The first table below looks at the demand 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 1 August 2014 with a comparison to the same period in the previous 2 years. The second table is for comparison and provides aggregates for all of the Quality Assurance & Compliance 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
1 Aug 2014
Same period 2013 Same period 2012
Foreign Account Tax Compliance Act (FATCA)
Rank 560 491 500
Rank change year-on-year
-69 +9
Contract jobs citing FATCA 30 82 81
As % of all contract IT jobs located in the UK 0.055% 0.16% 0.14%
As % of the Quality Assurance & Compliance category 0.70% 2.12% 1.84%
Number of daily rates quoted 26 69 61
Average daily rate
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£550 £550 £450
Average daily rate % change year-on-year
- +22.22%
90% offered a daily rate of more than £425 £399 £338
10% offered a daily rate of more than £650 £675 £650
UK excluding London average daily rate £513 £290 £338
% change year-on-year
+76.89% -14.07%
Number of hourly rates quoted 0 0 1
Average hourly rate - - £24.00
UK excluding London average hourly rate - - -
Quality Assurance & Compliance Category
UK
Contract IT job ads with a match in the
Quality Assurance & Compliance category
4284 3871 4413
As % of all contract IT jobs located in the UK 7.84% 7.57% 7.64%
Number of daily rates quoted 2604 2310 2378
Average daily rate £400 £425 £425
Average daily rate % change year-on-year
-5.88% -
90% offered a daily rate of more than £225 £273 £243
10% offered a daily rate of more than £550 £600 £600
UK excluding London average daily rate £375 £350 £350
% change year-on-year
+7.14% -
Number of hourly rates quoted 197 145 247
Average hourly rate £20.00 £17.50 £19.00
Average hourly rate % change year-on-year
+14.28% -7.89%
90% offered a hourly rate of more than £12.50 £10.00 £11.00
10% offered a hourly rate of more than £42.55 £40.00 £39.10
UK excluding London average hourly rate £20.10 £17.50 £20.00
% change year-on-year
+14.87% -12.50%

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 1 August 2014.

FATCA Daily Rate Histogram in the UK

FATCA
Top 13 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 1 August 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 -54 30 £550 - 10
London -43 22 £550 -2.22% 9
City of London +8 7 £556 -7.29% 5
East Midlands 0 2 £425 -
Northamptonshire -1 2 £425 -
West Yorkshire - - - -
Yorkshire - - - -
South East - - - -
Kent - - - -
Edinburgh - - - -
Glasgow - - - -
Leeds - - - -
Scotland - - - -

FATCA
Top 30 Related IT Skills

For the 6 months to 1 August 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 48 (57.14%) Banking
2 45 (53.57%) Finance
3 24 (28.57%) EMIR
4 21 (25.00%) Dodd-Frank
5 19 (22.62%) Investment Banking
6 18 (21.43%) Business Analysis
7 17 (20.24%) Project Management
8 15 (17.86%) Stakeholder Management
9 9 (10.71%) Change Management
9 9 (10.71%) Front Office
10 8 (9.52%) GAP Analysis
10 8 (9.52%) Legal
10 8 (9.52%) Asset Management
11 7 (8.33%) Equities
11 7 (8.33%) Data Modelling
11 7 (8.33%) Requirements Analysis
12 6 (7.14%) MiFID
12 6 (7.14%) Derivative
12 6 (7.14%) Wealth Management
12 6 (7.14%) Hedge funds
12 6 (7.14%) ISEB
13 5 (5.95%) ACCA
13 5 (5.95%) Sarbanes-Oxley
13 5 (5.95%) Business Intelligence
13 5 (5.95%) SQL
13 5 (5.95%) Oracle
13 5 (5.95%) Data Warehouse
13 5 (5.95%) CIMA
13 5 (5.95%) Equity Derivative
13 5 (5.95%) COREP

FATCA
Top Related IT Skills by Category

For the 6 months to 1 August 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.

