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 1 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
1 Sep 2014
Same period 2013 Same period 2012
Foreign Account Tax Compliance Act (FATCA)
Rank 570 492 497
Rank change year-on-year
-78 +5
Contract jobs citing FATCA 32 91 92
As % of all contract IT jobs located in the UK 0.057% 0.17% 0.16%
As % of the Quality Assurance & Compliance category 0.72% 2.32% 2.01%
Number of daily rates quoted 26 79 67
Average daily rate
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£550 £550 £505
Average daily rate % change year-on-year
- +8.91%
90% offered a daily rate of more than £425 £400 £365
10% offered a daily rate of more than £638 £675 £670
UK excluding London average daily rate £550 £600 £375
% change year-on-year
-8.33% +60.00%
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
4473 3923 4574
As % of all contract IT jobs located in the UK 7.91% 7.35% 7.90%
Number of daily rates quoted 2715 2315 2488
Average daily rate £410 £425 £425
Average daily rate % change year-on-year
-3.52% -
90% offered a daily rate of more than £225 £263 £244
10% offered a daily rate of more than £555 £625 £600
UK excluding London average daily rate £375 £355 £360
% change year-on-year
+5.63% -1.38%
Number of hourly rates quoted 201 162 250
Average hourly rate £19.50 £17.50 £20.00
Average hourly rate % change year-on-year
+11.42% -12.50%
90% offered a hourly rate of more than £12.00 £10.00 £11.00
10% offered a hourly rate of more than £45.00 £37.50 £41.00
UK excluding London average hourly rate £20.00 £17.50 £21.25
% change year-on-year
+14.28% -17.64%

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 September 2014.

FATCA Daily Rate Histogram in the UK

FATCA
Top 6 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 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 -71 32 £550 -2.22% 2
London -57 27 £550 - 2
City of London -4 6 £550 -4.34%
Leeds - - - -
West Yorkshire - - - -
Yorkshire - - - -

FATCA
Top 30 Related IT Skills

For the 6 months to 1 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 48 (60.00%) Banking
2 43 (53.75%) Finance
3 22 (27.50%) Investment Banking
3 22 (27.50%) EMIR
4 19 (23.75%) Dodd-Frank
5 18 (22.50%) Business Analysis
6 14 (17.50%) Project Management
7 12 (15.00%) Stakeholder Management
8 9 (11.25%) Change Management
8 9 (11.25%) GAP Analysis
9 8 (10.00%) Legal
9 8 (10.00%) Asset Management
9 8 (10.00%) Requirements Analysis
10 7 (8.75%) MiFID
10 7 (8.75%) COREP
10 7 (8.75%) FINREP
10 7 (8.75%) Front Office
11 6 (7.50%) CIMA
11 6 (7.50%) Sarbanes-Oxley
11 6 (7.50%) ACCA
11 6 (7.50%) Data Modelling
11 6 (7.50%) Wealth Management
11 6 (7.50%) Hedge funds
12 5 (6.25%) Basel III
12 5 (6.25%) Derivative
12 5 (6.25%) ISEB
12 5 (6.25%) Equities
13 4 (5.00%) Retail
13 4 (5.00%) SOA
13 4 (5.00%) ETL

FATCA
Top Related IT Skills by Category

For the 6 months to 1 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 4 (5.00%) SAS
Applications
1 2 (2.50%) MS PowerPoint
2 1 (1.25%) MS Office
2 1 (1.25%) MS Excel
2 1 (1.25%) MS Visio
Database & Business Intelligence
1 4 (5.00%) Data Warehouse
2 1 (1.25%) Oracle Database
General
1 48 (60.00%) Banking
2 43 (53.75%) Finance
3 22 (27.50%) Investment Banking
4 8 (10.00%) Legal
5 7 (8.75%) Front Office
6 4 (5.00%) Retail
7 3 (3.75%) Retail Banking
8 1 (1.25%) Corporate Banking
8 1 (1.25%) Back Office
8 1 (1.25%) Manufacturing
8 1 (1.25%) Financial Institution
Job Titles
1 49 (61.25%) Analyst
2 48 (60.00%) Business Analyst
3 17 (21.25%) Project Manager
4 12 (15.00%) Senior Business Analyst
4 12 (15.00%) Senior Analyst
5 11 (13.75%) Banking Business Analyst
6 7 (8.75%) Financial Business Analyst
7 5 (6.25%) Architect
8 4 (5.00%) Solutions Architect
9 3 (3.75%) Technical Analyst
9 3 (3.75%) Technical Business Analyst
9 3 (3.75%) Investment Banking Business Analyst
10 2 (2.50%) Lead Business Analyst
10 2 (2.50%) Senior Project Manager
10 2 (2.50%) Technical Specialist
10 2 (2.50%) Senior Manager
10 2 (2.50%) Programme Manager
10 2 (2.50%) Consultant
11 1 (1.25%) Data Architect
11 1 (1.25%) Test Manager
Miscellaneous
1 6 (7.50%) Hedge funds
2 5 (6.25%) Equities
2 5 (6.25%) Derivative
3 4 (5.00%) Equity Derivative
3 4 (5.00%) Data Integration
4 2 (2.50%) Reference Data
5 1 (1.25%) Mobile Payment
5 1 (1.25%) Foreign Exchange (FX)
5 1 (1.25%) Fixed Income
Processes & Methodologies
1 18 (22.50%) Business Analysis
2 14 (17.50%) Project Management
3 12 (15.00%) Stakeholder Management
4 9 (11.25%) Change Management
4 9 (11.25%) GAP Analysis
5 8 (10.00%) Requirements Analysis
5 8 (10.00%) Asset Management
6 6 (7.50%) Wealth Management
6 6 (7.50%) Data Modelling
7 4 (5.00%) SOA
7 4 (5.00%) ETL
7 4 (5.00%) Business Intelligence
7 4 (5.00%) UML
7 4 (5.00%) User Acceptance Testing
7 4 (5.00%) Data Architecture
8 3 (3.75%) Investment Management
8 3 (3.75%) Agile Software Development
8 3 (3.75%) Scrum
9 2 (2.50%) Programme Management
9 2 (2.50%) Migration
Programming Languages
1 3 (3.75%) Java
1 3 (3.75%) SQL
Qualifications
1 6 (7.50%) ACCA
1 6 (7.50%) CIMA
2 5 (6.25%) ISEB
3 2 (2.50%) PMP
3 2 (2.50%) PMI Certification
Quality Assurance & Compliance
1 22 (27.50%) EMIR
2 19 (23.75%) Dodd-Frank
3 7 (8.75%) COREP
3 7 (8.75%) FINREP
3 7 (8.75%) MiFID
4 6 (7.50%) Sarbanes-Oxley
5 5 (6.25%) Basel III
6 4 (5.00%) QA
6 4 (5.00%) AIFMD
7 1 (1.25%) Basel II
7 1 (1.25%) Solvency II
7 1 (1.25%) CRD IV
Vendors
1 3 (3.75%) Oracle