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 2 September 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
2 Sep 2014
Same period 2013 Same period 2012
Basel II
Rank 193 206 187
Rank change year-on-year
+13 -19
Contract jobs citing Basel II 3 25 39
As % of all contract IT jobs located in the City of London 0.051% 0.34% 0.50%
As % of the Quality Assurance & Compliance category 0.65% 4.22% 5.16%
Number of daily rates quoted 3 23 35
Average daily rate
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£650 £450 £500
Average daily rate % change year-on-year
+44.44% -10.00%
90% offered a daily rate of more than £570 £365 £395
10% offered a daily rate of more than £690 £525 £650
UK excluding London average daily rate £500 £450 £400
% change year-on-year
+11.11% +12.50%
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
463 593 756
As % of all contract IT jobs located in the City of London 7.86% 8.06% 9.69%
Number of daily rates quoted 330 446 567
Average daily rate £465 £475 £475
Average daily rate % change year-on-year
-2.10% -
90% offered a daily rate of more than £300 £298 £300
10% offered a daily rate of more than £600 £600 £625
UK excluding London average daily rate £375 £355 £360
% change year-on-year
+5.63% -1.38%
Number of hourly rates quoted 9 9 19
Average hourly rate £16.00 £20.00 £17.87
Average hourly rate % change year-on-year
-20.00% +11.95%
90% offered a hourly rate of more than £12.56 £13.97 £13.50
10% offered a hourly rate of more than £20.40 £67.50 £50.02
UK excluding London average hourly rate £20.00 £17.50 £21.25
% change year-on-year
+14.28% -17.64%

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 2 September 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 2 September 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 8 (80.00%) SQL
2 6 (60.00%) Basel III
3 5 (50.00%) Credit Risk
4 4 (40.00%) Market Risk
4 4 (40.00%) Data Modelling
4 4 (40.00%) Front Office
5 3 (30.00%) Finance
5 3 (30.00%) Agile Software Development
5 3 (30.00%) Banking
5 3 (30.00%) Investment Banking
6 2 (20.00%) Change Management
6 2 (20.00%) Degree
6 2 (20.00%) Solvency II
6 2 (20.00%) Data Mapping
6 2 (20.00%) CRD IV
6 2 (20.00%) Fixed Income
6 2 (20.00%) ETL
6 2 (20.00%) Business Objects
6 2 (20.00%) Oracle
6 2 (20.00%) Foreign Exchange (FX)
7 1 (10.00%) Shell Script
7 1 (10.00%) FpML
7 1 (10.00%) SQL Server
7 1 (10.00%) S-PLUS
7 1 (10.00%) XML
7 1 (10.00%) XSD
7 1 (10.00%) XSLT
7 1 (10.00%) UNIX
7 1 (10.00%) Oracle Financials
7 1 (10.00%) PhD

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

For the 6 months to 2 September 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 (10.00%) S-PLUS
1 1 (10.00%) Spreadsheet
Business Applications
1 1 (10.00%) Oracle Financials
Database & Business Intelligence
1 1 (10.00%) SQL Server
1 1 (10.00%) PowerCenter
1 1 (10.00%) Data Mart
General
1 4 (40.00%) Front Office
2 3 (30.00%) Finance
2 3 (30.00%) Banking
2 3 (30.00%) Investment Banking
3 1 (10.00%) Advertising
Job Titles
1 7 (70.00%) Analyst
2 6 (60.00%) Business Analyst
3 3 (30.00%) Investment Banking Business Analyst
4 2 (20.00%) Developer
5 1 (10.00%) Business Developer
5 1 (10.00%) Data Analyst
5 1 (10.00%) Business Objects Developer
5 1 (10.00%) Informatica Developer
5 1 (10.00%) Quantitative Analyst
5 1 (10.00%) Banking Business Analyst
Libraries, Frameworks & Software Standards
1 1 (10.00%) XML
1 1 (10.00%) XSD
1 1 (10.00%) XSLT
1 1 (10.00%) FpML
Miscellaneous
1 5 (50.00%) Credit Risk
2 4 (40.00%) Market Risk
3 2 (20.00%) Foreign Exchange (FX)
3 2 (20.00%) Fixed Income
4 1 (10.00%) Derivative
4 1 (10.00%) Statistics
4 1 (10.00%) Mathematics
4 1 (10.00%) Physics
Operating Systems
1 1 (10.00%) UNIX
Processes & Methodologies
1 4 (40.00%) Data Modelling
2 3 (30.00%) Agile Software Development
3 2 (20.00%) ETL
3 2 (20.00%) Change Management
3 2 (20.00%) Data Mapping
4 1 (10.00%) User Stories
4 1 (10.00%) Probability Theory
4 1 (10.00%) Regression Testing
4 1 (10.00%) Validation
4 1 (10.00%) Migration
4 1 (10.00%) Stakeholder Management
4 1 (10.00%) Data Management
4 1 (10.00%) Data Analysis
4 1 (10.00%) Requirements Analysis
4 1 (10.00%) User Acceptance Testing
4 1 (10.00%) Test Scripting
Programming Languages
1 8 (80.00%) SQL
2 1 (10.00%) Shell Script
2 1 (10.00%) R
2 1 (10.00%) PL/SQL
Qualifications
1 2 (20.00%) Degree
2 1 (10.00%) PhD
Quality Assurance & Compliance
1 6 (60.00%) Basel III
2 2 (20.00%) Solvency II
2 2 (20.00%) CRD IV
3 1 (10.00%) COREP
3 1 (10.00%) QA
Vendors
1 2 (20.00%) Oracle
1 2 (20.00%) Business Objects
2 1 (10.00%) Informatica
City of London
Churchill Frank
Rate: £500 - £600 per day
Posted: 26 days ago