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 25 September 2016 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
25 Sep 2016
Same period 2015 Same period 2014
Basel II
Rank 430 420 425
Rank change year-on-year
-10 +5
Contract jobs citing Basel II 5 17 18
As % of all contract IT jobs located in London 0.022% 0.073% 0.073%
As % of the Quality Assurance & Compliance category 0.23% 0.76% 0.75%
Number of daily rates quoted 3 11 15
Median daily rate £650 £538 £538
Median daily rate % change year-on-year
+20.93% -
UK excluding London median daily rate - £490 £475
% change year-on-year
- +3.15%
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median hourly rate - - -
Basel II
England

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
2171 2231 2389
As % of all contract IT jobs located in London 9.59% 9.55% 9.74%
Number of daily rates quoted 1551 1511 1675
Median daily rate £463 £460 £450
Median daily rate % change year-on-year
+0.54% +2.22%
90% offered a daily rate of more than £300 £275 £275
10% offered a daily rate of more than £625 £600 £600
UK excluding London median daily rate £400 £413 £376
% change year-on-year
-3.03% +9.63%
Number of hourly rates quoted 32 34 35
Median hourly rate £16.88 £18.75 £20.00
Median hourly rate % change year-on-year
-9.98% -6.25%
90% offered a hourly rate of more than £12.15 £12.30 £13.23
10% offered a hourly rate of more than £24.35 £67.75 £150.00
UK excluding London median hourly rate £30.41 £30.00 £20.00
% change year-on-year
+1.35% +50.00%

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
Contract Job Locations in London

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Basel II within the London region over the 3 months to 25 September 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
(Click see detailed
statistics and trends)
Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Median
Daily Rate
Last 3 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
City of London +14 2 £650 +23.80%
Basel II
England

Basel II
Top 30 Related IT Skills in London

For the 6 months to 25 September 2016, 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 13 (86.67%) Finance
2 9 (60.00%) Basel III
3 7 (46.67%) Credit Risk
3 7 (46.67%) Banking
3 7 (46.67%) Business Analysis
4 6 (40.00%) Risk Management
5 5 (33.33%) SQL
5 5 (33.33%) Project Management
5 5 (33.33%) Investment Banking
5 5 (33.33%) Migration
5 5 (33.33%) Market Risk
5 5 (33.33%) Test Scripting
5 5 (33.33%) SDLC
5 5 (33.33%) Translating Business Requirements
6 4 (26.67%) COREP
6 4 (26.67%) CRD IV
6 4 (26.67%) Security Testing
6 4 (26.67%) Disaster Recovery
6 4 (26.67%) Management Information System
6 4 (26.67%) Front Office
7 3 (20.00%) Stakeholder Management
7 3 (20.00%) Data Analysis
7 3 (20.00%) Data Mapping
7 3 (20.00%) Analytics
7 3 (20.00%) Stress Testing
8 2 (13.33%) Data Flow Diagram
8 2 (13.33%) FINREP
8 2 (13.33%) Dodd-Frank
8 2 (13.33%) User Acceptance Testing
8 2 (13.33%) Fixed Income

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 2 (13.33%) SAS
Applications
1 1 (6.67%) MS Excel
Communications & Networking
1 1 (6.67%) Network Security
Database & Business Intelligence
1 2 (13.33%) BusinessObjects
1 2 (13.33%) Data Mining
2 1 (6.67%) Big Data
2 1 (6.67%) Data Lake
2 1 (6.67%) Data Warehouse
2 1 (6.67%) MS Access
2 1 (6.67%) QlikView
2 1 (6.67%) Relational Database
General
1 13 (86.67%) Finance
2 7 (46.67%) Banking
3 5 (33.33%) Investment Banking
4 4 (26.67%) Front Office
5 1 (6.67%) Retail
5 1 (6.67%) Retail Banking
Job Titles
1 12 (80.00%) Analyst
2 10 (66.67%) Business Analyst
3 9 (60.00%) Risk Analyst
3 9 (60.00%) Risk Business Analyst
4 4 (26.67%) Finance Business Analyst
4 4 (26.67%) Financial Analyst
4 4 (26.67%) Regulatory Business Analyst
4 4 (26.67%) Regulatory Reporting Business Analyst
4 4 (26.67%) Report Analyst
5 2 (13.33%) Banking Analyst
5 2 (13.33%) Banking Business Analyst
5 2 (13.33%) Credit Analyst
5 2 (13.33%) Credit Risk Analyst
5 2 (13.33%) Credit Risk Business Analyst
5 2 (13.33%) Liquidity Business Analyst
5 2 (13.33%) SQL Analyst
5 2 (13.33%) Test Manager
6 1 (6.67%) Credit Risk Developer
6 1 (6.67%) Market Risk Business Analyst
6 1 (6.67%) Senior Financial Analyst
Libraries, Frameworks & Software Standards
1 2 (13.33%) XML
Miscellaneous
1 7 (46.67%) Credit Risk
2 5 (33.33%) Market Risk
3 4 (26.67%) Management Information System
4 2 (13.33%) Derivative
4 2 (13.33%) Fixed Income
4 2 (13.33%) Foreign Exchange (FX)
5 1 (6.67%) Data Integration
5 1 (6.67%) Digital Media
5 1 (6.67%) Economics
5 1 (6.67%) Equities
5 1 (6.67%) Social Media
5 1 (6.67%) Visualisation
Processes & Methodologies
1 7 (46.67%) Business Analysis
2 6 (40.00%) Risk Management
3 5 (33.33%) Migration
3 5 (33.33%) Project Management
3 5 (33.33%) SDLC
3 5 (33.33%) Test Scripting
3 5 (33.33%) Translating Business Requirements
4 4 (26.67%) Disaster Recovery
4 4 (26.67%) Security Testing
5 3 (20.00%) Analytics
5 3 (20.00%) Data Analysis
5 3 (20.00%) Data Mapping
5 3 (20.00%) Stakeholder Management
5 3 (20.00%) Stress Testing
6 2 (13.33%) Data Flow Diagram
6 2 (13.33%) Data Modelling
6 2 (13.33%) GAP Analysis
6 2 (13.33%) User Acceptance Testing
7 1 (6.67%) Business Intelligence
7 1 (6.67%) ERP
Programming Languages
1 5 (33.33%) SQL
2 1 (6.67%) C
2 1 (6.67%) Java
2 1 (6.67%) JavaScript
2 1 (6.67%) MATLAB
2 1 (6.67%) PHP
2 1 (6.67%) R
2 1 (6.67%) VBA
Qualifications
1 2 (13.33%) Degree
2 1 (6.67%) A+ Certification
2 1 (6.67%) CFA
2 1 (6.67%) MBA
Quality Assurance & Compliance
1 9 (60.00%) Basel III
2 4 (26.67%) COREP
2 4 (26.67%) CRD IV
3 2 (13.33%) Dodd-Frank
3 2 (13.33%) FINREP
4 1 (6.67%) Data Quality
4 1 (6.67%) Solvency II
Vendors
1 2 (13.33%) Murex
2 1 (6.67%) SAP
2 1 (6.67%) Tableau