European Market Infrastructure Regulation (EMIR)
UK

The following table provides summary statistics for contract job vacancies with a requirement for EMIR skills. Included is a benchmarking guide to the contractor rates offered in vacancies that have cited EMIR over the 6 months to 3 May 2024 with a comparison to the same period in the previous 2 years.

6 months to
3 May 2024
Same period 2023 Same period 2022
Rank 532 657 791
Rank change year-on-year +125 +134 -111
Contract jobs citing EMIR 58 46 69
As % of all contract jobs advertised in the UK 0.13% 0.078% 0.078%
As % of the Quality Assurance & Compliance category 0.93% 0.58% 0.59%
Number of daily rates quoted 51 36 63
10th Percentile £400 £625 £551
25th Percentile £563 £638 £625
Median daily rate (50th Percentile) £700 £750 £700
Median % change year-on-year -6.67% +7.14% +7.69%
75th Percentile £781 £761 £775
90th Percentile £800 £792 £800
UK excluding London median daily rate £475 - £310
Number of hourly rates quoted 0 1 0
Median hourly rate - £47.73 -
UK excluding London median hourly rate - £47.73 -

All Quality Assurance and Compliance Skills
UK

EMIR is in the Quality Assurance and Compliance category. The following table is for comparison with the above and provides summary statistics for all contract job vacancies with a requirement for quality assurance or compliance skills.

Contract vacancies with a requirement for quality assurance or compliance skills 6,210 7,911 11,787
As % of all contract IT jobs advertised in the UK 14.32% 13.35% 13.28%
Number of daily rates quoted 3,938 5,435 8,072
10th Percentile £296 £276 £294
25th Percentile £403 £410 £403
Median daily rate (50th Percentile) £510 £525 £515
Median % change year-on-year -2.86% +1.94% +8.42%
75th Percentile £625 £638 £623
90th Percentile £750 £738 £713
UK excluding London median daily rate £488 £478 £450
% change year-on-year +2.09% +6.11% +5.88%
Number of hourly rates quoted 384 233 302
10th Percentile £10.95 £13.29 £12.02
25th Percentile £13.18 £18.50 £16.63
Median hourly rate £20.80 £35.00 £27.75
Median % change year-on-year -40.56% +26.13% +32.14%
75th Percentile £45.00 £60.00 £49.25
90th Percentile £67.50 £77.50 £66.90
UK excluding London median hourly rate £18.00 £35.00 £21.05
% change year-on-year -48.57% +66.27% +0.24%

EMIR
Job Vacancy Trend

Job postings citing EMIR as a proportion of all IT jobs advertised.

Job vacancy trend for EMIR in the UK

EMIR
Contractor Daily Rate Trend

3-month moving average daily rate quoted in jobs citing EMIR.

Daily rate trend for EMIR in the UK

EMIR
Daily Rate Histogram

Daily rate distribution for jobs citing EMIR over the 6 months to 3 May 2024.

Daily rate histogram for EMIR in the UK

EMIR
Contractor Hourly Rate Trend

3-month moving average hourly rates quoted in jobs citing EMIR.

Hourly rate trend for EMIR in the UK

EMIR
Top 6 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing EMIR within the UK over the 6 months to 3 May 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 +136 56 £700 -6.67% 21
London +104 55 £700 -6.67% 20
Work from Home +144 25 £625 -7.41% 7
UK excluding London +54 1 £475 - 1
North of England - 1 £475 -
North West - 1 £475 -

EMIR
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:

Application Platforms
1 7 (12.07%) Confluence
Applications
1 9 (15.52%) Microsoft Excel
2 7 (12.07%) Microsoft PowerPoint
2 7 (12.07%) MS Visio
Business Applications
1 6 (10.34%) ION MarketView
2 1 (1.72%) Bloomberg AIM
Cloud Services
1 1 (1.72%) Cloud Computing
Communications & Networking
1 8 (13.79%) FIX Connectivity
Database & Business Intelligence
1 5 (8.62%) SQL Server
2 1 (1.72%) Big Data
2 1 (1.72%) Hadoop
2 1 (1.72%) PostgreSQL
2 1 (1.72%) RDBMS
2 1 (1.72%) Relational Database
Development Applications
1 10 (17.24%) JIRA
2 7 (12.07%) TeamCity
General
1 32 (55.17%) Banking
2 20 (34.48%) Finance
3 16 (27.59%) Investment Banking
4 15 (25.86%) Social Skills
5 13 (22.41%) Analytical Skills
5 13 (22.41%) Front Office
6 3 (5.17%) Prime Brokerage
7 2 (3.45%) Back Office
7 2 (3.45%) Synthetic Prime Brokerage
Job Titles
1 37 (63.79%) Business Analyst
2 23 (39.66%) Analyst
3 18 (31.03%) Regulatory Business Analyst
4 11 (18.97%) Investment Banking Business Analyst
5 8 (13.79%) Electronic Trading Business Analyst
6 7 (12.07%) Front Office Business Analyst
7 6 (10.34%) FIX Business Analyst
8 5 (8.62%) Banking Analyst
8 5 (8.62%) Developer
8 5 (8.62%) Regulatory Reporting Business Analyst
8 5 (8.62%) Report Developer
9 4 (6.90%) .NET Developer
9 4 (6.90%) Finance Business Analyst
9 4 (6.90%) Financial Analyst
9 4 (6.90%) Payments Analyst
9 4 (6.90%) Payments Business Analyst
9 4 (6.90%) Project Manager
9 4 (6.90%) Report Analyst
10 3 (5.17%) IT Manager
10 3 (5.17%) IT Project Manager
Libraries, Frameworks & Software Standards
1 9 (15.52%) XML
2 8 (13.79%) FIX Protocol
3 4 (6.90%) .NET
3 4 (6.90%) ASP.NET
4 1 (1.72%) FpML
Miscellaneous
1 15 (25.86%) Derivative
2 8 (13.79%) Fixed Income
3 4 (6.90%) ASIC
3 4 (6.90%) Equities
3 4 (6.90%) Foreign Exchange (FX)
3 4 (6.90%) SWIFT Messaging Network
4 2 (3.45%) Analytical Mindset
4 2 (3.45%) OTC Derivatives
5 1 (1.72%) DTCC
5 1 (1.72%) EFT
5 1 (1.72%) Equity Derivative
5 1 (1.72%) Hedge funds
5 1 (1.72%) Legacy Systems
5 1 (1.72%) Management Information System
5 1 (1.72%) Synthetic Equity
Operating Systems
1 7 (12.07%) Unix
Processes & Methodologies
1 12 (20.69%) Stakeholder Management
2 9 (15.52%) Data Modelling
3 8 (13.79%) Electronic Trading
3 8 (13.79%) Risk Management
3 8 (13.79%) User Acceptance Testing
4 7 (12.07%) Regulatory Change
4 7 (12.07%) SDLC
4 7 (12.07%) UML
5 6 (10.34%) Business Analysis
5 6 (10.34%) Project Management
6 4 (6.90%) System Integration Testing
6 4 (6.90%) Waterfall
7 3 (5.17%) Agile
7 3 (5.17%) Data Analysis
7 3 (5.17%) Data Mapping
7 3 (5.17%) Regulatory Compliance
7 3 (5.17%) Root Cause Analysis
7 3 (5.17%) Workshop Facilitation
8 2 (3.45%) Backlog Management
8 2 (3.45%) Target Operating Model
Programming Languages
1 24 (41.38%) SQL
2 4 (6.90%) C#
2 4 (6.90%) PL/SQL
3 1 (1.72%) Perl
Qualifications
1 7 (12.07%) Degree
Quality Assurance & Compliance
1 46 (79.31%) MiFID
2 27 (46.55%) Dodd-Frank
3 7 (12.07%) QA
4 4 (6.90%) SEPA
5 3 (5.17%) PMO
6 2 (3.45%) Data Quality
6 2 (3.45%) FATCA
Vendors
1 13 (22.41%) Bloomberg
2 8 (13.79%) ION Trading
2 8 (13.79%) MarketAxess
2 8 (13.79%) Tradeweb
3 5 (8.62%) Oracle
4 2 (3.45%) Refinitiv
4 2 (3.45%) Reuters
5 1 (1.72%) Charles River
5 1 (1.72%) Progress
5 1 (1.72%) Sybase