The table below looks at the statistics for Basel II skills in IT contracts advertised for the London region. Included is a guide to the contractor rates offered in IT contracts that have cited Basel II over the 3 months to 27 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
27 Feb 2017
Same period 2016 Same period 2015
Basel II
England / London
Rank 405 408 409
Rank change year-on-year
+3 +1
Contract jobs citing Basel II 1 17 11
As % of all contract IT jobs located in London 0.005% 0.080% 0.052%
As % of the Quality Assurance & Compliance category 0.043% 0.71% 0.45%
Number of daily rates quoted 1 5 7
Median daily rate £625 £498 £650
Median daily rate % change year-on-year
+25.62% -23.46%
UK excluding London median daily rate £413 £500 £500
% change year-on-year
-17.50% -
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 London region.

Quality Assurance & Compliance Category
London
Contract IT job ads with a match in the
Quality Assurance & Compliance category
2336 2402 2457
As % of all contract IT jobs located in London 12.01% 11.36% 11.54%
Number of daily rates quoted 1636 1679 1735
Median daily rate £480 £450 £430
Median daily rate % change year-on-year
+6.66% +4.65%
90% offered a daily rate of more than £313 £288 £250
10% offered a daily rate of more than £650 £625 £600
UK excluding London median daily rate £400 £390 £380
% change year-on-year
+2.56% +2.63%
Number of hourly rates quoted 36 29 18
Median hourly rate £25.00 £22.00 £21.50
Median hourly rate % change year-on-year
+13.63% +2.32%
90% offered a hourly rate of more than £11.30 £11.50 £15.00
10% offered a hourly rate of more than £47.90 £34.90 £101.35
UK excluding London median hourly rate £20.75 £42.50 £23.50
% change year-on-year
-51.17% +80.85%

Basel II
Jobs Demand Trend in London

The demand trend of contract jobs across the London region citing Basel II as a proportion of all IT contracts with a match in the Quality Assurance & Compliance category.

Basel II Jobs Demand Trend in London

Basel II
Daily Rate Trend in London

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

Basel II Daily Rate Trend in London

Basel II
Hourly Rate Trend in London

This chart provides the 3-month moving average for hourly rates quoted in IT contractor jobs citing Basel II across the London region.

Basel II Hourly Rate Trend in London

Basel II
Top 30 Related IT Skills in London

For the 6 months to 27 February 2017, IT contractor jobs citing Basel II 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 London region with a requirement for Basel II.

1 4 (100.00%) Risk Management
2 3 (75.00%) Finance
2 3 (75.00%) Banking
2 3 (75.00%) Business Analysis
2 3 (75.00%) Basel III
3 2 (50.00%) Dodd-Frank
3 2 (50.00%) SDLC
3 2 (50.00%) Data Flow Diagram
3 2 (50.00%) Analytics
3 2 (50.00%) Use Case
3 2 (50.00%) Market Risk
3 2 (50.00%) Derivative
3 2 (50.00%) Fixed Income
3 2 (50.00%) Murex
3 2 (50.00%) Foreign Exchange (FX)
3 2 (50.00%) XML
3 2 (50.00%) Data Modelling
4 1 (25.00%) GAP Analysis
4 1 (25.00%) MBA
4 1 (25.00%) Stakeholder Management
4 1 (25.00%) Workflow
4 1 (25.00%) SAS
4 1 (25.00%) MS Excel
4 1 (25.00%) MS Access
4 1 (25.00%) MATLAB
4 1 (25.00%) VBA
4 1 (25.00%) Equities
4 1 (25.00%) Data Analysis
4 1 (25.00%) Investment Banking
4 1 (25.00%) Economics

Basel II
Top Related IT Skills in 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:

Application Platforms
1 1 (25.00%) SAS
Applications
1 1 (25.00%) MS Excel
Database & Business Intelligence
1 1 (25.00%) MS Access
General
1 3 (75.00%) Banking
1 3 (75.00%) Finance
2 1 (25.00%) Investment Banking
Job Titles
1 4 (100.00%) Analyst
2 3 (75.00%) Business Analyst
2 3 (75.00%) Risk Analyst
2 3 (75.00%) Risk Business Analyst
3 2 (50.00%) Senior Analyst
3 2 (50.00%) Senior Business Analyst
3 2 (50.00%) Senior Risk Analyst
4 1 (25.00%) Asset Management Analyst
4 1 (25.00%) Asset Management Business Analyst
4 1 (25.00%) Finance Business Analyst
4 1 (25.00%) Financial Analyst
4 1 (25.00%) Financial Business Analyst
4 1 (25.00%) Market Risk Analyst
4 1 (25.00%) Market Risk Business Analyst
4 1 (25.00%) Murex Analyst
4 1 (25.00%) Murex Business Analyst
4 1 (25.00%) Qualitative Analyst
4 1 (25.00%) Quantitative Analyst
4 1 (25.00%) Senior Financial Analyst
Libraries, Frameworks & Software Standards
1 2 (50.00%) XML
Miscellaneous
1 2 (50.00%) Derivative
1 2 (50.00%) Fixed Income
1 2 (50.00%) Foreign Exchange (FX)
1 2 (50.00%) Market Risk
2 1 (25.00%) Credit Risk
2 1 (25.00%) Equities
2 1 (25.00%) Reference Data
Processes & Methodologies
1 4 (100.00%) Risk Management
2 3 (75.00%) Business Analysis
3 2 (50.00%) Analytics
3 2 (50.00%) Data Flow Diagram
3 2 (50.00%) Data Modelling
3 2 (50.00%) SDLC
3 2 (50.00%) Use Case
4 1 (25.00%) Data Analysis
4 1 (25.00%) Economics
4 1 (25.00%) GAP Analysis
4 1 (25.00%) Integration Testing
4 1 (25.00%) Release Management
4 1 (25.00%) Stakeholder Management
4 1 (25.00%) Stress Testing
4 1 (25.00%) Workflow
4 1 (25.00%) Workflow Analysis
Programming Languages
1 1 (25.00%) MATLAB
1 1 (25.00%) R
1 1 (25.00%) VBA
Qualifications
1 1 (25.00%) CFA
1 1 (25.00%) Degree
1 1 (25.00%) MBA
Quality Assurance & Compliance
1 3 (75.00%) Basel III
2 2 (50.00%) Dodd-Frank
3 1 (25.00%) IFRS
3 1 (25.00%) IFRS 9
Vendors
1 2 (50.00%) Murex