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 27 February 2015 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
27 Feb 2015
Same period 2014 Same period 2013
Foreign Account Tax Compliance Act (FATCA)
Rank 505 505 494
Rank change year-on-year
0 -11
Contract jobs citing FATCA 71 61 43
As % of all contract IT jobs located in the UK 0.14% 0.12% 0.096%
As % of the Quality Assurance & Compliance category 1.73% 1.55% 1.31%
Number of daily rates quoted 50 43 35
Average daily rate
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£550 £525 £550
Average daily rate % change year-on-year
+4.76% -4.54%
90% offered a daily rate of more than £400 £375 £339
10% offered a daily rate of more than £700 £645 £725
UK excluding London average daily rate £500 £414 £331
% change year-on-year
+20.84% +24.90%
Number of hourly rates quoted 0 0 0
Average hourly rate - - -
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
4108 3942 3275
As % of all contract IT jobs located in the UK 7.83% 7.84% 7.30%
Number of daily rates quoted 2409 2316 1845
Average daily rate £400 £400 £400
90% offered a daily rate of more than £225 £243 £225
10% offered a daily rate of more than £588 £600 £600
UK excluding London average daily rate £380 £368 £330
% change year-on-year
+3.40% +11.36%
Number of hourly rates quoted 139 142 203
Average hourly rate £19.00 £16.00 £21.90
Average hourly rate % change year-on-year
+18.75% -26.92%
90% offered a hourly rate of more than £11.00 £10.80 £10.50
10% offered a hourly rate of more than £49.50 £44.16 £47.75
UK excluding London average hourly rate £18.50 £16.00 £20.00
% change year-on-year
+15.62% -20.00%

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 27 February 2015.

FATCA Daily Rate Histogram in the UK

FATCA
Top 10 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 27 February 2015. 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 -9 64 £550 +4.76% 11
London +7 54 £550 -4.34% 10
City of London +21 10 £475 -13.63% 2
Scotland -2 6 £494 +18.97% 1
Edinburgh -3 5 £494 +18.97% 1
Birmingham - 4 - -
West Midlands - 4 - -
North West - 1 - -
Manchester - 1 - -
Docklands, London - - - - 1

FATCA
Top 30 Related IT Skills

For the 6 months to 27 February 2015, 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 81 (70.43%) Banking
2 49 (42.61%) Finance
3 40 (34.78%) Investment Banking
4 36 (31.30%) EMIR
5 33 (28.70%) Dodd-Frank
6 21 (18.26%) Business Analysis
7 18 (15.65%) Agile Software Development
8 15 (13.04%) Project Management
9 14 (12.17%) Stakeholder Management
9 14 (12.17%) Change Management
10 13 (11.30%) Retail
11 12 (10.43%) Reference Data
12 11 (9.57%) GAP Analysis
13 9 (7.83%) Data Analysis
13 9 (7.83%) COREP
13 9 (7.83%) FINREP
14 8 (6.96%) MiFID
14 8 (6.96%) CIMA
14 8 (6.96%) Legal
14 8 (6.96%) Sarbanes-Oxley
14 8 (6.96%) ACCA
15 7 (6.09%) Management Information System
15 7 (6.09%) Asset Management
16 6 (5.22%) ISTQB
16 6 (5.22%) Requirements Analysis
16 6 (5.22%) User Acceptance Testing
16 6 (5.22%) Retail Banking
16 6 (5.22%) SQL
16 6 (5.22%) MS Excel
16 6 (5.22%) Analytical Skills

