The table below looks at the statistics for FATCA skills in IT contracts advertised across the UK. Included is a guide to the contractor rates offered in IT contracts that have cited FATCA over the 3 months to 25 August 2016 with a comparison to the same period over 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.

3 months to
25 Aug 2016
Same period 2015 Same period 2014
Foreign Account Tax Compliance Act (FATCA)
Rank 620 622 603
Rank change year-on-year
+2 -19
Contract jobs citing FATCA 30 33 32
As % of all contract IT jobs located in the UK 0.055% 0.056% 0.057%
As % of the Quality Assurance & Compliance category 0.59% 0.60% 0.60%
Number of daily rates quoted 24 23 27
Median daily rate £525 £520 £550
Median daily rate % change year-on-year
+0.96% -5.45%
90% offered a daily rate of more than £339 £332 £425
10% offered a daily rate of more than £625 £638 £635
UK excluding London median daily rate £400 £425 £550
% change year-on-year
-5.88% -22.72%
Number of hourly rates quoted 0 1 0
Median hourly rate - £17.00 -
UK excluding London median hourly rate - £17.00 -

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
5050 5505 5371
As % of all contract IT jobs located in the UK 9.31% 9.42% 9.53%
Number of daily rates quoted 3254 3471 3315
Median daily rate £425 £425 £410
Median daily rate % change year-on-year
- +3.65%
90% offered a daily rate of more than £250 £260 £230
10% offered a daily rate of more than £575 £600 £562
UK excluding London median daily rate £400 £400 £380
% change year-on-year
-0.06% +5.32%
Number of hourly rates quoted 195 217 217
Median hourly rate £28.00 £24.75 £19.50
Median hourly rate % change year-on-year
+13.13% +26.92%
90% offered a hourly rate of more than £10.50 £12.00 £12.00
10% offered a hourly rate of more than £47.00 £60.69 £43.00
UK excluding London median hourly rate £28.15 £25.41 £20.00
% change year-on-year
+10.80% +27.02%

FATCA
Jobs Demand Trend

The demand trend of contract jobs citing FATCA as a proportion of all IT contracts with a match in 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 25 August 2016.

FATCA Daily Rate Histogram in the UK

FATCA
Hourly Rate Trend

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

FATCA Hourly Rate Trend in the UK

FATCA
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 FATCA within the UK over the 3 months to 25 August 2016. 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 see detailed
statistics and trends)
Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Median
Daily Rate
Last 3 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Job
Vacancies
England -9 29 £525 -1.86% 3
London -11 27 £525 -6.66% 3
City of London +41 5 £490 +29.37% 2
Yorkshire +5 2 £400 +34.68%
Sheffield - 2 £400 -
South Yorkshire - 2 £400 -

FATCA
Top 30 Related IT Skills

For the 6 months to 25 August 2016, IT contractor jobs citing FATCA also mentioned the following skills in order of popularity. The figures indicate the number co-occurrences and its proportion to all contract ads with a requirement for FATCA.

1 55 (67.90%) Finance
2 44 (54.32%) Banking
3 27 (33.33%) Stakeholder Management
4 25 (30.86%) Agile Software Development
5 23 (28.40%) MiFID
6 22 (27.16%) Degree
7 18 (22.22%) Project Management
8 14 (17.28%) SQL
8 14 (17.28%) EMIR
8 14 (17.28%) Target Operating Model
9 13 (16.05%) KYC
10 12 (14.81%) Dodd-Frank
10 12 (14.81%) Business Analysis
10 12 (14.81%) Scrum
11 11 (13.58%) Stakeholder Engagement
11 11 (13.58%) Regulatory Compliance
12 10 (12.35%) Anti-Money Laundering
12 10 (12.35%) Investment Banking
12 10 (12.35%) JIRA
13 9 (11.11%) Retail
13 9 (11.11%) Unix
14 8 (9.88%) Business Intelligence
14 8 (9.88%) Java
14 8 (9.88%) Oracle
14 8 (9.88%) MVC
14 8 (9.88%) Spring
14 8 (9.88%) Spring MVC
14 8 (9.88%) jQuery
14 8 (9.88%) Analytical Skills
14 8 (9.88%) Spring Integration

