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 29 April 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.

3 months to
29 Apr 2016
Same period 2015 Same period 2014
Basel III
Rank 156 187 188
Rank change year-on-year
+31 +1
Contract jobs citing Basel III 1 13 30
As % of all contract IT jobs located in the City of London 0.029% 0.24% 0.48%
As % of the Quality Assurance & Compliance category 0.32% 2.69% 4.62%
Number of daily rates quoted 1 10 26
Average daily rate £550 £550 £550
UK excluding London average daily rate £500 £500 £475
% change year-on-year
- +5.26%
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
310 483 649
As % of all contract IT jobs located in the City of London 8.88% 8.83% 10.44%
Number of daily rates quoted 236 355 458
Average daily rate £475 £475 £450
Average daily rate % change year-on-year
- +5.55%
90% offered a daily rate of more than £325 £313 £300
10% offered a daily rate of more than £625 £600 £613
UK excluding London average daily rate £400 £385 £370
% change year-on-year
+3.89% +4.05%
Number of hourly rates quoted 1 4 9
Average hourly rate £22.00 £13.75 £17.50
Average hourly rate % change year-on-year
+60.00% -21.42%
UK excluding London average hourly rate £33.00 £29.00 £19.50
% change year-on-year
+13.79% +48.71%

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
Top 30 Related IT Skills in the City of London

For the 6 months to 29 April 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 8 (100.00%) Banking
2 6 (75.00%) Investment Banking
3 5 (62.50%) Analytical Skills
4 4 (50.00%) Business Analysis
4 4 (50.00%) SQL
5 3 (37.50%) Data Warehouse
5 3 (37.50%) Microsoft
5 3 (37.50%) Finance
5 3 (37.50%) Credit Risk
6 2 (25.00%) Derivative
6 2 (25.00%) Business Intelligence
6 2 (25.00%) User Acceptance Testing
6 2 (25.00%) Integration Testing
6 2 (25.00%) Data Analysis
6 2 (25.00%) SQL Server
6 2 (25.00%) COM
7 1 (12.50%) Data Modelling
7 1 (12.50%) SAS
7 1 (12.50%) BusinessObjects
7 1 (12.50%) Foreign Exchange (FX)
7 1 (12.50%) Fixed Income
7 1 (12.50%) Equities
7 1 (12.50%) Financial Institution
7 1 (12.50%) Back Office
7 1 (12.50%) Risk Management
7 1 (12.50%) General Ledger
7 1 (12.50%) Big Data
7 1 (12.50%) Analytics
7 1 (12.50%) Technical Analysis
7 1 (12.50%) CRD IV

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

For the 6 months to 29 April 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 (12.50%) SAS
Database & Business Intelligence
1 3 (37.50%) Data Warehouse
2 2 (25.00%) SQL Server
3 1 (12.50%) Big Data
3 1 (12.50%) BusinessObjects
3 1 (12.50%) QlikView
General
1 8 (100.00%) Banking
2 6 (75.00%) Investment Banking
3 3 (37.50%) Finance
4 1 (12.50%) Back Office
4 1 (12.50%) Financial Institution
4 1 (12.50%) General Ledger
Job Titles
1 7 (87.50%) Analyst
2 6 (75.00%) Business Analyst
3 3 (37.50%) Liquidity Business Analyst
4 2 (25.00%) Banking Analyst
4 2 (25.00%) Banking Business Analyst
4 2 (25.00%) Technical Analyst
4 2 (25.00%) Technical Business Analyst
5 1 (12.50%) Big Data Developer
5 1 (12.50%) Developer
5 1 (12.50%) Report Analyst
5 1 (12.50%) SAS Analyst
Libraries, Frameworks & Software Standards
1 2 (25.00%) COM
Miscellaneous
1 5 (62.50%) Analytical Skills
2 3 (37.50%) Credit Risk
3 2 (25.00%) Derivative
4 1 (12.50%) Contract for Difference
4 1 (12.50%) Equities
4 1 (12.50%) Fixed Income
4 1 (12.50%) Foreign Exchange (FX)
Processes & Methodologies
1 4 (50.00%) Business Analysis
2 2 (25.00%) Business Intelligence
2 2 (25.00%) Data Analysis
2 2 (25.00%) Integration Testing
2 2 (25.00%) User Acceptance Testing
3 1 (12.50%) Analytics
3 1 (12.50%) Cost-Benefit Analysis
3 1 (12.50%) Data Modelling
3 1 (12.50%) IT Governance
3 1 (12.50%) Risk Management
3 1 (12.50%) Technical Analysis
Programming Languages
1 4 (50.00%) SQL
Quality Assurance & Compliance
1 1 (12.50%) COREP
1 1 (12.50%) CRD IV
Vendors
1 3 (37.50%) Microsoft