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 27 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
27 Jul 2016
Same period 2015 Same period 2014
Common Reporting (COREP)
Rank 647 646 596
Rank change year-on-year
-1 -50
Contract jobs citing COREP 13 28 20
As % of all contract IT jobs located in the UK 0.024% 0.049% 0.037%
As % of the Quality Assurance & Compliance category 0.25% 0.52% 0.39%
Number of daily rates quoted 10 24 17
Median daily rate £606 £550 £550
Median daily rate % change year-on-year
+10.22% -
90% offered a daily rate of more than £495 £525 £370
10% offered a daily rate of more than £750 £638 £600
UK excluding London median daily rate £450 £544 £501
% change year-on-year
-17.24% +8.64%
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
5102 5428 5083
As % of all contract IT jobs located in the UK 9.45% 9.51% 9.43%
Number of daily rates quoted 3241 3525 3096
Median daily rate £425 £425 £406
Median daily rate % change year-on-year
- +4.67%
90% offered a daily rate of more than £239 £250 £240
10% offered a daily rate of more than £585 £600 £550
UK excluding London median daily rate £400 £400 £375
% change year-on-year
- +6.66%
Number of hourly rates quoted 204 199 207
Median hourly rate £28.00 £21.67 £20.00
Median hourly rate % change year-on-year
+29.24% +8.32%
90% offered a hourly rate of more than £10.00 £12.50 £12.50
10% offered a hourly rate of more than £47.50 £55.50 £44.10
UK excluding London median hourly rate £28.00 £22.50 £20.21
% change year-on-year
+24.44% +11.35%

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 27 July 2016.

COREP Daily Rate Histogram in the UK

COREP
Top 5 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 27 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
London -2 11 £613 +11.36%
England -31 11 £613 +11.36%
City of London +48 2 £606 +12.79%
Scotland - 2 £450 -
Edinburgh - 2 £450 -

COREP
Top 30 Related IT Skills

For the 6 months to 27 July 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 (74.19%) Finance
2 16 (51.61%) Project Management
3 14 (45.16%) FINREP
4 13 (41.94%) Credit Risk
5 12 (38.71%) CRD IV
6 11 (35.48%) Basel III
6 11 (35.48%) Banking
7 9 (29.03%) Front Office
7 9 (29.03%) Test Scripting
8 7 (22.58%) Translating Business Requirements
8 7 (22.58%) Agile Software Development
8 7 (22.58%) Investment Banking
8 7 (22.58%) Market Risk
8 7 (22.58%) Risk Management
9 6 (19.35%) Back Office
9 6 (19.35%) Disaster Recovery
9 6 (19.35%) Management Information System
9 6 (19.35%) Migration
9 6 (19.35%) Basel II
9 6 (19.35%) Security Testing
10 5 (16.13%) Stress Testing
10 5 (16.13%) Analytical Skills
10 5 (16.13%) Data Warehouse
10 5 (16.13%) Business Analysis
11 4 (12.90%) Retail
11 4 (12.90%) Data Management
11 4 (12.90%) SQL
11 4 (12.90%) Data Mining
11 4 (12.90%) SAS
11 4 (12.90%) Stakeholder Management

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 (12.90%) SAS
2 1 (3.23%) CICS
Applications
1 2 (6.45%) MS Excel
2 1 (3.23%) MS Office
Database & Business Intelligence
1 5 (16.13%) Data Warehouse
2 4 (12.90%) Data Mining
3 2 (6.45%) BusinessObjects
4 1 (3.23%) DB2
4 1 (3.23%) SAS Enterprise Guide
General
1 23 (74.19%) Finance
2 11 (35.48%) Banking
3 9 (29.03%) Front Office
4 7 (22.58%) Investment Banking
5 6 (19.35%) Back Office
6 4 (12.90%) Retail
7 3 (9.68%) General Ledger
7 3 (9.68%) Legal
8 2 (6.45%) Corporate Banking
Job Titles
1 20 (64.52%) Analyst
2 15 (48.39%) Business Analyst
3 9 (29.03%) Project Manager
3 9 (29.03%) Report Analyst
3 9 (29.03%) Risk Analyst
4 7 (22.58%) Regulatory Business Analyst
4 7 (22.58%) Regulatory Reporting Business Analyst
4 7 (22.58%) Report Manager
5 6 (19.35%) IT Manager
5 6 (19.35%) IT Project Manager
5 6 (19.35%) Liquidity Business Analyst
5 6 (19.35%) Risk Business Analyst
6 3 (9.68%) Senior Analyst
7 2 (6.45%) Data Analyst
7 2 (6.45%) IT Business Analyst
7 2 (6.45%) Senior Risk Analyst
7 2 (6.45%) Test Analyst
8 1 (3.23%) Credit Analyst
8 1 (3.23%) Metrics Analyst
8 1 (3.23%) SAS Analyst
Libraries, Frameworks & Software Standards
1 1 (3.23%) Middleware
1 1 (3.23%) Web Services
Miscellaneous
1 13 (41.94%) Credit Risk
2 7 (22.58%) Market Risk
3 6 (19.35%) Management Information System
4 5 (16.13%) Analytical Skills
5 2 (6.45%) Contract for Difference
5 2 (6.45%) Derivative
5 2 (6.45%) Equities
5 2 (6.45%) Fixed Income
5 2 (6.45%) Foreign Exchange (FX)
6 1 (3.23%) Reference Data
6 1 (3.23%) SWIFT
6 1 (3.23%) Taxonomies
Processes & Methodologies
1 16 (51.61%) Project Management
2 9 (29.03%) Test Scripting
3 7 (22.58%) Agile Software Development
3 7 (22.58%) Risk Management
3 7 (22.58%) Translating Business Requirements
4 6 (19.35%) Disaster Recovery
4 6 (19.35%) Migration
4 6 (19.35%) Security Testing
5 5 (16.13%) Business Analysis
5 5 (16.13%) Stress Testing
6 4 (12.90%) Cash Management
6 4 (12.90%) Data Management
6 4 (12.90%) Stakeholder Management
7 3 (9.68%) Data Analysis
7 3 (9.68%) Data Modelling
7 3 (9.68%) IT Governance
7 3 (9.68%) ITIL
7 3 (9.68%) Technical Analysis
8 2 (6.45%) Cost-Benefit Analysis
8 2 (6.45%) Software Testing
Programming Languages
1 4 (12.90%) SQL
2 1 (3.23%) COBOL
2 1 (3.23%) JCL
Qualifications
1 2 (6.45%) Degree
Quality Assurance & Compliance
1 14 (45.16%) FINREP
2 12 (38.71%) CRD IV
3 11 (35.48%) Basel III
4 6 (19.35%) Basel II
5 2 (6.45%) Data Quality
6 1 (3.23%) SEPA
Systems Management
1 2 (6.45%) HP Quality Center
Vendors
1 2 (6.45%) Microsoft
2 1 (3.23%) ION Trading