The table below looks at the statistics for Basel III skills in IT contracts advertised across the UK. Included is a guide to the contractor rates offered in IT contracts that have cited Basel III over the 3 months to 23 July 2016 with a comparison to the same period over 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.

3 months to
23 Jul 2016
Same period 2015 Same period 2014
Basel III
Rank 618 603 573
Rank change year-on-year
-15 -30
Contract jobs citing Basel III 26 41 54
As % of all contract IT jobs located in the UK 0.048% 0.072% 0.10%
As % of the Quality Assurance & Compliance category 0.51% 0.76% 1.08%
Number of daily rates quoted 17 36 42
Median daily rate £538 £600 £513
Median daily rate % change year-on-year
-10.41% +17.07%
90% offered a daily rate of more than £425 £500 £400
10% offered a daily rate of more than £725 £648 £599
UK excluding London median daily rate £425 £500 £469
% change year-on-year
-15.00% +6.60%
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median 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
5136 5409 5010
As % of all contract IT jobs located in the UK 9.49% 9.50% 9.43%
Number of daily rates quoted 3265 3505 3060
Median daily rate £425 £425 £406
Median daily rate % change year-on-year
- +4.67%
90% offered a daily rate of more than £243 £250 £240
10% offered a daily rate of more than £576 £600 £555
UK excluding London median daily rate £400 £395 £375
% change year-on-year
+1.26% +5.33%
Number of hourly rates quoted 200 197 204
Median hourly rate £27.60 £21.64 £20.00
Median hourly rate % change year-on-year
+27.54% +8.20%
90% offered a hourly rate of more than £10.22 £12.50 £12.50
10% offered a hourly rate of more than £47.50 £55.50 £43.00
UK excluding London median hourly rate £28.00 £22.00 £20.13
% change year-on-year
+27.27% +9.31%

Basel III
Jobs Demand Trend

The demand trend of contract jobs citing Basel III as a proportion of all IT contracts with a match in 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 23 July 2016.

Basel III Daily Rate Histogram in the UK

Basel III
Top 9 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Basel III within the UK over the 3 months to 23 July 2016. 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 see detailed
statistics and trends)
Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Median
Daily Rate
Last 3 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
England -41 24 £538 -10.41% 3
London -20 22 £550 -8.33% 3
City of London +28 3 £725 +20.83% 3
Birmingham - 2 £425 -
West Midlands - 2 £425 -
Scotland - 2 - -
Edinburgh - 1 - -
Glasgow - 1 - -
Wolverhampton - 1 £425 -

Basel III
Top 30 Related IT Skills

For the 6 months to 23 July 2016, IT contractor jobs citing Basel III also mentioned the following skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all contract ads with a requirement for Basel III.

1 26 (66.67%) Finance
2 24 (61.54%) Banking
3 18 (46.15%) Credit Risk
4 11 (28.21%) COREP
4 11 (28.21%) SQL
5 10 (25.64%) Investment Banking
6 9 (23.08%) Business Analysis
6 9 (23.08%) CRD IV
6 9 (23.08%) Risk Management
6 9 (23.08%) Project Management
6 9 (23.08%) Basel II
7 7 (17.95%) Market Risk
8 6 (15.38%) User Acceptance Testing
8 6 (15.38%) Test Scripting
8 6 (15.38%) Front Office
8 6 (15.38%) Retail
9 5 (12.82%) Migration
10 4 (10.26%) Management Information System
10 4 (10.26%) Data Analysis
10 4 (10.26%) Microsoft
10 4 (10.26%) VBA
10 4 (10.26%) MS Excel
10 4 (10.26%) Translating Business Requirements
11 3 (7.69%) Analytical Skills
11 3 (7.69%) Reference Data
11 3 (7.69%) Derivative
11 3 (7.69%) Retail Banking
11 3 (7.69%) Stress Testing
11 3 (7.69%) Security Testing
11 3 (7.69%) Data Warehouse

