The first table below looks at the prevalence of the term Credit Derivative in IT contracts advertised across the UK. Included is a guide to the average contractor rates offered in IT contracts that have cited Credit Derivative over the 3 months to 24 May 2013 with a comparison to the same period in the previous 2 years. The second table is for comparison and provides aggregates for all terms in our Miscellaneous category.

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
24 May 2013
Same period 2012 Same period 2011
Credit Derivatives
Rank 381 497 222
Rank change year-on-year
+116 -275
Contract jobs citing Credit Derivative 151 87 482
As % of all contract IT jobs located in the UK 0.325% 0.149% 0.790%
As % of the Miscellaneous category 1.227% 0.608% 2.805%
Number of daily rates quoted 102 71 392
Average daily rate £550 £525 £550
Average daily rate % change year-on-year
+4.76% -4.54%
90% offered a daily rate of more than £500 £448 £475
10% offered a daily rate of more than £600 £650 £650
UK excluding London average daily rate - - £400
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
UK excluding London average hourly rate - - -
All of the Miscellaneous Category
UK
Contract IT job ads with a match in the
Miscellaneous category
12308 14298 17184
As % of all contract IT jobs located in the UK 26.53% 24.52% 28.15%
Number of daily rates quoted 7390 8376 10196
Average daily rate £425 £425 £525
Average daily rate % change year-on-year
- -19.04%
90% offered a daily rate of more than £245 £250 £275
10% offered a daily rate of more than £600 £600 £650
UK excluding London average daily rate £350 £345 £340
% change year-on-year
+1.44% +1.47%
Number of hourly rates quoted 536 662 725
Average hourly rate £22.50 £22.50 £23.36
Average hourly rate % change year-on-year
- -3.68%
90% offered a hourly rate of more than £12.50 £12.50 £11.25
10% offered a hourly rate of more than £44.15 £45.00 £42.10
UK excluding London average hourly rate £22.50 £22.50 £26.00
% change year-on-year
- -13.46%

Credit Derivative
Jobs Demand Trend

This chart provides the 3-month moving total of IT contractor jobs citing Credit Derivative within the UK as a proportion of the total demand within the Miscellaneous category.

Credit Derivative Jobs Demand Trend

Credit Derivative
Daily Rate Trend

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

Credit Derivative Daily Rate Trend

Credit Derivative
Daily Rate Histogram

This chart provides a histogram of daily rates quoted in contract IT jobs citing Credit Derivative within the UK over the 3 months to 24 May 2013.

Credit Derivative Daily Rate Histogram

Credit Derivative
Hourly Rate Trend

This chart provides the 3-month moving average for hourly rates quoted in IT contractor jobs citing Credit Derivative within the UK.

Credit Derivative Hourly Rate Trend

Credit Derivative
Top 5 Contract Locations

The table below looks at the demand and provides a guide to the average contractor rates quoted in IT jobs citing Credit Derivative within the UK over the 3 months to 24 May 2013. 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 each for more statistics)
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
England +108 151 £550 +4.76%
London +94 151 £550 +4.76%
City of London +21 36 £544 -9.37%
Docklands, London +9 10 £550 +22.22%
Canary Wharf +5 9 £588 -

Credit Derivative
Top 30 Related IT Skills

For the 6 months to 24 May 2013, IT contractor jobs within the UK citing Credit Derivative 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 Credit Derivative.

1 260 (100.00%) Derivative
2 142 (54.62%) Front Office
3 132 (50.77%) SQL
4 119 (45.77%) Banking
5 115 (44.23%) Investment Banking
6 112 (43.08%) Fixed Income
7 107 (41.15%) Finance
8 90 (34.62%) C#
9 85 (32.69%) Foreign Exchange (FX)
10 81 (31.15%) Risk Management
11 69 (26.54%) Market Risk
12 63 (24.23%) Analytics
13 62 (23.85%) Oracle
14 59 (22.69%) SQL Server
15 50 (19.23%) Business Analysis
16 46 (17.69%) Credit Risk
17 41 (15.77%) Multithreading
18 38 (14.62%) Degree
19 36 (13.85%) SQL Server Analysis Services
19 36 (13.85%) VBA
20 34 (13.08%) XML
20 34 (13.08%) Visualisation
21 33 (12.69%) Interest Rate Derivative
22 32 (12.31%) TIBCO
22 32 (12.31%) Data Warehouse
23 30 (11.54%) RAD
24 29 (11.15%) Agile Software Development
25 28 (10.77%) Business Intelligence
26 26 (10.00%) .NET
26 26 (10.00%) Workflow

Credit Derivative
Top Related IT Skills by Category

For the 6 months to 24 May 2013, IT contractor jobs within the UK citing Credit Derivative 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 Credit Derivative. Up to 20 skills are shown per category.