Application Platforms
1 4 (4.76%) SAS
2 1 (1.19%) SharePoint
Applications
1 3 (3.57%) MS Visio
1 3 (3.57%) MS PowerPoint
2 1 (1.19%) MS Excel
2 1 (1.19%) MS Office
Database & Business Intelligence
1 5 (5.95%) Data Warehouse
2 2 (2.38%) Oracle Database
General
1 48 (57.14%) Banking
2 45 (53.57%) Finance
3 19 (22.62%) Investment Banking
4 9 (10.71%) Front Office
5 8 (9.52%) Legal
6 4 (4.76%) Retail
7 3 (3.57%) Retail Banking
8 1 (1.19%) Manufacturing
8 1 (1.19%) Publishing
8 1 (1.19%) Back Office
8 1 (1.19%) Corporate Banking
Job Titles
1 49 (58.33%) Business Analyst
1 49 (58.33%) Analyst
2 18 (21.43%) Project Manager
3 12 (14.29%) Senior Analyst
3 12 (14.29%) Senior Business Analyst
4 9 (10.71%) Banking Business Analyst
5 7 (8.33%) Financial Business Analyst
6 6 (7.14%) Architect
7 4 (4.76%) Solutions Architect
8 3 (3.57%) Programme Manager
8 3 (3.57%) Senior Project Manager
8 3 (3.57%) Technical Analyst
8 3 (3.57%) Senior Manager
8 3 (3.57%) Technical Business Analyst
9 2 (2.38%) Investment Banking Business Analyst
9 2 (2.38%) PMO Manager
9 2 (2.38%) Technical Specialist
9 2 (2.38%) Test Manager
9 2 (2.38%) Consultant
9 2 (2.38%) Data Architect
Miscellaneous
1 7 (8.33%) Equities
2 6 (7.14%) Derivative
2 6 (7.14%) Hedge funds
3 5 (5.95%) Equity Derivative
4 4 (4.76%) Data Integration
5 2 (2.38%) Reference Data
6 1 (1.19%) Foreign Exchange (FX)
6 1 (1.19%) Fixed Income
6 1 (1.19%) Mobile Payment
Processes & Methodologies
1 18 (21.43%) Business Analysis
2 17 (20.24%) Project Management
3 15 (17.86%) Stakeholder Management
4 9 (10.71%) Change Management
5 8 (9.52%) GAP Analysis
5 8 (9.52%) Asset Management
6 7 (8.33%) Data Modelling
6 7 (8.33%) Requirements Analysis
7 6 (7.14%) Wealth Management
8 5 (5.95%) Business Intelligence
9 4 (4.76%) Data Architecture
9 4 (4.76%) Investment Management
9 4 (4.76%) UML
9 4 (4.76%) SOA
9 4 (4.76%) ETL
10 3 (3.57%) Agile Software Development
10 3 (3.57%) Programme Management
10 3 (3.57%) Scrum
10 3 (3.57%) User Acceptance Testing
11 2 (2.38%) Business Development
Programming Languages
1 5 (5.95%) SQL
2 3 (3.57%) Java
Qualifications
1 6 (7.14%) ISEB
2 5 (5.95%) ACCA
2 5 (5.95%) CIMA
3 3 (3.57%) PMP
3 3 (3.57%) PMI Certification
Quality Assurance & Compliance
1 24 (28.57%) EMIR
2 21 (25.00%) Dodd-Frank
3 6 (7.14%) MiFID
4 5 (5.95%) Sarbanes-Oxley
4 5 (5.95%) COREP
4 5 (5.95%) FINREP
5 4 (4.76%) QA
6 3 (3.57%) AIFMD
6 3 (3.57%) Basel III
7 1 (1.19%) Basel II
7 1 (1.19%) Solvency II
7 1 (1.19%) CRD IV
Vendors
1 5 (5.95%) Oracle
Swindon, Wiltshire
Clarity Resourcing Ltd
Rate: £450 - £601 per day
Posted: Yesterday
City, London
Aston Carter
Rate: £500 - £550 per day
Posted: 6 days ago
City of London
Orgtel
Rate: £400 - £550 per annum + competitive
Posted: 10 days ago
London
Interquest - ITQ Financial - Tunbridge Wells
Rate: £550 - £600 per day
Posted: 13 days ago