The table below looks at the statistics for COREP skills in IT contracts advertised across the UK. Included is a guide to the average contractor rates offered in IT contracts that have cited COREP over the 3 months to 12 February 2016 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
12 Feb 2016
Same period 2015 Same period 2014
Common Reporting (COREP)
Rank 615 590 551
Rank change year-on-year
-25 -39
Contract jobs citing COREP 11 22 37
As % of all contract IT jobs located in the UK 0.021% 0.042% 0.074%
As % of the Quality Assurance & Compliance category 0.22% 0.45% 0.83%
Number of daily rates quoted 11 21 20
Average daily rate £550 £550 £550
90% offered a daily rate of more than £428 £450 £400
10% offered a daily rate of more than £600 £850 £600
UK excluding London average daily rate £441 £538 £425
% change year-on-year
-17.94% +26.52%
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
5065 4857 4461
As % of all contract IT jobs located in the UK 9.85% 9.38% 8.97%
Number of daily rates quoted 3105 2979 2596
Average daily rate £425 £400 £405
Average daily rate % change year-on-year
+6.25% -1.23%
90% offered a daily rate of more than £265 £225 £230
10% offered a daily rate of more than £600 £600 £600
UK excluding London average daily rate £400 £380 £350
% change year-on-year
+5.26% +8.57%
Number of hourly rates quoted 212 174 170
Average hourly rate £42.00 £22.50 £17.00
Average hourly rate % change year-on-year
+86.66% +32.35%
90% offered a hourly rate of more than £14.02 £11.00 £10.97
10% offered a hourly rate of more than £60.98 £47.50 £42.50
UK excluding London average hourly rate £42.50 £23.25 £17.08
% change year-on-year
+82.79% +36.16%

COREP
Jobs Demand Trend

This chart provides the 3-month moving total of IT contractor jobs citing COREP within the UK as a proportion of the total demand within 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 12 February 2016.

COREP Daily Rate Histogram in the UK

COREP
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 COREP within the UK over the 3 months to 12 February 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
(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 -13 11 £550 - 7
London +1 7 £600 +9.09% 7
City of London +36 4 £600 +23.07% 3
Yorkshire - 3 £428 -
West Yorkshire - 2 £441 -
Halifax - 2 £441 -
Docklands, London +8 1 £525 -4.54%
North East - 1 £575 -
Tyne and Wear - 1 £575 -
Doncaster - 1 £425 -
Newcastle upon Tyne - 1 £575 -
South Yorkshire - 1 £425 -

COREP
Top 30 Related IT Skills

For the 6 months to 12 February 2016, IT contractor jobs within the UK citing COREP 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 COREP.

1 21 (87.50%) Finance
2 15 (62.50%) Banking
3 10 (41.67%) Investment Banking
4 7 (29.17%) Back Office
5 6 (25.00%) General Ledger
5 6 (25.00%) IT Governance
5 6 (25.00%) Stress Testing
5 6 (25.00%) FINREP
5 6 (25.00%) Technical Analysis
6 5 (20.83%) Basel II
6 5 (20.83%) Data Analysis
6 5 (20.83%) Retail
7 4 (16.67%) TOGAF
7 4 (16.67%) Data Warehouse
7 4 (16.67%) CRD IV
7 4 (16.67%) Analytical Skills
7 4 (16.67%) Basel III
7 4 (16.67%) Data Integration
8 3 (12.50%) SAS
8 3 (12.50%) Derivative
8 3 (12.50%) Degree
8 3 (12.50%) Credit Risk
9 2 (8.33%) Contract for Difference
9 2 (8.33%) Retail Banking
9 2 (8.33%) Agile Software Development
9 2 (8.33%) Business Analysis
9 2 (8.33%) Migration
9 2 (8.33%) Equities
9 2 (8.33%) Fixed Income
9 2 (8.33%) Business Intelligence

COREP
Top Related IT Skills by Category

For the 6 months to 12 February 2016, IT contractor jobs within the UK citing COREP 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 COREP. Up to 20 skills are shown per category.

