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 9 February 2016 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
9 Feb 2016
Same period 2015 Same period 2014
Basel III
Rank 144 184 170
Rank change year-on-year
+40 -14
Contract jobs citing Basel III 6 8 35
As % of all contract IT jobs located in the City of London 0.19% 0.16% 0.59%
As % of the Quality Assurance & Compliance category 1.83% 1.75% 5.76%
Number of daily rates quoted 6 8 27
Average daily rate £475 £625 £525
Average daily rate % change year-on-year
-24.00% +19.04%
90% offered a daily rate of more than £400 £303 £450
10% offered a daily rate of more than £568 £723 £675
UK excluding London average daily rate £500 £500 £463
% change year-on-year
- +7.99%
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
328 457 608
As % of all contract IT jobs located in the City of London 10.42% 8.92% 10.22%
Number of daily rates quoted 235 335 435
Average daily rate £500 £450 £450
Average daily rate % change year-on-year
+11.11% -
90% offered a daily rate of more than £308 £250 £280
10% offered a daily rate of more than £625 £578 £600
UK excluding London average daily rate £400 £380 £350
% change year-on-year
+5.26% +8.57%
Number of hourly rates quoted 6 2 3
Average hourly rate £26.75 £30.13 £18.70
Average hourly rate % change year-on-year
-11.20% +61.09%
90% offered a hourly rate of more than £21.00 £19.23 £17.74
10% offered a hourly rate of more than £40.75 £41.03 £23.74
UK excluding London average hourly rate £42.25 £23.25 £17.00
% change year-on-year
+81.72% +36.76%

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 9 February 2016.

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 9 February 2016, 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 16 (100.00%) Banking
2 12 (75.00%) Investment Banking
3 8 (50.00%) Business Analysis
3 8 (50.00%) SQL
3 8 (50.00%) Microsoft
4 7 (43.75%) Finance
5 6 (37.50%) Data Warehouse
5 6 (37.50%) Analytical Skills
6 5 (31.25%) User Acceptance Testing
7 3 (18.75%) Integration Testing
7 3 (18.75%) Waterfall
7 3 (18.75%) Credit Risk
7 3 (18.75%) Data Analysis
7 3 (18.75%) Derivative
7 3 (18.75%) Agile Software Development
7 3 (18.75%) SQL Server
7 3 (18.75%) PRINCE2
7 3 (18.75%) Scrum
7 3 (18.75%) EMIR
7 3 (18.75%) Dodd-Frank
8 2 (12.50%) Validation
8 2 (12.50%) Risk Management
8 2 (12.50%) MS Excel
8 2 (12.50%) Business Intelligence
8 2 (12.50%) MS Office
8 2 (12.50%) COM
8 2 (12.50%) .NET
8 2 (12.50%) Oracle
8 2 (12.50%) C++
8 2 (12.50%) Java

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

For the 6 months to 9 February 2016, 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.

Application Platforms
1 1 (6.25%) SAS
Applications
1 2 (12.50%) MS Excel
1 2 (12.50%) MS Office
1 2 (12.50%) MS Visio
Database & Business Intelligence
1 6 (37.50%) Data Warehouse
2 3 (18.75%) SQL Server
3 1 (6.25%) BusinessObjects
Development Applications
1 2 (12.50%) JIRA
General
1 16 (100.00%) Banking
2 12 (75.00%) Investment Banking
3 7 (43.75%) Finance
4 1 (6.25%) Back Office
4 1 (6.25%) Financial Institution
4 1 (6.25%) Front Office
4 1 (6.25%) General Ledger
4 1 (6.25%) Retail
Job Titles
1 15 (93.75%) Analyst
2 12 (75.00%) Business Analyst
3 5 (31.25%) Banking Analyst
3 5 (31.25%) Banking Business Analyst
4 3 (18.75%) Compliance Analyst
4 3 (18.75%) Compliance Business Analyst
4 3 (18.75%) IT Analyst
4 3 (18.75%) Liquidity Business Analyst
4 3 (18.75%) Technical Analyst
4 3 (18.75%) Technical Business Analyst
5 2 (12.50%) Regulatory Business Analyst
5 2 (12.50%) Report Analyst
5 2 (12.50%) Risk Analyst
5 2 (12.50%) Risk Business Analyst
6 1 (6.25%) Business Change Business Analyst
6 1 (6.25%) Finance Business Analyst
6 1 (6.25%) IT Business Analyst
6 1 (6.25%) Market Risk Project Manager
6 1 (6.25%) Report Manager
6 1 (6.25%) Risk Project Manager
Libraries, Frameworks & Software Standards
1 2 (12.50%) .NET
1 2 (12.50%) COM
Miscellaneous
1 6 (37.50%) Analytical Skills
2 3 (18.75%) Credit Risk
2 3 (18.75%) Derivative
3 2 (12.50%) Market Risk
4 1 (6.25%) Contract for Difference
4 1 (6.25%) Equities
4 1 (6.25%) Fixed Income
4 1 (6.25%) Foreign Exchange (FX)
Processes & Methodologies
1 8 (50.00%) Business Analysis
2 5 (31.25%) User Acceptance Testing
3 3 (18.75%) Agile Software Development
3 3 (18.75%) Data Analysis
3 3 (18.75%) Integration Testing
3 3 (18.75%) PRINCE2
3 3 (18.75%) Scrum
3 3 (18.75%) Waterfall
4 2 (12.50%) Business Intelligence
4 2 (12.50%) Data Modelling
4 2 (12.50%) Risk Management
4 2 (12.50%) Validation
5 1 (6.25%) Analytics
5 1 (6.25%) Business Process Mapping
5 1 (6.25%) Cost-Benefit Analysis
5 1 (6.25%) SDLC
5 1 (6.25%) Target Operating Model
5 1 (6.25%) Technical Analysis
5 1 (6.25%) Translating Business Requirements
5 1 (6.25%) UML
Programming Languages
1 8 (50.00%) SQL
2 2 (12.50%) C++
2 2 (12.50%) Java
Qualifications
1 1 (6.25%) PMI Certification
1 1 (6.25%) PMP
Quality Assurance & Compliance
1 3 (18.75%) Dodd-Frank
1 3 (18.75%) EMIR
2 1 (6.25%) COREP
2 1 (6.25%) CRD IV
Vendors
1 8 (50.00%) Microsoft
2 2 (12.50%) Oracle