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 30 September 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
30 Sep 2014
Same period 2013 Same period 2012
Foreign Account Tax Compliance Act (FATCA)
Rank 570 497 503
Rank change year-on-year
-73 +6
Contract jobs citing FATCA 34 90 96
As % of all contract IT jobs located in the UK 0.059% 0.17% 0.17%
As % of the Quality Assurance & Compliance category 0.77% 2.28% 2.14%
Number of daily rates quoted 25 83 74
Average daily rate
Keep up to 90%
of your Daily Rate
Get a Free Illustration
£550 £550 £541
Average daily rate % change year-on-year
- +1.61%
90% offered a daily rate of more than £485 £400 £372
10% offered a daily rate of more than £710 £670 £650
UK excluding London average daily rate £550 £475 £375
% change year-on-year
+15.78% +26.66%
Number of hourly rates quoted 0 0 1
Average hourly rate - - £24.00
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
4440 3949 4489
As % of all contract IT jobs located in the UK 7.65% 7.48% 7.77%
Number of daily rates quoted 2715 2340 2509
Average daily rate £400 £425 £420
Average daily rate % change year-on-year
-5.88% +1.19%
90% offered a daily rate of more than £225 £250 £232
10% offered a daily rate of more than £575 £600 £600
UK excluding London average daily rate £375 £350 £375
% change year-on-year
+7.14% -6.66%
Number of hourly rates quoted 220 147 242
Average hourly rate £20.00 £17.50 £19.40
Average hourly rate % change year-on-year
+14.28% -9.79%
90% offered a hourly rate of more than £12.00 £10.50 £10.78
10% offered a hourly rate of more than £45.00 £37.50 £41.80
UK excluding London average hourly rate £20.00 £17.50 £20.00
% change year-on-year
+14.28% -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 30 September 2014.

FATCA Daily Rate Histogram in the UK

FATCA
Top 5 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 30 September 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 -72 34 £550 - 12
London -36 27 £588 +6.81% 12
City of London +5 2 £600 +11.62% 4
Scotland - - - -
Edinburgh - - - -

FATCA
Top 30 Related IT Skills

For the 6 months to 30 September 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 45 (60.81%) Banking
2 40 (54.05%) Finance
3 22 (29.73%) Investment Banking
4 21 (28.38%) Business Analysis
5 17 (22.97%) EMIR
6 16 (21.62%) Dodd-Frank
7 12 (16.22%) Project Management
8 11 (14.86%) Stakeholder Management
9 10 (13.51%) GAP Analysis
9 10 (13.51%) COREP
9 10 (13.51%) FINREP
10 9 (12.16%) Requirements Analysis
11 8 (10.81%) CIMA
11 8 (10.81%) Change Management
11 8 (10.81%) Legal
11 8 (10.81%) Agile Software Development
11 8 (10.81%) Sarbanes-Oxley
11 8 (10.81%) ACCA
12 7 (9.46%) Asset Management
13 6 (8.11%) MiFID
14 5 (6.76%) Hedge funds
14 5 (6.76%) UML
15 4 (5.41%) Retail
15 4 (5.41%) Front Office
15 4 (5.41%) Basel III
15 4 (5.41%) User Acceptance Testing
15 4 (5.41%) Wealth Management
15 4 (5.41%) Retail Banking
15 4 (5.41%) Derivative
15 4 (5.41%) AIFMD

