Credit Risk Modelling Contracts in England

Credit Risk Modelling
UK > England

The following table provides summary statistics for contract job vacancies advertised in England with a requirement for Credit Risk Modelling skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Credit Risk Modelling over the 6 months to 11 May 2024 with a comparison to the same period in the previous 2 years.

6 months to
11 May 2024
Same period 2023 Same period 2022
Rank 532 643 757
Rank change year-on-year +111 +114 -134
Contract jobs citing Credit Risk Modelling 7 2 8
As % of all contract jobs advertised in England 0.019% 0.004% 0.011%
As % of the Processes & Methodologies category 0.022% 0.005% 0.013%
Number of daily rates quoted 5 1 5
10th Percentile £524 - £605
25th Percentile £540 £930 £775
Median daily rate (50th Percentile) £575 £960 £850
Median % change year-on-year -40.10% +12.94% +21.43%
75th Percentile £813 £990 £925
90th Percentile £1,015 - -
UK median daily rate £575 £960 £850
% change year-on-year -40.10% +12.94% +21.43%

All Process and Methodology Skills
England

Credit Risk Modelling is in the Processes and Methodologies category. The following table is for comparison with the above and provides summary statistics for all contract job vacancies advertised in England with a requirement for process or methodology skills.

Contract vacancies with a requirement for process or methodology skills 31,798 44,069 63,755
As % of all contract IT jobs advertised in England 86.49% 90.16% 90.81%
Number of daily rates quoted 20,831 30,926 45,337
10th Percentile £300 £325 £331
25th Percentile £413 £446 £425
Median daily rate (50th Percentile) £525 £550 £538
Median % change year-on-year -4.55% +2.33% +7.50%
75th Percentile £650 £675 £650
90th Percentile £750 £765 £750
UK median daily rate £525 £550 £530
% change year-on-year -4.55% +3.77% +8.72%
Number of hourly rates quoted 2,249 1,559 1,731
10th Percentile £12.91 £10.63 £12.50
25th Percentile £16.00 £16.25 £15.25
Median hourly rate £37.18 £37.50 £25.00
Median % change year-on-year -0.85% +50.00% +6.38%
75th Percentile £60.00 £65.00 £49.25
90th Percentile £72.50 £75.00 £65.00
UK median hourly rate £36.50 £36.40 £25.68
% change year-on-year +0.29% +41.73% +4.82%

Credit Risk Modelling
Job Vacancy Trend in England

Job postings citing Credit Risk Modelling as a proportion of all IT jobs advertised in England.

Job vacancy trend for Credit Risk Modelling in England

Credit Risk Modelling
Contractor Daily Rate Trend in England

3-month moving average daily rate quoted in jobs citing Credit Risk Modelling in England.

Daily rate trend for Credit Risk Modelling in England

Credit Risk Modelling
Daily Rate Histogram in England

Daily rate distribution for jobs citing Credit Risk Modelling in England over the 6 months to 11 May 2024.

Daily rate histogram for Credit Risk Modelling in England

Credit Risk Modelling
Contract Job Locations in England

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Credit Risk Modelling within the England region over the 6 months to 11 May 2024. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 6 month period last year.

Location Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Median
Daily Rate
Past 6 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Jobs
London +102 6 £658 -31.51% 7
South East - 1 £575 - 1
Credit Risk Modelling
UK

Credit Risk Modelling
Co-occurring Skills and Capabilities in England by Category

The follow tables expand on the table above by listing co-occurrences grouped by category. The same employment type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Application Platforms
1 2 (28.57%) SAS
1 2 (28.57%) SharePoint
Applications
1 2 (28.57%) Microsoft Excel
1 2 (28.57%) MS Visio
General
1 3 (42.86%) Banking
1 3 (42.86%) Finance
2 2 (28.57%) Influencing Skills
2 2 (28.57%) Retail
2 2 (28.57%) Social Skills
Job Titles
1 1 (14.29%) Analyst
1 1 (14.29%) Auditor
1 1 (14.29%) Business Analyst
1 1 (14.29%) C++ Developer
1 1 (14.29%) C++ Quantitative Developer
1 1 (14.29%) Consultant
1 1 (14.29%) Credit Analyst
1 1 (14.29%) Credit Risk Analyst
1 1 (14.29%) Credit Risk Business Analyst
1 1 (14.29%) Credit Risk Modeller
1 1 (14.29%) Data Business Analyst
1 1 (14.29%) Data Consultant
1 1 (14.29%) Data Validation Consultant
1 1 (14.29%) Developer
1 1 (14.29%) Quantitative Developer
1 1 (14.29%) Risk Analyst
1 1 (14.29%) Risk Business Analyst
1 1 (14.29%) Validation Consultant
Miscellaneous
1 7 (100.00%) Credit Risk
2 1 (14.29%) Algorithms
2 1 (14.29%) Market Risk
Processes & Methodologies
1 4 (57.14%) Mathematics
1 4 (57.14%) Validation
2 3 (42.86%) Model Validation
2 3 (42.86%) Risk Management
2 3 (42.86%) Statistics
3 2 (28.57%) Analytics
3 2 (28.57%) Data Analysis
3 2 (28.57%) Data Validation
3 2 (28.57%) Economics
3 2 (28.57%) Operations Research
3 2 (28.57%) Physics
3 2 (28.57%) Stress Testing
4 1 (14.29%) Computer Science
4 1 (14.29%) Credit Risk Management
4 1 (14.29%) Data Modelling
4 1 (14.29%) Econometrics
4 1 (14.29%) Internal Audit
4 1 (14.29%) Quantitative Analysis
4 1 (14.29%) Quantitative Finance
4 1 (14.29%) Stakeholder Management
Programming Languages
1 3 (42.86%) C++
2 2 (28.57%) Python
2 2 (28.57%) SQL
Qualifications
1 3 (42.86%) Degree
2 2 (28.57%) Master's Degree
2 2 (28.57%) MBA
2 2 (28.57%) PhD
3 1 (14.29%) Computer Science Degree
Quality Assurance & Compliance
1 2 (28.57%) IFRS
1 2 (28.57%) IFRS 9
2 1 (14.29%) Basel III
Vendors
1 2 (28.57%) CA