The table below looks at the statistics 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 29 May 2015 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
29 May 2015
Same period 2014 Same period 2013
Basel III
Rank 560 508 463
Rank change year-on-year
-52 -45
Contract jobs citing Basel III 36 87 91
As % of all contract IT jobs located in the UK 0.068% 0.16% 0.19%
As % of the Quality Assurance & Compliance category 0.85% 2.06% 2.51%
Number of daily rates quoted 25 70 64
Average daily rate
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£570 £525 £550
Average daily rate % change year-on-year
+8.57% -4.54%
90% offered a daily rate of more than £471 £400 £441
10% offered a daily rate of more than £606 £625 £600
UK excluding London average daily rate £490 £451 £433
% change year-on-year
+8.76% +4.16%
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
4228 4222 3624
As % of all contract IT jobs located in the UK 7.93% 7.98% 7.65%
Number of daily rates quoted 2655 2582 2204
Average daily rate £413 £400 £425
Average daily rate % change year-on-year
+3.12% -5.88%
90% offered a daily rate of more than £260 £243 £250
10% offered a daily rate of more than £600 £600 £600
UK excluding London average daily rate £375 £363 £350
% change year-on-year
+3.44% +3.57%
Number of hourly rates quoted 145 196 110
Average hourly rate £21.00 £21.00 £19.50
Average hourly rate % change year-on-year
- +7.69%
90% offered a hourly rate of more than £11.88 £11.00 £11.50
10% offered a hourly rate of more than £45.00 £45.00 £59.75
UK excluding London average hourly rate £21.55 £21.00 £18.50
% change year-on-year
+2.61% +13.51%

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 in the UK

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 in the UK

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 29 May 2015.

Basel III Daily Rate Histogram in the UK

Basel III
Top 7 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 29 May 2015. 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 -70 36 £570 +7.29% 11
London -36 30 £600 +9.09% 11
City of London -1 15 £600 +9.09% 4
South West +10 6 £490 +8.76%
Swindon +4 6 £490 +8.76%
Wiltshire 0 6 £490 +8.76%
Docklands, London 0 2 £624 +13.40% 1

Basel III
Top 30 Related IT Skills

For the 6 months to 29 May 2015, 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 60 (83.33%) Banking
2 48 (66.67%) Finance
3 22 (30.56%) Credit Risk
4 21 (29.17%) Basel II
5 18 (25.00%) Data Modelling
5 18 (25.00%) Investment Banking
6 15 (20.83%) Stakeholder Management
6 15 (20.83%) Solvency II
7 14 (19.44%) GAP Analysis
7 14 (19.44%) MS Visio
7 14 (19.44%) Requirements Analysis
8 13 (18.06%) BPMN
8 13 (18.06%) UML
8 13 (18.06%) BPR
8 13 (18.06%) SSADM
8 13 (18.06%) DSDM
8 13 (18.06%) Business Transformation
8 13 (18.06%) Analytics
9 12 (16.67%) Dodd-Frank
9 12 (16.67%) SQL
9 12 (16.67%) Stress Testing
10 11 (15.28%) Market Risk
10 11 (15.28%) EMIR
11 10 (13.89%) Agile Software Development
11 10 (13.89%) Business Analysis
12 9 (12.50%) Risk Management
12 9 (12.50%) CRD IV
13 8 (11.11%) Project Management
14 7 (9.72%) Retail
14 7 (9.72%) Derivative

