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 average contractor rates offered in IT contracts that have cited FATCA over the 3 months to 28 August 2014 with a comparison to the same period in 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.

Location
3 months to
28 Aug 2014
Same period 2013 Same period 2012
Foreign Account Tax Compliance Act (FATCA)
Rank 191 192 195
Rank change year-on-year
+1 +3
Contract jobs citing FATCA 6 27 29
As % of all contract IT jobs located in the City of London 0.10% 0.37% 0.37%
As % of the Quality Assurance & Compliance category 1.30% 4.61% 3.81%
Number of daily rates quoted 5 25 24
Average daily rate
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£550 £575 £546
Average daily rate % change year-on-year
-4.34% +5.26%
90% offered a daily rate of more than £425 £450 £400
10% offered a daily rate of more than £585 £675 £600
UK excluding London average daily rate £550 £600 £375
% change year-on-year
-8.33% +60.00%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average 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
463 586 761
As % of all contract IT jobs located in the City of London 7.96% 8.08% 9.74%
Number of daily rates quoted 333 441 570
Average daily rate £472 £475 £475
Average daily rate % change year-on-year
-0.63% -
90% offered a daily rate of more than £306 £300 £300
10% offered a daily rate of more than £600 £600 £625
UK excluding London average daily rate £375 £360 £360
% change year-on-year
+4.16% -
Number of hourly rates quoted 9 9 19
Average hourly rate £16.00 £20.00 £17.87
Average hourly rate % change year-on-year
-20.00% +11.95%
90% offered a hourly rate of more than £12.56 £13.97 £13.50
10% offered a hourly rate of more than £25.30 £67.50 £50.02
UK excluding London average hourly rate £19.50 £17.50 £21.25
% change year-on-year
+11.42% -17.64%

FATCA
Jobs Demand Trend in the City of London

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.

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 2014.

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 2014, 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 15 (62.50%) Banking
2 9 (37.50%) Finance
3 8 (33.33%) Asset Management
4 7 (29.17%) EMIR
5 6 (25.00%) Dodd-Frank
6 5 (20.83%) ISEB
7 4 (16.67%) Investment Banking
7 4 (16.67%) Wealth Management
8 3 (12.50%) MiFID
8 3 (12.50%) Data Integration
8 3 (12.50%) Hedge funds
8 3 (12.50%) Data Warehouse
8 3 (12.50%) Data Modelling
8 3 (12.50%) SOA
8 3 (12.50%) ETL
8 3 (12.50%) SAS
8 3 (12.50%) Business Intelligence
8 3 (12.50%) Business Analysis
9 2 (8.33%) Derivative
9 2 (8.33%) Equity Derivative
9 2 (8.33%) Retail
9 2 (8.33%) Front Office
9 2 (8.33%) Stakeholder Management
9 2 (8.33%) Equities
9 2 (8.33%) Project Management
9 2 (8.33%) SQL
9 2 (8.33%) Oracle
10 1 (4.17%) UML
10 1 (4.17%) Foreign Exchange (FX)
10 1 (4.17%) Java

FATCA
Top Related IT Skills in the City of London by Category

For the 6 months to 28 August 2014, 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 Platforms
1 3 (12.50%) SAS
Database & Business Intelligence
1 3 (12.50%) Data Warehouse
General
1 15 (62.50%) Banking
2 9 (37.50%) Finance
3 4 (16.67%) Investment Banking
4 2 (8.33%) Retail
4 2 (8.33%) Front Office
5 1 (4.17%) Back Office
5 1 (4.17%) Legal
5 1 (4.17%) Retail Banking
Job Titles
1 16 (66.67%) Business Analyst
1 16 (66.67%) Analyst
2 5 (20.83%) Banking Business Analyst
3 3 (12.50%) Solutions Architect
3 3 (12.50%) Architect
3 3 (12.50%) Project Manager
3 3 (12.50%) Financial Business Analyst
4 1 (4.17%) Technical Business Analyst
4 1 (4.17%) UML Business Analyst
4 1 (4.17%) Technical Analyst
4 1 (4.17%) Technical Specialist
4 1 (4.17%) Compliance Specialist
Miscellaneous
1 3 (12.50%) Data Integration
1 3 (12.50%) Hedge funds
2 2 (8.33%) Equities
2 2 (8.33%) Derivative
2 2 (8.33%) Equity Derivative
3 1 (4.17%) Mobile Payment
3 1 (4.17%) Foreign Exchange (FX)
Processes & Methodologies
1 8 (33.33%) Asset Management
2 4 (16.67%) Wealth Management
3 3 (12.50%) Business Analysis
3 3 (12.50%) Data Modelling
3 3 (12.50%) SOA
3 3 (12.50%) ETL
3 3 (12.50%) Business Intelligence
4 2 (8.33%) Project Management
4 2 (8.33%) Stakeholder Management
5 1 (4.17%) UML
5 1 (4.17%) Business Development
5 1 (4.17%) Change Management
5 1 (4.17%) Use Case
5 1 (4.17%) Investment Management
5 1 (4.17%) Data Architecture
5 1 (4.17%) Requirements Engineering
Programming Languages
1 2 (8.33%) SQL
2 1 (4.17%) Java
Qualifications
1 5 (20.83%) ISEB
Quality Assurance & Compliance
1 7 (29.17%) EMIR
2 6 (25.00%) Dodd-Frank
3 3 (12.50%) MiFID
4 1 (4.17%) QA
4 1 (4.17%) AIFMD
Vendors
1 2 (8.33%) Oracle