FATCA
Top Related IT Skills by Category

For the 6 months to 27 February 2015, 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 (0.87%) SharePoint
Applications
1 6 (5.22%) MS Excel
2 2 (1.74%) MS Office
3 1 (0.87%) MS Visio
3 1 (0.87%) MS PowerPoint
Business Applications
1 3 (2.61%) Summit
Communications & Networking
1 1 (0.87%) Intranet
1 1 (0.87%) Internet
1 1 (0.87%) 2G
Database & Business Intelligence
1 3 (2.61%) Relational Database
2 2 (1.74%) SQL Server
2 2 (1.74%) Data Warehouse
3 1 (0.87%) SQL Server Reporting Services
3 1 (0.87%) SQL Server Integration Services
3 1 (0.87%) SQL Server Analysis Services
3 1 (0.87%) Oracle Reports
Development Applications
1 4 (3.48%) JIRA
2 2 (1.74%) ERwin
3 1 (0.87%) Toad
General
1 81 (70.43%) Banking
2 49 (42.61%) Finance
3 40 (34.78%) Investment Banking
4 13 (11.30%) Retail
5 8 (6.96%) Legal
6 6 (5.22%) Retail Banking
7 4 (3.48%) Front Office
8 2 (1.74%) Private Banking
8 2 (1.74%) Financial Institution
9 1 (0.87%) Back Office
9 1 (0.87%) Publishing
9 1 (0.87%) Wholesale Banking
Job Titles
1 60 (52.17%) Analyst
2 53 (46.09%) Business Analyst
3 30 (26.09%) Project Manager
4 12 (10.43%) Banking Business Analyst
5 7 (6.09%) Investment Banking Business Analyst
5 7 (6.09%) Programme Manager
6 6 (5.22%) Senior Business Analyst
6 6 (5.22%) Senior Analyst
6 6 (5.22%) Test Leader
7 5 (4.35%) Architect
7 5 (4.35%) Test Manager
8 4 (3.48%) Operations Manager
8 4 (3.48%) Data Analyst
9 3 (2.61%) Senior Project Manager
9 3 (2.61%) Project Analyst
9 3 (2.61%) Senior Manager
9 3 (2.61%) Data Architect
9 3 (2.61%) Test Analyst
10 2 (1.74%) Report Analyst
10 2 (1.74%) Business Architect
Libraries, Frameworks & Software Standards
1 1 (0.87%) XML
Miscellaneous
1 12 (10.43%) Reference Data
2 7 (6.09%) Management Information System
3 6 (5.22%) Analytical Skills
4 4 (3.48%) Equities
4 4 (3.48%) Data Integration
5 2 (1.74%) Mobile Banking
5 2 (1.74%) Derivative
5 2 (1.74%) Foreign Exchange (FX)
6 1 (0.87%) Credit Risk
6 1 (0.87%) User Experience
6 1 (0.87%) Hedge funds
Operating Systems
1 2 (1.74%) UNIX
2 1 (0.87%) Windows
Processes & Methodologies
1 21 (18.26%) Business Analysis
2 18 (15.65%) Agile Software Development
3 15 (13.04%) Project Management
4 14 (12.17%) Stakeholder Management
4 14 (12.17%) Change Management
5 11 (9.57%) GAP Analysis
6 9 (7.83%) Data Analysis
7 7 (6.09%) Asset Management
8 6 (5.22%) Requirements Analysis
8 6 (5.22%) User Acceptance Testing
9 5 (4.35%) Test Management
9 5 (4.35%) Programme Management
10 4 (3.48%) Test Scripting
10 4 (3.48%) Data Management
10 4 (3.48%) Information Management
10 4 (3.48%) Risk Management
10 4 (3.48%) PRINCE2
10 4 (3.48%) Data Modelling
11 3 (2.61%) ETL
11 3 (2.61%) Workflow
Programming Languages
1 6 (5.22%) SQL
2 2 (1.74%) VB
2 2 (1.74%) C
3 1 (0.87%) VBA
Qualifications
1 8 (6.96%) ACCA
1 8 (6.96%) CIMA
2 6 (5.22%) ISTQB
2 6 (5.22%) ISTQB Foundation Certification
3 3 (2.61%) PRINCE2 Certification
4 1 (0.87%) PMP
4 1 (0.87%) PMI Certification
4 1 (0.87%) ISEB
4 1 (0.87%) CCA
4 1 (0.87%) Degree
Quality Assurance & Compliance
1 36 (31.30%) EMIR
2 33 (28.70%) Dodd-Frank
3 9 (7.83%) COREP
3 9 (7.83%) FINREP
4 8 (6.96%) Sarbanes-Oxley
4 8 (6.96%) MiFID
5 3 (2.61%) QA
6 2 (1.74%) Basel II
6 2 (1.74%) Solvency II
7 1 (0.87%) Data Quality
7 1 (0.87%) CRD IV
7 1 (0.87%) Basel III
7 1 (0.87%) AIFMD
Systems Management
1 5 (4.35%) HP Quality Center
Vendors
1 5 (4.35%) Microsoft
2 4 (3.48%) IBM
3 3 (2.61%) Calypso
4 2 (1.74%) Oracle
4 2 (1.74%) Pega
5 1 (0.87%) HP
5 1 (0.87%) Avaloq
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