Basel III
Top Related IT Skills by Category

For the 6 months to 29 May 2015, 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 Platforms
1 3 (4.17%) SAS
2 1 (1.39%) SharePoint
2 1 (1.39%) Apache Spark
Applications
1 14 (19.44%) MS Visio
2 2 (2.78%) MS PowerPoint
2 2 (2.78%) MS Office
2 2 (2.78%) MS Excel
3 1 (1.39%) Spreadsheet
Business Applications
1 2 (2.78%) Adaptiv
Communications & Networking
1 1 (1.39%) IMAP
Database & Business Intelligence
1 6 (8.33%) Hadoop
2 5 (6.94%) Big Data
3 3 (4.17%) RDBMS
3 3 (4.17%) Data Warehouse
3 3 (4.17%) Impala
3 3 (4.17%) Relational Database
3 3 (4.17%) Apache Hive
4 2 (2.78%) Oracle Reports
5 1 (1.39%) SQL Server
5 1 (1.39%) OLAP
5 1 (1.39%) MS Access
5 1 (1.39%) QlikView
5 1 (1.39%) BusinessObjects XI
5 1 (1.39%) SQL Server Analysis Services
5 1 (1.39%) HBase
General
1 60 (83.33%) Banking
2 48 (66.67%) Finance
3 18 (25.00%) Investment Banking
4 7 (9.72%) Retail
5 4 (5.56%) Front Office
6 3 (4.17%) Wholesale Banking
7 1 (1.39%) Financial Institution
7 1 (1.39%) Telecoms
7 1 (1.39%) Legal
7 1 (1.39%) Japanese Language
Job Titles
1 39 (54.17%) Analyst
2 34 (47.22%) Business Analyst
3 13 (18.06%) Senior Analyst
3 13 (18.06%) Senior Business Analyst
4 10 (13.89%) Credit Risk Analyst
5 9 (12.50%) Credit Risk Business Analyst
6 7 (9.72%) Project Manager
7 6 (8.33%) Risk Analyst
8 5 (6.94%) Consultant
8 5 (6.94%) Credit Analyst
8 5 (6.94%) Test Leader
9 4 (5.56%) Change Consultant
9 4 (5.56%) Developer
9 4 (5.56%) Architect
10 3 (4.17%) Technical Architect
10 3 (4.17%) Oracle Technical Architect
10 3 (4.17%) Banking Business Analyst
10 3 (4.17%) Credit Risk Project Manager
10 3 (4.17%) Oracle Architect
10 3 (4.17%) Testing Analyst
Libraries, Frameworks & Software Standards
1 3 (4.17%) XBRL
2 2 (2.78%) HTML5
2 2 (2.78%) HTML
3 1 (1.39%) .NET
3 1 (1.39%) COM
3 1 (1.39%) JMS
3 1 (1.39%) Hibernate
3 1 (1.39%) Spring
3 1 (1.39%) WPF
3 1 (1.39%) Akka
3 1 (1.39%) Play Framework
3 1 (1.39%) REST
Miscellaneous
1 22 (30.56%) Credit Risk
2 11 (15.28%) Market Risk
3 7 (9.72%) Derivative
3 7 (9.72%) Analytical Skills
4 3 (4.17%) Foreign Exchange (FX)
5 2 (2.78%) Data Integration
5 2 (2.78%) Equities
5 2 (2.78%) Fixed Income
6 1 (1.39%) Replication
6 1 (1.39%) Credit Derivative
6 1 (1.39%) Reference Data
6 1 (1.39%) Visualisation
6 1 (1.39%) Social Media
6 1 (1.39%) SWIFT
Processes & Methodologies
1 18 (25.00%) Data Modelling
2 15 (20.83%) Stakeholder Management
3 14 (19.44%) GAP Analysis
3 14 (19.44%) Requirements Analysis
4 13 (18.06%) BPMN
4 13 (18.06%) UML
4 13 (18.06%) BPR
4 13 (18.06%) SSADM
4 13 (18.06%) DSDM
4 13 (18.06%) Business Transformation
4 13 (18.06%) Analytics
5 12 (16.67%) Stress Testing
6 10 (13.89%) Agile Software Development
6 10 (13.89%) Business Analysis
7 9 (12.50%) Risk Management
8 8 (11.11%) Project Management
9 6 (8.33%) SDLC
9 6 (8.33%) Use Case
9 6 (8.33%) Migration
10 5 (6.94%) PRINCE2
Programming Languages
1 12 (16.67%) SQL
2 4 (5.56%) Java
3 2 (2.78%) C#
4 1 (1.39%) VBA
4 1 (1.39%) Scala
Qualifications
1 2 (2.78%) Degree
2 1 (1.39%) PMP
2 1 (1.39%) PMI Certification
2 1 (1.39%) Postgraduate
Quality Assurance & Compliance
1 21 (29.17%) Basel II
2 15 (20.83%) Solvency II
3 12 (16.67%) Dodd-Frank
4 11 (15.28%) EMIR
5 9 (12.50%) CRD IV
6 5 (6.94%) MiFID
6 5 (6.94%) QA
7 4 (5.56%) COREP
7 4 (5.56%) FINREP
8 2 (2.78%) FATCA
9 1 (1.39%) Data Quality
System Software
1 3 (4.17%) Apache Flume
2 2 (2.78%) HDFS
Systems Management
1 2 (2.78%) Oozie
2 1 (1.39%) HP Quality Center
Vendors
1 6 (8.33%) Oracle
2 2 (2.78%) Cloudera
2 2 (2.78%) SunGard
2 2 (2.78%) Microsoft
3 1 (1.39%) Sybase
3 1 (1.39%) Business Objects
3 1 (1.39%) HP
3 1 (1.39%) Actian
London
Aston Carter
Rate: £550 - £625 per day
Posted: 2 days ago
City, London
McGregor Boyall
Rate: £500 - £600 per day
Posted: 3 days ago
City of London
Hays IT - Uk Posting account
Rate: £550.00 - £600.00 per day
Posted: 15 days ago
London
Huxley Banking & Financial Services
Rate: £570 per day + competitive
Posted: 16 days ago
Docklands
Interquest - ITQ Financial - London
Rate: £610 per day
Posted: 20 days ago
London
Huxley Banking & Financial Services
Rate: £500 - £570 per day + competitive
Posted: 20 days ago