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 30 August 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
30 Aug 2016
Same period 2015 Same period 2014
Common Reporting (COREP)
Rank 638 631 626
Rank change year-on-year
-7 -5
Contract jobs citing COREP 9 28 18
As % of all contract IT jobs located in the UK 0.017% 0.049% 0.032%
As % of the Quality Assurance & Compliance category 0.18% 0.52% 0.34%
Number of daily rates quoted 7 23 14
Median daily rate £600 £550 £550
Median daily rate % change year-on-year
+9.09% -
90% offered a daily rate of more than £480 £505 £473
10% offered a daily rate of more than £660 £648 £600
UK excluding London median daily rate £450 £544 £550
% change year-on-year
-17.24% -1.13%
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
5066 5418 5367
As % of all contract IT jobs located in the UK 9.37% 9.42% 9.64%
Number of daily rates quoted 3244 3382 3304
Median daily rate £425 £425 £415
Median daily rate % change year-on-year
- +2.40%
90% offered a daily rate of more than £250 £264 £229
10% offered a daily rate of more than £575 £600 £568
UK excluding London median daily rate £400 £409 £380
% change year-on-year
-2.14% +7.56%
Number of hourly rates quoted 198 216 215
Median hourly rate £28.00 £23.75 £19.50
Median hourly rate % change year-on-year
+17.89% +21.79%
90% offered a hourly rate of more than £10.27 £12.00 £12.00
10% offered a hourly rate of more than £45.05 £59.82 £43.00
UK excluding London median hourly rate £28.15 £24.00 £20.00
% change year-on-year
+17.29% +20.00%

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 30 August 2016.

COREP Daily Rate Histogram in the UK

COREP
Top 7 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 30 August 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 -16 7 £600 +9.09% 1
London -27 6 £600 +9.09% 1
Edinburgh - 2 £450 -
Scotland - 2 £450 -
City of London +24 1 £600 +11.62% 1
South West +10 1 - -
Gloucestershire - 1 - -

COREP
Top 30 Related IT Skills

For the 6 months to 30 August 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 21 (77.78%) Finance
2 15 (55.56%) Project Management
3 13 (48.15%) FINREP
4 11 (40.74%) Credit Risk
5 10 (37.04%) Banking
6 9 (33.33%) Front Office
6 9 (33.33%) Basel III
6 9 (33.33%) CRD IV
7 8 (29.63%) Test Scripting
8 7 (25.93%) Market Risk
8 7 (25.93%) Migration
9 6 (22.22%) Translating Business Requirements
9 6 (22.22%) Risk Management
9 6 (22.22%) Disaster Recovery
9 6 (22.22%) Management Information System
9 6 (22.22%) Basel II
9 6 (22.22%) Stress Testing
9 6 (22.22%) Security Testing
9 6 (22.22%) Agile Software Development
10 5 (18.52%) Data Management
10 5 (18.52%) Investment Banking
10 5 (18.52%) Back Office
11 4 (14.81%) Cash Management
11 4 (14.81%) SQL
11 4 (14.81%) Data Warehouse
11 4 (14.81%) Data Modelling
11 4 (14.81%) Business Analysis
12 3 (11.11%) Retail
12 3 (11.11%) Data Mining
12 3 (11.11%) ITIL

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 2 (7.41%) SAS
2 1 (3.70%) CICS
Applications
1 2 (7.41%) MS Excel
2 1 (3.70%) MS Office
Database & Business Intelligence
1 4 (14.81%) Data Warehouse
2 3 (11.11%) Data Mining
3 1 (3.70%) BusinessObjects
3 1 (3.70%) DB2
3 1 (3.70%) SAS Enterprise Guide
General
1 21 (77.78%) Finance
2 10 (37.04%) Banking
3 9 (33.33%) Front Office
4 5 (18.52%) Back Office
4 5 (18.52%) Investment Banking
5 3 (11.11%) Legal
5 3 (11.11%) Retail
6 2 (7.41%) Corporate Banking
6 2 (7.41%) General Ledger
Job Titles
1 16 (59.26%) Analyst
2 13 (48.15%) Business Analyst
3 8 (29.63%) Project Manager
3 8 (29.63%) Report Analyst
3 8 (29.63%) Risk Analyst
4 7 (25.93%) Regulatory Business Analyst
4 7 (25.93%) Regulatory Reporting Business Analyst
4 7 (25.93%) Report Manager
4 7 (25.93%) Risk Business Analyst
5 5 (18.52%) IT Manager
5 5 (18.52%) IT Project Manager
5 5 (18.52%) Liquidity Business Analyst
6 2 (7.41%) Data Analyst
6 2 (7.41%) Test Analyst
7 1 (3.70%) Credit Analyst
7 1 (3.70%) SAS Analyst
7 1 (3.70%) SAS Credit Risk Analyst
7 1 (3.70%) Senior Analyst
7 1 (3.70%) SQL Data Analyst
7 1 (3.70%) Systems Manager
Libraries, Frameworks & Software Standards
1 1 (3.70%) Middleware
1 1 (3.70%) Web Services
Miscellaneous
1 11 (40.74%) Credit Risk
2 7 (25.93%) Market Risk
3 6 (22.22%) Management Information System
4 3 (11.11%) Analytical Skills
5 1 (3.70%) Contract for Difference
5 1 (3.70%) Derivative
5 1 (3.70%) Equities
5 1 (3.70%) Fixed Income
5 1 (3.70%) Foreign Exchange (FX)
5 1 (3.70%) SWIFT
5 1 (3.70%) Taxonomies
Processes & Methodologies
1 15 (55.56%) Project Management
2 8 (29.63%) Test Scripting
3 7 (25.93%) Migration
4 6 (22.22%) Agile Software Development
4 6 (22.22%) Disaster Recovery
4 6 (22.22%) Risk Management
4 6 (22.22%) Security Testing
4 6 (22.22%) Stress Testing
4 6 (22.22%) Translating Business Requirements
5 5 (18.52%) Data Management
6 4 (14.81%) Business Analysis
6 4 (14.81%) Cash Management
6 4 (14.81%) Data Modelling
7 3 (11.11%) Data Lineage
7 3 (11.11%) ITIL
7 3 (11.11%) Stakeholder Management
8 2 (7.41%) Credit Risk Management
8 2 (7.41%) Data Analysis
8 2 (7.41%) Defect Management
8 2 (7.41%) Technical Analysis
Programming Languages
1 4 (14.81%) SQL
2 1 (3.70%) COBOL
2 1 (3.70%) JCL
Qualifications
1 1 (3.70%) Degree
Quality Assurance & Compliance
1 13 (48.15%) FINREP
2 9 (33.33%) Basel III
2 9 (33.33%) CRD IV
3 6 (22.22%) Basel II
4 2 (7.41%) Data Quality
5 1 (3.70%) SEPA
Systems Management
1 2 (7.41%) HP Quality Center
Vendors
1 1 (3.70%) ION Trading
1 1 (3.70%) Microsoft