The table below looks at the statistics for COREP skills in IT contracts advertised for the London region. Included is a guide to the contractor rates offered in IT contracts that have cited COREP over the 3 months to 29 May 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
29 May 2016
Same period 2015 Same period 2014
Common Reporting (COREP)
Rank 406 406 403
Rank change year-on-year
0 -3
Contract jobs citing COREP 12 19 19
As % of all contract IT jobs located in London 0.055% 0.083% 0.082%
As % of the Quality Assurance & Compliance category 0.61% 0.90% 0.86%
Number of daily rates quoted 9 16 15
Median daily rate £675 £550 £550
Median daily rate % change year-on-year
+22.72% -
90% offered a daily rate of more than £663 £444 £475
10% offered a daily rate of more than £710 £700 £625
UK excluding London median daily rate £540 £550 £501
% change year-on-year
-1.81% +9.89%
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median 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
1959 2112 2212
As % of all contract IT jobs located in London 9.01% 9.19% 9.58%
Number of daily rates quoted 1378 1495 1575
Median daily rate £475 £475 £450
Median daily rate % change year-on-year
- +5.55%
90% offered a daily rate of more than £300 £300 £275
10% offered a daily rate of more than £650 £628 £625
UK excluding London median daily rate £400 £375 £365
% change year-on-year
+6.66% +2.73%
Number of hourly rates quoted 24 26 26
Median hourly rate £22.50 £20.00 £23.00
Median hourly rate % change year-on-year
+12.50% -13.04%
90% offered a hourly rate of more than £14.00 £13.60 £15.00
10% offered a hourly rate of more than £41.25 £165.00 £75.00
UK excluding London median hourly rate £28.25 £24.00 £21.00
% change year-on-year
+17.70% +14.28%

COREP
Jobs Demand Trend in London

The demand trend of contract jobs across the London region citing COREP as a proportion of all IT contracts with a match in 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 29 May 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 median contractor rates quoted in IT jobs citing COREP within the London region over the 3 months to 29 May 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 +35 1 £613 +11.36% 1
COREP
England

COREP
Top 30 Related IT Skills in London

For the 6 months to 29 May 2016, IT contractor jobs citing COREP 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 COREP.

1 15 (75.00%) Finance
2 10 (50.00%) Banking
3 9 (45.00%) CRD IV
4 8 (40.00%) Investment Banking
4 8 (40.00%) Project Management
5 7 (35.00%) Basel II
5 7 (35.00%) Credit Risk
5 7 (35.00%) Test Scripting
5 7 (35.00%) Basel III
5 7 (35.00%) Translating Business Requirements
6 6 (30.00%) Stress Testing
6 6 (30.00%) Security Testing
6 6 (30.00%) Market Risk
6 6 (30.00%) Migration
6 6 (30.00%) Disaster Recovery
6 6 (30.00%) Management Information System
6 6 (30.00%) Front Office
7 5 (25.00%) FINREP
8 4 (20.00%) General Ledger
8 4 (20.00%) IT Governance
8 4 (20.00%) Back Office
8 4 (20.00%) Data Mining
8 4 (20.00%) Technical Analysis
9 3 (15.00%) Risk Management
9 3 (15.00%) Business Analysis
9 3 (15.00%) Agile Software Development
10 2 (10.00%) Retail
10 2 (10.00%) Data Management
10 2 (10.00%) Corporate Banking
10 2 (10.00%) Analytical Skills

COREP
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 (5.00%) CICS
Database & Business Intelligence
1 4 (20.00%) Data Mining
2 1 (5.00%) BusinessObjects
2 1 (5.00%) Data Warehouse
2 1 (5.00%) DB2
General
1 15 (75.00%) Finance
2 10 (50.00%) Banking
3 8 (40.00%) Investment Banking
4 6 (30.00%) Front Office
5 4 (20.00%) Back Office
5 4 (20.00%) General Ledger
6 2 (10.00%) Corporate Banking
6 2 (10.00%) Retail
Job Titles
1 16 (80.00%) Analyst
1 16 (80.00%) Business Analyst
2 11 (55.00%) Report Analyst
3 9 (45.00%) Regulatory Business Analyst
3 9 (45.00%) Regulatory Reporting Business Analyst
4 7 (35.00%) Liquidity Business Analyst
5 6 (30.00%) Risk Analyst
5 6 (30.00%) Risk Business Analyst
6 2 (10.00%) IT Business Analyst
6 2 (10.00%) IT Manager
6 2 (10.00%) IT Project Manager
6 2 (10.00%) Project Manager
6 2 (10.00%) Report Manager
7 1 (5.00%) Architect
7 1 (5.00%) Business IT Analyst
7 1 (5.00%) Developer
7 1 (5.00%) IT Analyst
7 1 (5.00%) Senior Analyst
7 1 (5.00%) Senior Business Analyst
7 1 (5.00%) Solutions Architect
Libraries, Frameworks & Software Standards
1 1 (5.00%) Middleware
1 1 (5.00%) Web Services
Miscellaneous
1 7 (35.00%) Credit Risk
2 6 (30.00%) Management Information System
2 6 (30.00%) Market Risk
3 2 (10.00%) Analytical Skills
4 1 (5.00%) Contract for Difference
4 1 (5.00%) Data Integration
4 1 (5.00%) Derivative
4 1 (5.00%) Equities
4 1 (5.00%) Fixed Income
4 1 (5.00%) Foreign Exchange (FX)
4 1 (5.00%) Reference Data
4 1 (5.00%) SWIFT
4 1 (5.00%) Taxonomies
Operating Systems
1 1 (5.00%) Unix
Processes & Methodologies
1 8 (40.00%) Project Management
2 7 (35.00%) Test Scripting
2 7 (35.00%) Translating Business Requirements
3 6 (30.00%) Disaster Recovery
3 6 (30.00%) Migration
3 6 (30.00%) Security Testing
3 6 (30.00%) Stress Testing
4 4 (20.00%) IT Governance
4 4 (20.00%) Technical Analysis
5 3 (15.00%) Agile Software Development
5 3 (15.00%) Business Analysis
5 3 (15.00%) Risk Management
6 2 (10.00%) Data Management
6 2 (10.00%) Data Modelling
6 2 (10.00%) SDLC
7 1 (5.00%) Cash Management
7 1 (5.00%) Cost-Benefit Analysis
7 1 (5.00%) Data Analysis
7 1 (5.00%) TOGAF
7 1 (5.00%) User Acceptance Testing
Programming Languages
1 1 (5.00%) COBOL
1 1 (5.00%) JCL
1 1 (5.00%) Shell Script
Qualifications
1 1 (5.00%) Degree
Quality Assurance & Compliance
1 9 (45.00%) CRD IV
2 7 (35.00%) Basel II
2 7 (35.00%) Basel III
3 5 (25.00%) FINREP
4 2 (10.00%) Data Quality
5 1 (5.00%) SEPA
Vendors
1 1 (5.00%) Microsoft
1 1 (5.00%) Oracle