The table below looks at the statistics for COREP skills in IT contracts advertised for the England region. Included is a guide to the average contractor rates offered in IT contracts that have cited COREP over the 3 months to 5 February 2016 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
5 Feb 2016
Same period 2015 Same period 2014
Common Reporting (COREP)
Rank 569 559 540
Rank change year-on-year
-10 -19
Contract jobs citing COREP 11 21 31
As % of all contract IT jobs located in England 0.023% 0.046% 0.070%
As % of the Quality Assurance & Compliance category 0.24% 0.48% 0.78%
Number of daily rates quoted 11 20 16
Average daily rate £550 £550 £525
Average daily rate % change year-on-year
- +4.76%
90% offered a daily rate of more than £428 £473 £390
10% offered a daily rate of more than £600 £850 £610
UK excluding London average daily rate £441 £538 £425
% change year-on-year
-17.94% +26.52%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
COREP
UK

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 England region.

Quality Assurance & Compliance Category
England
Contract IT job ads with a match in the
Quality Assurance & Compliance category
4611 4361 3977
As % of all contract IT jobs located in England 9.77% 9.46% 8.97%
Number of daily rates quoted 2905 2707 2335
Average daily rate £425 £413 £415
Average daily rate % change year-on-year
+3.03% -0.48%
90% offered a daily rate of more than £273 £235 £245
10% offered a daily rate of more than £600 £600 £600
UK excluding London average daily rate £400 £380 £350
% change year-on-year
+5.26% +8.57%
Number of hourly rates quoted 190 164 150
Average hourly rate £42.00 £22.50 £17.08
Average hourly rate % change year-on-year
+86.66% +31.77%
90% offered a hourly rate of more than £14.06 £10.97 £10.93
10% offered a hourly rate of more than £56.00 £47.90 £43.15
UK excluding London average hourly rate £42.00 £25.00 £17.15
% change year-on-year
+68.00% +45.77%

COREP
Jobs Demand Trend in England

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

COREP Jobs Demand Trend in England

COREP
Daily Rate Trend in England

This chart provides the 3-month moving average for daily rates quoted in IT contract jobs citing COREP across the England region.

COREP Daily Rate Trend in England

COREP
Daily Rate Histogram in England

This chart provides a histogram of daily rates quoted in contract IT jobs citing COREP across the England region over the 3 months to 5 February 2016.

COREP Daily Rate Histogram in England

COREP
Contract Job Locations in England

The table below looks at the demand and provides a guide to the average contractor rates quoted in IT jobs citing COREP within the England region over the 3 months to 5 February 2016. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 3 month period last year.

Location
(Use links below to see detailed
statistics and historical trends)
Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Average
Daily Rate
Last 3 Months
Average Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
London -12 7 £600 +9.09% 3
Yorkshire - 3 £428 -
North East - 1 £575 -
COREP
UK

COREP
Top 30 Related IT Skills in England

For the 6 months to 5 February 2016, IT contractor jobs across the England region citing COREP 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 COREP.

1 21 (87.50%) Finance
2 15 (62.50%) Banking
3 10 (41.67%) Investment Banking
4 7 (29.17%) Back Office
5 6 (25.00%) General Ledger
5 6 (25.00%) IT Governance
5 6 (25.00%) Stress Testing
5 6 (25.00%) FINREP
5 6 (25.00%) Technical Analysis
6 5 (20.83%) Basel II
6 5 (20.83%) Data Analysis
6 5 (20.83%) Retail
7 4 (16.67%) TOGAF
7 4 (16.67%) Data Warehouse
7 4 (16.67%) CRD IV
7 4 (16.67%) Analytical Skills
7 4 (16.67%) Basel III
7 4 (16.67%) Data Integration
8 3 (12.50%) SAS
8 3 (12.50%) Derivative
8 3 (12.50%) Degree
8 3 (12.50%) Credit Risk
9 2 (8.33%) Contract for Difference
9 2 (8.33%) Retail Banking
9 2 (8.33%) Agile Software Development
9 2 (8.33%) Business Analysis
9 2 (8.33%) Migration
9 2 (8.33%) Equities
9 2 (8.33%) Fixed Income
9 2 (8.33%) Business Intelligence

COREP
Top Related IT Skills in England by Category

For the 6 months to 5 February 2016, IT contractor jobs across the England region citing COREP 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 COREP. Up to 20 skills are shown per category.

