The table below looks at the statistics for FATCA skills in IT contracts advertised across the UK. Included is a guide to the average contractor rates offered in IT contracts that have cited FATCA over the 3 months to 24 November 2014 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
24 Nov 2014
Same period 2013 Same period 2012
Foreign Account Tax Compliance Act (FATCA)
Rank 574 518 522
Rank change year-on-year
-56 +4
Contract jobs citing FATCA 42 67 60
As % of all contract IT jobs located in the UK 0.074% 0.13% 0.11%
As % of the Quality Assurance & Compliance category 0.99% 1.75% 1.52%
Number of daily rates quoted 29 61 47
Average daily rate
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£575 £550 £500
Average daily rate % change year-on-year
+4.54% +10.00%
90% offered a daily rate of more than £493 £400 £362
10% offered a daily rate of more than £690 £650 £650
UK excluding London average daily rate £520 £450 £348
% change year-on-year
+15.61% +29.49%
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
4230 3821 3949
As % of all contract IT jobs located in the UK 7.42% 7.35% 7.54%
Number of daily rates quoted 2658 2333 2287
Average daily rate £400 £425 £413
Average daily rate % change year-on-year
-5.88% +3.03%
90% offered a daily rate of more than £215 £250 £225
10% offered a daily rate of more than £600 £600 £600
UK excluding London average daily rate £363 £350 £370
% change year-on-year
+3.57% -5.40%
Number of hourly rates quoted 209 135 227
Average hourly rate £20.25 £17.75 £19.00
Average hourly rate % change year-on-year
+14.08% -6.57%
90% offered a hourly rate of more than £11.32 £11.50 £10.76
10% offered a hourly rate of more than £45.00 £42.50 £41.40
UK excluding London average hourly rate £20.00 £17.50 £19.00
% change year-on-year
+14.28% -7.89%

FATCA
Jobs Demand Trend

This chart provides the 3-month moving total of IT contractor jobs citing FATCA within the UK as a proportion of the total demand within the Quality Assurance & Compliance category.

FATCA Jobs Demand Trend in the UK

FATCA
Daily Rate Trend

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

FATCA Daily Rate Trend in the UK

FATCA
Daily Rate Histogram

This chart provides a histogram of daily rates quoted in contract IT jobs citing FATCA within the UK over the 3 months to 24 November 2014.

FATCA Daily Rate Histogram in the UK

FATCA
Top 7 Contract Locations

The table below looks at the demand and provides a guide to the average contractor rates quoted in IT jobs citing FATCA within the UK over the 3 months to 24 November 2014. 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 -43 41 £575 +4.54% 15
London -9 35 £600 +9.09% 13
City of London +2 5 £425 -19.04% 3
West Midlands - 1 £450 -
Birmingham - 1 £450 -
Edinburgh - - - -
Scotland - - - -

FATCA
Top 30 Related IT Skills

For the 6 months to 24 November 2014, IT contractor jobs within the UK citing FATCA 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 FATCA.

1 52 (70.27%) Banking
2 39 (52.70%) Finance
3 32 (43.24%) Investment Banking
4 22 (29.73%) EMIR
5 21 (28.38%) Dodd-Frank
6 19 (25.68%) Business Analysis
7 12 (16.22%) Project Management
8 11 (14.86%) Change Management
9 10 (13.51%) Legal
10 9 (12.16%) Agile Software Development
10 9 (12.16%) Reference Data
10 9 (12.16%) COREP
10 9 (12.16%) FINREP
11 8 (10.81%) GAP Analysis
12 7 (9.46%) CIMA
12 7 (9.46%) Sarbanes-Oxley
12 7 (9.46%) ACCA
12 7 (9.46%) Analytical Skills
12 7 (9.46%) User Acceptance Testing
13 6 (8.11%) MiFID
13 6 (8.11%) Test Scripting
13 6 (8.11%) Requirements Analysis
13 6 (8.11%) MS Excel
13 6 (8.11%) Risk Management
13 6 (8.11%) Stakeholder Management
14 5 (6.76%) Retail
14 5 (6.76%) Management Information System
14 5 (6.76%) Microsoft
14 5 (6.76%) Test Management
14 5 (6.76%) QA

FATCA
Top Related IT Skills by Category

For the 6 months to 24 November 2014, IT contractor jobs within the UK citing FATCA 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 FATCA. Up to 20 skills are shown per category.

