The table below looks at the statistics for FINREP skills in IT contracts advertised across the UK. Included is a guide to the average contractor rates offered in IT contracts that have cited FINREP over the 3 months to 2 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
2 Sep 2014
Same period 2013 Same period 2012
Financial Reporting (FINREP)
Rank 601 571 564
Rank change year-on-year
-30 -7
Contract jobs citing FINREP 10 12 24
As % of all contract IT jobs located in the UK 0.018% 0.022% 0.042%
As % of the Quality Assurance & Compliance category 0.22% 0.31% 0.53%
Number of daily rates quoted 6 12 18
Average daily rate
Keep up to 90%
of your Daily Rate
Get a Free Illustration
£550 £488 £500
Average daily rate % change year-on-year
+12.82% -2.50%
90% offered a daily rate of more than £475 £375 £450
10% offered a daily rate of more than £565 £550 £550
UK excluding London average daily rate £550 £525 £500
% change year-on-year
+4.76% +5.00%
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
4450 3928 4543
As % of all contract IT jobs located in the UK 7.88% 7.35% 7.86%
Number of daily rates quoted 2706 2306 2481
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 £245
10% offered a daily rate of more than £563 £623 £600
UK excluding London average daily rate £375 £355 £360
% change year-on-year
+5.63% -1.38%
Number of hourly rates quoted 203 165 250
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 £37.30 £41.00
UK excluding London average hourly rate £20.00 £17.50 £21.25
% change year-on-year
+14.28% -17.64%

FINREP
Jobs Demand Trend

This chart provides the 3-month moving total of IT contractor jobs citing FINREP within the UK as a proportion of the total demand within the Quality Assurance & Compliance category.

FINREP Jobs Demand Trend in the UK

FINREP
Daily Rate Trend

This chart provides the 3-month moving average for daily rates quoted in IT contract jobs citing FINREP within the UK.

FINREP Daily Rate Trend in the UK

FINREP
Daily Rate Histogram

This chart provides a histogram of daily rates quoted in contract IT jobs citing FINREP within the UK over the 3 months to 2 September 2014.

FINREP Daily Rate Histogram in the UK

FINREP
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 FINREP within the UK over the 3 months to 2 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 -17 9 £550 +15.78%
South West - 5 £550 -
London +9 4 £579 +21.89%
City of London +34 1 - -
Bournemouth - - - -
Dorset - - - -

FINREP
Top 30 Related IT Skills

For the 6 months to 2 September 2014, IT contractor jobs within the UK citing FINREP 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 FINREP.

1 31 (91.18%) Finance
2 24 (70.59%) COREP
3 14 (41.18%) Banking
4 11 (32.35%) Business Analysis
5 10 (29.41%) SQL
6 9 (26.47%) Basel III
6 9 (26.47%) CRD IV
7 7 (20.59%) FATCA
7 7 (20.59%) User Acceptance Testing
7 7 (20.59%) GAP Analysis
7 7 (20.59%) CIMA
7 7 (20.59%) Sarbanes-Oxley
7 7 (20.59%) ACCA
8 6 (17.65%) Requirements Analysis
9 4 (11.76%) Data Mapping
9 4 (11.76%) Stakeholder Engagement
9 4 (11.76%) Data Warehouse
9 4 (11.76%) Financial Institution
10 3 (8.82%) Data Management
10 3 (8.82%) Oracle
10 3 (8.82%) Data Architecture
10 3 (8.82%) QA
11 2 (5.88%) Credit Risk
11 2 (5.88%) Integration Testing
11 2 (5.88%) Relational Database
11 2 (5.88%) SQL Server
11 2 (5.88%) SAP
11 2 (5.88%) Data Modelling
11 2 (5.88%) Data Mining
11 2 (5.88%) ETL

FINREP
Top Related IT Skills by Category

For the 6 months to 2 September 2014, IT contractor jobs within the UK citing FINREP 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 FINREP. Up to 20 skills are shown per category.

