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 28 August 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
28 Aug 2016
Same period 2015 Same period 2014
Foreign Account Tax Compliance Act (FATCA)
Rank 167 205 197
Rank change year-on-year
+38 -8
Contract jobs citing FATCA 5 3 6
As % of all contract IT jobs located in the City of London 0.14% 0.056% 0.10%
As % of the Quality Assurance & Compliance category 1.44% 0.59% 1.05%
Number of daily rates quoted 5 2 5
Median daily rate £490 £379 £550
Median daily rate % change year-on-year
+29.37% -31.13%
90% offered a daily rate of more than £378 £266 £425
10% offered a daily rate of more than £515 £492 £585
UK excluding London median daily rate £400 £400 £550
% change year-on-year
- -27.27%
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - £17.00 -
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
348 510 569
As % of all contract IT jobs located in the City of London 10.05% 9.45% 9.64%
Number of daily rates quoted 278 375 405
Median daily rate £475 £450 £465
Median daily rate % change year-on-year
+5.55% -3.22%
90% offered a daily rate of more than £325 £321 £300
10% offered a daily rate of more than £585 £600 £600
UK excluding London median daily rate £400 £408 £382
% change year-on-year
-1.84% +6.67%
Number of hourly rates quoted 2 7 9
Median hourly rate £52.75 £24.00 £16.00
Median hourly rate % change year-on-year
+119.79% +50.00%
90% offered a hourly rate of more than £26.55 £15.80 £12.56
10% offered a hourly rate of more than £78.95 £55.50 £25.30
UK excluding London median hourly rate £28.15 £24.75 £19.75
% change year-on-year
+13.73% +25.31%

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
Daily Rate Histogram in the City of London

This chart provides a histogram of daily rates quoted in contract IT jobs citing FATCA across the City of London region over the 3 months to 28 August 2016.

FATCA Daily Rate Histogram in the City of London

FATCA
Top 30 Related IT Skills in the City of London

For the 6 months to 28 August 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 10 (76.92%) Finance
1 10 (76.92%) Banking
2 8 (61.54%) Stakeholder Management
3 5 (38.46%) Target Operating Model
4 4 (30.77%) KYC
4 4 (30.77%) Agile Software Development
5 3 (23.08%) MVC
5 3 (23.08%) Scrum
5 3 (23.08%) Business Intelligence
5 3 (23.08%) Java
5 3 (23.08%) Swing
5 3 (23.08%) Spring MVC
5 3 (23.08%) jQuery
5 3 (23.08%) Stakeholder Engagement
5 3 (23.08%) Cash Management
5 3 (23.08%) Spring
5 3 (23.08%) Billing
5 3 (23.08%) Degree
5 3 (23.08%) Investment Banking
5 3 (23.08%) Business Analysis
5 3 (23.08%) Analytical Skills
5 3 (23.08%) Regulatory Compliance
5 3 (23.08%) Anti-Money Laundering
5 3 (23.08%) Spring Integration
6 2 (15.38%) CSS3
6 2 (15.38%) AngularJS
6 2 (15.38%) Jenkins
6 2 (15.38%) Maven
6 2 (15.38%) HTML
6 2 (15.38%) HTML5

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:

Application Platforms
1 1 (7.69%) WebSphere
Applications
1 1 (7.69%) MS PowerPoint
1 1 (7.69%) MS Visio
Database & Business Intelligence
1 1 (7.69%) Relational Database
Development Applications
1 2 (15.38%) Jenkins
1 2 (15.38%) Maven
2 1 (7.69%) Git (software)
2 1 (7.69%) JIRA
2 1 (7.69%) JUnit
2 1 (7.69%) Mockito
2 1 (7.69%) Selenium
2 1 (7.69%) Sonatype Nexus
2 1 (7.69%) Spock
2 1 (7.69%) TeamCity
General
1 10 (76.92%) Banking
1 10 (76.92%) Finance
2 3 (23.08%) Billing
2 3 (23.08%) Investment Banking
Job Titles
1 9 (69.23%) Analyst
1 9 (69.23%) Business Analyst
2 5 (38.46%) Banking Analyst
2 5 (38.46%) Banking Business Analyst
3 4 (30.77%) Finance Business Analyst
3 4 (30.77%) Financial Analyst
3 4 (30.77%) Financial Business Analyst
3 4 (30.77%) Financial Services Business Analyst
3 4 (30.77%) Service Analyst
4 3 (23.08%) Developer
5 2 (15.38%) MiFID Business Analyst
6 1 (7.69%) Agile Developer
6 1 (7.69%) Business IT Analyst
6 1 (7.69%) IT Analyst
6 1 (7.69%) Oracle ETL Developer
6 1 (7.69%) Regulatory Business Analyst
6 1 (7.69%) Senior Agile Developer
6 1 (7.69%) Senior Developer
6 1 (7.69%) Senior DevOps
6 1 (7.69%) UX Developer
Libraries, Frameworks & Software Standards
1 3 (23.08%) jQuery
1 3 (23.08%) Spring
1 3 (23.08%) Spring Integration
1 3 (23.08%) Spring MVC
1 3 (23.08%) Swing
2 2 (15.38%) AngularJS
2 2 (15.38%) CSS
2 2 (15.38%) CSS3
2 2 (15.38%) HTML
2 2 (15.38%) HTML5
2 2 (15.38%) Node.js
3 1 (7.69%) EJB
3 1 (7.69%) J2EE
3 1 (7.69%) JDBC
3 1 (7.69%) JSP
3 1 (7.69%) Servlets
3 1 (7.69%) SOAP
3 1 (7.69%) Web Services
3 1 (7.69%) XML
3 1 (7.69%) XSD
Miscellaneous
1 3 (23.08%) Analytical Skills
2 1 (7.69%) Minimum Viable Product
2 1 (7.69%) User Experience
Operating Systems
1 1 (7.69%) Linux
1 1 (7.69%) Unix
Processes & Methodologies
1 8 (61.54%) Stakeholder Management
2 5 (38.46%) Target Operating Model
3 4 (30.77%) Agile Software Development
3 4 (30.77%) KYC
4 3 (23.08%) Anti-Money Laundering
4 3 (23.08%) Business Analysis
4 3 (23.08%) Business Intelligence
4 3 (23.08%) Cash Management
4 3 (23.08%) MVC
4 3 (23.08%) Regulatory Compliance
4 3 (23.08%) Scrum
4 3 (23.08%) Stakeholder Engagement
5 2 (15.38%) Refactoring
6 1 (7.69%) BDD
6 1 (7.69%) Business Process Mapping
6 1 (7.69%) Data Modelling
6 1 (7.69%) DevOps
6 1 (7.69%) ETL
6 1 (7.69%) TDD
6 1 (7.69%) User Stories
Programming Languages
1 3 (23.08%) Java
2 2 (15.38%) JavaScript
2 2 (15.38%) SQL
3 1 (7.69%) Korn
3 1 (7.69%) PL/SQL
3 1 (7.69%) Shell Script
3 1 (7.69%) XPath
Qualifications
1 3 (23.08%) Degree
Quality Assurance & Compliance
1 2 (15.38%) MiFID
Vendors
1 2 (15.38%) Oracle
2 1 (7.69%) Black Duck
2 1 (7.69%) Informatica
2 1 (7.69%) MuleSoft
2 1 (7.69%) Solace
2 1 (7.69%) Teradata