The table below looks at the statistics for FATCA 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 FATCA over the 3 months to 9 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
9 Dec 2016
Same period 2015 Same period 2014
Foreign Account Tax Compliance Act (FATCA)
Rank 164 154 199
Rank change year-on-year
-10 +45
Contract jobs citing FATCA 1 5 6
As % of all contract IT jobs located in the City of London 0.032% 0.15% 0.10%
As % of the Quality Assurance & Compliance category 0.30% 1.48% 1.12%
Number of daily rates quoted 0 2 3
Median daily rate - £548 £500
Median daily rate % change year-on-year
- +9.50%
UK excluding London median daily rate £450 £513 £508
% change year-on-year
-12.19% +0.98%
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - -
FATCA
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
331 337 534
As % of all contract IT jobs located in the City of London 10.46% 9.79% 9.31%
Number of daily rates quoted 249 230 411
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 £382 £308 £275
10% offered a daily rate of more than £683 £620 £625
UK excluding London median daily rate £400 £400 £375
% change year-on-year
- +6.66%
Number of hourly rates quoted 3 8 5
Median hourly rate £46.50 £23.50 £17.50
Median hourly rate % change year-on-year
+97.87% +34.28%
90% offered a hourly rate of more than £22.90 £18.19 £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 £20.99
% change year-on-year
-14.00% +19.09%

FATCA
Jobs Demand Trend in the City of London

The demand trend of contract jobs across the City of London region citing FATCA as a proportion of all IT contracts with a match in the Quality Assurance & Compliance category.

FATCA Jobs Demand Trend in the City of London

FATCA
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 FATCA across the City of London region.

FATCA Daily Rate Trend in the City of London

FATCA
Top 30 Related IT Skills in the City of London

For the 6 months to 9 December 2016, IT contractor jobs citing FATCA 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 FATCA.

1 5 (100.00%) Finance
2 2 (40.00%) Legal
2 2 (40.00%) Change Management
2 2 (40.00%) Financial Institution
2 2 (40.00%) MS Project
2 2 (40.00%) Project Management
2 2 (40.00%) Equities
2 2 (40.00%) Agile Software Development
2 2 (40.00%) Banking
2 2 (40.00%) Retail
2 2 (40.00%) Asset Management
2 2 (40.00%) Scrum
2 2 (40.00%) Fixed Income
2 2 (40.00%) Business Analysis
2 2 (40.00%) Degree
2 2 (40.00%) MiFID
2 2 (40.00%) Investment Management
2 2 (40.00%) Data Architecture
2 2 (40.00%) Data Governance
2 2 (40.00%) EMIR
2 2 (40.00%) AIFMD
3 1 (20.00%) DevOps
3 1 (20.00%) Analytical Skills
3 1 (20.00%) Target Operating Model
3 1 (20.00%) KYC
3 1 (20.00%) Black Duck
3 1 (20.00%) Sonatype Nexus
3 1 (20.00%) Minimum Viable Product
3 1 (20.00%) Regulatory Compliance
3 1 (20.00%) Spring Integration

FATCA
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:

Applications
1 2 (40.00%) MS Project
2 1 (20.00%) MS PowerPoint
2 1 (20.00%) MS Visio
Communications & Networking
1 1 (20.00%) HTTP
Database & Business Intelligence
1 1 (20.00%) Relational Database
Development Applications
1 1 (20.00%) Jenkins
1 1 (20.00%) Maven
1 1 (20.00%) Selenium
1 1 (20.00%) Sonatype Nexus
General
1 5 (100.00%) Finance
2 2 (40.00%) Banking
2 2 (40.00%) Financial Institution
2 2 (40.00%) Legal
2 2 (40.00%) Retail
Job Titles
1 2 (40.00%) Analyst
1 2 (40.00%) Business Analyst
1 2 (40.00%) IT Manager
1 2 (40.00%) IT Project Manager
1 2 (40.00%) MiFID Project Manager
1 2 (40.00%) Project Manager
2 1 (20.00%) Business IT Analyst
2 1 (20.00%) Finance Business Analyst
2 1 (20.00%) Financial Analyst
2 1 (20.00%) Financial Business Analyst
2 1 (20.00%) Financial Services Business Analyst
2 1 (20.00%) IT Analyst
2 1 (20.00%) IT Business Analyst
2 1 (20.00%) Regulatory Business Analyst
2 1 (20.00%) Senior DevOps
2 1 (20.00%) Service Analyst
Libraries, Frameworks & Software Standards
1 1 (20.00%) jQuery
1 1 (20.00%) Spring
1 1 (20.00%) Spring Integration
1 1 (20.00%) Spring MVC
1 1 (20.00%) Swing
Miscellaneous
1 2 (40.00%) Equities
1 2 (40.00%) Fixed Income
2 1 (20.00%) Analytical Skills
2 1 (20.00%) Management Information System
2 1 (20.00%) Minimum Viable Product
Processes & Methodologies
1 2 (40.00%) Agile Software Development
1 2 (40.00%) Asset Management
1 2 (40.00%) Business Analysis
1 2 (40.00%) Change Management
1 2 (40.00%) Data Architecture
1 2 (40.00%) Data Governance
1 2 (40.00%) Investment Management
1 2 (40.00%) Project Management
1 2 (40.00%) Scrum
2 1 (20.00%) Data Modelling
2 1 (20.00%) DevOps
2 1 (20.00%) KYC
2 1 (20.00%) MVC
2 1 (20.00%) Refactoring
2 1 (20.00%) Regulatory Compliance
2 1 (20.00%) Stakeholder Engagement
2 1 (20.00%) Stakeholder Management
2 1 (20.00%) Target Operating Model
2 1 (20.00%) User Stories
Programming Languages
1 1 (20.00%) Java
1 1 (20.00%) SQL
Qualifications
1 2 (40.00%) Degree
Quality Assurance & Compliance
1 2 (40.00%) AIFMD
1 2 (40.00%) EMIR
1 2 (40.00%) MiFID
Vendors
1 1 (20.00%) Black Duck