FATCA
Top Related IT Skills by Category

For the 6 months to 30 September 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 1 (1.35%) SAS
Applications
1 2 (2.70%) MS Excel
1 2 (2.70%) MS Visio
2 1 (1.35%) MS PowerPoint
2 1 (1.35%) MS Office
Communications & Networking
1 1 (1.35%) 2G
Database & Business Intelligence
1 1 (1.35%) Data Warehouse
Development Applications
1 1 (1.35%) Toad
General
1 45 (60.81%) Banking
2 40 (54.05%) Finance
3 22 (29.73%) Investment Banking
4 8 (10.81%) Legal
5 4 (5.41%) Front Office
5 4 (5.41%) Retail
5 4 (5.41%) Retail Banking
6 1 (1.35%) Corporate Banking
6 1 (1.35%) Financial Institution
6 1 (1.35%) Wholesale Banking
6 1 (1.35%) Back Office
6 1 (1.35%) Manufacturing
Job Titles
1 47 (63.51%) Analyst
2 44 (59.46%) Business Analyst
3 17 (22.97%) Project Manager
4 12 (16.22%) Senior Business Analyst
4 12 (16.22%) Senior Analyst
5 10 (13.51%) Banking Business Analyst
6 5 (6.76%) Financial Business Analyst
7 4 (5.41%) Programme Manager
8 3 (4.05%) Consultant
8 3 (4.05%) Senior Project Manager
8 3 (4.05%) Technical Analyst
8 3 (4.05%) Senior Manager
8 3 (4.05%) Technical Business Analyst
8 3 (4.05%) Investment Banking Business Analyst
9 2 (2.70%) Lead Business Analyst
9 2 (2.70%) Programme Test Manager
9 2 (2.70%) Technical Specialist
9 2 (2.70%) Data Analyst
9 2 (2.70%) Test Manager
10 1 (1.35%) Solutions Architect
Libraries, Frameworks & Software Standards
1 1 (1.35%) XML
Miscellaneous
1 5 (6.76%) Hedge funds
2 4 (5.41%) Derivative
2 4 (5.41%) Analytical Skills
3 3 (4.05%) Equity Derivative
4 2 (2.70%) Reference Data
4 2 (2.70%) Equities
5 1 (1.35%) Management Information System
5 1 (1.35%) Fixed Income
5 1 (1.35%) Data Integration
5 1 (1.35%) Mobile Banking
5 1 (1.35%) Mobile Payment
5 1 (1.35%) User Experience
Processes & Methodologies
1 21 (28.38%) Business Analysis
2 12 (16.22%) Project Management
3 11 (14.86%) Stakeholder Management
4 10 (13.51%) GAP Analysis
5 9 (12.16%) Requirements Analysis
6 8 (10.81%) Agile Software Development
6 8 (10.81%) Change Management
7 7 (9.46%) Asset Management
8 5 (6.76%) UML
9 4 (5.41%) Wealth Management
9 4 (5.41%) User Acceptance Testing
10 3 (4.05%) Investment Management
10 3 (4.05%) Scrum
10 3 (4.05%) Programme Management
10 3 (4.05%) Data Architecture
10 3 (4.05%) Business Transformation
10 3 (4.05%) User Stories
11 2 (2.70%) Test Planning
11 2 (2.70%) Risk Management
11 2 (2.70%) Workflow
Programming Languages
1 3 (4.05%) Java
2 2 (2.70%) SQL
2 2 (2.70%) VB
3 1 (1.35%) C
Qualifications
1 8 (10.81%) ACCA
1 8 (10.81%) CIMA
2 3 (4.05%) ISEB
3 1 (1.35%) PRINCE2 Certification
Quality Assurance & Compliance
1 17 (22.97%) EMIR
2 16 (21.62%) Dodd-Frank
3 10 (13.51%) COREP
3 10 (13.51%) FINREP
4 8 (10.81%) Sarbanes-Oxley
5 6 (8.11%) MiFID
6 4 (5.41%) Basel III
6 4 (5.41%) AIFMD
7 3 (4.05%) Solvency II
7 3 (4.05%) QA
8 1 (1.35%) Data Quality
Systems Management
1 2 (2.70%) HP Quality Center
Vendors
1 1 (1.35%) Oracle
1 1 (1.35%) HP
1 1 (1.35%) Pega
City of London
Real Staffing
Rate: £600 - £650 per day + competitive
Posted: 8 hours ago
City of London
Orgtel
Rate: £400 - £550 per annum + competitive
Posted: 13 days ago
London
Real Staffing
Rate: £700 per day + competitive
Posted: 14 days ago
City of London
Orgtel
Rate: £450 - £550 per day + competitive
Posted: 22 days ago