The table below looks at the statistics for Basel II skills in IT contracts advertised across the UK. Included is a guide to the average contractor rates offered in IT contracts that have cited Basel II over the 3 months to 18 September 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
18 Sep 2014
Same period 2013 Same period 2012
Basel II
Rank 587 522 460
Rank change year-on-year
-65 -62
Contract jobs citing Basel II 26 62 148
As % of all contract IT jobs located in the UK 0.045% 0.12% 0.26%
As % of the Quality Assurance & Compliance category 0.58% 1.59% 3.29%
Number of daily rates quoted 23 53 116
Average daily rate
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£500 £475 £500
Average daily rate % change year-on-year
+5.26% -5.00%
90% offered a daily rate of more than £430 £377 £325
10% offered a daily rate of more than £630 £550 £600
UK excluding London average daily rate £500 £441 £418
% change year-on-year
+13.31% +5.68%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -

The following table is for comparison with the above and provides statistics for the entire Quality Assurance & Compliance category in contract jobs advertised across the UK.

Quality Assurance & Compliance Category
UK
Contract IT job ads with a match in the
Quality Assurance & Compliance category
4454 3908 4498
As % of all contract IT jobs located in the UK 7.74% 7.52% 7.80%
Number of daily rates quoted 2703 2296 2483
Average daily rate £400 £425 £425
Average daily rate % change year-on-year
-5.88% -
90% offered a daily rate of more than £225 £250 £238
10% offered a daily rate of more than £556 £625 £600
UK excluding London average daily rate £375 £355 £363
% change year-on-year
+5.63% -2.06%
Number of hourly rates quoted 216 160 237
Average hourly rate £19.50 £17.50 £20.00
Average hourly rate % change year-on-year
+11.42% -12.50%
90% offered a hourly rate of more than £12.00 £10.50 £11.00
10% offered a hourly rate of more than £45.00 £37.50 £41.94
UK excluding London average hourly rate £20.00 £17.50 £21.00
% change year-on-year
+14.28% -16.66%

Basel II
Jobs Demand Trend

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

Basel II Jobs Demand Trend in the UK

Basel II
Daily Rate Trend

This chart provides the 3-month moving average for daily rates quoted in IT contract jobs citing Basel II within the UK.

Basel II Daily Rate Trend in the UK

Basel II
Daily Rate Histogram

This chart provides a histogram of daily rates quoted in contract IT jobs citing Basel II within the UK over the 3 months to 18 September 2014.

Basel II Daily Rate Histogram in the UK

Basel II
Hourly Rate Trend

This chart provides the 3-month moving average for hourly rates quoted in IT contractor jobs citing Basel II within the UK.

Basel II Hourly Rate Trend in the UK

Basel II
Top 12 Contract Locations

The table below looks at the demand and provides a guide to the average contractor rates quoted in IT jobs citing Basel II within the UK over the 3 months to 18 September 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
England -63 26 £500 +5.26% 10
London -36 17 £538 +10.25% 6
South West -33 8 £500 +15.60% 1
City of London +1 4 £650 +36.84% 4
Scotland - - - - 3
Gloucestershire - - - -
West Yorkshire - - - - 2
Yorkshire - - - - 2
Edinburgh - - - - 3
Gloucester - - - -
Halifax - - - - 1
Leeds - - - -

Basel II
Top 30 Related IT Skills

For the 6 months to 18 September 2014, IT contractor jobs within the UK citing Basel II 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 II.

1 37 (68.52%) Finance
2 29 (53.70%) Banking
3 28 (51.85%) Basel III
4 22 (40.74%) Solvency II
5 21 (38.89%) Data Modelling
6 18 (33.33%) Stakeholder Management
7 17 (31.48%) BPR
7 17 (31.48%) UML
7 17 (31.48%) Requirements Analysis
8 16 (29.63%) Business Transformation
8 16 (29.63%) SSADM
8 16 (29.63%) DSDM
8 16 (29.63%) MS Visio
8 16 (29.63%) GAP Analysis
9 15 (27.78%) BPMN
10 14 (25.93%) SQL
11 12 (22.22%) Credit Risk
12 10 (18.52%) Investment Banking
12 10 (18.52%) Project Management
13 9 (16.67%) Foreign Exchange (FX)
14 8 (14.81%) Market Risk
14 8 (14.81%) Analytical Skills
15 7 (12.96%) Business Analysis
16 6 (11.11%) Derivative
16 6 (11.11%) Data Analysis
16 6 (11.11%) Front Office
17 5 (9.26%) Microsoft
17 5 (9.26%) COREP
18 4 (7.41%) CRD IV
18 4 (7.41%) Degree

Basel II
Top Related IT Skills by Category

For the 6 months to 18 September 2014, IT contractor jobs within the UK citing Basel II 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 II. Up to 20 skills are shown per category.

