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 24 October 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
24 Oct 2014
Same period 2013 Same period 2012
Foreign Account Tax Compliance Act (FATCA)
Rank 572 487 502
Rank change year-on-year
-85 +15
Contract jobs citing FATCA 41 90 86
As % of all contract IT jobs located in the UK 0.070% 0.17% 0.16%
As % of the Quality Assurance & Compliance category 0.92% 2.35% 2.00%
Number of daily rates quoted 28 84 71
Average daily rate
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£575 £550 £550
Average daily rate % change year-on-year
+4.54% -
90% offered a daily rate of more than £493 £400 £375
10% offered a daily rate of more than £698 £650 £650
UK excluding London average daily rate £525 £475 £375
% change year-on-year
+10.52% +26.66%
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
4458 3826 4294
As % of all contract IT jobs located in the UK 7.64% 7.29% 7.88%
Number of daily rates quoted 2795 2333 2466
Average daily rate £400 £425 £425
Average daily rate % change year-on-year
-5.88% -
90% offered a daily rate of more than £220 £250 £245
10% offered a daily rate of more than £600 £613 £600
UK excluding London average daily rate £370 £350 £375
% change year-on-year
+5.71% -6.66%
Number of hourly rates quoted 221 148 224
Average hourly rate £19.00 £17.50 £19.75
Average hourly rate % change year-on-year
+8.57% -11.39%
90% offered a hourly rate of more than £11.50 £11.00 £11.00
10% offered a hourly rate of more than £45.00 £35.45 £42.00
UK excluding London average hourly rate £18.00 £17.50 £19.50
% change year-on-year
+2.85% -10.25%

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 24 October 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 24 October 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 -68 40 £575 +4.54% 9
London -46 35 £600 +6.66% 7
City of London -6 5 £625 +16.27% 1
Scotland - - - -
Edinburgh - - - -

FATCA
Top 30 Related IT Skills

For the 6 months to 24 October 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 51 (70.83%) Banking
2 40 (55.56%) Finance
3 30 (41.67%) Investment Banking
4 20 (27.78%) Business Analysis
5 17 (23.61%) EMIR
6 16 (22.22%) Dodd-Frank
7 13 (18.06%) Project Management
8 11 (15.28%) GAP Analysis
9 10 (13.89%) Change Management
9 10 (13.89%) COREP
9 10 (13.89%) FINREP
10 9 (12.50%) Requirements Analysis
10 9 (12.50%) Agile Software Development
11 8 (11.11%) CIMA
11 8 (11.11%) Sarbanes-Oxley
11 8 (11.11%) ACCA
12 7 (9.72%) Legal
12 7 (9.72%) Analytical Skills
13 6 (8.33%) MiFID
13 6 (8.33%) User Acceptance Testing
13 6 (8.33%) Reference Data
13 6 (8.33%) Stakeholder Management
13 6 (8.33%) Retail
14 5 (6.94%) QA
14 5 (6.94%) Retail Banking
15 4 (5.56%) Test Scripting
15 4 (5.56%) MS Excel
15 4 (5.56%) Programme Management
15 4 (5.56%) Asset Management
15 4 (5.56%) Risk Management

FATCA
Top Related IT Skills by Category

For the 6 months to 24 October 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.

