The first table below looks at the demand for FATCA 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 FATCA over the 3 months to 19 June 2013 with a comparison to the same period in the previous 2 years. The second table is for comparison and provides aggregates for all of the Quality Assurance & Compliance category for the City of London region.

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.

Location
3 months to
19 Jun 2013
Same period 2012 Same period 2011
Foreign Account Tax Compliance Act (FATCA)
Rank 186 185 249
Rank change year-on-year
-1 +64
Contract jobs citing FATCA 24 27 2
As % of all contract IT jobs located in the City of London 0.354% 0.349% 0.020%
As % of the Quality Assurance & Compliance category 4.715% 4.103% 0.257%
Number of daily rates quoted 21 17 1
Average daily rate £525 £465 £400
Average daily rate % change year-on-year
+12.90% +16.25%
UK excluding London average daily rate £280 £338 £513
% change year-on-year
-17.03% -34.14%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
All Quality Assurance & Compliance
City of London
Contract IT job ads with a match in the
Quality Assurance & Compliance category
509 658 778
As % of all contract IT jobs located in the City of London 7.507% 8.500% 7.771%
Number of daily rates quoted 389 450 537
Average daily rate £450 £475 £494
Average daily rate % change year-on-year
-5.26% -3.79%
90% offered a daily rate of more than £298 £288 £325
10% offered a daily rate of more than £575 £650 £650
UK excluding London average daily rate £350 £350 £388
% change year-on-year
- -9.67%
Number of hourly rates quoted 11 24 20
Average hourly rate £32.00 £19.00 £19.00
Average hourly rate % change year-on-year
+68.42% -
90% offered a hourly rate of more than £13.97 £13.15 £11.85
10% offered a hourly rate of more than £135.00 £28.10 £43.45
UK excluding London average hourly rate £18.25 £16.72 £30.00
% change year-on-year
+9.15% -44.26%
FATCA
London

FATCA
Jobs Demand Trend

This chart provides a 3-month moving total of IT contractor jobs citing FATCA across the City of London region as a proportion of the total demand within the Quality Assurance & Compliance category.

City of London FATCA Jobs Demand Trend

FATCA
Daily Rate Trend

This chart provides the 3-month moving average for daily rates quoted in IT contract jobs citing FATCA across the City of London region.

City of London FATCA Daily Rate Trend

FATCA
Daily Rate Histogram

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 19 June 2013.

City of London FATCA Daily Rate Histogram

FATCA
Top 30 Related IT Skills

For the 6 months to 19 June 2013, IT contractor jobs across the City of London region citing FATCA 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 FATCA.

1 31 (83.78%) Banking
2 18 (48.65%) Finance
3 16 (43.24%) Investment Banking
4 7 (18.92%) Project Management
4 7 (18.92%) Business Analysis
5 5 (13.51%) Back Office
5 5 (13.51%) Stakeholder Management
6 4 (10.81%) Retail
6 4 (10.81%) Legal
6 4 (10.81%) Derivative
6 4 (10.81%) Corporate Banking
7 3 (8.108%) GAP Analysis
7 3 (8.108%) Misys Midas
7 3 (8.108%) Data Analysis
7 3 (8.108%) Foreign Exchange (FX)
8 2 (5.405%) Change Management
8 2 (5.405%) Misys
8 2 (5.405%) SQL
8 2 (5.405%) .NET
8 2 (5.405%) Telecoms
8 2 (5.405%) Asset Management
8 2 (5.405%) Use Case
8 2 (5.405%) Reference Data
8 2 (5.405%) Stakeholder Engagement
8 2 (5.405%) Interest Rate Derivative
9 1 (2.703%) Equity Derivative
9 1 (2.703%) Incident Management
9 1 (2.703%) Automated Testing
9 1 (2.703%) Project Planning
9 1 (2.703%) Degree

FATCA
Top Related IT Skills by Category

For the 6 months to 19 June 2013, IT contractor jobs across the City of London region citing FATCA 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 FATCA. Up to 20 skills are shown per category.