Application Platforms
1 3 (12.50%) SAS
Applications
1 1 (4.17%) MS Excel
1 1 (4.17%) Spreadsheet
Database & Business Intelligence
1 4 (16.67%) Data Warehouse
2 1 (4.17%) BusinessObjects
2 1 (4.17%) MS Access
General
1 21 (87.50%) Finance
2 15 (62.50%) Banking
3 10 (41.67%) Investment Banking
4 7 (29.17%) Back Office
5 6 (25.00%) General Ledger
6 5 (20.83%) Retail
7 2 (8.33%) Retail Banking
8 1 (4.17%) Advertising
8 1 (4.17%) Front Office
8 1 (4.17%) Legal
Job Titles
1 13 (54.17%) Analyst
2 11 (45.83%) Report Analyst
3 9 (37.50%) Business Analyst
4 6 (25.00%) Architect
4 6 (25.00%) Liquidity Business Analyst
4 6 (25.00%) Regulatory Business Analyst
4 6 (25.00%) Regulatory Reporting Business Analyst
5 5 (20.83%) Solutions Architect
6 3 (12.50%) Developer
7 2 (8.33%) Data Business Analyst
7 2 (8.33%) Finance Business Analyst
7 2 (8.33%) Financial Analyst
7 2 (8.33%) Report Manager
7 2 (8.33%) Risk Analyst
7 2 (8.33%) Senior Analyst
7 2 (8.33%) Senior Risk Analyst
8 1 (4.17%) Access VBA Developer
8 1 (4.17%) Banking Analyst
8 1 (4.17%) Excel Developer
8 1 (4.17%) Microsoft Developer
Libraries, Frameworks & Software Standards
1 1 (4.17%) XBRL
Miscellaneous
1 4 (16.67%) Analytical Skills
1 4 (16.67%) Data Integration
2 3 (12.50%) Credit Risk
2 3 (12.50%) Derivative
3 2 (8.33%) Contract for Difference
3 2 (8.33%) Equities
3 2 (8.33%) Fixed Income
3 2 (8.33%) Foreign Exchange (FX)
4 1 (4.17%) Credit Derivative
4 1 (4.17%) Data Extraction
4 1 (4.17%) Reference Data
Operating Systems
1 1 (4.17%) Unix
Processes & Methodologies
1 6 (25.00%) IT Governance
1 6 (25.00%) Stress Testing
1 6 (25.00%) Technical Analysis
2 5 (20.83%) Data Analysis
3 4 (16.67%) TOGAF
4 2 (8.33%) Agile Software Development
4 2 (8.33%) BPR
4 2 (8.33%) Business Analysis
4 2 (8.33%) Business Intelligence
4 2 (8.33%) Data Cleansing
4 2 (8.33%) Migration
5 1 (4.17%) Analytics
5 1 (4.17%) Cash Management
5 1 (4.17%) Data Architecture
5 1 (4.17%) Information Architecture
5 1 (4.17%) SDLC
5 1 (4.17%) Stakeholder Engagement
5 1 (4.17%) Unit Testing
5 1 (4.17%) User Acceptance Testing
5 1 (4.17%) Waterfall
Programming Languages
1 1 (4.17%) Shell Script
1 1 (4.17%) VBA
Qualifications
1 3 (12.50%) Degree
2 1 (4.17%) ACCA
2 1 (4.17%) CIMA
Quality Assurance & Compliance
1 6 (25.00%) FINREP
2 5 (20.83%) Basel II
3 4 (16.67%) Basel III
3 4 (16.67%) CRD IV
4 2 (8.33%) Data Quality
5 1 (4.17%) Solvency II
Vendors
1 2 (8.33%) Microsoft
1 2 (8.33%) Oracle