Application Platforms
1 3 (12.50%) SAS
Applications
1 1 (4.17%) MS Excel
1 1 (4.17%) Spreadsheet
Database & Business Intelligence
1 4 (16.67%) Data Warehouse
2 1 (4.17%) BusinessObjects
2 1 (4.17%) MS Access
General
1 21 (87.50%) Finance
2 15 (62.50%) Banking
3 10 (41.67%) Investment Banking
4 7 (29.17%) Back Office
5 6 (25.00%) General Ledger
6 5 (20.83%) Retail
7 2 (8.33%) Retail Banking
8 1 (4.17%) Advertising
8 1 (4.17%) Front Office
8 1 (4.17%) Legal
Job Titles
1 13 (54.17%) Analyst
2 11 (45.83%) Report Analyst
3 9 (37.50%) Business Analyst
4 6 (25.00%) Architect
4 6 (25.00%) Liquidity Business Analyst
4 6 (25.00%) Regulatory Business Analyst
4 6 (25.00%) Regulatory Reporting Business Analyst
5 5 (20.83%) Solutions Architect
6 3 (12.50%) Developer
7 2 (8.33%) Data Business Analyst
7 2 (8.33%) Finance Business Analyst
7 2 (8.33%) Financial Analyst
7 2 (8.33%) Report Manager
7 2 (8.33%) Risk Analyst
7 2 (8.33%) Senior Analyst
7 2 (8.33%) Senior Risk Analyst
8 1 (4.17%) Access VBA Developer
8 1 (4.17%) Banking Analyst
8 1 (4.17%) Excel Developer
8 1 (4.17%) Microsoft Developer
Libraries, Frameworks & Software Standards
1 1 (4.17%) XBRL
Miscellaneous
1 4 (16.67%) Analytical Skills
1 4 (16.67%) Data Integration
2 3 (12.50%) Credit Risk
2 3 (12.50%) Derivative
3 2 (8.33%) Contract for Difference
3 2 (8.33%) Equities
3 2 (8.33%) Fixed Income
3 2 (8.33%) Foreign Exchange (FX)
4 1 (4.17%) Credit Derivative
4 1 (4.17%) Data Extraction
4 1 (4.17%) Reference Data
Operating Systems
1 1 (4.17%) Unix
Processes & Methodologies
1 6 (25.00%) IT Governance
1 6 (25.00%) Stress Testing
1 6 (25.00%) Technical Analysis
2 5 (20.83%) Data Analysis
3 4 (16.67%) TOGAF
4 2 (8.33%) Agile Software Development
4 2 (8.33%) BPR
4 2 (8.33%) Business Analysis
4 2 (8.33%) Business Intelligence
4 2 (8.33%) Data Cleansing
4 2 (8.33%) Migration
5 1 (4.17%) Analytics
5 1 (4.17%) Cash Management
5 1 (4.17%) Data Architecture
5 1 (4.17%) Information Architecture
5 1 (4.17%) SDLC
5 1 (4.17%) Stakeholder Engagement
5 1 (4.17%) Unit Testing
5 1 (4.17%) User Acceptance Testing
5 1 (4.17%) Waterfall
Programming Languages
1 1 (4.17%) Shell Script
1 1 (4.17%) VBA
Qualifications
1 3 (12.50%) Degree
2 1 (4.17%) ACCA
2 1 (4.17%) CIMA
Quality Assurance & Compliance
1 6 (25.00%) FINREP
2 5 (20.83%) Basel II
3 4 (16.67%) Basel III
3 4 (16.67%) CRD IV
4 2 (8.33%) Data Quality
5 1 (4.17%) Solvency II
Vendors
1 2 (8.33%) Microsoft
1 2 (8.33%) Oracle
London
Aston Carter
Rate: £550 - £650 per day
Posted: 6 days ago