Applications
1 6 (8.11%) MS Excel
2 2 (2.70%) MS Visio
2 2 (2.70%) MS Office
3 1 (1.35%) MS PowerPoint
Communications & Networking
1 1 (1.35%) 2G
Database & Business Intelligence
1 3 (4.05%) Relational Database
Development Applications
1 1 (1.35%) Toad
General
1 52 (70.27%) Banking
2 39 (52.70%) Finance
3 32 (43.24%) Investment Banking
4 10 (13.51%) Legal
5 5 (6.76%) Retail
6 4 (5.41%) Front Office
6 4 (5.41%) Retail Banking
7 1 (1.35%) Corporate Banking
7 1 (1.35%) Private Banking
7 1 (1.35%) Financial Institution
7 1 (1.35%) Back Office
7 1 (1.35%) Manufacturing
7 1 (1.35%) Wholesale Banking
Job Titles
1 43 (58.11%) Analyst
2 40 (54.05%) Business Analyst
3 16 (21.62%) Project Manager
4 9 (12.16%) Banking Business Analyst
5 8 (10.81%) Senior Business Analyst
5 8 (10.81%) Senior Analyst
6 7 (9.46%) Investment Banking Business Analyst
7 6 (8.11%) Programme Manager
7 6 (8.11%) Test Manager
8 4 (5.41%) Technical Analyst
8 4 (5.41%) Operations Manager
8 4 (5.41%) Technical Business Analyst
9 3 (4.05%) Financial Business Analyst
9 3 (4.05%) Data Analyst
9 3 (4.05%) Senior Project Manager
9 3 (4.05%) Senior Manager
10 2 (2.70%) Architect
10 2 (2.70%) Business Architect
10 2 (2.70%) Technical Specialist
10 2 (2.70%) Lead Business Analyst
Libraries, Frameworks & Software Standards
1 1 (1.35%) XML
Miscellaneous
1 9 (12.16%) Reference Data
2 7 (9.46%) Analytical Skills
3 5 (6.76%) Management Information System
4 2 (2.70%) Derivative
4 2 (2.70%) Equity Derivative
5 1 (1.35%) Hedge funds
5 1 (1.35%) Mobile Banking
5 1 (1.35%) User Experience
Processes & Methodologies
1 19 (25.68%) Business Analysis
2 12 (16.22%) Project Management
3 11 (14.86%) Change Management
4 9 (12.16%) Agile Software Development
5 8 (10.81%) GAP Analysis
6 7 (9.46%) User Acceptance Testing
7 6 (8.11%) Requirements Analysis
7 6 (8.11%) Stakeholder Management
7 6 (8.11%) Risk Management
7 6 (8.11%) Test Scripting
8 5 (6.76%) Test Management
9 4 (5.41%) Programme Management
10 3 (4.05%) Project Planning
10 3 (4.05%) Data Architecture
10 3 (4.05%) Asset Management
10 3 (4.05%) Quality Management
11 2 (2.70%) PRINCE2
11 2 (2.70%) UML
11 2 (2.70%) Workflow
11 2 (2.70%) Migration
Programming Languages
1 3 (4.05%) Java
2 2 (2.70%) SQL
2 2 (2.70%) VB
3 1 (1.35%) VBA
3 1 (1.35%) C
Qualifications
1 7 (9.46%) ACCA
1 7 (9.46%) CIMA
2 1 (1.35%) PRINCE2 Certification
2 1 (1.35%) PMP
2 1 (1.35%) PMI Certification
Quality Assurance & Compliance
1 22 (29.73%) EMIR
2 21 (28.38%) Dodd-Frank
3 9 (12.16%) COREP
3 9 (12.16%) FINREP
4 7 (9.46%) Sarbanes-Oxley
5 6 (8.11%) MiFID
6 5 (6.76%) QA
7 2 (2.70%) Basel III
7 2 (2.70%) Solvency II
8 1 (1.35%) Data Quality
8 1 (1.35%) Basel II
8 1 (1.35%) CRD IV
8 1 (1.35%) AIFMD
Systems Management
1 2 (2.70%) HP Quality Center
Vendors
1 5 (6.76%) Microsoft
2 1 (1.35%) HP
2 1 (1.35%) Pega
Manchester, Lancashire
Rullion IT Plus
Posted: 4 days ago
Swindon, Wiltshire
Clarity Resourcing Ltd
Rate: £450 - £601 per day
Posted: 6 days ago
London
Real Staffing
Rate: £550 - £551600 per day + competitive
Posted: 10 days ago