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 27 January 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
27 Jan 2015
Same period 2014 Same period 2013
Basel II
Rank 188 204 175
Rank change year-on-year
+16 -29
Contract jobs citing Basel II 2 4 19
As % of all contract IT jobs located in the City of London 0.040% 0.067% 0.33%
As % of the Quality Assurance & Compliance category 0.52% 0.74% 4.10%
Number of daily rates quoted 1 4 18
Average daily rate
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£625 £600 £525
Average daily rate % change year-on-year
+4.16% +14.28%
UK excluding London average daily rate £500 £438 £383
% change year-on-year
+14.28% +14.37%
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
382 537 463
As % of all contract IT jobs located in the City of London 7.55% 8.98% 8.11%
Number of daily rates quoted 278 399 333
Average daily rate £435 £475 £450
Average daily rate % change year-on-year
-8.42% +5.55%
90% offered a daily rate of more than £250 £300 £310
10% offered a daily rate of more than £576 £600 £600
UK excluding London average daily rate £375 £350 £335
% change year-on-year
+7.14% +4.47%
Number of hourly rates quoted 3 3 10
Average hourly rate £17.50 £18.70 £42.50
Average hourly rate % change year-on-year
-6.41% -56.00%
90% offered a hourly rate of more than £16.70 £17.74 £16.45
10% offered a hourly rate of more than £38.50 £23.74 £135.00
UK excluding London average hourly rate £19.00 £17.15 £23.00
% change year-on-year
+10.78% -25.43%

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
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 27 January 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 5 (83.33%) Finance
2 2 (33.33%) Oracle
2 2 (33.33%) QA
2 2 (33.33%) Banking
2 2 (33.33%) Risk Management
2 2 (33.33%) Dodd-Frank
3 1 (16.67%) Test Planning
3 1 (16.67%) Analytical Skills
3 1 (16.67%) SQL
3 1 (16.67%) HFM
3 1 (16.67%) Investment Banking
3 1 (16.67%) Business Analysis
3 1 (16.67%) Credit Risk
3 1 (16.67%) Market Risk
3 1 (16.67%) User Acceptance Testing
3 1 (16.67%) Test Scripting
3 1 (16.67%) Hyperion Planning
3 1 (16.67%) Oracle EBS R12
3 1 (16.67%) HP Quality Center
3 1 (16.67%) Basel III
3 1 (16.67%) Solvency II
3 1 (16.67%) EMIR
3 1 (16.67%) CRD IV
3 1 (16.67%) SAP
3 1 (16.67%) Data Modelling
3 1 (16.67%) Business Intelligence
3 1 (16.67%) Hyperion
3 1 (16.67%) DRM
3 1 (16.67%) ACCA
3 1 (16.67%) Project Management

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

For the 6 months to 27 January 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.

Business Applications
1 1 (16.67%) HFM
1 1 (16.67%) Hyperion Planning
1 1 (16.67%) Oracle EBS R12
General
1 5 (83.33%) Finance
2 2 (33.33%) Banking
3 1 (16.67%) Investment Banking
3 1 (16.67%) Front Office
3 1 (16.67%) Legal
3 1 (16.67%) Advertising
Job Titles
1 3 (50.00%) Analyst
2 1 (16.67%) QA Analyst
2 1 (16.67%) Project Manager
2 1 (16.67%) Test Analyst
2 1 (16.67%) Consultant
2 1 (16.67%) Senior Analyst
2 1 (16.67%) Technical Analyst
2 1 (16.67%) Senior Test Analyst
2 1 (16.67%) Business Consultant
Miscellaneous
1 1 (16.67%) Analytical Skills
1 1 (16.67%) Credit Risk
1 1 (16.67%) Market Risk
Processes & Methodologies
1 2 (33.33%) Risk Management
2 1 (16.67%) Test Planning
2 1 (16.67%) Business Analysis
2 1 (16.67%) User Acceptance Testing
2 1 (16.67%) Test Scripting
2 1 (16.67%) Data Modelling
2 1 (16.67%) Business Intelligence
2 1 (16.67%) DRM
2 1 (16.67%) Project Management
2 1 (16.67%) Quality Management
Programming Languages
1 1 (16.67%) SQL
Qualifications
1 1 (16.67%) ACCA
Quality Assurance & Compliance
1 2 (33.33%) QA
1 2 (33.33%) Dodd-Frank
2 1 (16.67%) Basel III
2 1 (16.67%) Solvency II
2 1 (16.67%) EMIR
2 1 (16.67%) CRD IV
Systems Management
1 1 (16.67%) HP Quality Center
Vendors
1 2 (33.33%) Oracle
2 1 (16.67%) SAP
2 1 (16.67%) Hyperion