The table below looks at the statistics for Basel III skills in IT contracts advertised for the London region. Included is a guide to the average contractor rates offered in IT contracts that have cited Basel III over the 3 months to 29 April 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.

3 months to
29 Apr 2016
Same period 2015 Same period 2014
Basel III
Rank 422 397 350
Rank change year-on-year
-25 -47
Contract jobs citing Basel III 11 24 77
As % of all contract IT jobs located in London 0.048% 0.11% 0.33%
As % of the Quality Assurance & Compliance category 0.55% 1.21% 3.42%
Number of daily rates quoted 10 13 61
Average daily rate £563 £550 £550
Average daily rate % change year-on-year
+2.27% -
90% offered a daily rate of more than £493 £378 £400
10% offered a daily rate of more than £675 £600 £650
UK excluding London average daily rate £500 £500 £475
% change year-on-year
- +5.26%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
Basel III
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
1998 1981 2251
As % of all contract IT jobs located in London 8.68% 8.84% 9.64%
Number of daily rates quoted 1414 1370 1584
Average daily rate £450 £450 £450
90% offered a daily rate of more than £300 £275 £285
10% offered a daily rate of more than £625 £625 £625
UK excluding London average daily rate £400 £385 £370
% change year-on-year
+3.89% +4.05%
Number of hourly rates quoted 23 19 37
Average hourly rate £22.00 £19.50 £21.00
Average hourly rate % change year-on-year
+12.82% -7.14%
90% offered a hourly rate of more than £14.50 £11.80 £15.00
10% offered a hourly rate of more than £29.50 £115.75 £75.00
UK excluding London average hourly rate £33.00 £29.00 £19.50
% change year-on-year
+13.79% +48.71%

Basel III
Jobs Demand Trend in London

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

Basel III Jobs Demand Trend in London

Basel III
Daily Rate Trend in London

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

Basel III Daily Rate Trend in London

Basel III
Daily Rate Histogram in London

This chart provides a histogram of daily rates quoted in contract IT jobs citing Basel III across the London region over the 3 months to 29 April 2016.

Basel III Daily Rate Histogram in London

Basel III
Contract Job Locations in London

The table below looks at the demand and provides a guide to the average contractor rates quoted in IT jobs citing Basel III within the London region over the 3 months to 29 April 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
City of London +31 1 £550 - 2
Basel III
England

Basel III
Top 30 Related IT Skills in London

For the 6 months to 29 April 2016, IT contractor jobs across the London region citing Basel III 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 Basel III.

1 23 (79.31%) Banking
2 15 (51.72%) Investment Banking
3 13 (44.83%) Finance
4 10 (34.48%) Risk Management
5 9 (31.03%) SQL
5 9 (31.03%) Credit Risk
6 7 (24.14%) CRD IV
6 7 (24.14%) Project Management
7 6 (20.69%) Analytical Skills
7 6 (20.69%) COREP
8 5 (17.24%) Business Analysis
9 4 (13.79%) Derivative
9 4 (13.79%) Market Risk
9 4 (13.79%) Management Information System
9 4 (13.79%) Front Office
9 4 (13.79%) Microsoft
9 4 (13.79%) SQL Server
10 3 (10.34%) COM
10 3 (10.34%) Oracle
10 3 (10.34%) Data Warehouse
10 3 (10.34%) Data Mining
10 3 (10.34%) Basel II
10 3 (10.34%) Disaster Recovery
10 3 (10.34%) Migration
10 3 (10.34%) Data Analysis
10 3 (10.34%) Translating Business Requirements
10 3 (10.34%) Dodd-Frank
10 3 (10.34%) EMIR
10 3 (10.34%) User Acceptance Testing
10 3 (10.34%) Stress Testing

Basel III
Top Related IT Skills in London by Category

For the 6 months to 29 April 2016, IT contractor jobs across the London region citing Basel III 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 Basel III. Up to 20 skills are shown per category.

