The table below looks at the statistics for COREP skills in IT contracts advertised across the UK. Included is a guide to the contractor rates offered in IT contracts that have cited COREP over the 3 months to 24 June 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
24 Jun 2016
Same period 2015 Same period 2014
Common Reporting (COREP)
Rank 623 613 595
Rank change year-on-year
-10 -18
Contract jobs citing COREP 17 27 28
As % of all contract IT jobs located in the UK 0.032% 0.048% 0.052%
As % of the Quality Assurance & Compliance category 0.34% 0.52% 0.55%
Number of daily rates quoted 13 23 24
Median daily rate £675 £550 £550
Median daily rate % change year-on-year
+22.72% -
90% offered a daily rate of more than £436 £350 £460
10% offered a daily rate of more than £740 £638 £618
UK excluding London median daily rate £403 £563 £501
% change year-on-year
-28.44% +12.38%
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
4978 5185 5083
As % of all contract IT jobs located in the UK 9.26% 9.24% 9.37%
Number of daily rates quoted 3188 3320 3139
Median daily rate £425 £413 £400
Median daily rate % change year-on-year
+2.96% +3.18%
90% offered a daily rate of more than £255 £250 £239
10% offered a daily rate of more than £600 £600 £588
UK excluding London median daily rate £400 £375 £365
% change year-on-year
+6.66% +2.73%
Number of hourly rates quoted 199 185 219
Median hourly rate £28.50 £23.50 £21.00
Median hourly rate % change year-on-year
+21.27% +11.90%
90% offered a hourly rate of more than £12.50 £12.50 £12.50
10% offered a hourly rate of more than £47.50 £55.50 £42.00
UK excluding London median hourly rate £28.50 £25.00 £21.00
% change year-on-year
+14.00% +19.04%

COREP
Jobs Demand Trend

The demand trend of contract jobs citing COREP as a proportion of all IT contracts with a match in the Quality Assurance & Compliance category.

COREP Jobs Demand Trend in the UK

COREP
Daily Rate Trend

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

COREP Daily Rate Trend in the UK

COREP
Daily Rate Histogram

This chart provides a histogram of daily rates quoted in contract IT jobs citing COREP within the UK over the 3 months to 24 June 2016.

COREP Daily Rate Histogram in the UK

COREP
Top 6 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing COREP within the UK over the 3 months to 24 June 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 -7 15 £675 +14.89%
London 0 14 £675 +22.72%
City of London +36 2 £606 +27.63%
Halifax -1 1 £385 +4.05%
West Yorkshire -2 1 £385 +7.69%
Yorkshire -2 1 £385 +7.69%

COREP
Top 30 Related IT Skills

For the 6 months to 24 June 2016, IT contractor jobs citing COREP 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 COREP.

1 23 (76.67%) Finance
2 15 (50.00%) Project Management
3 13 (43.33%) Banking
3 13 (43.33%) FINREP
4 12 (40.00%) Credit Risk
5 11 (36.67%) CRD IV
6 9 (30.00%) Basel III
6 9 (30.00%) Investment Banking
6 9 (30.00%) Front Office
7 8 (26.67%) Back Office
7 8 (26.67%) Test Scripting
8 7 (23.33%) Translating Business Requirements
8 7 (23.33%) Risk Management
8 7 (23.33%) Agile Software Development
8 7 (23.33%) Market Risk
9 6 (20.00%) Disaster Recovery
9 6 (20.00%) Management Information System
9 6 (20.00%) Migration
9 6 (20.00%) Basel II
9 6 (20.00%) Security Testing
10 5 (16.67%) Technical Analysis
10 5 (16.67%) Analytical Skills
10 5 (16.67%) Data Warehouse
10 5 (16.67%) Stress Testing
10 5 (16.67%) Business Analysis
10 5 (16.67%) IT Governance
10 5 (16.67%) General Ledger
11 4 (13.33%) Retail
11 4 (13.33%) Data Mining
11 4 (13.33%) SAS

