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 31 May 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
31 May 2016
Same period 2015 Same period 2014
Basel III
Rank 155 182 175
Rank change year-on-year
+27 -7
Contract jobs citing Basel III 2 15 30
As % of all contract IT jobs located in the City of London 0.060% 0.27% 0.50%
As % of the Quality Assurance & Compliance category 0.63% 2.94% 4.76%
Number of daily rates quoted 2 12 26
Median daily rate £550 £600 £550
Median daily rate % change year-on-year
-8.33% +9.09%
UK excluding London median daily rate £425 £500 £451
% change year-on-year
-15.00% +10.98%
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
320 510 630
As % of all contract IT jobs located in the City of London 9.55% 9.31% 10.44%
Number of daily rates quoted 251 397 458
Median daily rate £475 £479 £451
Median daily rate % change year-on-year
-0.88% +6.38%
90% offered a daily rate of more than £329 £325 £290
10% offered a daily rate of more than £625 £650 £645
UK excluding London median daily rate £400 £375 £365
% change year-on-year
+6.66% +2.73%
Number of hourly rates quoted 0 5 6
Median hourly rate - £17.50 £21.25
Median hourly rate % change year-on-year
- -17.64%
UK excluding London median hourly rate £27.62 £25.00 £21.00
% change year-on-year
+10.48% +19.04%

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 31 May 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 6 (100.00%) Banking
2 5 (83.33%) Investment Banking
3 4 (66.67%) Business Analysis
4 2 (33.33%) Analytical Skills
4 2 (33.33%) Finance
4 2 (33.33%) SQL
4 2 (33.33%) Data Warehouse
4 2 (33.33%) Microsoft
4 2 (33.33%) Credit Risk
5 1 (16.67%) User Acceptance Testing
5 1 (16.67%) Integration Testing
5 1 (16.67%) Big Data
5 1 (16.67%) Technical Analysis
5 1 (16.67%) CRD IV
5 1 (16.67%) COREP
5 1 (16.67%) Cost-Benefit Analysis
5 1 (16.67%) Derivative
5 1 (16.67%) IT Governance
5 1 (16.67%) Contract for Difference
5 1 (16.67%) QlikView
5 1 (16.67%) Asset Management
5 1 (16.67%) Data Analysis
5 1 (16.67%) BusinessObjects
5 1 (16.67%) Foreign Exchange (FX)
5 1 (16.67%) Basel II
5 1 (16.67%) Business Intelligence
5 1 (16.67%) SQL Server
5 1 (16.67%) COM
5 1 (16.67%) Fixed Income
5 1 (16.67%) Equities

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:

Database & Business Intelligence
1 2 (33.33%) Data Warehouse
2 1 (16.67%) Big Data
2 1 (16.67%) BusinessObjects
2 1 (16.67%) QlikView
2 1 (16.67%) SQL Server
General
1 6 (100.00%) Banking
2 5 (83.33%) Investment Banking
3 2 (33.33%) Finance
4 1 (16.67%) Back Office
4 1 (16.67%) General Ledger
Job Titles
1 4 (66.67%) Analyst
1 4 (66.67%) Business Analyst
2 3 (50.00%) Liquidity Business Analyst
3 1 (16.67%) Banking Analyst
3 1 (16.67%) Banking Business Analyst
3 1 (16.67%) Big Data Developer
3 1 (16.67%) Credit Risk Manager
3 1 (16.67%) Developer
3 1 (16.67%) Report Analyst
3 1 (16.67%) Risk Manager
3 1 (16.67%) Technical Analyst
3 1 (16.67%) Technical Business Analyst
3 1 (16.67%) Test Leader
3 1 (16.67%) Test Manager
Libraries, Frameworks & Software Standards
1 1 (16.67%) COM
Miscellaneous
1 2 (33.33%) Analytical Skills
1 2 (33.33%) Credit Risk
2 1 (16.67%) Contract for Difference
2 1 (16.67%) Derivative
2 1 (16.67%) Equities
2 1 (16.67%) Fixed Income
2 1 (16.67%) Foreign Exchange (FX)
Processes & Methodologies
1 4 (66.67%) Business Analysis
2 1 (16.67%) Asset Management
2 1 (16.67%) Business Intelligence
2 1 (16.67%) Cost-Benefit Analysis
2 1 (16.67%) Data Analysis
2 1 (16.67%) Integration Testing
2 1 (16.67%) IT Governance
2 1 (16.67%) Technical Analysis
2 1 (16.67%) User Acceptance Testing
Programming Languages
1 2 (33.33%) SQL
Quality Assurance & Compliance
1 1 (16.67%) Basel II
1 1 (16.67%) COREP
1 1 (16.67%) CRD IV
Vendors
1 2 (33.33%) Microsoft