The first table below looks at the demand for FINREP 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 FINREP over the 3 months to 1 August 2014 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
1 Aug 2014
Same period 2013 Same period 2012
Financial Reporting (FINREP)
Rank 191 215 225
Rank change year-on-year
+24 +10
Contract jobs citing FINREP 1 5 1
As % of all contract IT jobs located in the City of London 0.017% 0.071% 0.013%
As % of the Quality Assurance & Compliance category 0.21% 0.84% 0.14%
Number of daily rates quoted 0 4 1
Average daily rate
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- £538 £550
Average daily rate % change year-on-year
- -2.27%
UK excluding London average daily rate £526 £575 £450
% change year-on-year
-8.60% +27.77%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
Quality Assurance & Compliance Category
City of London
Contract IT job ads with a match in the
Quality Assurance & Compliance category
467 598 715
As % of all contract IT jobs located in the City of London 8.10% 8.44% 9.18%
Number of daily rates quoted 332 448 521
Average daily rate £475 £475 £475
90% offered a daily rate of more than £300 £300 £322
10% offered a daily rate of more than £600 £608 £650
UK excluding London average daily rate £375 £350 £350
% change year-on-year
+7.14% -
Number of hourly rates quoted 6 7 22
Average hourly rate £17.50 £22.50 £18.85
Average hourly rate % change year-on-year
-22.22% +19.36%
90% offered a hourly rate of more than £11.32 £13.97 £13.70
10% offered a hourly rate of more than £31.75 £36.40 £49.20
UK excluding London average hourly rate £20.10 £17.50 £20.00
% change year-on-year
+14.87% -12.50%
FINREP
London

FINREP
Jobs Demand Trend in the City of London

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

FINREP Jobs Demand Trend in the City of London

FINREP
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 FINREP across the City of London region.

FINREP Daily Rate Trend in the City of London

FINREP
Top 25 Related IT Skills in the City of London

For the 6 months to 1 August 2014, IT contractor jobs across the City of London region citing FINREP 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 FINREP.

1 5 (100.00%) COREP
2 2 (40.00%) CRD IV
2 2 (40.00%) Finance
2 2 (40.00%) SQL
2 2 (40.00%) Banking
3 1 (20.00%) Data Analysis
3 1 (20.00%) Investment Banking
3 1 (20.00%) Data Mart
3 1 (20.00%) Derivative
3 1 (20.00%) Marketing
3 1 (20.00%) Degree
3 1 (20.00%) Use Case
3 1 (20.00%) Basel III
3 1 (20.00%) Solvency II
3 1 (20.00%) Oracle Database
3 1 (20.00%) Relational Database
3 1 (20.00%) EMIR
3 1 (20.00%) Oracle
3 1 (20.00%) Data Warehouse
3 1 (20.00%) RDBMS
3 1 (20.00%) XBRL
3 1 (20.00%) Foreign Exchange (FX)
3 1 (20.00%) Agile Software Development
3 1 (20.00%) Dodd-Frank
3 1 (20.00%) PL/SQL

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

For the 6 months to 1 August 2014, IT contractor jobs across the City of London region citing FINREP 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 FINREP. Up to 20 skills are shown per category.

Database & Business Intelligence
1 1 (20.00%) Data Mart
1 1 (20.00%) Oracle Database
1 1 (20.00%) Relational Database
1 1 (20.00%) Data Warehouse
1 1 (20.00%) RDBMS
General
1 2 (40.00%) Finance
1 2 (40.00%) Banking
2 1 (20.00%) Investment Banking
2 1 (20.00%) Marketing
Job Titles
1 2 (40.00%) Business Analyst
1 2 (40.00%) Analyst
2 1 (20.00%) Business Data Analyst
2 1 (20.00%) Consultant
2 1 (20.00%) Sales Consultant
2 1 (20.00%) Developer
2 1 (20.00%) Project Manager
2 1 (20.00%) Data Analyst
2 1 (20.00%) Pre Sales Consultant
Libraries, Frameworks & Software Standards
1 1 (20.00%) XBRL
Miscellaneous
1 1 (20.00%) Derivative
1 1 (20.00%) Foreign Exchange (FX)
Processes & Methodologies
1 1 (20.00%) Data Analysis
1 1 (20.00%) Use Case
1 1 (20.00%) Agile Software Development
Programming Languages
1 2 (40.00%) SQL
2 1 (20.00%) PL/SQL
Qualifications
1 1 (20.00%) Degree
Quality Assurance & Compliance
1 5 (100.00%) COREP
2 2 (40.00%) CRD IV
3 1 (20.00%) Basel III
3 1 (20.00%) Solvency II
3 1 (20.00%) EMIR
3 1 (20.00%) Dodd-Frank
Vendors
1 1 (20.00%) Oracle
City, London
Aston Carter
Rate: market rate
Posted: 2 days ago
City of London
Orgtel
Rate: £350 - £400 per day + competitive
Posted: 13 days ago