The table below looks at the statistics for FATCA 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 FATCA over the 3 months to 22 August 2014 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
22 Aug 2014
Same period 2013 Same period 2012
Foreign Account Tax Compliance Act (FATCA)
Rank 383 343 359
Rank change year-on-year
-40 +16
Contract jobs citing FATCA 26 81 57
As % of all contract IT jobs located in London 0.11% 0.32% 0.22%
As % of the Quality Assurance & Compliance category 1.38% 3.92% 2.69%
Number of daily rates quoted 21 73 47
Average daily rate
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of your Daily Rate
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£550 £575 £575
Average daily rate % change year-on-year
-4.34% -
90% offered a daily rate of more than £425 £413 £400
10% offered a daily rate of more than £650 £675 £720
UK excluding London average daily rate £550 £396 £375
% change year-on-year
+38.88% +5.60%
Number of hourly rates quoted 0 0 1
Average hourly rate - - £24.00
UK excluding London average hourly rate - - -
FATCA
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
1879 2067 2117
As % of all contract IT jobs located in London 7.74% 8.20% 8.09%
Number of daily rates quoted 1294 1446 1445
Average daily rate £438 £475 £475
Average daily rate % change year-on-year
-7.89% -
90% offered a daily rate of more than £265 £300 £300
10% offered a daily rate of more than £600 £650 £650
UK excluding London average daily rate £375 £350 £355
% change year-on-year
+7.14% -1.40%
Number of hourly rates quoted 25 28 49
Average hourly rate £19.00 £23.40 £18.00
Average hourly rate % change year-on-year
-18.80% +30.00%
90% offered a hourly rate of more than £13.15 £13.46 £12.50
10% offered a hourly rate of more than £48.40 £65.75 £50.01
UK excluding London average hourly rate £19.50 £17.50 £22.50
% change year-on-year
+11.42% -22.22%

FATCA
Jobs Demand Trend in London

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

FATCA Jobs Demand Trend in London

FATCA
Daily Rate Trend in London

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

FATCA Daily Rate Trend in London

FATCA
Daily Rate Histogram in London

This chart provides a histogram of daily rates quoted in contract IT jobs citing FATCA across the London region over the 3 months to 22 August 2014.

FATCA Daily Rate Histogram in London

FATCA
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 FATCA within the London region over the 3 months to 22 August 2014. 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 +11 6 £550 -6.38%
FATCA
England

FATCA
Top 30 Related IT Skills in London

For the 6 months to 22 August 2014, IT contractor jobs across the London region citing FATCA 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 FATCA.

1 41 (64.06%) Banking
2 26 (40.63%) Finance
3 23 (35.94%) EMIR
4 20 (31.25%) Dodd-Frank
5 19 (29.69%) Investment Banking
6 13 (20.31%) Project Management
7 9 (14.06%) Stakeholder Management
8 8 (12.50%) Legal
8 8 (12.50%) Asset Management
9 7 (10.94%) Front Office
9 7 (10.94%) MiFID
10 6 (9.38%) Business Analysis
10 6 (9.38%) Hedge funds
10 6 (9.38%) Change Management
11 5 (7.81%) Equities
11 5 (7.81%) Derivative
11 5 (7.81%) Data Modelling
11 5 (7.81%) ISEB
12 4 (6.25%) Equity Derivative
12 4 (6.25%) Data Architecture
12 4 (6.25%) QA
12 4 (6.25%) Wealth Management
13 3 (4.69%) User Acceptance Testing
13 3 (4.69%) Data Integration
13 3 (4.69%) MS PowerPoint
13 3 (4.69%) Basel III
13 3 (4.69%) SOA
13 3 (4.69%) ETL
13 3 (4.69%) SAS
13 3 (4.69%) Business Intelligence

FATCA
Top Related IT Skills in London by Category

For the 6 months to 22 August 2014, IT contractor jobs across the London region citing FATCA 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 FATCA. Up to 20 skills are shown per category.

Application Platforms
1 3 (4.69%) SAS
2 1 (1.56%) SharePoint
Applications
1 3 (4.69%) MS PowerPoint
2 2 (3.13%) MS Visio
2 2 (3.13%) MS Excel
2 2 (3.13%) MS Office
Database & Business Intelligence
1 3 (4.69%) Data Warehouse
2 1 (1.56%) Oracle Database
General
1 41 (64.06%) Banking
2 26 (40.63%) Finance
3 19 (29.69%) Investment Banking
4 8 (12.50%) Legal
5 7 (10.94%) Front Office
6 2 (3.13%) Retail
7 1 (1.56%) Retail Banking
7 1 (1.56%) Corporate Banking
7 1 (1.56%) Back Office
7 1 (1.56%) Manufacturing
7 1 (1.56%) Publishing
Job Titles
1 34 (53.13%) Analyst
2 33 (51.56%) Business Analyst
3 17 (26.56%) Project Manager
4 7 (10.94%) Banking Business Analyst
5 4 (6.25%) Architect
5 4 (6.25%) Financial Business Analyst
6 3 (4.69%) Technical Business Analyst
6 3 (4.69%) Technical Analyst
6 3 (4.69%) Solutions Architect
7 2 (3.13%) Senior Manager
7 2 (3.13%) Consultant
7 2 (3.13%) Senior Business Analyst
7 2 (3.13%) Programme Manager
7 2 (3.13%) Technical Specialist
7 2 (3.13%) Senior Analyst
7 2 (3.13%) Senior Project Manager
7 2 (3.13%) Investment Banking Business Analyst
8 1 (1.56%) Programme Test Manager
8 1 (1.56%) Lead Business Analyst
8 1 (1.56%) PMO Manager
Miscellaneous
1 6 (9.38%) Hedge funds
2 5 (7.81%) Equities
2 5 (7.81%) Derivative
3 4 (6.25%) Equity Derivative
4 3 (4.69%) Data Integration
5 2 (3.13%) Reference Data
6 1 (1.56%) Mobile Payment
6 1 (1.56%) Fixed Income
6 1 (1.56%) Foreign Exchange (FX)
Processes & Methodologies
1 13 (20.31%) Project Management
2 9 (14.06%) Stakeholder Management
3 8 (12.50%) Asset Management
4 6 (9.38%) Business Analysis
4 6 (9.38%) Change Management
5 5 (7.81%) Data Modelling
6 4 (6.25%) Data Architecture
6 4 (6.25%) Wealth Management
7 3 (4.69%) User Acceptance Testing
7 3 (4.69%) SOA
7 3 (4.69%) ETL
7 3 (4.69%) Business Intelligence
8 2 (3.13%) Risk Management
8 2 (3.13%) Migration
8 2 (3.13%) Programme Management
8 2 (3.13%) Business Development
8 2 (3.13%) Test Scripting
9 1 (1.56%) Investment Management
9 1 (1.56%) Use Case
9 1 (1.56%) Data Mapping
Programming Languages
1 3 (4.69%) Java
1 3 (4.69%) SQL
Qualifications
1 5 (7.81%) ISEB
2 2 (3.13%) PMP
2 2 (3.13%) PMI Certification
Quality Assurance & Compliance
1 23 (35.94%) EMIR
2 20 (31.25%) Dodd-Frank
3 7 (10.94%) MiFID
4 4 (6.25%) QA
5 3 (4.69%) Basel III
6 2 (3.13%) AIFMD
7 1 (1.56%) CRD IV
7 1 (1.56%) Solvency II
7 1 (1.56%) Basel II
Vendors
1 3 (4.69%) Oracle