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 1 May 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
1 May 2016
Same period 2015 Same period 2014
Foreign Account Tax Compliance Act (FATCA)
Rank 615 561 566
Rank change year-on-year
-54 +5
Contract jobs citing FATCA 49 86 56
As % of all contract IT jobs located in the UK 0.088% 0.15% 0.10%
As % of the Quality Assurance & Compliance category 0.99% 1.67% 1.12%
Number of daily rates quoted 34 60 39
Median daily rate £400 £563 £525
Median daily rate % change year-on-year
-28.88% +7.14%
90% offered a daily rate of more than £313 £342 £396
10% offered a daily rate of more than £668 £700 £603
UK excluding London median daily rate £297 £400 £400
% change year-on-year
-25.75% -
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
4953 5142 4995
As % of all contract IT jobs located in the UK 8.86% 9.06% 9.14%
Number of daily rates quoted 3145 3148 3033
Median daily rate £425 £405 £401
Median daily rate % change year-on-year
+4.93% +1.12%
90% offered a daily rate of more than £260 £250 £246
10% offered a daily rate of more than £600 £600 £600
UK excluding London median daily rate £400 £388 £370
% change year-on-year
+3.22% +4.72%
Number of hourly rates quoted 189 166 222
Median hourly rate £25.50 £25.50 £21.00
Median hourly rate % change year-on-year
- +21.42%
90% offered a hourly rate of more than £12.50 £12.00 £11.00
10% offered a hourly rate of more than £52.90 £47.33 £43.00
UK excluding London median hourly rate £33.00 £29.00 £21.00
% change year-on-year
+13.79% +38.09%

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 1 May 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 20 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 1 May 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 -30 49 £400 -30.43% 2
London -40 41 £400 -33.33% 2
City of London +38 10 £375 -34.78%
Yorkshire +3 3 £255 -46.31%
North West -12 2 £269 -29.85%
South East - 2 £338 -
East Sussex - 2 £338 -
Canary Wharf - 2 £594 -
Brighton - 2 £338 -
Sheffield - 2 - -
South Yorkshire - 2 - -
Chester 0 1 £269 -20.05%
West Yorkshire -4 1 £255 -46.31%
Cheshire -6 1 £269 -20.05%
Newcastle upon Tyne - 1 - -
North East - 1 - -
Docklands, London - 1 £600 -
Tyne and Wear - 1 - -
Manchester - 1 - -
Leeds - 1 £255 -

FATCA
Top 30 Related IT Skills

For the 6 months to 1 May 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 70 (62.50%) Banking
2 62 (55.36%) Finance
3 40 (35.71%) Business Analysis
4 34 (30.36%) Investment Banking
5 29 (25.89%) Stakeholder Management
6 28 (25.00%) MiFID
6 28 (25.00%) Anti-Money Laundering
7 25 (22.32%) KYC
8 21 (18.75%) EMIR
9 19 (16.96%) Analytical Skills
10 15 (13.39%) Dodd-Frank
11 14 (12.50%) Business Intelligence
12 13 (11.61%) Billing
12 13 (11.61%) User Acceptance Testing
12 13 (11.61%) Project Management
12 13 (11.61%) Cash Management
13 12 (10.71%) Target Operating Model
14 11 (9.82%) SQL
14 11 (9.82%) Retail
15 10 (8.93%) Degree
15 10 (8.93%) Microsoft
15 10 (8.93%) Migration
16 9 (8.04%) Software Delivery
16 9 (8.04%) CRD IV
16 9 (8.04%) Data Analytics
16 9 (8.04%) Analytics
16 9 (8.04%) GAP Analysis
17 8 (7.14%) Derivative
17 8 (7.14%) Asset Management
17 8 (7.14%) QA

