The table below looks at the statistics for COREP 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 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 404 392 380
Rank change year-on-year
-12 -12
Contract jobs citing COREP 7 13 27
As % of all contract IT jobs located in London 0.033% 0.062% 0.12%
As % of the Quality Assurance & Compliance category 0.34% 0.65% 1.31%
Number of daily rates quoted 7 13 12
Average daily rate £600 £550 £575
Average daily rate % change year-on-year
+9.09% -4.34%
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
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
2068 2006 2062
As % of all contract IT jobs located in London 9.78% 9.63% 9.54%
Number of daily rates quoted 1410 1389 1376
Average daily rate £468 £450 £450
Average daily rate % change year-on-year
+3.88% -
90% offered a daily rate of more than £289 £250 £275
10% offered a daily rate of more than £625 £600 £625
UK excluding London average daily rate £400 £380 £350
% change year-on-year
+5.26% +8.57%
Number of hourly rates quoted 23 27 26
Average hourly rate £22.00 £21.50 £15.00
Average hourly rate % change year-on-year
+2.32% +43.33%
90% offered a hourly rate of more than £11.50 £15.00 £11.50
10% offered a hourly rate of more than £41.20 £45.25 £72.75
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 London

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

COREP Jobs Demand Trend in London

COREP
Daily Rate Trend in London

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

COREP Daily Rate Trend in London

COREP
Daily Rate Histogram in London

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

COREP Daily Rate Histogram in London

COREP
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 COREP within the London 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
City of London +39 4 £600 +23.07% 3
Docklands, London +8 1 £525 -4.54%
COREP
England

COREP
Top 30 Related IT Skills in London

For the 6 months to 5 February 2016, IT contractor jobs across the London 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 15 (88.24%) Finance
2 11 (64.71%) Banking
3 10 (58.82%) Investment Banking
4 6 (35.29%) Back Office
4 6 (35.29%) General Ledger
4 6 (35.29%) IT Governance
4 6 (35.29%) Technical Analysis
5 5 (29.41%) Stress Testing
6 4 (23.53%) Analytical Skills
6 4 (23.53%) CRD IV
6 4 (23.53%) Basel III
6 4 (23.53%) Data Integration
6 4 (23.53%) TOGAF
6 4 (23.53%) Data Analysis
6 4 (23.53%) Basel II
7 3 (17.65%) Degree
7 3 (17.65%) Derivative
8 2 (11.76%) Business Analysis
8 2 (11.76%) Contract for Difference
8 2 (11.76%) Credit Risk
8 2 (11.76%) Data Cleansing
8 2 (11.76%) Data Quality
8 2 (11.76%) Foreign Exchange (FX)
8 2 (11.76%) Data Warehouse
8 2 (11.76%) Business Intelligence
8 2 (11.76%) Microsoft
8 2 (11.76%) Agile Software Development
8 2 (11.76%) Fixed Income
8 2 (11.76%) Retail
8 2 (11.76%) Equities

COREP
Top Related IT Skills in London by Category

For the 6 months to 5 February 2016, IT contractor jobs across the London 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.

Applications
1 1 (5.88%) MS Excel
1 1 (5.88%) Spreadsheet
Database & Business Intelligence
1 2 (11.76%) Data Warehouse
2 1 (5.88%) BusinessObjects
2 1 (5.88%) MS Access
General
1 15 (88.24%) Finance
2 11 (64.71%) Banking
3 10 (58.82%) Investment Banking
4 6 (35.29%) Back Office
4 6 (35.29%) General Ledger
5 2 (11.76%) Retail
6 1 (5.88%) Advertising
Job Titles
1 10 (58.82%) Analyst
1 10 (58.82%) Report Analyst
2 9 (52.94%) Business Analyst
3 6 (35.29%) Liquidity Business Analyst
3 6 (35.29%) Regulatory Business Analyst
3 6 (35.29%) Regulatory Reporting Business Analyst
4 4 (23.53%) Architect
4 4 (23.53%) Solutions Architect
5 2 (11.76%) Data Business Analyst
5 2 (11.76%) Developer
5 2 (11.76%) Finance Business Analyst
5 2 (11.76%) Financial Analyst
6 1 (5.88%) Access VBA Developer
6 1 (5.88%) Analyst Developer
6 1 (5.88%) Banking Analyst
6 1 (5.88%) Excel Developer
6 1 (5.88%) Excel VBA Developer
6 1 (5.88%) Microsoft Developer
6 1 (5.88%) Report Developer
6 1 (5.88%) Report Manager
Miscellaneous
1 4 (23.53%) Analytical Skills
1 4 (23.53%) Data Integration
2 3 (17.65%) Derivative
3 2 (11.76%) Contract for Difference
3 2 (11.76%) Credit Risk
3 2 (11.76%) Equities
3 2 (11.76%) Fixed Income
3 2 (11.76%) Foreign Exchange (FX)
4 1 (5.88%) Credit Derivative
4 1 (5.88%) Data Extraction
Operating Systems
1 1 (5.88%) Unix
Processes & Methodologies
1 6 (35.29%) IT Governance
1 6 (35.29%) Technical Analysis
2 5 (29.41%) Stress Testing
3 4 (23.53%) Data Analysis
3 4 (23.53%) TOGAF
4 2 (11.76%) Agile Software Development
4 2 (11.76%) Business Analysis
4 2 (11.76%) Business Intelligence
4 2 (11.76%) Data Cleansing
4 2 (11.76%) Migration
5 1 (5.88%) Cost-Benefit Analysis
5 1 (5.88%) RAD
5 1 (5.88%) SDLC
5 1 (5.88%) Stakeholder Management
5 1 (5.88%) Unit Testing
5 1 (5.88%) User Acceptance Testing
5 1 (5.88%) Validation
5 1 (5.88%) Waterfall
Programming Languages
1 1 (5.88%) Shell Script
1 1 (5.88%) VBA
Qualifications
1 3 (17.65%) Degree
2 1 (5.88%) ACCA
2 1 (5.88%) CIMA
Quality Assurance & Compliance
1 4 (23.53%) Basel II
1 4 (23.53%) Basel III
1 4 (23.53%) CRD IV
2 2 (11.76%) Data Quality
3 1 (5.88%) FINREP
3 1 (5.88%) Solvency II
Vendors
1 2 (11.76%) Microsoft
2 1 (5.88%) Oracle