Application Development
1 34 (13.08%) XML
2 26 (10.00%) .NET
3 18 (6.923%) MDX
4 15 (5.769%) WCF
5 14 (5.385%) FpML
6 11 (4.231%) WPF
7 5 (1.923%) Web Services
8 4 (1.538%) WinForms
8 4 (1.538%) Servlets
8 4 (1.538%) J2SE
9 3 (1.154%) Middleware
9 3 (1.154%) .NET Framework
10 2 (0.769%) Spring
10 2 (0.769%) Flash
11 1 (0.385%) Swing
11 1 (0.385%) XSL
11 1 (0.385%) STL
11 1 (0.385%) Hibernate
11 1 (0.385%) LINQ
11 1 (0.385%) FIX Protocol
Application Platforms
1 8 (3.077%) TIBCO EMS
2 5 (1.923%) Confluence
3 4 (1.538%) Rendezvous
4 1 (0.385%) MSMQ
4 1 (0.385%) Tomcat
Applications
1 17 (6.538%) Spreadsheet
2 12 (4.615%) MS Excel
3 10 (3.846%) MS Project
Business Applications
1 5 (1.923%) RMDS
2 1 (0.385%) Summit
2 1 (0.385%) Adaptiv
2 1 (0.385%) Bloomberg TOMS
Communications & Networking
1 7 (2.692%) TCP/IP
2 1 (0.385%) HTTP
Database & Business Intelligence
1 59 (22.69%) SQL Server
2 36 (13.85%) SQL Server Analysis Services
3 32 (12.31%) Data Warehouse
4 25 (9.615%) OLAP
5 23 (8.846%) Oracle OLAP
6 20 (7.692%) TOAD
6 20 (7.692%) SQLPlus
6 20 (7.692%) QlikView
7 19 (7.308%) Spotfire
7 19 (7.308%) Microsoft Analysis Services
8 17 (6.538%) Data Mining
9 12 (4.615%) Oracle Reports
10 3 (1.154%) Oracle 10g
10 3 (1.154%) Oracle 11g
11 1 (0.385%) SQL Server 2005
11 1 (0.385%) SQL Server 2008
Development Applications
1 7 (2.692%) QuickTest Pro
1 7 (2.692%) Subversion
2 6 (2.308%) Git (software)
2 6 (2.308%) JIRA
3 3 (1.154%) ClearCase
4 1 (0.385%) Eclipse
4 1 (0.385%) NUnit
4 1 (0.385%) Maven
General
1 142 (54.62%) Front Office
2 119 (45.77%) Banking
3 115 (44.23%) Investment Banking
4 107 (41.15%) Finance
5 25 (9.615%) Back Office
6 18 (6.923%) Financial Institution
7 10 (3.846%) Billing
8 1 (0.385%) Legal
8 1 (0.385%) Retail
Job Titles
1 137 (52.69%) Analyst
2 113 (43.46%) Business Analyst
3 111 (42.69%) Developer
4 45 (17.31%) Investment Banking Business Analyst
5 41 (15.77%) C# Developer
6 28 (10.77%) RAD Developer
7 26 (10.00%) Banking Business Analyst
8 21 (8.077%) Java Developer
9 20 (7.692%) Excel Developer
10 14 (5.385%) Fixed Income Business Analyst
11 13 (5.000%) QA Analyst
12 12 (4.615%) VBA Developer
13 11 (4.231%) QA Test Analyst
13 11 (4.231%) Test Analyst
13 11 (4.231%) Risk Analyst
13 11 (4.231%) Excel VBA Developer
14 10 (3.846%) Senior Developer
15 9 (3.462%) Market Risk Developer
16 7 (2.692%) Data Analyst
16 7 (2.692%) TIBCO Analyst
Miscellaneous
1 260 (100.00%) Derivative
2 112 (43.08%) Fixed Income
3 85 (32.69%) Foreign Exchange (FX)
4 69 (26.54%) Market Risk
5 46 (17.69%) Credit Risk
6 34 (13.08%) Visualisation
7 33 (12.69%) Interest Rate Derivative
8 21 (8.077%) Reference Data
8 21 (8.077%) Wiki
8 21 (8.077%) Equity Derivative
9 18 (6.923%) Equities
10 17 (6.538%) Exotic Derivative
11 13 (5.000%) Grid Computing
12 9 (3.462%) Computer Science
13 6 (2.308%) Contract for Difference
14 1 (0.385%) Client/Server
14 1 (0.385%) N-Tier
14 1 (0.385%) Physics
14 1 (0.385%) Hedge funds
14 1 (0.385%) Open Source
Operating Systems
1 3 (1.154%) Linux
1 3 (1.154%) UNIX
2 2 (0.769%) Windows
Processes & Methodologies
1 81 (31.15%) Risk Management
2 63 (24.23%) Analytics
3 50 (19.23%) Business Analysis
4 41 (15.77%) Multithreading
5 30 (11.54%) RAD
6 29 (11.15%) Agile Software Development
7 28 (10.77%) Business Intelligence
8 26 (10.00%) Workflow
9 24 (9.231%) Project Management
9 24 (9.231%) TDD
9 24 (9.231%) Risk Analytics
10 23 (8.846%) OO
11 22 (8.462%) Data Modelling
11 22 (8.462%) Waterfall
11 22 (8.462%) BDD
12 17 (6.538%) Data Analytics
