The first table below looks at the demand 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 23 May 2013 with a comparison to the same period in the previous 2 years. The second table is for comparison and provides aggregates for all of the Quality Assurance & Compliance category for the London region.

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
23 May 2013
Same period 2012 Same period 2011
Foreign Account Tax Compliance Act (FATCA)
Rank 336 348 430
Rank change year-on-year
+12 +82
Contract jobs citing FATCA 41 62 5
As % of all contract IT jobs located in London 0.189% 0.230% 0.016%
As % of the Quality Assurance & Compliance category 2.550% 2.950% 0.208%
Number of daily rates quoted 38 51 3
Average daily rate £500 £550 £500
Average daily rate % change year-on-year
-9.09% +10.00%
90% offered a daily rate of more than £394 £400 £420
10% offered a daily rate of more than £608 £700 £600
UK excluding London average daily rate £280 £338 -
% change year-on-year
-17.03% -
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
All Quality Assurance & Compliance
London
Contract IT job ads with a match in the
Quality Assurance & Compliance category
1608 2102 2401
As % of all contract IT jobs located in London 7.431% 7.805% 7.595%
Number of daily rates quoted 1111 1303 1578
Average daily rate £450 £463 £475
Average daily rate % change year-on-year
-2.70% -2.63%
90% offered a daily rate of more than £275 £283 £300
10% offered a daily rate of more than £575 £643 £625
UK excluding London average daily rate £350 £350 £375
% change year-on-year
- -6.66%
Number of hourly rates quoted 30 64 53
Average hourly rate £32.75 £17.87 £18.50
Average hourly rate % change year-on-year
+83.31% -3.43%
90% offered a hourly rate of more than £13.93 £11.70 £11.30
10% offered a hourly rate of more than £135.00 £40.60 £50.00
UK excluding London average hourly rate £17.50 £16.00 £30.00
% change year-on-year
+9.37% -46.66%
FATCA
England

FATCA
Jobs Demand Trend

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.

London FATCA Jobs Demand Trend

FATCA
Daily Rate Trend

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

London FATCA Daily Rate Trend

FATCA
Daily Rate Histogram

This chart provides a histogram of daily rates quoted in contract IT jobs citing FATCA across the London region over the 3 months to 23 May 2013.

London FATCA Daily Rate Histogram

FATCA
Contract Locations

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 23 May 2013. 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 each for more statistics)
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
City of London +17 23 £475 -15.17%
FATCA
England

FATCA
Top 30 Related IT Skills

For the 6 months to 23 May 2013, 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 46 (63.01%) Banking
2 29 (39.73%) Finance
3 25 (34.25%) Investment Banking
4 21 (28.77%) Project Management
5 18 (24.66%) Business Analysis
6 14 (19.18%) Asset Management
7 13 (17.81%) Stakeholder Management
8 9 (12.33%) GAP Analysis
8 9 (12.33%) Derivative
9 8 (10.96%) MiFID
10 7 (9.589%) Legal
10 7 (9.589%) Degree
10 7 (9.589%) Investment Management
11 6 (8.219%) MS Excel
11 6 (8.219%) MS Visio
12 5 (6.849%) PRINCE2
12 5 (6.849%) UML
12 5 (6.849%) Retail
12 5 (6.849%) Use Case
13 4 (5.479%) Workflow
13 4 (5.479%) Fund Management
13 4 (5.479%) Corporate Banking
13 4 (5.479%) WebSphere
13 4 (5.479%) Reference Data
13 4 (5.479%) Business Transformation
13 4 (5.479%) Change Management
13 4 (5.479%) Financial Institution
13 4 (5.479%) Front Office
13 4 (5.479%) Back Office
13 4 (5.479%) Rational Rose

