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 10 December 2016 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
10 Dec 2016
Same period 2015 Same period 2014
Basel III
Rank 163 146 195
Rank change year-on-year
-17 +49
Contract jobs citing Basel III 3 8 5
As % of all contract IT jobs located in the City of London 0.095% 0.23% 0.087%
As % of the Quality Assurance & Compliance category 0.90% 2.37% 0.93%
Number of daily rates quoted 3 8 5
Median daily rate £650 £475 £625
Median daily rate % change year-on-year
+36.84% -24.00%
UK excluding London median daily rate - £483 £500
% change year-on-year
- -3.50%
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median 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
332 337 538
As % of all contract IT jobs located in the City of London 10.49% 9.87% 9.36%
Number of daily rates quoted 250 231 416
Median daily rate £500 £475 £450
Median daily rate % change year-on-year
+5.26% +5.55%
90% offered a daily rate of more than £375 £311 £275
10% offered a daily rate of more than £680 £618 £625
UK excluding London median daily rate £400 £400 £375
% change year-on-year
- +6.66%
Number of hourly rates quoted 3 7 5
Median hourly rate £46.50 £25.00 £17.50
Median hourly rate % change year-on-year
+86.00% +42.85%
90% offered a hourly rate of more than £22.90 £20.68 £14.63
10% offered a hourly rate of more than £139.30 £50.00 £43.25
UK excluding London median hourly rate £21.50 £25.00 £21.99
% change year-on-year
-14.00% +13.67%

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 10 December 2016, 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 9 (81.82%) Finance
2 6 (54.55%) Market Risk
3 5 (45.45%) Credit Risk
4 4 (36.36%) Risk Management
4 4 (36.36%) Fixed Income
4 4 (36.36%) Banking
5 3 (27.27%) Retail
5 3 (27.27%) Data Analysis
5 3 (27.27%) Business Analysis
5 3 (27.27%) Front Office
5 3 (27.27%) Derivative
5 3 (27.27%) Reference Data
5 3 (27.27%) SQL
5 3 (27.27%) MS Visio
6 2 (18.18%) Data Modelling
6 2 (18.18%) Murex
6 2 (18.18%) MS Office
6 2 (18.18%) XML
6 2 (18.18%) ITIL
6 2 (18.18%) MS Excel
6 2 (18.18%) SharePoint
6 2 (18.18%) CISSP
6 2 (18.18%) Foreign Exchange (FX)
6 2 (18.18%) Sarbanes-Oxley
6 2 (18.18%) Basel II
6 2 (18.18%) Risk Assessment
6 2 (18.18%) Information Security
6 2 (18.18%) CISA
6 2 (18.18%) CISM
6 2 (18.18%) Quality Management

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:

Application Platforms
1 2 (18.18%) SharePoint
Applications
1 3 (27.27%) MS Visio
2 2 (18.18%) MS Excel
2 2 (18.18%) MS Office
2 2 (18.18%) MS PowerPoint
General
1 9 (81.82%) Finance
2 4 (36.36%) Banking
3 3 (27.27%) Front Office
3 3 (27.27%) Retail
Job Titles
1 9 (81.82%) Analyst
2 8 (72.73%) Business Analyst
3 6 (54.55%) Risk Analyst
3 6 (54.55%) Risk Business Analyst
4 5 (45.45%) Market Risk Analyst
4 5 (45.45%) Market Risk Business Analyst
5 4 (36.36%) Credit Analyst
5 4 (36.36%) Credit Risk Analyst
5 4 (36.36%) Credit Risk Business Analyst
6 3 (27.27%) Senior Analyst
6 3 (27.27%) Senior Business Analyst
7 1 (9.09%) Derivatives Business Analyst
7 1 (9.09%) Finance Business Analyst
7 1 (9.09%) Financial Analyst
7 1 (9.09%) Financial Business Analyst
7 1 (9.09%) Murex Analyst
7 1 (9.09%) Murex Business Analyst
7 1 (9.09%) Senior Financial Analyst
7 1 (9.09%) Senior Risk Analyst
7 1 (9.09%) Test Analyst
Libraries, Frameworks & Software Standards
1 2 (18.18%) XML
Miscellaneous
1 6 (54.55%) Market Risk
2 5 (45.45%) Credit Risk
3 4 (36.36%) Fixed Income
4 3 (27.27%) Derivative
4 3 (27.27%) Reference Data
5 2 (18.18%) Foreign Exchange (FX)
6 1 (9.09%) Economics
6 1 (9.09%) Equities
Processes & Methodologies
1 4 (36.36%) Risk Management
2 3 (27.27%) Business Analysis
2 3 (27.27%) Data Analysis
3 2 (18.18%) Analytics
3 2 (18.18%) Data Flow Diagram
3 2 (18.18%) Data Modelling
3 2 (18.18%) Information Security
3 2 (18.18%) Integration Testing
3 2 (18.18%) Internal Audit
3 2 (18.18%) ITIL
3 2 (18.18%) Quality Management
3 2 (18.18%) Regulatory Compliance
3 2 (18.18%) Risk Assessment
3 2 (18.18%) SDLC
4 1 (9.09%) Regression Testing
4 1 (9.09%) Release Management
4 1 (9.09%) Stakeholder Engagement
4 1 (9.09%) System Integration Testing
4 1 (9.09%) Use Case
4 1 (9.09%) Workflow Analysis
Programming Languages
1 3 (27.27%) SQL
Qualifications
1 2 (18.18%) CISA
1 2 (18.18%) CISM
1 2 (18.18%) CISSP
1 2 (18.18%) CRISC
2 1 (9.09%) CFA
2 1 (9.09%) Degree
2 1 (9.09%) MBA
Quality Assurance & Compliance
1 2 (18.18%) Basel II
1 2 (18.18%) COBIT
1 2 (18.18%) Dodd-Frank
1 2 (18.18%) Sarbanes-Oxley
Vendors
1 2 (18.18%) Murex
2 1 (9.09%) HP