The first table below looks at the demand for Basel III 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 III over the 3 months to 21 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.

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
21 May 2013
Same period 2012 Same period 2011
Basel III
Rank 445 414 549
Rank change year-on-year
-31 +135
Contract jobs citing Basel III 95 173 31
As % of all contract IT jobs located in the UK 0.201% 0.296% 0.052%
As % of the Quality Assurance & Compliance category 2.885% 4.034% 0.731%
Number of daily rates quoted 66 145 17
Average daily rate £550 £585 £575
Average daily rate % change year-on-year
-5.98% +1.73%
90% offered a daily rate of more than £450 £405 £473
10% offered a daily rate of more than £638 £765 £720
UK excluding London average daily rate £410 £448 -
% change year-on-year
-8.37% -
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
All Quality Assurance & Compliance
UK
Contract IT job ads with a match in the
Quality Assurance & Compliance category
3293 4289 4238
As % of all contract IT jobs located in the UK 6.975% 7.337% 7.045%
Number of daily rates quoted 1970 2244 2313
Average daily rate £400 £413 £450
Average daily rate % change year-on-year
-3.03% -8.33%
90% offered a daily rate of more than £229 £225 £250
10% offered a daily rate of more than £550 £600 £600
UK excluding London average daily rate £345 £350 £375
% change year-on-year
-1.42% -6.66%
Number of hourly rates quoted 110 227 224
Average hourly rate £19.00 £16.72 £27.50
Average hourly rate % change year-on-year
+13.63% -39.20%
90% offered a hourly rate of more than £11.00 £11.00 £11.00
10% offered a hourly rate of more than £122.50 £36.00 £40.00
UK excluding London average hourly rate £17.50 £16.35 £30.00
% change year-on-year
+7.03% -45.50%

Basel III
Jobs Demand Trend

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

Basel III Jobs Demand Trend

Basel III
Daily Rate Trend

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

Basel III Daily Rate Trend

Basel III
Daily Rate Histogram

This chart provides a histogram of daily rates quoted in contract IT jobs citing Basel III within the UK over the 3 months to 21 May 2013.

Basel III Daily Rate Histogram

Basel III
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 III within the UK over the 3 months to 21 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
England -28 94 £550 -5.98%
London -59 88 £550 -6.18%
City of London -19 25 £500 -14.89%
Canary Wharf -1 7 £600 +60.00%
South West +27 4 £410 -11.11%
Wiltshire +5 4 £410 -11.11%
Swindon 0 4 £410 -11.11%
North West +16 1 - -
Manchester +16 1 - -
Yorkshire - 1 £550 -
South Yorkshire - 1 £550 -
Sheffield - 1 £550 -

Basel III
Top 30 Related IT Skills

For the 6 months to 21 May 2013, IT contractor jobs within the UK citing Basel III 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 III.

1 128 (64.32%) Banking
2 91 (45.73%) Finance
3 85 (42.71%) Investment Banking
3 85 (42.71%) Credit Risk
4 63 (31.66%) SQL
5 60 (30.15%) Risk Management
6 58 (29.15%) Basel II
7 45 (22.61%) Derivative
8 44 (22.11%) Analytics
9 43 (21.61%) Market Risk
10 35 (17.59%) Project Management
11 34 (17.09%) Data Modelling
12 33 (16.58%) UML
13 32 (16.08%) Front Office
14 30 (15.08%) Business Analysis
15 29 (14.57%) Microsoft
16 26 (13.07%) MS Excel
17 25 (12.56%) SQL Server
18 23 (11.56%) TDD
18 23 (11.56%) Credit Derivative
19 22 (11.06%) Stakeholder Management
20 21 (10.55%) Oracle
20 21 (10.55%) MS Project
20 21 (10.55%) Risk Analytics
21 20 (10.05%) User Acceptance Testing
21 20 (10.05%) Monte Carlo Method
21 20 (10.05%) Data Analysis
22 17 (8.543%) Data Warehouse
22 17 (8.543%) FpML
23 15 (7.538%) Back Office

Basel III
Top Related IT Skills by Category

For the 6 months to 21 May 2013, IT contractor jobs within the UK citing Basel III 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 III. Up to 20 skills are shown per category.