FATCA
Top Related IT Skills by Category

For the 6 months to 23 May 2013, 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 Development
1 4 (5.479%) WebSphere
2 2 (2.740%) Middleware
3 1 (1.370%) .NET
Application Platforms
1 1 (1.370%) SharePoint
Applications
1 6 (8.219%) MS Excel
1 6 (8.219%) MS Visio
2 3 (4.110%) MS Office
3 1 (1.370%) MS Project
3 1 (1.370%) MS PowerPoint
Business Applications
1 3 (4.110%) Misys Midas
2 1 (1.370%) Oracle General Ledger
Communications & Networking
1 1 (1.370%) HTTP
Database & Business Intelligence
1 1 (1.370%) Data Warehouse
1 1 (1.370%) Oracle BI EE
Development Applications
1 4 (5.479%) Rational Rose
General
1 46 (63.01%) Banking
2 29 (39.73%) Finance
3 25 (34.25%) Investment Banking
4 7 (9.589%) Legal
5 5 (6.849%) Retail
6 4 (5.479%) Corporate Banking
6 4 (5.479%) Financial Institution
6 4 (5.479%) Front Office
6 4 (5.479%) Back Office
7 2 (2.740%) Telecoms
8 1 (1.370%) Private Banking
8 1 (1.370%) Wholesale Banking
Job Titles
1 39 (53.42%) Analyst
2 36 (49.32%) Business Analyst
3 22 (30.14%) Project Manager
4 8 (10.96%) Technical Analyst
5 7 (9.589%) Technical Business Analyst
6 4 (5.479%) Project Analyst
7 3 (4.110%) Programme Manager
8 2 (2.740%) Banking Business Analyst
8 2 (2.740%) Senior Manager
8 2 (2.740%) Senior Analyst
8 2 (2.740%) Change Manager
8 2 (2.740%) Senior Project Manager
9 1 (1.370%) Tester
9 1 (1.370%) Change Analyst
9 1 (1.370%) Delivery Manager
9 1 (1.370%) Financial Business Analyst
9 1 (1.370%) Senior Test Analyst
9 1 (1.370%) Business Manager
9 1 (1.370%) Business Change Manager
9 1 (1.370%) Test Analyst
Miscellaneous
1 9 (12.33%) Derivative
2 4 (5.479%) Reference Data
3 3 (4.110%) Management Information System
4 2 (2.740%) Computer Science
4 2 (2.740%) SWIFT
4 2 (2.740%) Fixed Income
4 2 (2.740%) Foreign Exchange (FX)
5 1 (1.370%) Hedge funds
5 1 (1.370%) Interest Rate Derivative
5 1 (1.370%) Equity Derivative
Processes & Methodologies
1 21 (28.77%) Project Management
2 18 (24.66%) Business Analysis
3 14 (19.18%) Asset Management
4 13 (17.81%) Stakeholder Management
5 9 (12.33%) GAP Analysis
6 7 (9.589%) Investment Management
7 5 (6.849%) PRINCE2
7 5 (6.849%) UML
7 5 (6.849%) Use Case
8 4 (5.479%) Workflow
8 4 (5.479%) Fund Management
8 4 (5.479%) Business Transformation
8 4 (5.479%) Change Management
9 3 (4.110%) PRINCE
9 3 (4.110%) Vulnerability Assessment
9 3 (4.110%) Data Analysis
9 3 (4.110%) Wealth Management
9 3 (4.110%) User Acceptance Testing
10 2 (2.740%) Project Planning
10 2 (2.740%) Stakeholder Engagement
Programming Languages
1 2 (2.740%) SQL
2 1 (1.370%) C
Qualifications
1 7 (9.589%) Degree
2 2 (2.740%) PRINCE2 Certification
2 2 (2.740%) PMP
2 2 (2.740%) PMI Certification
Quality Assurance & Compliance
1 8 (10.96%) MiFID
2 3 (4.110%) Basel III
3 2 (2.740%) Solvency II
4 1 (1.370%) Sarbanes-Oxley
4 1 (1.370%) Basel II
4 1 (1.370%) QA
Systems Management
1 1 (1.370%) HP Quality Center
Vendors
1 4 (5.479%) IBM
2 3 (4.110%) Progress
3 2 (2.740%) Microsoft
3 2 (2.740%) Misys
4 1 (1.370%) HP
4 1 (1.370%) Oracle
4 1 (1.370%) Cognos
4 1 (1.370%) Fundtech
City of London
The successful candidate will have a proven track record of working with DFA, EMIR and FATCA, ideally within Investment Banking. The role will require the Project Manager to...
Orgtel
Rate: £600 - £650 per day
Posted: 15 May 2013
City of London
The successful candidate will be working on a number of high profile regulatory projects related to Dodd Frank, EMIR, FATCA. Essential Skills:-Project/Programme/Portfolio Manager in investment...
Huxley Associates
Rate: £600 - £700 per day
Posted: 15 May 2013