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 6 July 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
6 Jul 2015
Same period 2014 Same period 2013
Basel III
Rank 184 185 189
Rank change year-on-year
+1 +4
Contract jobs citing Basel III 19 15 26
As % of all contract IT jobs located in the City of London 0.33% 0.26% 0.37%
As % of the Quality Assurance & Compliance category 3.84% 3.13% 4.23%
Number of daily rates quoted 19 13 20
Average daily rate
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£600 £550 £500
Average daily rate % change year-on-year
+9.09% +10.00%
90% offered a daily rate of more than £540 £498 £381
10% offered a daily rate of more than £630 £690 £575
UK excluding London average daily rate £500 £451 £433
% change year-on-year
+10.98% +4.16%
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
495 479 615
As % of all contract IT jobs located in the City of London 8.68% 8.35% 8.86%
Number of daily rates quoted 374 348 468
Average daily rate £488 £475 £475
Average daily rate % change year-on-year
+2.63% -
90% offered a daily rate of more than £325 £300 £314
10% offered a daily rate of more than £650 £650 £625
UK excluding London average daily rate £378 £365 £350
% change year-on-year
+3.42% +4.28%
Number of hourly rates quoted 6 6 11
Average hourly rate £20.99 £22.50 £27.50
Average hourly rate % change year-on-year
-6.71% -18.18%
90% offered a hourly rate of more than £10.00 £12.13 £13.97
10% offered a hourly rate of more than £55.50 £42.36 £135.00
UK excluding London average hourly rate £21.54 £20.50 £18.50
% change year-on-year
+5.06% +10.81%

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 6 July 2015.

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 6 July 2015, 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 28 (90.32%) Banking
2 17 (54.84%) Credit Risk
3 14 (45.16%) Finance
4 12 (38.71%) Stress Testing
5 10 (32.26%) Analytics
6 9 (29.03%) Dodd-Frank
7 7 (22.58%) Adaptiv
7 7 (22.58%) Investment Banking
7 7 (22.58%) SunGard
8 6 (19.35%) Retail
9 5 (16.13%) SQL
10 4 (12.90%) Agile Software Development
10 4 (12.90%) Business Analysis
10 4 (12.90%) Market Risk
10 4 (12.90%) User Acceptance Testing
10 4 (12.90%) Software Delivery
10 4 (12.90%) EMIR
11 3 (9.68%) System Integration Testing
11 3 (9.68%) Analytical Skills
11 3 (9.68%) Data Analytics
11 3 (9.68%) Wholesale Banking
11 3 (9.68%) Risk Management
11 3 (9.68%) Oracle
11 3 (9.68%) Java
11 3 (9.68%) Data Modelling
12 2 (6.45%) RDBMS
12 2 (6.45%) OO
12 2 (6.45%) C#
12 2 (6.45%) Stakeholder Management
12 2 (6.45%) Data Management

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

For the 6 months to 6 July 2015, 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 1 (3.23%) MS Office
Business Applications
1 7 (22.58%) Adaptiv
Database & Business Intelligence
1 2 (6.45%) RDBMS
1 2 (6.45%) Hadoop
1 2 (6.45%) Apache Hive
1 2 (6.45%) Big Data
1 2 (6.45%) Relational Database
1 2 (6.45%) Impala
General
1 28 (90.32%) Banking
2 14 (45.16%) Finance
3 7 (22.58%) Investment Banking
4 6 (19.35%) Retail
5 3 (9.68%) Wholesale Banking
6 1 (3.23%) Telecoms
Job Titles
1 16 (51.61%) Analyst
2 13 (41.94%) Business Analyst
3 12 (38.71%) Credit Risk Business Analyst
3 12 (38.71%) Credit Risk Analyst
4 5 (16.13%) Consultant
4 5 (16.13%) Credit Analyst
4 5 (16.13%) Risk Analyst
5 4 (12.90%) Change Consultant
6 3 (9.68%) Developer
6 3 (9.68%) Oracle Technical Architect
6 3 (9.68%) Test Analyst
6 3 (9.68%) Technical Architect
6 3 (9.68%) Architect
6 3 (9.68%) Oracle Architect
6 3 (9.68%) Testing Analyst
7 2 (6.45%) Test Leader
7 2 (6.45%) Hadoop Developer
7 2 (6.45%) Senior Developer
8 1 (3.23%) Java Developer
8 1 (3.23%) Project Manager
Libraries, Frameworks & Software Standards
1 1 (3.23%) HTML
1 1 (3.23%) XBRL
1 1 (3.23%) Hibernate
1 1 (3.23%) Spring
1 1 (3.23%) HTML5
Miscellaneous
1 17 (54.84%) Credit Risk
2 4 (12.90%) Market Risk
3 3 (9.68%) Analytical Skills
4 1 (3.23%) Foreign Exchange (FX)
Processes & Methodologies
1 12 (38.71%) Stress Testing
2 10 (32.26%) Analytics
3 4 (12.90%) Business Analysis
3 4 (12.90%) User Acceptance Testing
3 4 (12.90%) Agile Software Development
3 4 (12.90%) Software Delivery
4 3 (9.68%) System Integration Testing
4 3 (9.68%) Data Analytics
4 3 (9.68%) Data Modelling
4 3 (9.68%) Risk Management
5 2 (6.45%) Stakeholder Management
5 2 (6.45%) OO
5 2 (6.45%) Data Management
5 2 (6.45%) Data Architecture
5 2 (6.45%) Test Automation
5 2 (6.45%) BDD
5 2 (6.45%) SDLC
6 1 (3.23%) Logical Data Model
6 1 (3.23%) Monte Carlo Method
6 1 (3.23%) TDD
Programming Languages
1 5 (16.13%) SQL
2 3 (9.68%) Java
3 2 (6.45%) C#
Quality Assurance & Compliance
1 9 (29.03%) Dodd-Frank
2 4 (12.90%) EMIR
System Software
1 2 (6.45%) Apache Flume
1 2 (6.45%) HDFS
Systems Management
1 2 (6.45%) Oozie
Vendors
1 7 (22.58%) SunGard
2 3 (9.68%) Oracle
3 1 (3.23%) Sybase
3 1 (3.23%) Microsoft
3 1 (3.23%) HP