Credit Risk Modelling Contracts

Credit Risk Modelling
UK

The following table provides summary statistics for contract job vacancies with a requirement for Credit Risk Modelling skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited Credit Risk Modelling over the 6 months to 18 April 2024 with a comparison to the same period in the previous 2 years.

6 months to
18 Apr 2024
Same period 2023 Same period 2022
Rank 582 712 854
Rank change year-on-year +130 +142 -167
Contract jobs citing Credit Risk Modelling 5 3 6
As % of all contract jobs advertised in the UK 0.011% 0.005% 0.007%
As % of the Processes & Methodologies category 0.013% 0.005% 0.007%
Number of daily rates quoted 4 2 3
10th Percentile £528 £678 £458
25th Percentile £550 £720 £471
Median daily rate (50th Percentile) £675 £805 £503
Median % change year-on-year -16.15% +60.20% -28.21%
75th Percentile £897 £905 £719
90th Percentile £1,049 £956 £843
UK excluding London median daily rate £575 - £450

All Process and Methodology Skills
UK

Credit Risk Modelling is in the Processes and Methodologies category. The following table is for comparison with the above and provides summary statistics for all contract job vacancies with a requirement for process or methodology skills.

Contract vacancies with a requirement for process or methodology skills 37,760 54,632 81,458
As % of all contract IT jobs advertised in the UK 86.38% 89.84% 90.62%
Number of daily rates quoted 24,440 37,790 57,209
10th Percentile £300 £325 £338
25th Percentile £413 £438 £425
Median daily rate (50th Percentile) £525 £550 £525
Median % change year-on-year -4.55% +4.76% +9.38%
75th Percentile £638 £650 £638
90th Percentile £750 £750 £738
UK excluding London median daily rate £500 £500 £475
% change year-on-year - +5.26% +10.47%
Number of hourly rates quoted 2,414 1,780 1,950
10th Percentile £12.75 £11.00 £12.50
25th Percentile £15.90 £16.34 £15.25
Median hourly rate £35.00 £36.00 £25.00
Median % change year-on-year -2.78% +44.00% -
75th Percentile £58.69 £65.00 £49.25
90th Percentile £71.83 £75.00 £63.60
UK excluding London median hourly rate £35.00 £35.00 £19.96
% change year-on-year - +75.39% -8.21%

Credit Risk Modelling
Job Vacancy Trend

Job postings citing Credit Risk Modelling as a proportion of all IT jobs advertised.

Job vacancy trend for Credit Risk Modelling in the UK

Credit Risk Modelling
Contractor Daily Rate Trend

3-month moving average daily rate quoted in jobs citing Credit Risk Modelling.

Daily rate trend for Credit Risk Modelling in the UK

Credit Risk Modelling
Daily Rate Histogram

Daily rate distribution for jobs citing Credit Risk Modelling over the 6 months to 18 April 2024.

Daily rate histogram for Credit Risk Modelling in the UK

Credit Risk Modelling
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 Credit Risk Modelling within the UK over the 6 months to 18 April 2024. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 6 month period last year.

Location Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Median
Daily Rate
Past 6 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Jobs
England +129 5 £675 -16.15% 9
London +112 4 £775 -3.73% 6
Work from Home - 2 £575 - 2
UK excluding London - 1 £575 - 2
South East - 1 £575 - 1

Credit Risk Modelling
Co-occurring Skills and Capabilities by Category

The follow tables expand on the table above by listing co-occurrences grouped by category. The same employment type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

General
1 2 (40.00%) Retail
2 1 (20.00%) Banking
2 1 (20.00%) Finance
Job Titles
1 1 (20.00%) Analyst
1 1 (20.00%) Auditor
1 1 (20.00%) Business Analyst
1 1 (20.00%) C++ Developer
1 1 (20.00%) C++ Quantitative Developer
1 1 (20.00%) Credit Analyst
1 1 (20.00%) Credit Risk Analyst
1 1 (20.00%) Credit Risk Business Analyst
1 1 (20.00%) Credit Risk Modeller
1 1 (20.00%) Data Business Analyst
1 1 (20.00%) Developer
1 1 (20.00%) Quantitative Developer
1 1 (20.00%) Risk Analyst
1 1 (20.00%) Risk Business Analyst
Miscellaneous
1 5 (100.00%) Credit Risk
2 1 (20.00%) Algorithms
2 1 (20.00%) Market Risk
Processes & Methodologies
1 2 (40.00%) Analytics
1 2 (40.00%) Mathematics
1 2 (40.00%) Stress Testing
1 2 (40.00%) Validation
2 1 (20.00%) Computer Science
2 1 (20.00%) Credit Risk Management
2 1 (20.00%) Curve Construction
2 1 (20.00%) Data Modelling
2 1 (20.00%) Econometrics
2 1 (20.00%) Internal Audit
2 1 (20.00%) Model Validation
2 1 (20.00%) Quantitative Analysis
2 1 (20.00%) Quantitative Finance
2 1 (20.00%) Risk Management
2 1 (20.00%) Stakeholder Management
2 1 (20.00%) Statistics
Programming Languages
1 1 (20.00%) C++
Qualifications
1 1 (20.00%) Computer Science Degree
1 1 (20.00%) Degree
Quality Assurance & Compliance
1 2 (40.00%) IFRS
1 2 (40.00%) IFRS 9
2 1 (20.00%) Basel III