Application Platforms
1 2 (5.88%) SAS
Applications
1 1 (2.94%) MS Project
1 1 (2.94%) MS Visio
1 1 (2.94%) MS PowerPoint
Business Applications
1 1 (2.94%) Oracle Financials
Database & Business Intelligence
1 4 (11.76%) Data Warehouse
2 2 (5.88%) Data Mining
2 2 (5.88%) Data Mart
2 2 (5.88%) SQL Server
2 2 (5.88%) Relational Database
3 1 (2.94%) Base SAS
3 1 (2.94%) Oracle Database
3 1 (2.94%) RDBMS
Development Applications
1 1 (2.94%) JIRA
General
1 31 (91.18%) Finance
2 14 (41.18%) Banking
3 4 (11.76%) Financial Institution
4 2 (5.88%) Investment Banking
5 1 (2.94%) Marketing
5 1 (2.94%) French Language
5 1 (2.94%) Back Office
Job Titles
1 24 (70.59%) Analyst
2 23 (67.65%) Business Analyst
3 9 (26.47%) Senior Business Analyst
3 9 (26.47%) Senior Analyst
4 4 (11.76%) Consultant
5 3 (8.82%) Developer
6 2 (5.88%) Information Security Consultant
6 2 (5.88%) Financial Business Analyst
6 2 (5.88%) Financial Analyst
6 2 (5.88%) Security Consultant
7 1 (2.94%) Banking Business Analyst
7 1 (2.94%) Lead Business Analyst
7 1 (2.94%) Business Data Analyst
7 1 (2.94%) Data Integration Consultant
7 1 (2.94%) Integration Consultant
7 1 (2.94%) Business Manager
7 1 (2.94%) Banking Analyst
7 1 (2.94%) Data Consultant
7 1 (2.94%) Data Analyst
7 1 (2.94%) SAS Programmer
Libraries, Frameworks & Software Standards
1 1 (2.94%) .NET
1 1 (2.94%) XBRL
Miscellaneous
1 2 (5.88%) Derivative
1 2 (5.88%) Credit Risk
2 1 (2.94%) Market Risk
2 1 (2.94%) Data Integration
2 1 (2.94%) Foreign Exchange (FX)
Operating Systems
1 1 (2.94%) UNIX
Processes & Methodologies
1 11 (32.35%) Business Analysis
2 7 (20.59%) GAP Analysis
2 7 (20.59%) User Acceptance Testing
3 6 (17.65%) Requirements Analysis
4 4 (11.76%) Data Mapping
4 4 (11.76%) Stakeholder Engagement
5 3 (8.82%) Data Architecture
5 3 (8.82%) Data Management
6 2 (5.88%) Data Analysis
6 2 (5.88%) Information Security
6 2 (5.88%) Data Security
6 2 (5.88%) Risk Management
6 2 (5.88%) Data Modelling
6 2 (5.88%) ETL
6 2 (5.88%) Integration Testing
7 1 (2.94%) Dimensional Modelling
7 1 (2.94%) Data Migration
7 1 (2.94%) Unit Testing
7 1 (2.94%) Data Governance
7 1 (2.94%) Test Strategy
Programming Languages
1 10 (29.41%) SQL
2 1 (2.94%) VBA
2 1 (2.94%) Shell Script
2 1 (2.94%) PL/SQL
Qualifications
1 7 (20.59%) ACCA
1 7 (20.59%) CIMA
2 2 (5.88%) CISM
2 2 (5.88%) CISSP
3 1 (2.94%) Degree
Quality Assurance & Compliance
1 24 (70.59%) COREP
2 9 (26.47%) Basel III
2 9 (26.47%) CRD IV
3 7 (20.59%) FATCA
3 7 (20.59%) Sarbanes-Oxley
4 3 (8.82%) QA
5 1 (2.94%) Basel II
5 1 (2.94%) GAAP
5 1 (2.94%) Solvency II
5 1 (2.94%) EMIR
5 1 (2.94%) Dodd-Frank
Systems Management
1 1 (2.94%) HP Quality Center
Vendors
1 3 (8.82%) Oracle
2 2 (5.88%) SAP
3 1 (2.94%) Cognos
3 1 (2.94%) Microsoft
3 1 (2.94%) HP
3 1 (2.94%) CA