Basel III
Top Related IT Skills by Category

The follow tables expand on the table above by listing co-occurrences grouped by category. The same job type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Application Platforms
1 2 (5.13%) SAS
Applications
1 4 (10.26%) MS Excel
2 2 (5.13%) MS PowerPoint
2 2 (5.13%) MS Visio
2 2 (5.13%) Spreadsheet
3 1 (2.56%) MS Office
Database & Business Intelligence
1 3 (7.69%) Data Mining
1 3 (7.69%) Data Warehouse
2 2 (5.13%) BusinessObjects
2 2 (5.13%) Oracle Reports
2 2 (5.13%) SAS Enterprise Guide
3 1 (2.56%) Big Data
3 1 (2.56%) MS Access
3 1 (2.56%) QlikView
3 1 (2.56%) SQL Server
3 1 (2.56%) SQL Server Integration Services
3 1 (2.56%) SQL Server Reporting Services
Development Applications
1 1 (2.56%) VSS/SourceSafe
General
1 26 (66.67%) Finance
2 24 (61.54%) Banking
3 10 (25.64%) Investment Banking
4 6 (15.38%) Front Office
4 6 (15.38%) Retail
5 3 (7.69%) Back Office
5 3 (7.69%) Retail Banking
6 2 (5.13%) Corporate Banking
6 2 (5.13%) General Ledger
Job Titles
1 27 (69.23%) Analyst
2 23 (58.97%) Business Analyst
3 10 (25.64%) Risk Analyst
4 8 (20.51%) Risk Business Analyst
5 6 (15.38%) Credit Analyst
5 6 (15.38%) Credit Risk Analyst
5 6 (15.38%) Project Manager
6 5 (12.82%) Credit Risk Business Analyst
6 5 (12.82%) Report Analyst
7 4 (10.26%) Finance Business Analyst
7 4 (10.26%) Financial Analyst
8 3 (7.69%) Banking Analyst
8 3 (7.69%) Banking Business Analyst
8 3 (7.69%) Liquidity Business Analyst
8 3 (7.69%) Regulatory Business Analyst
8 3 (7.69%) Regulatory Reporting Business Analyst
8 3 (7.69%) Risk Manager
8 3 (7.69%) Senior Analyst
8 3 (7.69%) Senior Business Analyst
9 2 (5.13%) Developer
Libraries, Frameworks & Software Standards
1 1 (2.56%) .NET
1 1 (2.56%) ASP.NET
1 1 (2.56%) ASP.NET MVC
1 1 (2.56%) XML
Miscellaneous
1 18 (46.15%) Credit Risk
2 7 (17.95%) Market Risk
3 4 (10.26%) Management Information System
4 3 (7.69%) Analytical Skills
4 3 (7.69%) Derivative
4 3 (7.69%) Reference Data
5 2 (5.13%) Contract for Difference
5 2 (5.13%) Equities
5 2 (5.13%) Fixed Income
5 2 (5.13%) Foreign Exchange (FX)
6 1 (2.56%) Hedge funds
Processes & Methodologies
1 9 (23.08%) Business Analysis
1 9 (23.08%) Project Management
1 9 (23.08%) Risk Management
2 6 (15.38%) Test Scripting
2 6 (15.38%) User Acceptance Testing
3 5 (12.82%) Migration
4 4 (10.26%) Data Analysis
4 4 (10.26%) Translating Business Requirements
5 3 (7.69%) Business Intelligence
5 3 (7.69%) Data Modelling
5 3 (7.69%) Disaster Recovery
5 3 (7.69%) SDLC
5 3 (7.69%) Security Testing
5 3 (7.69%) Stakeholder Management
5 3 (7.69%) Stress Testing
6 2 (5.13%) Change Management
6 2 (5.13%) Cost-Benefit Analysis
6 2 (5.13%) Data Management
6 2 (5.13%) GAP Analysis
6 2 (5.13%) Software Testing
Programming Languages
1 11 (28.21%) SQL
2 4 (10.26%) VBA
3 2 (5.13%) C#
3 2 (5.13%) Python
4 1 (2.56%) C
4 1 (2.56%) SAS Macro
Qualifications
1 1 (2.56%) A+ Certification
1 1 (2.56%) Degree
Quality Assurance & Compliance
1 11 (28.21%) COREP
2 9 (23.08%) Basel II
2 9 (23.08%) CRD IV
3 2 (5.13%) Data Quality
3 2 (5.13%) Dodd-Frank
3 2 (5.13%) EMIR
3 2 (5.13%) MiFID
4 1 (2.56%) Solvency II
Systems Management
1 2 (5.13%) HP Quality Center
Vendors
1 4 (10.26%) Microsoft
2 2 (5.13%) Oracle
3 1 (2.56%) ION Trading
3 1 (2.56%) JD Edwards
3 1 (2.56%) Perforce