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 24 July 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
24 Jul 2016
Same period 2015 Same period 2014
Foreign Account Tax Compliance Act (FATCA)
Rank 604 592 573
Rank change year-on-year
-12 -19
Contract jobs citing FATCA 39 54 30
As % of all contract IT jobs located in the UK 0.072% 0.095% 0.056%
As % of the Quality Assurance & Compliance category 0.76% 1.00% 0.60%
Number of daily rates quoted 31 41 25
Median daily rate £525 £450 £526
Median daily rate % change year-on-year
+16.66% -14.36%
90% offered a daily rate of more than £375 £351 £414
10% offered a daily rate of more than £625 £649 £650
UK excluding London median daily rate £525 £450 £501
% change year-on-year
+16.66% -10.08%
Number of hourly rates quoted 0 0 0
Median hourly rate - - -
UK excluding London median 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
5136 5396 5004
As % of all contract IT jobs located in the UK 9.49% 9.48% 9.42%
Number of daily rates quoted 3266 3504 3053
Median daily rate £425 £425 £405
Median daily rate % change year-on-year
- +4.93%
90% offered a daily rate of more than £243 £250 £240
10% offered a daily rate of more than £576 £600 £550
UK excluding London median daily rate £400 £399 £375
% change year-on-year
+0.19% +6.45%
Number of hourly rates quoted 200 196 204
Median hourly rate £27.60 £21.67 £20.00
Median hourly rate % change year-on-year
+27.39% +8.32%
90% offered a hourly rate of more than £10.22 £12.50 £12.50
10% offered a hourly rate of more than £47.50 £55.50 £43.00
UK excluding London median hourly rate £28.00 £22.50 £20.17
% change year-on-year
+24.44% +11.57%

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 24 July 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 9 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 24 July 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 -25 38 £513 +7.89% 4
London 0 28 £513 -1.44% 4
South East +4 8 £538 +5.39%
Kent - 8 £538 -
City of London +51 6 £438 -15.86% 3
Sheffield - 2 £400 -
South Yorkshire - 2 £400 -
Yorkshire - 2 £400 -
Tonbridge - 1 £525 -

FATCA
Top 30 Related IT Skills

For the 6 months to 24 July 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 (61.80%) Finance
2 53 (59.55%) Banking
3 31 (34.83%) Stakeholder Management
4 24 (26.97%) MiFID
5 19 (21.35%) Project Management
5 19 (21.35%) Business Analysis
5 19 (21.35%) Agile Software Development
6 17 (19.10%) Investment Banking
6 17 (19.10%) Degree
6 17 (19.10%) KYC
7 16 (17.98%) EMIR
8 15 (16.85%) Anti-Money Laundering
9 14 (15.73%) Target Operating Model
10 12 (13.48%) Dodd-Frank
10 12 (13.48%) Stakeholder Engagement
10 12 (13.48%) Business Intelligence
11 11 (12.36%) SQL
12 10 (11.24%) Retail
13 9 (10.11%) Cash Management
13 9 (10.11%) Analytical Skills
13 9 (10.11%) Billing
14 8 (8.99%) Scrum
14 8 (8.99%) Data Protection
15 7 (7.87%) Investment Management
15 7 (7.87%) Data Analysis
15 7 (7.87%) JIRA
16 6 (6.74%) Asset Management
16 6 (6.74%) Data Modelling
16 6 (6.74%) PRINCE2
16 6 (6.74%) Unix

