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 22 May 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
22 May 2015
Same period 2014 Same period 2013
Basel II
Rank 188 195 193
Rank change year-on-year
+7 -2
Contract jobs citing Basel II 4 6 17
As % of all contract IT jobs located in the City of London 0.074% 0.10% 0.26%
As % of the Quality Assurance & Compliance category 0.89% 1.08% 2.82%
Number of daily rates quoted 2 5 14
Average daily rate
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£400 £500 £500
Average daily rate % change year-on-year
-20.00% -
90% offered a daily rate of more than £320 £374 £425
10% offered a daily rate of more than £480 £520 £568
UK excluding London average daily rate £475 £451 £383
% change year-on-year
+5.43% +17.77%
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
451 557 602
As % of all contract IT jobs located in the City of London 8.31% 9.32% 9.36%
Number of daily rates quoted 345 410 456
Average daily rate £478 £475 £475
Average daily rate % change year-on-year
+0.68% -
90% offered a daily rate of more than £325 £290 £303
10% offered a daily rate of more than £650 £625 £625
UK excluding London average daily rate £375 £363 £350
% change year-on-year
+3.44% +3.57%
Number of hourly rates quoted 5 6 14
Average hourly rate £17.50 £16.25 £135.00
Average hourly rate % change year-on-year
+7.69% -87.96%
UK excluding London average hourly rate £21.53 £21.00 £17.50
% change year-on-year
+2.50% +20.00%

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 22 May 2015.

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 22 May 2015, 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 (100.00%) Finance
2 4 (66.67%) Risk Management
3 3 (50.00%) Banking
4 2 (33.33%) Analytics
4 2 (33.33%) Front Office
4 2 (33.33%) Analytical Skills
4 2 (33.33%) MS Visio
4 2 (33.33%) MS PowerPoint
4 2 (33.33%) Market Risk
5 1 (16.67%) Time Management
5 1 (16.67%) Regression Analysis
5 1 (16.67%) Risk Analytics
5 1 (16.67%) Statistical Analysis
5 1 (16.67%) Computer Science
5 1 (16.67%) Credit Risk
5 1 (16.67%) Legal
5 1 (16.67%) Validation
5 1 (16.67%) Teradata
5 1 (16.67%) Data Modelling
5 1 (16.67%) SAS
5 1 (16.67%) BCP
5 1 (16.67%) Project Management
5 1 (16.67%) Financial Institution
5 1 (16.67%) Telecoms
5 1 (16.67%) SQL
5 1 (16.67%) VBA
5 1 (16.67%) Oracle
5 1 (16.67%) MS Excel
5 1 (16.67%) CRD IV
5 1 (16.67%) Dodd-Frank

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

For the 6 months to 22 May 2015, 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.

Application Platforms
1 1 (16.67%) SAS
Applications
1 2 (33.33%) MS Visio
1 2 (33.33%) MS PowerPoint
2 1 (16.67%) MS Excel
General
1 6 (100.00%) Finance
2 3 (50.00%) Banking
3 2 (33.33%) Front Office
4 1 (16.67%) Legal
4 1 (16.67%) Financial Institution
4 1 (16.67%) Telecoms
Job Titles
1 2 (33.33%) Analyst
2 1 (16.67%) Oracle Architect
2 1 (16.67%) Credit Risk Analyst
2 1 (16.67%) Senior Analyst
2 1 (16.67%) Oracle Technical Architect
2 1 (16.67%) Data Modeller
2 1 (16.67%) SAS Developer
2 1 (16.67%) Credit Risk Business Analyst
2 1 (16.67%) Risk Analyst
2 1 (16.67%) Architect
2 1 (16.67%) Project Manager
2 1 (16.67%) Business Analyst
2 1 (16.67%) Developer
2 1 (16.67%) Technical Architect
2 1 (16.67%) Senior Risk Analyst
Miscellaneous
1 2 (33.33%) Analytical Skills
1 2 (33.33%) Market Risk
2 1 (16.67%) Computer Science
2 1 (16.67%) Credit Risk
Processes & Methodologies
1 4 (66.67%) Risk Management
2 2 (33.33%) Analytics
3 1 (16.67%) Time Management
3 1 (16.67%) Regression Analysis
3 1 (16.67%) Risk Analytics
3 1 (16.67%) Statistical Analysis
3 1 (16.67%) Validation
3 1 (16.67%) Data Modelling
3 1 (16.67%) BCP
3 1 (16.67%) Project Management
3 1 (16.67%) Data Analysis
Programming Languages
1 1 (16.67%) SQL
1 1 (16.67%) VBA
Quality Assurance & Compliance
1 1 (16.67%) CRD IV
1 1 (16.67%) Dodd-Frank
Vendors
1 1 (16.67%) Teradata
1 1 (16.67%) Oracle