FATCA
Top Related IT Skills by Category

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

Application Platforms
1 4 (4.94%) WebSphere
2 1 (1.23%) SharePoint
Applications
1 6 (7.41%) MS PowerPoint
2 4 (4.94%) MS Excel
3 3 (3.70%) MS Project
3 3 (3.70%) MS Visio
4 2 (2.47%) MS Office
Business Applications
1 5 (6.17%) Summit
Communications & Networking
1 1 (1.23%) HTTPS
Database & Business Intelligence
1 3 (3.70%) Relational Database
2 2 (2.47%) Big Data
2 2 (2.47%) Data Warehouse
3 1 (1.23%) OLTP
Development Applications
1 10 (12.35%) JIRA
2 7 (8.64%) Jenkins
3 6 (7.41%) Maven
4 5 (6.17%) TeamCity
5 4 (4.94%) Git (software)
5 4 (4.94%) JUnit
5 4 (4.94%) Mockito
5 4 (4.94%) Spock
6 2 (2.47%) Selenium
6 2 (2.47%) Sonatype Nexus
General
1 55 (67.90%) Finance
2 44 (54.32%) Banking
3 10 (12.35%) Investment Banking
4 9 (11.11%) Retail
5 5 (6.17%) Billing
6 4 (4.94%) Financial Institution
6 4 (4.94%) Legal
7 3 (3.70%) Front Office
8 2 (2.47%) Marketing
8 2 (2.47%) Retail Banking
Job Titles
1 39 (48.15%) Analyst
2 35 (43.21%) Business Analyst
3 22 (27.16%) Project Manager
4 8 (9.88%) Banking Analyst
4 8 (9.88%) Banking Business Analyst
5 7 (8.64%) Developer
5 7 (8.64%) Financial Analyst
5 7 (8.64%) IT Analyst
5 7 (8.64%) Service Analyst
6 6 (7.41%) Business IT Analyst
6 6 (7.41%) Finance Business Analyst
6 6 (7.41%) Financial Business Analyst
6 6 (7.41%) Financial Services Business Analyst
6 6 (7.41%) IT Business Analyst
7 5 (6.17%) Regulatory Business Analyst
7 5 (6.17%) Senior Developer
7 5 (6.17%) Senior Manager
7 5 (6.17%) Senior Project Manager
8 4 (4.94%) Architect
8 4 (4.94%) IT Manager
Libraries, Frameworks & Software Standards
1 8 (9.88%) jQuery
1 8 (9.88%) Spring
1 8 (9.88%) Spring Integration
1 8 (9.88%) Spring MVC
2 7 (8.64%) Swing
3 6 (7.41%) AngularJS
3 6 (7.41%) Node.js
4 5 (6.17%) CSS
4 5 (6.17%) CSS3
4 5 (6.17%) HTML
4 5 (6.17%) HTML5
5 4 (4.94%) J2EE
5 4 (4.94%) JDBC
5 4 (4.94%) JSP
5 4 (4.94%) Servlets
5 4 (4.94%) SOAP
5 4 (4.94%) Web Services
5 4 (4.94%) XML
5 4 (4.94%) XSD
5 4 (4.94%) XSLT
Miscellaneous
1 8 (9.88%) Analytical Skills
2 4 (4.94%) Minimum Viable Product
2 4 (4.94%) User Experience
3 2 (2.47%) Foreign Exchange (FX)
3 2 (2.47%) Market Risk
3 2 (2.47%) Reference Data
4 1 (1.23%) Computer Science
4 1 (1.23%) Derivative
4 1 (1.23%) Management Information System
4 1 (1.23%) OTC Derivatives
Operating Systems
1 9 (11.11%) Unix
2 4 (4.94%) Linux
Processes & Methodologies
1 27 (33.33%) Stakeholder Management
2 25 (30.86%) Agile Software Development
3 18 (22.22%) Project Management
4 14 (17.28%) Target Operating Model
5 13 (16.05%) KYC
6 12 (14.81%) Business Analysis
6 12 (14.81%) Scrum
7 11 (13.58%) Regulatory Compliance
7 11 (13.58%) Stakeholder Engagement
8 10 (12.35%) Anti-Money Laundering
9 8 (9.88%) Business Intelligence
9 8 (9.88%) Data Protection
9 8 (9.88%) MVC
10 7 (8.64%) Asset Management
11 6 (7.41%) BDD
11 6 (7.41%) Investment Management
11 6 (7.41%) PRINCE2
12 5 (6.17%) Cash Management
12 5 (6.17%) Data Modelling
12 5 (6.17%) Risk Management
Programming Languages
1 14 (17.28%) SQL
2 8 (9.88%) Java
3 6 (7.41%) JavaScript
4 4 (4.94%) Korn
4 4 (4.94%) PL/SQL
4 4 (4.94%) Shell Script
4 4 (4.94%) XPath
Qualifications
1 22 (27.16%) Degree
2 2 (2.47%) PRINCE2 Certification
3 1 (1.23%) IIBA
Quality Assurance & Compliance
1 23 (28.40%) MiFID
2 14 (17.28%) EMIR
3 12 (14.81%) Dodd-Frank
4 7 (8.64%) UCITS
5 5 (6.17%) QA
6 2 (2.47%) AIFMD
Systems Management
1 4 (4.94%) HP Quality Center
Vendors
1 8 (9.88%) Oracle
2 5 (6.17%) Calypso
2 5 (6.17%) IBM
3 4 (4.94%) Informatica
3 4 (4.94%) Solace
3 4 (4.94%) Teradata
4 3 (3.70%) Microsoft
5 2 (2.47%) Black Duck
6 1 (1.23%) Avaloq
6 1 (1.23%) Charles River
6 1 (1.23%) FNZ
6 1 (1.23%) MuleSoft
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