Applications
1 4 (5.56%) MS Excel
2 2 (2.78%) MS Visio
2 2 (2.78%) MS Office
3 1 (1.39%) MS PowerPoint
Communications & Networking
1 1 (1.39%) 2G
Database & Business Intelligence
1 3 (4.17%) Relational Database
Development Applications
1 1 (1.39%) Toad
General
1 51 (70.83%) Banking
2 40 (55.56%) Finance
3 30 (41.67%) Investment Banking
4 7 (9.72%) Legal
5 6 (8.33%) Retail
6 5 (6.94%) Retail Banking
7 3 (4.17%) Front Office
8 1 (1.39%) Financial Institution
8 1 (1.39%) Manufacturing
8 1 (1.39%) Wholesale Banking
8 1 (1.39%) Corporate Banking
Job Titles
1 43 (59.72%) Analyst
2 40 (55.56%) Business Analyst
3 17 (23.61%) Project Manager
4 12 (16.67%) Senior Business Analyst
4 12 (16.67%) Senior Analyst
5 10 (13.89%) Banking Business Analyst
6 5 (6.94%) Financial Business Analyst
6 5 (6.94%) Programme Manager
7 4 (5.56%) Test Manager
7 4 (5.56%) Technical Business Analyst
7 4 (5.56%) Investment Banking Business Analyst
7 4 (5.56%) Technical Analyst
8 3 (4.17%) Data Analyst
8 3 (4.17%) Senior Project Manager
8 3 (4.17%) Senior Manager
9 2 (2.78%) Architect
9 2 (2.78%) Technical Specialist
9 2 (2.78%) Business Architect
9 2 (2.78%) Lead Business Analyst
9 2 (2.78%) Programme Test Manager
Libraries, Frameworks & Software Standards
1 1 (1.39%) XML
Miscellaneous
1 7 (9.72%) Analytical Skills
2 6 (8.33%) Reference Data
3 3 (4.17%) Hedge funds
3 3 (4.17%) Management Information System
4 2 (2.78%) Derivative
4 2 (2.78%) Equity Derivative
5 1 (1.39%) Mobile Banking
5 1 (1.39%) User Experience
Processes & Methodologies
1 20 (27.78%) Business Analysis
2 13 (18.06%) Project Management
3 11 (15.28%) GAP Analysis
4 10 (13.89%) Change Management
5 9 (12.50%) Requirements Analysis
5 9 (12.50%) Agile Software Development
6 6 (8.33%) User Acceptance Testing
6 6 (8.33%) Stakeholder Management
7 4 (5.56%) Programme Management
7 4 (5.56%) Risk Management
7 4 (5.56%) Test Scripting
7 4 (5.56%) Asset Management
8 3 (4.17%) Project Planning
8 3 (4.17%) Test Management
8 3 (4.17%) Data Architecture
8 3 (4.17%) Quality Management
8 3 (4.17%) UML
8 3 (4.17%) Business Transformation
9 2 (2.78%) Use Case
9 2 (2.78%) Test Planning
Programming Languages
1 3 (4.17%) Java
2 2 (2.78%) SQL
2 2 (2.78%) VB
3 1 (1.39%) VBA
3 1 (1.39%) C
Qualifications
1 8 (11.11%) ACCA
1 8 (11.11%) CIMA
2 1 (1.39%) ISEB
2 1 (1.39%) PRINCE2 Certification
2 1 (1.39%) PMP
2 1 (1.39%) PMI Certification
Quality Assurance & Compliance
1 17 (23.61%) EMIR
2 16 (22.22%) Dodd-Frank
3 10 (13.89%) COREP
3 10 (13.89%) FINREP
4 8 (11.11%) Sarbanes-Oxley
5 6 (8.33%) MiFID
6 5 (6.94%) QA
7 2 (2.78%) Basel III
7 2 (2.78%) Solvency II
8 1 (1.39%) Data Quality
8 1 (1.39%) Basel II
8 1 (1.39%) CRD IV
8 1 (1.39%) AIFMD
Systems Management
1 2 (2.78%) HP Quality Center
Vendors
1 3 (4.17%) Microsoft
2 1 (1.39%) HP
2 1 (1.39%) Pega
UK
Lawrence Harvey IT & Change
Posted: 2 days ago
Swindon, Wiltshire
Clarity Resourcing Ltd
Rate: £450 - £601 per day
Posted: 2 days ago
London
Huxley Associates
Rate: £750 - £850 per day + competitive
Posted: 4 days ago
London
Aston Carter
Rate: £700 - £800 per day
Posted: 4 days ago
Manchester
Orgtel
Rate: competitive
Posted: 7 days ago
London
Hays IT - Uk Posting account
Rate: £600.00 - £700.00 per day
Posted: 10 days ago
City of London
Real Staffing
Rate: £600 - £650 per day + competitive
Posted: 23 days ago