COREP
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 4 (13.33%) SAS
2 1 (3.33%) CICS
Applications
1 2 (6.67%) MS Excel
2 1 (3.33%) MS Office
Database & Business Intelligence
1 5 (16.67%) Data Warehouse
2 4 (13.33%) Data Mining
3 2 (6.67%) BusinessObjects
4 1 (3.33%) DB2
4 1 (3.33%) SAS Enterprise Guide
General
1 23 (76.67%) Finance
2 13 (43.33%) Banking
3 9 (30.00%) Front Office
3 9 (30.00%) Investment Banking
4 8 (26.67%) Back Office
5 5 (16.67%) General Ledger
6 4 (13.33%) Retail
7 3 (10.00%) Legal
8 2 (6.67%) Corporate Banking
Job Titles
1 21 (70.00%) Analyst
2 17 (56.67%) Business Analyst
3 11 (36.67%) Report Analyst
4 9 (30.00%) Regulatory Business Analyst
4 9 (30.00%) Regulatory Reporting Business Analyst
4 9 (30.00%) Risk Analyst
5 8 (26.67%) Liquidity Business Analyst
5 8 (26.67%) Project Manager
6 6 (20.00%) Risk Business Analyst
7 5 (16.67%) IT Manager
7 5 (16.67%) IT Project Manager
7 5 (16.67%) Report Manager
8 3 (10.00%) Senior Analyst
9 2 (6.67%) Data Analyst
9 2 (6.67%) IT Business Analyst
9 2 (6.67%) Senior Risk Analyst
10 1 (3.33%) Credit Analyst
10 1 (3.33%) Credit Risk Analyst
10 1 (3.33%) Metrics Analyst
10 1 (3.33%) SAS Analyst
Libraries, Frameworks & Software Standards
1 1 (3.33%) Middleware
1 1 (3.33%) Web Services
Miscellaneous
1 12 (40.00%) Credit Risk
2 7 (23.33%) Market Risk
3 6 (20.00%) Management Information System
4 5 (16.67%) Analytical Skills
5 2 (6.67%) Contract for Difference
5 2 (6.67%) Derivative
5 2 (6.67%) Equities
5 2 (6.67%) Fixed Income
5 2 (6.67%) Foreign Exchange (FX)
6 1 (3.33%) Reference Data
6 1 (3.33%) SWIFT
6 1 (3.33%) Taxonomies
Processes & Methodologies
1 15 (50.00%) Project Management
2 8 (26.67%) Test Scripting
3 7 (23.33%) Agile Software Development
3 7 (23.33%) Risk Management
3 7 (23.33%) Translating Business Requirements
4 6 (20.00%) Disaster Recovery
4 6 (20.00%) Migration
4 6 (20.00%) Security Testing
5 5 (16.67%) Business Analysis
5 5 (16.67%) IT Governance
5 5 (16.67%) Stress Testing
5 5 (16.67%) Technical Analysis
6 4 (13.33%) Cash Management
6 4 (13.33%) Stakeholder Management
7 3 (10.00%) Data Analysis
7 3 (10.00%) Data Management
7 3 (10.00%) Data Modelling
7 3 (10.00%) ITIL
8 2 (6.67%) Cost-Benefit Analysis
8 2 (6.67%) Programme Management
Programming Languages
1 3 (10.00%) SQL
2 1 (3.33%) COBOL
2 1 (3.33%) JCL
Qualifications
1 2 (6.67%) Degree
Quality Assurance & Compliance
1 13 (43.33%) FINREP
2 11 (36.67%) CRD IV
3 9 (30.00%) Basel III
4 6 (20.00%) Basel II
5 2 (6.67%) Data Quality
6 1 (3.33%) SEPA
Systems Management
1 1 (3.33%) HP Quality Center
Vendors
1 2 (6.67%) Microsoft