Application Platforms
1 1 (1.85%) SAS
Applications
1 16 (29.63%) MS Visio
2 3 (5.56%) MS Excel
3 1 (1.85%) MS Project
3 1 (1.85%) S-PLUS
3 1 (1.85%) MS PowerPoint
3 1 (1.85%) Spreadsheet
Business Applications
1 1 (1.85%) Oracle Financials
Database & Business Intelligence
1 3 (5.56%) Data Mining
2 2 (3.70%) SQL Server
3 1 (1.85%) Data Warehouse
3 1 (1.85%) PowerCenter
3 1 (1.85%) DataStage
3 1 (1.85%) Data Mart
General
1 37 (68.52%) Finance
2 29 (53.70%) Banking
3 10 (18.52%) Investment Banking
4 6 (11.11%) Front Office
5 2 (3.70%) Legal
6 1 (1.85%) Advertising
Job Titles
1 44 (81.48%) Analyst
2 37 (68.52%) Business Analyst
3 15 (27.78%) Senior Business Analyst
3 15 (27.78%) Senior Analyst
4 5 (9.26%) Data Analyst
5 4 (7.41%) Risk Analyst
5 4 (7.41%) Investment Banking Business Analyst
5 4 (7.41%) Project Manager
6 2 (3.70%) Credit Risk Analyst
6 2 (3.70%) Market Risk Business Analyst
6 2 (3.70%) Data Governance Manager
6 2 (3.70%) Governance Manager
6 2 (3.70%) Market Risk Analyst
6 2 (3.70%) Data Manager
6 2 (3.70%) Credit Risk Business Analyst
6 2 (3.70%) Developer
7 1 (1.85%) Business Developer
7 1 (1.85%) Senior Manager
7 1 (1.85%) Senior Project Manager
7 1 (1.85%) Business Objects Developer
Libraries, Frameworks & Software Standards
1 1 (1.85%) XML
1 1 (1.85%) XSD
1 1 (1.85%) XSLT
1 1 (1.85%) Middleware
1 1 (1.85%) FpML
Miscellaneous
1 12 (22.22%) Credit Risk
2 9 (16.67%) Foreign Exchange (FX)
3 8 (14.81%) Market Risk
3 8 (14.81%) Analytical Skills
4 6 (11.11%) Derivative
5 4 (7.41%) Fixed Income
6 2 (3.70%) Equities
6 2 (3.70%) Management Information System
7 1 (1.85%) Statistics
7 1 (1.85%) Mathematics
7 1 (1.85%) Physics
Operating Systems
1 1 (1.85%) UNIX
1 1 (1.85%) Windows
1 1 (1.85%) AIX
1 1 (1.85%) Linux
Processes & Methodologies
1 21 (38.89%) Data Modelling
2 18 (33.33%) Stakeholder Management
3 17 (31.48%) BPR
3 17 (31.48%) Requirements Analysis
3 17 (31.48%) UML
4 16 (29.63%) SSADM
4 16 (29.63%) DSDM
4 16 (29.63%) GAP Analysis
4 16 (29.63%) Business Transformation
5 15 (27.78%) BPMN
6 10 (18.52%) Project Management
7 7 (12.96%) Business Analysis
8 6 (11.11%) Data Analysis
9 4 (7.41%) Agile Software Development
9 4 (7.41%) Data Management
9 4 (7.41%) Change Management
9 4 (7.41%) Risk Management
10 3 (5.56%) User Acceptance Testing
10 3 (5.56%) Risk Analytics
10 3 (5.56%) Analytics
Programming Languages
1 14 (25.93%) SQL
2 2 (3.70%) VBA
2 2 (3.70%) Python
3 1 (1.85%) Shell Script
3 1 (1.85%) R
3 1 (1.85%) C
3 1 (1.85%) PL/SQL
Qualifications
1 4 (7.41%) Degree
2 1 (1.85%) PhD
2 1 (1.85%) PRINCE2 Certification
Quality Assurance & Compliance
1 28 (51.85%) Basel III
2 22 (40.74%) Solvency II
3 5 (9.26%) COREP
4 4 (7.41%) CRD IV
5 3 (5.56%) Data Quality
6 2 (3.70%) Sarbanes-Oxley
7 1 (1.85%) MiFID
7 1 (1.85%) QA
7 1 (1.85%) SLA
7 1 (1.85%) FINREP
Vendors
1 5 (9.26%) Microsoft
2 3 (5.56%) Oracle
2 3 (5.56%) Business Objects
3 2 (3.70%) Hyperion
4 1 (1.85%) Informatica
Swindon, Wiltshire
Clarity Resourcing Ltd
Rate: £450 - £550 per day
Posted: 14 hours ago
City of London
Orgtel
Rate: £400 - £550 per annum + competitive
Posted: Yesterday
South East
Lawrence Harvey IT & Change
Rate: £500.00 - £550.00 per day
Posted: Yesterday
West Yorkshire
Churchill Frank
Posted: 3 days ago
City of London
Orgtel
Rate: £450 - £550 per day + competitive
Posted: 10 days ago
Halifax
Orgtel
Rate: £220 - £250 per day + competitive
Posted: 15 days ago
Edinburgh
Cathcart Associates
Rate: £350 - £450 per day
Posted: 22 days ago