories
2 1 (11.11%) Data Mapping
2 1 (11.11%) User Acceptance Testing
2 1 (11.11%) Business Analysis
2 1 (11.11%) Data Analysis
Programming Languages
1 4 (44.44%) SQL
2 1 (11.11%) R
Qualifications
1 1 (11.11%) ACCA
1 1 (11.11%) PhD
Quality Assurance & Compliance
1 2 (22.22%) QA
1 2 (22.22%) Basel III
1 2 (22.22%) Solvency II
1 2 (22.22%) Dodd-Frank
2 1 (11.11%) EMIR
2 1 (11.11%) CRD IV
Systems Management
1 1 (11.11%) HP Quality Center
Vendors
1 3 (33.33%) Oracle
2 1 (11.11%) Hyperion
2 1 (11.11%) Business Objects
2 1 (11.11%) SAP