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 22 February 2017 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
22 Feb 2017
Same period 2016 Same period 2015
Foreign Account Tax Compliance Act (FATCA)
London / City of London
Rank 151 148 181
Rank change year-on-year
-3 +33
Contract jobs citing FATCA 4 5 9
As % of all contract IT jobs located in the City of London 0.14% 0.16% 0.18%
As % of the Quality Assurance & Compliance category 1.13% 1.49% 1.92%
Number of daily rates quoted 3 5 7
Median daily rate £450 £525 £450
Median daily rate % change year-on-year
-14.28% +16.66%
90% offered a daily rate of more than £340 £425 £304
10% offered a daily rate of more than £750 £540 £635
UK excluding London median daily rate £360 £363 £513
% change year-on-year
-0.68% -29.30%
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - -

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
353 335 469
As % of all contract IT jobs located in the City of London 11.96% 10.49% 9.14%
Number of daily rates quoted 260 243 337
Median daily rate £500 £488 £438
Median daily rate % change year-on-year
+2.56% +11.42%
90% offered a daily rate of more than £348 £308 £250
10% offered a daily rate of more than £650 £625 £575
UK excluding London median daily rate £416 £400 £395
% change year-on-year
+4.00% +1.26%
Number of hourly rates quoted 3 6 1
Median hourly rate £14.00 £22.00 £16.50
Median hourly rate % change year-on-year
-36.36% +33.33%
UK excluding London median hourly rate £20.00 £44.00 £23.50
% change year-on-year
-54.54% +87.23%

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 22 February 2017.

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 22 February 2017, 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 5 (83.33%) MiFID
2 4 (66.67%) EMIR
2 4 (66.67%) Change Management
3 3 (50.00%) Project Management
3 3 (50.00%) Legal
3 3 (50.00%) Fixed Income
3 3 (50.00%) Banking
3 3 (50.00%) Business Analysis
3 3 (50.00%) Anti-Money Laundering
4 2 (33.33%) KYC
4 2 (33.33%) Data Architecture
4 2 (33.33%) Stakeholder Engagement
4 2 (33.33%) AIFMD
4 2 (33.33%) Investment Management
4 2 (33.33%) Data Governance
4 2 (33.33%) Retail
4 2 (33.33%) Asset Management
4 2 (33.33%) Equities
4 2 (33.33%) Risk Management
4 2 (33.33%) Finance
4 2 (33.33%) Financial Institution
4 2 (33.33%) MS Project
5 1 (16.67%) UML
5 1 (16.67%) MS Excel
5 1 (16.67%) MS Visio
5 1 (16.67%) HTTP
5 1 (16.67%) Microsoft
5 1 (16.67%) Foreign Exchange (FX)
5 1 (16.67%) Internet
5 1 (16.67%) Management Information System

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:

Applications
1 2 (33.33%) MS Project
2 1 (16.67%) MS Excel
2 1 (16.67%) MS PowerPoint
2 1 (16.67%) MS Visio
Communications & Networking
1 1 (16.67%) HTTP
1 1 (16.67%) Internet
General
1 3 (50.00%) Banking
1 3 (50.00%) Legal
2 2 (33.33%) Finance
2 2 (33.33%) Financial Institution
2 2 (33.33%) Retail
3 1 (16.67%) Advertising
3 1 (16.67%) French Language
3 1 (16.67%) Front Office
3 1 (16.67%) German Language
3 1 (16.67%) Investment Banking
Job Titles
1 4 (66.67%) Project Manager
2 3 (50.00%) MiFID Project Manager
3 2 (33.33%) IT Manager
3 2 (33.33%) IT Project Manager
4 1 (16.67%) Analyst
4 1 (16.67%) Architect
4 1 (16.67%) Chief Architect
4 1 (16.67%) KYC Analyst
4 1 (16.67%) Payments Architect
4 1 (16.67%) Report Manager
Miscellaneous
1 3 (50.00%) Fixed Income
2 2 (33.33%) Equities
3 1 (16.67%) Credit Risk
3 1 (16.67%) Derivative
3 1 (16.67%) Foreign Exchange (FX)
3 1 (16.67%) Hedge funds
3 1 (16.67%) Management Information System
3 1 (16.67%) Market Risk
3 1 (16.67%) Reference Data
3 1 (16.67%) SWIFT
Processes & Methodologies
1 4 (66.67%) Change Management
2 3 (50.00%) Anti-Money Laundering
2 3 (50.00%) Business Analysis
2 3 (50.00%) Project Management
3 2 (33.33%) Asset Management
3 2 (33.33%) Data Architecture
3 2 (33.33%) Data Governance
3 2 (33.33%) Investment Management
3 2 (33.33%) KYC
3 2 (33.33%) Risk Management
3 2 (33.33%) Stakeholder Engagement
4 1 (16.67%) Business Transformation
4 1 (16.67%) Client Onboarding
4 1 (16.67%) Regulatory Compliance
4 1 (16.67%) Requirements Analysis
4 1 (16.67%) Stakeholder Management
4 1 (16.67%) UML
Quality Assurance & Compliance
1 5 (83.33%) MiFID
2 4 (66.67%) EMIR
3 2 (33.33%) AIFMD
4 1 (16.67%) Dodd-Frank
4 1 (16.67%) SEPA
Vendors
1 1 (16.67%) Microsoft