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 1 (1.12%) SharePoint
1 1 (1.12%) WebSphere
Applications
1 5 (5.62%) MS Excel
1 5 (5.62%) MS PowerPoint
2 3 (3.37%) MS Project
3 2 (2.25%) MS Office
3 2 (2.25%) MS Visio
Business Applications
1 5 (5.62%) Summit
Communications & Networking
1 1 (1.12%) HTTPS
Database & Business Intelligence
1 2 (2.25%) Big Data
1 2 (2.25%) Data Warehouse
1 2 (2.25%) Relational Database
2 1 (1.12%) OLTP
Development Applications
1 7 (7.87%) JIRA
2 4 (4.49%) Jenkins
3 3 (3.37%) Maven
4 2 (2.25%) Selenium
4 2 (2.25%) Sonatype Nexus
4 2 (2.25%) TeamCity
5 1 (1.12%) Git (software)
5 1 (1.12%) JUnit
5 1 (1.12%) Mockito
5 1 (1.12%) Spock
General
1 55 (61.80%) Finance
2 53 (59.55%) Banking
3 17 (19.10%) Investment Banking
4 10 (11.24%) Retail
5 9 (10.11%) Billing
6 4 (4.49%) Financial Institution
6 4 (4.49%) Legal
7 3 (3.37%) Front Office
7 3 (3.37%) Retail Banking
8 1 (1.12%) Back Office
8 1 (1.12%) Marketing
Job Titles
1 48 (53.93%) Analyst
2 42 (47.19%) Business Analyst
3 24 (26.97%) Project Manager
4 12 (13.48%) Banking Analyst
4 12 (13.48%) Banking Business Analyst
5 11 (12.36%) Financial Analyst
5 11 (12.36%) Service Analyst
6 10 (11.24%) Finance Business Analyst
6 10 (11.24%) Financial Business Analyst
6 10 (11.24%) Financial Services Business Analyst
7 6 (6.74%) IT Analyst
8 5 (5.62%) Business IT Analyst
8 5 (5.62%) IT Business Analyst
8 5 (5.62%) Senior Manager
8 5 (5.62%) Senior Project Manager
9 4 (4.49%) Architect
9 4 (4.49%) Developer
9 4 (4.49%) IT Manager
9 4 (4.49%) Senior Analyst
9 4 (4.49%) Senior Business Analyst
Libraries, Frameworks & Software Standards
1 5 (5.62%) jQuery
1 5 (5.62%) Spring
1 5 (5.62%) Spring Integration
1 5 (5.62%) Spring MVC
2 4 (4.49%) Swing
3 3 (3.37%) AngularJS
3 3 (3.37%) Node.js
3 3 (3.37%) Velocity
4 2 (2.25%) CSS
4 2 (2.25%) CSS3
4 2 (2.25%) HTML
4 2 (2.25%) HTML5
5 1 (1.12%) JDBC
5 1 (1.12%) JSP
5 1 (1.12%) Servlets
5 1 (1.12%) SOAP
5 1 (1.12%) Web Services
5 1 (1.12%) XML
5 1 (1.12%) XSD
5 1 (1.12%) XSLT
Miscellaneous
1 9 (10.11%) Analytical Skills
2 3 (3.37%) Derivative
2 3 (3.37%) Minimum Viable Product
3 2 (2.25%) Equities
3 2 (2.25%) Foreign Exchange (FX)
3 2 (2.25%) Market Risk
4 1 (1.12%) Computer Science
4 1 (1.12%) Equity Derivative
4 1 (1.12%) Fixed Income
4 1 (1.12%) Management Information System
4 1 (1.12%) OTC Derivatives
4 1 (1.12%) Reference Data
4 1 (1.12%) User Experience
Operating Systems
1 6 (6.74%) Unix
2 1 (1.12%) Linux
Processes & Methodologies
1 31 (34.83%) Stakeholder Management
2 19 (21.35%) Agile Software Development
2 19 (21.35%) Business Analysis
2 19 (21.35%) Project Management
3 17 (19.10%) KYC
4 15 (16.85%) Anti-Money Laundering
5 14 (15.73%) Target Operating Model
6 12 (13.48%) Business Intelligence
6 12 (13.48%) Stakeholder Engagement
7 9 (10.11%) Cash Management
8 8 (8.99%) Data Protection
8 8 (8.99%) Scrum
9 7 (7.87%) Data Analysis
9 7 (7.87%) Investment Management
10 6 (6.74%) Asset Management
10 6 (6.74%) Data Modelling
10 6 (6.74%) PRINCE2
11 5 (5.62%) Change Management
11 5 (5.62%) MVC
11 5 (5.62%) Risk Management
Programming Languages
1 11 (12.36%) SQL
2 5 (5.62%) Java
3 3 (3.37%) JavaScript
4 1 (1.12%) Korn
4 1 (1.12%) PL/SQL
4 1 (1.12%) Shell Script
4 1 (1.12%) VBA
4 1 (1.12%) XPath
Qualifications
1 17 (19.10%) Degree
2 2 (2.25%) PRINCE2 Certification
3 1 (1.12%) IIBA
Quality Assurance & Compliance
1 24 (26.97%) MiFID
2 16 (17.98%) EMIR
3 12 (13.48%) Dodd-Frank
4 5 (5.62%) UCITS
5 4 (4.49%) QA
6 1 (1.12%) AIFMD
Systems Management
1 4 (4.49%) HP Quality Center
Vendors
1 5 (5.62%) Calypso
1 5 (5.62%) IBM
1 5 (5.62%) Oracle
2 4 (4.49%) Informatica
2 4 (4.49%) Teradata
3 3 (3.37%) Microsoft
4 2 (2.25%) Black Duck
4 2 (2.25%) LexisNexis
5 1 (1.12%) Avaloq
5 1 (1.12%) Charles River
5 1 (1.12%) FNZ
5 1 (1.12%) MuleSoft
5 1 (1.12%) Solace