Application Development
1 17 (8.543%) FpML
2 10 (5.025%) .NET
3 7 (3.518%) Web Services
4 6 (3.015%) XML
4 6 (3.015%) Spring
5 4 (2.010%) J2EE
5 4 (2.010%) JDBC
5 4 (2.010%) STL
5 4 (2.010%) JMS
5 4 (2.010%) Spring MVC
5 4 (2.010%) Boost C++ Libraries
6 3 (1.508%) .NET Framework
6 3 (1.508%) Software Packaging
7 2 (1.005%) ASP.NET
7 2 (1.005%) COM
7 2 (1.005%) EJB
7 2 (1.005%) jQuery
7 2 (1.005%) Apache Flex
7 2 (1.005%) JRules
7 2 (1.005%) Ajax
Application Platforms
1 8 (4.020%) TIBCO EMS
2 1 (0.503%) Confluence
Applications
1 26 (13.07%) MS Excel
2 21 (10.55%) MS Project
3 15 (7.538%) MS Visio
4 10 (5.025%) MS Office
5 6 (3.015%) MS PowerPoint
Communications & Networking
1 2 (1.005%) HTTP
Database & Business Intelligence
1 25 (12.56%) SQL Server
2 17 (8.543%) Data Warehouse
3 10 (5.025%) SQL Server Integration Services
4 8 (4.020%) SQL Server 2008
5 7 (3.518%) Data Mining
6 4 (2.010%) SQL Server Reporting Services
7 3 (1.508%) SQL Server Analysis Services
7 3 (1.508%) MS Access
8 2 (1.005%) DB2
8 2 (1.005%) BusinessObjects
9 1 (0.503%) SQL Server 2005
9 1 (0.503%) Oracle 11g
9 1 (0.503%) Oracle 10g
Development Applications
1 7 (3.518%) QuickTest Pro
2 4 (2.010%) JUnit
2 4 (2.010%) jMock
2 4 (2.010%) JIRA
2 4 (2.010%) CruiseControl
2 4 (2.010%) Maven
2 4 (2.010%) TeamCity
3 3 (1.508%) Rational Rose
4 1 (0.503%) Subversion
4 1 (0.503%) Visual Studio
General
1 128 (64.32%) Banking
2 91 (45.73%) Finance
3 85 (42.71%) Investment Banking
4 32 (16.08%) Front Office
5 15 (7.538%) Back Office
6 10 (5.025%) French Language
7 6 (3.015%) Financial Institution
8 4 (2.010%) Wholesale Banking
9 3 (1.508%) Legal
10 2 (1.005%) Retail
11 1 (0.503%) Retail Banking
11 1 (0.503%) Private Banking
Job Titles
1 103 (51.76%) Analyst
2 87 (43.72%) Business Analyst
3 40 (20.10%) Project Manager
4 28 (14.07%) Investment Banking Business Analyst
5 24 (12.06%) Risk Analyst
6 22 (11.06%) Developer
7 18 (9.045%) Credit Risk Analyst
7 18 (9.045%) Credit Risk Business Analyst
8 17 (8.543%) Banking Business Analyst
9 16 (8.040%) Senior Manager
10 14 (7.035%) Technical Analyst
11 13 (6.533%) Senior Project Manager
12 12 (6.030%) Technical Business Analyst
13 11 (5.528%) Data Analyst
13 11 (5.528%) Market Risk Analyst
14 10 (5.025%) Market Risk Business Analyst
15 9 (4.523%) Market Analyst
15 9 (4.523%) Senior Analyst
15 9 (4.523%) SQL Developer
16 8 (4.020%) Credit Risk Project Manager
Miscellaneous
1 85 (42.71%) Credit Risk
2 45 (22.61%) Derivative
3 43 (21.61%) Market Risk
4 23 (11.56%) Credit Derivative
5 9 (4.523%) Fixed Income
6 8 (4.020%) Foreign Exchange (FX)
7 7 (3.518%) Management Information System
8 5 (2.513%) Mathematics
8 5 (2.513%) Equities
9 2 (1.005%) Equity Derivative
10 1 (0.503%) SWIFT
10 1 (0.503%) Data Extraction
10 1 (0.503%) Physics
10 1 (0.503%) Computer Science
10 1 (0.503%) Wiki
Operating Systems
1 8 (4.020%) Windows
2 5 (2.513%) UNIX
3 3 (1.508%) Solaris
4 1 (0.503%) Linux
Processes & Methodologies
1 60 (30.15%) Risk Management
2 44 (22.11%) Analytics
3 35 (17.59%) Project Management
4 34 (17.09%) Data Modelling
5 33 (16.58%) UML
6 30 (15.08%) Business Analysis
7 23 (11.56%) TDD
8 22 (11.06%) Stakeholder Management
9 21 (10.55%) Risk Analytics
10 20 (10.05%) User Acceptance Testing
10 20 (10.05%) Monte Carlo Method
10 20 (10.05%) Data Analysis
11 14 (7.035%) GAP Analysis
11 14 (7.035%) Validation
12 13 (6.533%) OO
13 11 (5.528%) Business Transformation
13 11 (5.528%) Requirements Analysis
13 11 (5.528%) BPR
14 10 (5.025%) CRM
14 10 (5.025%) SSADM
Programming Languages
1 63 (31.66%) SQL
2 15 (7.538%) C#
3 14 (7.035%) Java
4 11 (5.528%) VBA
5 10 (5.025%) Jython
5 10 (5.025%) Python
6 9 (4.523%) C++
7 7 (3.518%) PowerShell
8 4 (2.010%) T-SQL
9 3 (1.508%) VBScript
9 3 (1.508%) VB.NET
10 2 (1.005%) JavaScript
10 2 (1.005%) PL/SQL
11 1 (0.503%) XPath
11 1 (0.503%) XQuery