Application Platforms
1 1 (3.45%) JBoss
1 1 (3.45%) SAS
Applications
1 1 (3.45%) MS Excel
1 1 (3.45%) MS Office
1 1 (3.45%) MS PowerPoint
1 1 (3.45%) MS Project
Database & Business Intelligence
1 4 (13.79%) SQL Server
2 3 (10.34%) Data Mining
2 3 (10.34%) Data Warehouse
3 2 (6.90%) Oracle Reports
4 1 (3.45%) Big Data
4 1 (3.45%) BusinessObjects
4 1 (3.45%) QlikView
4 1 (3.45%) SQL Server 2012
Development Applications
1 1 (3.45%) Ant
1 1 (3.45%) Gradle
1 1 (3.45%) Subversion
General
1 23 (79.31%) Banking
2 15 (51.72%) Investment Banking
3 13 (44.83%) Finance
4 4 (13.79%) Front Office
5 2 (6.90%) Back Office
6 1 (3.45%) Financial Institution
6 1 (3.45%) General Ledger
6 1 (3.45%) International Banking
Job Titles
1 20 (68.97%) Analyst
2 16 (55.17%) Business Analyst
3 6 (20.69%) Banking Analyst
4 4 (13.79%) Banking Business Analyst
4 4 (13.79%) Liquidity Business Analyst
4 4 (13.79%) Project Manager
4 4 (13.79%) Regulatory Business Analyst
4 4 (13.79%) Report Analyst
4 4 (13.79%) Risk Analyst
5 3 (10.34%) Developer
5 3 (10.34%) Regulatory Reporting Business Analyst
5 3 (10.34%) Risk Business Analyst
5 3 (10.34%) Technical Analyst
5 3 (10.34%) Technical Business Analyst
6 2 (6.90%) Business IT Analyst
6 2 (6.90%) Investment Banking Business Analyst
6 2 (6.90%) IT Analyst
6 2 (6.90%) IT Business Analyst
6 2 (6.90%) MiFID Business Analyst
7 1 (3.45%) Report Developer
Libraries, Frameworks & Software Standards
1 3 (10.34%) COM
2 1 (3.45%) CSS
2 1 (3.45%) HTML
2 1 (3.45%) JSP
2 1 (3.45%) RESTful
2 1 (3.45%) Web Services
Miscellaneous
1 9 (31.03%) Credit Risk
2 6 (20.69%) Analytical Skills
3 4 (13.79%) Derivative
3 4 (13.79%) Management Information System
3 4 (13.79%) Market Risk
4 2 (6.90%) Equities
4 2 (6.90%) Fixed Income
5 1 (3.45%) Algorithms
5 1 (3.45%) Contract for Difference
5 1 (3.45%) Data Structures
5 1 (3.45%) Foreign Exchange (FX)
5 1 (3.45%) Reference Data
Processes & Methodologies
1 10 (34.48%) Risk Management
2 7 (24.14%) Project Management
3 5 (17.24%) Business Analysis
4 3 (10.34%) Data Analysis
4 3 (10.34%) Disaster Recovery
4 3 (10.34%) Integration Testing
4 3 (10.34%) Migration
4 3 (10.34%) Security Testing
4 3 (10.34%) Stress Testing
4 3 (10.34%) Test Scripting
4 3 (10.34%) Translating Business Requirements
4 3 (10.34%) User Acceptance Testing
5 2 (6.90%) Agile Software Development
5 2 (6.90%) Analytics
5 2 (6.90%) Business Intelligence
5 2 (6.90%) Change Management
6 1 (3.45%) CRM
6 1 (3.45%) Data Modelling
6 1 (3.45%) Information Security
6 1 (3.45%) TDD
Programming Languages
1 9 (31.03%) SQL
2 2 (6.90%) Java
2 2 (6.90%) VBA
3 1 (3.45%) JavaScript
Qualifications
1 1 (3.45%) ACCA
1 1 (3.45%) CIMA
1 1 (3.45%) Degree
Quality Assurance & Compliance
1 7 (24.14%) CRD IV
2 6 (20.69%) COREP
3 3 (10.34%) Basel II
3 3 (10.34%) Dodd-Frank
3 3 (10.34%) EMIR
4 2 (6.90%) MiFID
5 1 (3.45%) FATCA
5 1 (3.45%) Solvency II
Vendors
1 4 (13.79%) Microsoft
2 3 (10.34%) Oracle