The table below looks at the statistics for Basel III 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 III over the 3 months to 19 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
19 Sep 2014
Same period 2013 Same period 2012
Basel III
Rank 189 198 147
Rank change year-on-year
+9 -51
Contract jobs citing Basel III 10 29 74
As % of all contract IT jobs located in the City of London 0.17% 0.40% 0.95%
As % of the Quality Assurance & Compliance category 2.18% 4.90% 9.87%
Number of daily rates quoted 9 27 66
Average daily rate
Keep up to 90%
of your Daily Rate
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£550 £525 £550
Average daily rate % change year-on-year
+4.76% -4.54%
90% offered a daily rate of more than £475 £394 £450
10% offered a daily rate of more than £655 £675 £638
UK excluding London average daily rate £475 £433 £383
% change year-on-year
+9.82% +13.07%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
Basel III
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
459 592 750
As % of all contract IT jobs located in the City of London 7.80% 8.22% 9.66%
Number of daily rates quoted 325 445 567
Average daily rate £458 £475 £475
Average daily rate % change year-on-year
-3.68% -
90% offered a daily rate of more than £310 £297 £300
10% offered a daily rate of more than £600 £614 £600
UK excluding London average daily rate £375 £354 £363
% change year-on-year
+6.00% -2.41%
Number of hourly rates quoted 10 7 16
Average hourly rate £15.50 £20.00 £17.75
Average hourly rate % change year-on-year
-22.50% +12.67%
90% offered a hourly rate of more than £9.23 £13.97 £13.00
10% offered a hourly rate of more than £22.55 £67.50 £50.04
UK excluding London average hourly rate £20.00 £17.50 £21.00
% change year-on-year
+14.28% -16.66%

Basel III
Jobs Demand Trend in the City of London

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

Basel III Jobs Demand Trend in the City of London

Basel III
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 III across the City of London region.

Basel III Daily Rate Trend in the City of London

Basel III
Daily Rate Histogram in the City of London

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

Basel III Daily Rate Histogram in the City of London

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

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

1 20 (62.50%) Banking
2 16 (50.00%) Finance
3 14 (43.75%) SQL
4 13 (40.63%) Credit Risk
5 11 (34.38%) Investment Banking
6 10 (31.25%) C#
6 10 (31.25%) SQL Server
7 8 (25.00%) .NET
7 8 (25.00%) CRD IV
8 7 (21.88%) Market Risk
8 7 (21.88%) Front Office
9 6 (18.75%) Agile Software Development
9 6 (18.75%) Continuous Integration
9 6 (18.75%) SQL Server Integration Services
9 6 (18.75%) Derivative
9 6 (18.75%) Analytics
10 5 (15.63%) SQL Server 2008
10 5 (15.63%) ADO.NET Entity Framework
10 5 (15.63%) .NET Framework
10 5 (15.63%) Degree
10 5 (15.63%) UNIX
10 5 (15.63%) Python
10 5 (15.63%) Project Management
10 5 (15.63%) Data Modelling
11 4 (12.50%) ETL
11 4 (12.50%) Business Intelligence
11 4 (12.50%) Basel II
11 4 (12.50%) C++
11 4 (12.50%) TDD
11 4 (12.50%) MVC