Qualifications
1 11 (5.528%) Degree
2 7 (3.518%) PRINCE2 Certification
3 3 (1.508%) OCP
3 3 (1.508%) Oracle Certification
4 2 (1.005%) CFA
5 1 (0.503%) ISEB
5 1 (0.503%) QiCA
Quality Assurance & Compliance
1 58 (29.15%) Basel II
2 14 (7.035%) QA
3 12 (6.030%) Solvency II
4 4 (2.010%) Sarbanes-Oxley
5 3 (1.508%) FATCA
5 3 (1.508%) SLA
6 1 (0.503%) Data Quality
6 1 (0.503%) MiFID
Systems Management
1 1 (0.503%) HP Quality Center
Vendors
1 29 (14.57%) Microsoft
2 21 (10.55%) Oracle
3 8 (4.020%) TIBCO
4 5 (2.513%) Business Objects
5 2 (1.005%) SAP
5 2 (1.005%) Telerik
6 1 (0.503%) Murex
6 1 (0.503%) CA
6 1 (0.503%) Sybase
City of London
Regulatory Risk BA, Banking,London, Risk Management, £450-500 per day A leading bank is currently looking for a Regulatory Risk Business Analyst with excellent Regulatory risk management...
Orgtel
Posted: 15 May 2013
City of London
The successful candidate will be working on a number of regulatory driven projects... Key words: Credit risk, business analyst, Basel, Basel III, regulatory, regulation, monte carlo, SQL, derivatives,...
Huxley Associates
Rate: £500 - £650 per day
Posted: 15 May 2013
City, London
Day to day responsibilities include; requirement gathering, progressing functional requirements and stakeholder management. The successful candidate must have knowledge and experience in; * IB Products including FX, Loans, and...
Aston Carter
Rate: £500 - £550 per day
Posted: 14 May 2013
City, London
related to Basel III and CRD IV, COREP, FINREP)... architectural, infrastructure, security, testing, migration, operational, DR)... 'Requirement Story' in JIRA)... * Ensure adequate consideration over legacy data conversion/migration...
Mortimer Spinks
Rate: £500 - £650 per day
Posted: 17 May 2013
City, London
This role is for a senior developer working as part of global team responsible for developing systems used by the firm to conform to Basel III regulatory requirements...
Nicoll Curtin
Rate: £450 - £575 per day
Posted: 14 May 2013
London
A leading investment bank are looking for a lead databaser developer to work in the global team who are responsible for developing systems used by the firm to...
Scope AT Ltd
Rate: neg
Posted: 8 May 2013
Sheffield, South Yorkshire
Senior Data Analyst- Base; Senior Data Analyst with extensive Basel II /III knowledge urgently required by a leading international bank corporation based in Sheffield... The role is seeking...
Rullion IT Plus
Rate: £500 - £600 per day
Posted: 14 May 2013
London
Top tier investment bank requires a senior database developer working as part of global team who are responsible for developing systems to conform to Basel III regulatory requirements...
Hays Specialist Recruitment Ltd
Rate: £400.00 - £450.00 per day
Posted: 15 May 2013
London
Top tier investment bank requires a senior database developer working as part of global team who are responsible for developing systems to conform to Basel III regulatory requirements...
HAYS INFORMATION TECHNOLOGY
Rate: £400.00 - £450.00 per day
Posted: 14 May 2013
City of London
Tier one investment bank requires specialist technical author to work within risk. As an experienced technical author you will be tasked with a full circle review and update...
Real Staffing
Rate: £400 - £550 per annum
Posted: 15 May 2013
London
Currently the team are running two significant strategic programmes: Liquidity Reporting and Capital Reporting to support FSA and Basel 3 requirements. Role: To take ownership of the release...
Huxley Associates
Rate: £500 - £600 per day
Posted: 15 May 2013
London
They are now undertaking a multi-year programme to deliver Basel III regulatory capital reporting and control requirements. The technical Authors role will be to provide a complete...
Hays Specialist Recruitment
Rate: £500.00 per day
Posted: 8 May 2013