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 19 December 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
19 Dec 2014
Same period 2013 Same period 2012
Foreign Account Tax Compliance Act (FATCA)
Rank 192 194 186
Rank change year-on-year
+2 -8
Contract jobs citing FATCA 8 14 14
As % of all contract IT jobs located in the City of London 0.14% 0.21% 0.23%
As % of the Quality Assurance & Compliance category 1.86% 2.47% 2.75%
Number of daily rates quoted 5 14 13
Average daily rate
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of your Daily Rate
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£390 £563 £550
Average daily rate % change year-on-year
-30.66% +2.27%
90% offered a daily rate of more than £185 £448 £480
10% offered a daily rate of more than £590 £618 £675
UK excluding London average daily rate £500 £425 £348
% change year-on-year
+17.64% +22.30%
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
429 566 510
As % of all contract IT jobs located in the City of London 7.60% 8.33% 8.32%
Number of daily rates quoted 330 428 388
Average daily rate £450 £475 £460
Average daily rate % change year-on-year
-5.26% +3.26%
90% offered a daily rate of more than £250 £298 £300
10% offered a daily rate of more than £625 £625 £650
UK excluding London average daily rate £368 £350 £350
% change year-on-year
+5.00% -
Number of hourly rates quoted 5 3 12
Average hourly rate £17.50 £44.16 £36.75
Average hourly rate % change year-on-year
-60.36% +20.15%
90% offered a hourly rate of more than £14.63 £22.55 £17.55
10% offered a hourly rate of more than £43.25 £52.82 £121.65
UK excluding London average hourly rate £18.75 £18.55 £20.00
% change year-on-year
+1.07% -7.25%

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 19 December 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 19 December 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 6 (60.00%) Banking
2 4 (40.00%) Finance
3 3 (30.00%) Investment Banking
4 2 (20.00%) Business Analysis
4 2 (20.00%) Agile Software Development
4 2 (20.00%) Dodd-Frank
4 2 (20.00%) Retail
4 2 (20.00%) Retail Banking
5 1 (10.00%) Private Banking
5 1 (10.00%) Business Development
5 1 (10.00%) Credit Risk
5 1 (10.00%) Use Case
5 1 (10.00%) User Acceptance Testing
5 1 (10.00%) Integration Testing
5 1 (10.00%) SQL Server Analysis Services
5 1 (10.00%) System Testing
5 1 (10.00%) Dimensional Modelling
5 1 (10.00%) Reference Data
5 1 (10.00%) Data Architecture
5 1 (10.00%) HP Quality Center
5 1 (10.00%) Requirements Engineering
5 1 (10.00%) Waterfall
5 1 (10.00%) Functional Testing
5 1 (10.00%) EMIR
5 1 (10.00%) Stakeholder Management
5 1 (10.00%) Scrum
5 1 (10.00%) Programme Management
5 1 (10.00%) Java
5 1 (10.00%) SQL Server
5 1 (10.00%) ITIL

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

For the 6 months to 19 December 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.

Database & Business Intelligence
1 1 (10.00%) SQL Server Analysis Services
1 1 (10.00%) SQL Server
1 1 (10.00%) SQL Server Reporting Services
1 1 (10.00%) SQL Server Integration Services
General
1 6 (60.00%) Banking
2 4 (40.00%) Finance
3 3 (30.00%) Investment Banking
4 2 (20.00%) Retail
4 2 (20.00%) Retail Banking
5 1 (10.00%) Private Banking
Job Titles
1 4 (40.00%) Analyst
2 3 (30.00%) Business Analyst
3 1 (10.00%) Banking Business Analyst
3 1 (10.00%) Functional Test Analyst
3 1 (10.00%) Investment Banking Business Analyst
3 1 (10.00%) Compliance Specialist
3 1 (10.00%) Technical Analyst
3 1 (10.00%) SQL Developer
3 1 (10.00%) Technical Specialist
3 1 (10.00%) Business Architect
3 1 (10.00%) SQL Server Developer
3 1 (10.00%) Architect
3 1 (10.00%) Project Manager
3 1 (10.00%) Functional Analyst
3 1 (10.00%) Technical Business Analyst
3 1 (10.00%) Test Analyst
3 1 (10.00%) UML Business Analyst
3 1 (10.00%) Programme Manager
3 1 (10.00%) Developer
Miscellaneous
1 1 (10.00%) Credit Risk
1 1 (10.00%) Reference Data
1 1 (10.00%) Management Information System
Operating Systems
1 1 (10.00%) Windows
Processes & Methodologies
1 2 (20.00%) Business Analysis
1 2 (20.00%) Agile Software Development
2 1 (10.00%) Business Development
2 1 (10.00%) Use Case
2 1 (10.00%) User Acceptance Testing
2 1 (10.00%) Integration Testing
2 1 (10.00%) System Testing
2 1 (10.00%) Dimensional Modelling
2 1 (10.00%) Data Architecture
2 1 (10.00%) Requirements Engineering
2 1 (10.00%) Waterfall
2 1 (10.00%) Functional Testing
2 1 (10.00%) Stakeholder Management
2 1 (10.00%) Scrum
2 1 (10.00%) Programme Management
2 1 (10.00%) ITIL
2 1 (10.00%) PRINCE2
2 1 (10.00%) UML
2 1 (10.00%) ETL
2 1 (10.00%) Project Management
Programming Languages
1 1 (10.00%) Java
Qualifications
1 1 (10.00%) ISEB
1 1 (10.00%) PMP
1 1 (10.00%) PMI Certification
Quality Assurance & Compliance
1 2 (20.00%) Dodd-Frank
2 1 (10.00%) EMIR
Systems Management
1 1 (10.00%) HP Quality Center