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 contractor rates offered in IT contracts that have cited Basel II over the 3 months to 25 May 2016 with a comparison to the same period over 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.

3 months to
25 May 2016
Same period 2015 Same period 2014
Basel II
Rank 153 196 198
Rank change year-on-year
+43 +2
Contract jobs citing Basel II 1 4 6
As % of all contract IT jobs located in the City of London 0.030% 0.074% 0.10%
As % of the Quality Assurance & Compliance category 0.32% 0.79% 0.96%
Number of daily rates quoted 1 2 5
Median daily rate £550 £400 £500
Median daily rate % change year-on-year
+37.50% -20.00%
UK excluding London median daily rate - £475 £451
% change year-on-year
- +5.43%
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median 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
310 508 624
As % of all contract IT jobs located in the City of London 9.36% 9.36% 10.42%
Number of daily rates quoted 241 395 455
Median daily rate £475 £475 £470
Median daily rate % change year-on-year
- +1.06%
90% offered a daily rate of more than £325 £323 £290
10% offered a daily rate of more than £625 £650 £625
UK excluding London median daily rate £400 £375 £365
% change year-on-year
+6.66% +2.73%
Number of hourly rates quoted 0 5 6
Median hourly rate - £17.50 £16.25
Median hourly rate % change year-on-year
- +7.69%
UK excluding London median hourly rate £27.00 £24.00 £21.00
% change year-on-year
+12.50% +14.28%

Basel II
Jobs Demand Trend in the City of London

The demand trend of contract jobs across the City of London region citing Basel II as a proportion of all IT contracts with a match in 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 12 Related IT Skills in the City of London

For the 6 months to 25 May 2016, IT contractor jobs citing Basel II also mentioned the following skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all contract ads across the City of London region with a requirement for Basel II.

1 2 (100.00%) SQL
1 2 (100.00%) Credit Risk
2 1 (50.00%) Basel III
2 1 (50.00%) Analytical Skills
2 1 (50.00%) MS Excel
2 1 (50.00%) MS Access
2 1 (50.00%) Finance
2 1 (50.00%) Validation
2 1 (50.00%) Banking
2 1 (50.00%) Asset Management
2 1 (50.00%) Data Analysis
2 1 (50.00%) Investment Banking

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

The follow tables expand on the table above by listing co-occurrences grouped by category. The same job type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Applications
1 1 (50.00%) MS Excel
Database & Business Intelligence
1 1 (50.00%) MS Access
General
1 1 (50.00%) Banking
1 1 (50.00%) Finance
1 1 (50.00%) Investment Banking
Job Titles
1 1 (50.00%) Analyst
1 1 (50.00%) Credit Risk Manager
1 1 (50.00%) Data Analyst
1 1 (50.00%) Risk Manager
1 1 (50.00%) Test Leader
1 1 (50.00%) Test Manager
Miscellaneous
1 2 (100.00%) Credit Risk
2 1 (50.00%) Analytical Skills
Processes & Methodologies
1 1 (50.00%) Asset Management
1 1 (50.00%) Data Analysis
1 1 (50.00%) Validation
Programming Languages
1 2 (100.00%) SQL
Quality Assurance & Compliance
1 1 (50.00%) Basel III