13 16 (6.154%) Software Engineering
14 15 (5.769%) UML
15 13 (5.000%) User Acceptance Testing
15 13 (5.000%) OOP
Programming Languages
1 132 (50.77%) SQL
2 90 (34.62%) C#
3 36 (13.85%) VBA
4 25 (9.615%) Java
4 25 (9.615%) Python
5 10 (3.846%) C++
6 8 (3.077%) Perl
7 5 (1.923%) PowerShell
8 3 (1.154%) PL/SQL
9 2 (0.769%) Scala
10 1 (0.385%) T-SQL
10 1 (0.385%) C
Qualifications
1 38 (14.62%) Degree
2 1 (0.385%) PhD
Quality Assurance & Compliance
1 23 (8.846%) Basel III
2 19 (7.308%) QA
3 8 (3.077%) Basel II
4 1 (0.385%) Sarbanes-Oxley
Systems Management
1 2 (0.769%) Splunk
Vendors
1 62 (23.85%) Oracle
2 32 (12.31%) TIBCO
3 19 (7.308%) Tradeweb
3 19 (7.308%) Business Objects
4 13 (5.000%) Bloomberg
5 11 (4.231%) Reuters
6 8 (3.077%) Microsoft
7 6 (2.308%) Calypso
7 6 (2.308%) Sybase
8 5 (1.923%) Thunderhead
9 4 (1.538%) DevExpress
9 4 (1.538%) Murex
10 3 (1.154%) Syncfusion
11 2 (0.769%) Wall Street Systems
11 2 (0.769%) DataSynapse
11 2 (0.769%) Charles River
12 1 (0.385%) IBM
12 1 (0.385%) CA
12 1 (0.385%) Lotus
City, London
The applicant must have strong knowledge of; * Portfolio and order management processes and workflow * CRIMS v9 (at least 1 year) * Equity, Fixed Income and Credit Derivatives securities, their...
I.T. Skillfinder
Rate: £600 - £725 per day
Posted: 22 May 2013
City, London
The applicant must have strong knowledge of; * Portfolio and order management processes and workflow * CRIMS v9 (at least 1 year) * Equity, Fixed Income and Credit Derivatives securities, their...
I.T. Skillfinder
Rate: market rates
Posted: 22 May 2013
London
lending, relationship management, credit, derivatives, complex products. The ideal candidate will have dealt with small/medium sized corporate accounts either in the sale of Complex products or management...
Aston Carter
Rate: £450 - £650 per day
Posted: 23 May 2013
City of London
My Client, a leading investment bank is looking for an experienced front-to-back Project manager to take the lead on their derivatives confirmation program. Skills and Experience:- -...
Huxley Associates
Rate: £500 - £7000 per annum
Posted: 15 May 2013
City of London
Trade Control is responsible for trade capture, data quality, trade life-cycle event management, query resolution, front to back process flows, and confirmation validation... The Structured Credit Trade...
Huxley Associates
Posted: 24 May 2013
City of London
Knowledge of credit derivatives, bonds, swaps and commodities trading is beneficial... Technical Skills *.NET and Microsoft Technologies *Experience using PerfMon *PowerShell, basic scripting skills *Knowledge of MS SQL...
Streamline IT Recruitment
Rate: £400 - £500 per day
Posted: 21 May 2013
City, London
Knowledge of credit derivatives, bonds, swaps and commodities trading is beneficial... Technical Skills *.NET and Microsoft Technologies *Experience using PerfMon *PowerShell, basic scripting skills *Knowledge of MS SQL...
Streamline Connections
Rate: £400 - £500 per day
Posted: 20 May 2013
City of London
Key responsibilities will include: Provide end to end support for the Flow/Structured Credit trading and structuring desks Liaise with Front Office, Finance, Cash management, Legal, Market Risk...
Huxley Associates
Posted: 24 May 2013
City of London
Description Markets & International Banking is the wholesale banking division of the Group with branches and trading activities located in numerous worldwide locations but principally the USA, Europe, and...
Huxley Associates
Rate: £600 - £700 per annum
Posted: 25 May 2013