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 3 (2.68%) SharePoint
Applications
1 7 (6.25%) MS Office
2 4 (3.57%) MS Excel
2 4 (3.57%) MS Project
2 4 (3.57%) MS Visio
3 2 (1.79%) MS PowerPoint
Business Applications
1 1 (0.89%) Global One
1 1 (0.89%) Loan IQ
1 1 (0.89%) Summit
Communications & Networking
1 1 (0.89%) HTTPS
Database & Business Intelligence
1 8 (7.14%) Data Warehouse
2 1 (0.89%) Data Mining
2 1 (0.89%) OLTP
2 1 (0.89%) Oracle Database
2 1 (0.89%) Oracle Reports
2 1 (0.89%) QlikView
2 1 (0.89%) SQL Server
Development Applications
1 1 (0.89%) JIRA
General
1 70 (62.50%) Banking
2 62 (55.36%) Finance
3 34 (30.36%) Investment Banking
4 13 (11.61%) Billing
5 11 (9.82%) Retail
6 8 (7.14%) Legal
7 7 (6.25%) General Ledger
8 6 (5.36%) Financial Institution
9 5 (4.46%) Retail Banking
10 3 (2.68%) Back Office
11 2 (1.79%) Front Office
12 1 (0.89%) International Banking
12 1 (0.89%) Wholesale Banking
Job Titles
1 81 (72.32%) Analyst
2 73 (65.18%) Business Analyst
3 26 (23.21%) Banking Analyst
4 22 (19.64%) Banking Business Analyst
5 19 (16.96%) Financial Analyst
6 18 (16.07%) Finance Business Analyst
7 16 (14.29%) Service Analyst
8 14 (12.50%) Financial Business Analyst
8 14 (12.50%) Financial Services Business Analyst
9 13 (11.61%) MiFID Business Analyst
10 12 (10.71%) Project Manager
11 10 (8.93%) IT Analyst
12 9 (8.04%) Business IT Analyst
12 9 (8.04%) IT Business Analyst
12 9 (8.04%) Regulatory Business Analyst
13 7 (6.25%) Report Analyst
13 7 (6.25%) Test Manager
13 7 (6.25%) Treasury Business Analyst
14 6 (5.36%) Senior Analyst
15 5 (4.46%) Senior Business Analyst
Miscellaneous
1 19 (16.96%) Analytical Skills
2 8 (7.14%) Derivative
3 7 (6.25%) Data Extraction
4 3 (2.68%) Reference Data
5 2 (1.79%) Equities
5 2 (1.79%) Foreign Exchange (FX)
6 1 (0.89%) Computer Science
6 1 (0.89%) Enterprise Software
6 1 (0.89%) Equity Derivative
6 1 (0.89%) Fintech
6 1 (0.89%) Fixed Income
6 1 (0.89%) Management Information System
6 1 (0.89%) Market Risk
6 1 (0.89%) PMI
Operating Systems
1 1 (0.89%) Unix
Processes & Methodologies
1 40 (35.71%) Business Analysis
2 29 (25.89%) Stakeholder Management
3 28 (25.00%) Anti-Money Laundering
4 25 (22.32%) KYC
5 14 (12.50%) Business Intelligence
6 13 (11.61%) Cash Management
6 13 (11.61%) Project Management
6 13 (11.61%) User Acceptance Testing
7 12 (10.71%) Target Operating Model
8 10 (8.93%) Migration
9 9 (8.04%) Analytics
9 9 (8.04%) Data Analytics
9 9 (8.04%) GAP Analysis
9 9 (8.04%) Software Delivery
10 8 (7.14%) Asset Management
10 8 (7.14%) Quality Management
10 8 (7.14%) SDLC
10 8 (7.14%) Stakeholder Engagement
11 7 (6.25%) Change Management
11 7 (6.25%) Security Testing
Programming Languages
1 11 (9.82%) SQL
2 2 (1.79%) PL/SQL
3 1 (0.89%) R
3 1 (0.89%) VBA
Qualifications
1 10 (8.93%) Degree
2 4 (3.57%) ISEB
3 2 (1.79%) ACCA
3 2 (1.79%) CIMA
3 2 (1.79%) ISTQB
3 2 (1.79%) ISTQB Foundation Certification
4 1 (0.89%) IIBA
4 1 (0.89%) PMI Certification
Quality Assurance & Compliance
1 28 (25.00%) MiFID
2 21 (18.75%) EMIR
3 15 (13.39%) Dodd-Frank
4 9 (8.04%) CRD IV
5 8 (7.14%) QA
6 7 (6.25%) Basel II
7 4 (3.57%) AIFMD
8 3 (2.68%) Data Quality
9 2 (1.79%) Solvency II
10 1 (0.89%) Basel III
10 1 (0.89%) UCITS
Systems Management
1 5 (4.46%) HP Quality Center
Vendors
1 10 (8.93%) Microsoft
2 8 (7.14%) Oracle
3 4 (3.57%) Informatica
3 4 (3.57%) Teradata
4 3 (2.68%) LexisNexis
5 2 (1.79%) Calypso
6 1 (0.89%) IBM
6 1 (0.89%) Murex
6 1 (0.89%) Pega