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

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

Applications
1 2 (6.25%) MS Excel
1 2 (6.25%) MS Visio
1 2 (6.25%) MS PowerPoint
2 1 (3.13%) MS Office
Database & Business Intelligence
1 10 (31.25%) SQL Server
2 6 (18.75%) SQL Server Integration Services
3 5 (15.63%) SQL Server 2008
4 4 (12.50%) SQL Server 2005
5 3 (9.38%) Data Warehouse
6 2 (6.25%) OLTP
6 2 (6.25%) RDBMS
6 2 (6.25%) SQL Server Analysis Services
6 2 (6.25%) Relational Database
Development Applications
1 4 (12.50%) MSTest
2 2 (6.25%) Subversion
2 2 (6.25%) Moq
2 2 (6.25%) TeamCity
2 2 (6.25%) Jenkins
General
1 20 (62.50%) Banking
2 16 (50.00%) Finance
3 11 (34.38%) Investment Banking
4 7 (21.88%) Front Office
5 2 (6.25%) Back Office
6 1 (3.13%) Retail Banking
6 1 (3.13%) General Ledger
6 1 (3.13%) Retail
6 1 (3.13%) Financial Institution
Job Titles
1 15 (46.88%) Analyst
2 14 (43.75%) Business Analyst
3 10 (31.25%) Developer
4 5 (15.63%) Credit Risk Analyst
4 5 (15.63%) C# Developer
4 5 (15.63%) Credit Risk Business Analyst
5 3 (9.38%) Architect
6 2 (6.25%) Project Manager
6 2 (6.25%) Data Analyst
6 2 (6.25%) .NET Developer
6 2 (6.25%) Risk Analyst
6 2 (6.25%) SQL Developer
6 2 (6.25%) Investment Banking Business Analyst
6 2 (6.25%) IT Business Analyst
6 2 (6.25%) Quantitative Analyst
6 2 (6.25%) Business Intelligence Architect
6 2 (6.25%) WPF Developer
7 1 (3.13%) Business Solution Architect
7 1 (3.13%) C# .NET Developer
7 1 (3.13%) Banking Business Analyst
Libraries, Frameworks & Software Standards
1 8 (25.00%) .NET
2 5 (15.63%) ADO.NET Entity Framework
2 5 (15.63%) .NET Framework
3 4 (12.50%) WPF
4 2 (6.25%) LINQ
4 2 (6.25%) Ninject
5 1 (3.13%) Task Parallel Library
5 1 (3.13%) jQuery
Miscellaneous
1 13 (40.63%) Credit Risk
2 7 (21.88%) Market Risk
3 6 (18.75%) Derivative
4 3 (9.38%) Fixed Income
5 2 (6.25%) Foreign Exchange (FX)
5 2 (6.25%) Grid Computing
5 2 (6.25%) Credit Derivative
6 1 (3.13%) Analytical Skills
6 1 (3.13%) Hybrid Derivative
6 1 (3.13%) Interest Rate Derivative
6 1 (3.13%) Equity Derivative
6 1 (3.13%) Mathematics
6 1 (3.13%) Applied Mathematics
6 1 (3.13%) Equities
6 1 (3.13%) Client/Server
Operating Systems
1 5 (15.63%) UNIX
Processes & Methodologies
1 6 (18.75%) Agile Software Development
1 6 (18.75%) Continuous Integration
1 6 (18.75%) Analytics
2 5 (15.63%) Project Management
2 5 (15.63%) Data Modelling
3 4 (12.50%) ETL
3 4 (12.50%) Business Intelligence
3 4 (12.50%) TDD
3 4 (12.50%) MVC
3 4 (12.50%) Business Analysis
4 3 (9.38%) Multithreading
5 2 (6.25%) OO
5 2 (6.25%) Scrum
5 2 (6.25%) Change Management
5 2 (6.25%) Asset Management
5 2 (6.25%) Data Architecture
5 2 (6.25%) Quantitative Risk Management
5 2 (6.25%) Risk Analytics
6 1 (3.13%) Portfolio Management
6 1 (3.13%) Change Control
Programming Languages
1 14 (43.75%) SQL
2 10 (31.25%) C#
3 5 (15.63%) Python
4 4 (12.50%) C++
5 3 (9.38%) Perl
6 2 (6.25%) Java
6 2 (6.25%) VBA
7 1 (3.13%) F#
7 1 (3.13%) C
7 1 (3.13%) MATLAB
Qualifications
1 5 (15.63%) Degree
Quality Assurance & Compliance
1 8 (25.00%) CRD IV
2 4 (12.50%) Basel II
3 1 (3.13%) EMIR
3 1 (3.13%) Dodd-Frank
3 1 (3.13%) COREP
3 1 (3.13%) FINREP
3 1 (3.13%) Data Quality
3 1 (3.13%) Sarbanes-Oxley
Vendors
1 3 (9.38%) Sybase
1 3 (9.38%) Microsoft
2 2 (6.25%) Informatica
2 2 (6.25%) Oracle
2 2 (6.25%) Teradata
3 1 (3.13%) Business Objects
3 1 (3.13%) TIBCO