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 22 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
22 Oct 2014
Same period 2013 Same period 2012
Foreign Account Tax Compliance Act (FATCA)
Rank 574 480 502
Rank change year-on-year
-94 +22
Contract jobs citing FATCA 41 89 85
As % of all contract IT jobs located in the UK 0.071% 0.17% 0.15%
As % of the Quality Assurance & Compliance category 0.93% 2.33% 1.94%
Number of daily rates quoted 28 83 70
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 £655
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
4408 3820 4381
As % of all contract IT jobs located in the UK 7.67% 7.30% 7.90%
Number of daily rates quoted 2765 2322 2527
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 £240
10% offered a daily rate of more than £600 £613 £600
UK excluding London average daily rate £375 £350 £375
% change year-on-year
+7.14% -6.66%
Number of hourly rates quoted 221 148 229
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 £11.35 £11.00 £11.00
10% offered a hourly rate of more than £45.00 £37.30 £41.95
UK excluding London average hourly rate £18.00 £17.50 £19.75
% change year-on-year
+2.85% -11.39%

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 22 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 22 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 +2.22% 15
London -20 35 £600 +4.34% 13
City of London -1 5 £625 +16.27% 2
Scotland - - - -
Edinburgh - - - -

FATCA
Top 30 Related IT Skills

For the 6 months to 22 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 50 (70.42%) Banking
2 40 (56.34%) Finance
3 29 (40.85%) Investment Banking
4 20 (28.17%) Business Analysis
5 16 (22.54%) EMIR
6 15 (21.13%) Dodd-Frank
7 13 (18.31%) Project Management
8 11 (15.49%) GAP Analysis
9 10 (14.08%) COREP
9 10 (14.08%) FINREP
10 9 (12.68%) Requirements Analysis
10 9 (12.68%) Change Management
10 9 (12.68%) Agile Software Development
11 8 (11.27%) CIMA
11 8 (11.27%) Sarbanes-Oxley
11 8 (11.27%) ACCA
12 7 (9.86%) Analytical Skills
13 6 (8.45%) MiFID
13 6 (8.45%) Legal
13 6 (8.45%) Retail
13 6 (8.45%) Stakeholder Management
14 5 (7.04%) Retail Banking
14 5 (7.04%) QA
14 5 (7.04%) User Acceptance Testing
14 5 (7.04%) Reference Data
15 4 (5.63%) Asset Management
15 4 (5.63%) Programme Management
16 3 (4.23%) Front Office
16 3 (4.23%) Risk Management
16 3 (4.23%) Quality Management

FATCA
Top Related IT Skills by Category

For the 6 months to 22 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 3 (4.23%) MS Excel
2 2 (2.82%) MS Visio
2 2 (2.82%) MS Office
3 1 (1.41%) MS PowerPoint
Communications & Networking
1 1 (1.41%) 2G
Database & Business Intelligence
1 3 (4.23%) Relational Database
Development Applications
1 1 (1.41%) Toad
General
1 50 (70.42%) Banking
2 40 (56.34%) Finance
3 29 (40.85%) Investment Banking
4 6 (8.45%) Legal
4 6 (8.45%) Retail
5 5 (7.04%) Retail Banking
6 3 (4.23%) Front Office
7 1 (1.41%) Manufacturing
7 1 (1.41%) Financial Institution
7 1 (1.41%) Corporate Banking
7 1 (1.41%) Wholesale Banking
Job Titles
1 43 (60.56%) Analyst
2 40 (56.34%) Business Analyst
3 17 (23.94%) Project Manager
4 12 (16.90%) Senior Business Analyst
4 12 (16.90%) Senior Analyst
5 10 (14.08%) Banking Business Analyst
6 5 (7.04%) Financial Business Analyst
6 5 (7.04%) Programme Manager
7 4 (5.63%) Investment Banking Business Analyst
7 4 (5.63%) Technical Business Analyst
7 4 (5.63%) Technical Analyst
8 3 (4.23%) Data Analyst
8 3 (4.23%) Senior Project Manager
8 3 (4.23%) Test Manager
8 3 (4.23%) Senior Manager
9 2 (2.82%) Programme Test Manager
9 2 (2.82%) Lead Business Analyst
9 2 (2.82%) Architect
9 2 (2.82%) Technical Specialist
9 2 (2.82%) Business Architect
Libraries, Frameworks & Software Standards
1 1 (1.41%) XML
Miscellaneous
1 7 (9.86%) Analytical Skills
2 5 (7.04%) Reference Data
3 3 (4.23%) Hedge funds
4 2 (2.82%) Derivative
4 2 (2.82%) Equity Derivative
4 2 (2.82%) Management Information System
5 1 (1.41%) User Experience
5 1 (1.41%) Mobile Banking
Processes & Methodologies
1 20 (28.17%) Business Analysis
2 13 (18.31%) Project Management
3 11 (15.49%) GAP Analysis
4 9 (12.68%) Requirements Analysis
4 9 (12.68%) Change Management
4 9 (12.68%) Agile Software Development
5 6 (8.45%) Stakeholder Management
6 5 (7.04%) User Acceptance Testing
7 4 (5.63%) Asset Management
7 4 (5.63%) Programme Management
8 3 (4.23%) Risk Management
8 3 (4.23%) Quality Management
8 3 (4.23%) UML
8 3 (4.23%) Project Planning
8 3 (4.23%) Data Architecture
8 3 (4.23%) Test Scripting
8 3 (4.23%) Business Transformation
9 2 (2.82%) Test Planning
9 2 (2.82%) Test Management
9 2 (2.82%) Use Case
Programming Languages
1 3 (4.23%) Java
2 2 (2.82%) SQL
2 2 (2.82%) VB
3 1 (1.41%) C
3 1 (1.41%) VBA
Qualifications
1 8 (11.27%) CIMA
1 8 (11.27%) ACCA
2 1 (1.41%) ISEB
2 1 (1.41%) PRINCE2 Certification
2 1 (1.41%) PMP
2 1 (1.41%) PMI Certification
Quality Assurance & Compliance
1 16 (22.54%) EMIR
2 15 (21.13%) Dodd-Frank
3 10 (14.08%) COREP
3 10 (14.08%) FINREP
4 8 (11.27%) Sarbanes-Oxley
5 6 (8.45%) MiFID
6 5 (7.04%) QA
7 2 (2.82%) Basel III
7 2 (2.82%) Solvency II
8 1 (1.41%) Basel II
8 1 (1.41%) Data Quality
8 1 (1.41%) AIFMD
8 1 (1.41%) CRD IV
Systems Management
1 2 (2.82%) HP Quality Center
Vendors
1 2 (2.82%) Microsoft
2 1 (1.41%) HP
2 1 (1.41%) Pega
Swindon, Wiltshire
Clarity Resourcing Ltd
Rate: £450 - £601 per day
Posted: 3 hours ago
London
Huxley Associates
Rate: £750 - £850 per day + competitive
Posted: Yesterday
London
Aston Carter
Rate: £700 - £800 per day
Posted: 2 days ago
Manchester
Orgtel
Rate: competitive
Posted: 5 days ago
London
iKonnect
Rate: £550 - £600 per day
Posted: 5 days ago
City, London
Morpheus Search Partners Limited
Rate: £450 to £550 per day
Posted: 6 days ago
London
Hays IT - Uk Posting account
Rate: £600.00 - £700.00 per day
Posted: 7 days ago
City of London
Real Staffing
Rate: £600 - £650 per day + competitive
Posted: 21 days ago