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 contractor rates offered in IT contracts that have cited Basel III over the 3 months to 25 February 2017 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 Feb 2017
Same period 2016 Same period 2015
Basel III
London / City of London
Rank 147 154 181
Rank change year-on-year
+7 +27
Contract jobs citing Basel III 1 5 8
As % of all contract IT jobs located in the City of London 0.034% 0.16% 0.16%
As % of the Quality Assurance & Compliance category 0.26% 1.35% 1.46%
Number of daily rates quoted 1 5 8
Median daily rate £403 £475 £538
Median daily rate % change year-on-year
-15.26% -11.62%
UK excluding London median daily rate £500 £500 £500
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - -

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
383 370 547
As % of all contract IT jobs located in the City of London 13.13% 11.54% 10.64%
Number of daily rates quoted 287 270 402
Median daily rate £500 £475 £430
Median daily rate % change year-on-year
+5.26% +10.46%
90% offered a daily rate of more than £335 £300 £250
10% offered a daily rate of more than £650 £625 £575
UK excluding London median daily rate £400 £390 £380
% change year-on-year
+2.56% +2.63%
Number of hourly rates quoted 3 6 1
Median hourly rate £14.00 £26.75 £19.14
Median hourly rate % change year-on-year
-47.66% +39.79%
UK excluding London median hourly rate £20.75 £42.50 £22.50
% change year-on-year
-51.17% +88.88%

Basel III
Jobs Demand Trend in the City of London

The demand trend of contract jobs across the City of London region citing Basel III as a proportion of all IT contracts with a match in 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
Top 30 Related IT Skills in the City of London

For the 6 months to 25 February 2017, IT contractor jobs citing Basel III 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 III.

1 3 (75.00%) Finance
1 3 (75.00%) Data Modelling
1 3 (75.00%) Banking
1 3 (75.00%) Derivative
2 2 (50.00%) Business Analysis
2 2 (50.00%) Risk Management
2 2 (50.00%) Fixed Income
2 2 (50.00%) Murex
2 2 (50.00%) Foreign Exchange (FX)
2 2 (50.00%) XML
2 2 (50.00%) Basel II
2 2 (50.00%) Market Risk
2 2 (50.00%) SDLC
2 2 (50.00%) Analytics
2 2 (50.00%) Dodd-Frank
2 2 (50.00%) Data Flow Diagram
3 1 (25.00%) FINREP
3 1 (25.00%) Workflow Analysis
3 1 (25.00%) Release Management
3 1 (25.00%) Integration Testing
3 1 (25.00%) Oracle Fusion
3 1 (25.00%) Stakeholder Engagement
3 1 (25.00%) Financial Institution
3 1 (25.00%) MBA
3 1 (25.00%) Stakeholder Management
3 1 (25.00%) Scrum
3 1 (25.00%) SAP R/3
3 1 (25.00%) Microsoft
3 1 (25.00%) XBRL
3 1 (25.00%) Oracle

Basel III
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 (25.00%) MS Office
Business Applications
1 1 (25.00%) SAP R/3
General
1 3 (75.00%) Banking
1 3 (75.00%) Finance
2 1 (25.00%) Financial Institution
2 1 (25.00%) General Ledger
Job Titles
1 4 (100.00%) Analyst
1 4 (100.00%) Business Analyst
2 2 (50.00%) Risk Analyst
2 2 (50.00%) Risk Business Analyst
2 2 (50.00%) Senior Analyst
2 2 (50.00%) Senior Business Analyst
3 1 (25.00%) Derivatives Business Analyst
3 1 (25.00%) Finance Business Analyst
3 1 (25.00%) Financial Analyst
3 1 (25.00%) Financial Business Analyst
3 1 (25.00%) Market Risk Analyst
3 1 (25.00%) Market Risk Business Analyst
3 1 (25.00%) Murex Analyst
3 1 (25.00%) Murex Business Analyst
3 1 (25.00%) Senior Financial Analyst
3 1 (25.00%) Senior Risk Analyst
Libraries, Frameworks & Software Standards
1 2 (50.00%) XML
2 1 (25.00%) Oracle Fusion
2 1 (25.00%) XBRL
Miscellaneous
1 3 (75.00%) Derivative
2 2 (50.00%) Fixed Income
2 2 (50.00%) Foreign Exchange (FX)
2 2 (50.00%) Market Risk
3 1 (25.00%) Equities
Processes & Methodologies
1 3 (75.00%) Data Modelling
2 2 (50.00%) Analytics
2 2 (50.00%) Business Analysis
2 2 (50.00%) Data Flow Diagram
2 2 (50.00%) Risk Management
2 2 (50.00%) SDLC
3 1 (25.00%) Agile Software Development
3 1 (25.00%) Data Analysis
3 1 (25.00%) Economics
3 1 (25.00%) Integration Testing
3 1 (25.00%) Release Management
3 1 (25.00%) Requirements Management
3 1 (25.00%) Scrum
3 1 (25.00%) Stakeholder Engagement
3 1 (25.00%) Stakeholder Management
3 1 (25.00%) Use Case
3 1 (25.00%) Workflow
3 1 (25.00%) Workflow Analysis
Qualifications
1 1 (25.00%) CFA
1 1 (25.00%) Degree
1 1 (25.00%) MBA
Quality Assurance & Compliance
1 2 (50.00%) Basel II
1 2 (50.00%) Dodd-Frank
2 1 (25.00%) FINREP
Vendors
1 2 (50.00%) Murex
2 1 (25.00%) Microsoft
2 1 (25.00%) Oracle
2 1 (25.00%) SAP