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 26 May 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
26 May 2016
Same period 2015 Same period 2014
Foreign Account Tax Compliance Act (FATCA)
Rank 153 190 196
Rank change year-on-year
+37 +6
Contract jobs citing FATCA 8 11 18
As % of all contract IT jobs located in the City of London 0.24% 0.20% 0.30%
As % of the Quality Assurance & Compliance category 2.55% 2.18% 2.86%
Number of daily rates quoted 6 10 13
Median daily rate £363 £575 £425
Median daily rate % change year-on-year
-36.95% +35.29%
90% offered a daily rate of more than £313 £485 £415
10% offered a daily rate of more than £400 £600 £670
UK excluding London median daily rate £500 £400 £400
% change year-on-year
+25.00% -
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
314 505 629
As % of all contract IT jobs located in the City of London 9.43% 9.30% 10.52%
Number of daily rates quoted 245 391 459
Median daily rate £475 £478 £470
Median daily rate % change year-on-year
-0.62% +1.70%
90% offered a daily rate of more than £325 £325 £290
10% offered a daily rate of more than £625 £650 £625
UK excluding London median daily rate £400 £375 £365
% change year-on-year
+6.66% +2.73%
Number of hourly rates quoted 0 5 6
Median hourly rate - £17.50 £16.25
Median hourly rate % change year-on-year
- +7.69%
UK excluding London median hourly rate £27.00 £23.00 £21.00
% change year-on-year
+17.39% +9.52%

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 28 Related IT Skills in the City of London

For the 6 months to 26 May 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 (83.33%) Banking
2 9 (75.00%) Finance
2 9 (75.00%) Stakeholder Management
3 6 (50.00%) Investment Banking
4 5 (41.67%) Business Analysis
5 4 (33.33%) Billing
5 4 (33.33%) Business Intelligence
5 4 (33.33%) Cash Management
5 4 (33.33%) Target Operating Model
5 4 (33.33%) KYC
5 4 (33.33%) Anti-Money Laundering
6 2 (16.67%) Stakeholder Engagement
6 2 (16.67%) Analytical Skills
6 2 (16.67%) MiFID
7 1 (8.33%) Financial Institution
7 1 (8.33%) Derivative
7 1 (8.33%) User Acceptance Testing
7 1 (8.33%) Informatica
7 1 (8.33%) Project Management
7 1 (8.33%) Oracle
7 1 (8.33%) ETL
7 1 (8.33%) Equities
7 1 (8.33%) Teradata
7 1 (8.33%) Operational Acceptance Testing
7 1 (8.33%) System Integration Testing
7 1 (8.33%) EMIR
7 1 (8.33%) Dodd-Frank
7 1 (8.33%) Business Process Mapping

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:

General
1 10 (83.33%) Banking
2 9 (75.00%) Finance
3 6 (50.00%) Investment Banking
4 4 (33.33%) Billing
5 1 (8.33%) Financial Institution
Job Titles
1 9 (75.00%) Analyst
1 9 (75.00%) Business Analyst
2 6 (50.00%) Banking Analyst
2 6 (50.00%) Banking Business Analyst
3 4 (33.33%) Finance Business Analyst
3 4 (33.33%) Financial Analyst
3 4 (33.33%) Financial Business Analyst
3 4 (33.33%) Financial Services Business Analyst
3 4 (33.33%) Service Analyst
4 2 (16.67%) MiFID Business Analyst
4 2 (16.67%) Project Manager
5 1 (8.33%) Developer
5 1 (8.33%) ETL Developer
5 1 (8.33%) Oracle Developer
5 1 (8.33%) Oracle ETL Developer
5 1 (8.33%) Programme Manager
5 1 (8.33%) Programme Test Manager
5 1 (8.33%) Project Analyst
5 1 (8.33%) Report Manager
5 1 (8.33%) Test Programme Manager
Miscellaneous
1 2 (16.67%) Analytical Skills
2 1 (8.33%) Derivative
2 1 (8.33%) Equities
Processes & Methodologies
1 9 (75.00%) Stakeholder Management
2 5 (41.67%) Business Analysis
3 4 (33.33%) Anti-Money Laundering
3 4 (33.33%) Business Intelligence
3 4 (33.33%) Cash Management
3 4 (33.33%) KYC
3 4 (33.33%) Target Operating Model
4 2 (16.67%) Stakeholder Engagement
5 1 (8.33%) Business Process Mapping
5 1 (8.33%) ETL
5 1 (8.33%) Operational Acceptance Testing
5 1 (8.33%) Project Management
5 1 (8.33%) System Integration Testing
5 1 (8.33%) User Acceptance Testing
Quality Assurance & Compliance
1 2 (16.67%) MiFID
2 1 (8.33%) Dodd-Frank
2 1 (8.33%) EMIR
Vendors
1 1 (8.33%) Informatica
1 1 (8.33%) Oracle
1 1 (8.33%) Teradata
City, London
Hays Finance Technology
Rate: £700.00 - £800.00 per day
Posted: 3 days ago