Application Development
1 2 (5.405%) .NET
Applications
1 1 (2.703%) MS Office
Business Applications
1 3 (8.108%) Misys Midas
2 1 (2.703%) Oracle General Ledger
General
1 31 (83.78%) Banking
2 18 (48.65%) Finance
3 16 (43.24%) Investment Banking
4 5 (13.51%) Back Office
5 4 (10.81%) Retail
5 4 (10.81%) Legal
5 4 (10.81%) Corporate Banking
6 2 (5.405%) Telecoms
Job Titles
1 20 (54.05%) Analyst
2 19 (51.35%) Business Analyst
3 10 (27.03%) Project Manager
4 3 (8.108%) Senior Analyst
5 2 (5.405%) Senior Business Analyst
5 2 (5.405%) Technical Analyst
5 2 (5.405%) Technical Business Analyst
6 1 (2.703%) Banking Business Analyst
6 1 (2.703%) Lead Business Analyst
6 1 (2.703%) Senior Test Analyst
6 1 (2.703%) Senior Project Manager
6 1 (2.703%) Test Analyst
6 1 (2.703%) Senior Manager
6 1 (2.703%) Programme Manager
Miscellaneous
1 4 (10.81%) Derivative
2 3 (8.108%) Foreign Exchange (FX)
3 2 (5.405%) Reference Data
3 2 (5.405%) Interest Rate Derivative
4 1 (2.703%) Equity Derivative
4 1 (2.703%) SWIFT
4 1 (2.703%) Fixed Income
4 1 (2.703%) Credit Derivative
4 1 (2.703%) Equities
Processes & Methodologies
1 7 (18.92%) Project Management
1 7 (18.92%) Business Analysis
2 5 (13.51%) Stakeholder Management
3 3 (8.108%) GAP Analysis
3 3 (8.108%) Data Analysis
4 2 (5.405%) Change Management
4 2 (5.405%) Asset Management
4 2 (5.405%) Use Case
4 2 (5.405%) Stakeholder Engagement
5 1 (2.703%) Incident Management
5 1 (2.703%) Automated Testing
5 1 (2.703%) Project Planning
5 1 (2.703%) Fund Management
5 1 (2.703%) Problem Management
5 1 (2.703%) Matrix Management
5 1 (2.703%) User Acceptance Testing
5 1 (2.703%) Integration Testing
5 1 (2.703%) Requirements Analysis
5 1 (2.703%) Programme Management
5 1 (2.703%) PRINCE2
Programming Languages
1 2 (5.405%) SQL
Qualifications
1 1 (2.703%) Degree
1 1 (2.703%) PRINCE2 Certification
Quality Assurance & Compliance
1 1 (2.703%) MiFID
1 1 (2.703%) QA
1 1 (2.703%) Basel III
1 1 (2.703%) Sarbanes-Oxley
Systems Management
1 1 (2.703%) HP Quality Center
Vendors
1 2 (5.405%) Misys
2 1 (2.703%) Oracle
2 1 (2.703%) Microsoft
2 1 (2.703%) HP
City of London
Strong core BA skills like Data, System, Process Modelling. Investment Banking experience. Expert in Use Case modelling and writing functional requirements. Exposure to Client Onboarding/KYC highly desirable.
Orgtel
Rate: £500 - £750 per day
Posted: 3 June 2013
City of London
Key skills: -Strong IT Business Analyst-Extensive Investment Banking background-Capturing business requirements-Strong product knowledge including one of the following areas: Interest Rate Derivatives, Commodities, Equities Derivatives,...
Huxley Associates
Rate: £450 - £600 per day
Posted: 13 June 2013
City of London
I have an excellent opportunity that will be coming up shortly with an Investment Bank where My Client is looking for an experienced Data Analyst with experience with...
Real Staffing
Rate: £450 - £550 per day
Posted: 18 June 2013
City of London
The successful Regulatory Project Manager will have the following: Strong understanding of regulations impacting the Banking landscape such as Dodd Frank, EMIR and FATCA. At least 5 years...
Orgtel
Rate: £600 - £800 per day
Posted: 3 June 2013
City of London
Key skills: -Senior Project Manager-Investment banking background-Strong FATCA knowledge and experience-End to end delivery experience in business change and technology-Change/transformation experience-KYC, Client...
Huxley Associates
Rate: £600 - £750 per day
Posted: 17 June 2013
City of London
Huxley Associates
Rate: £750 - £800 per day
Posted: 4 June 2013